Seeking Alpha
  • Will Erlandson
    Sold PNRA SEP 165 C against my NOV 155s to make it a calendar spread. If the short calls get touched, I'll still be up over 100%.
    9/11/12
    Reply (4)
    • Will Erlandson: If they don't, I keep the 1.00 premium and have a little protection on the gains.
      9/11/12
    • Will Erlandson: Thanks again to OM for the trade of long PNRA calls. It's been among the best this year.
      9/11/12
    • Ocean Man: Glad it's working for you!
      9/11/12
    • Will Erlandson: Bought back the 165Cs at a loss, overall position still very strong.
      9/14/12