05-18-2014, 08:41 AM
I recently doubled my modest KMI position. Is about 4% weighting, at least 2/3 intended as a long term growth and income position.
Jcirafic, how much did you net per share on the put. Seems like going long now would give an effective price of near or under $33. Why not just go long or sell some $32.50 puts. If you are bold enough to go out to October, a month when MLPs are usually depressed, your effective buy price could be near $31, and even if not assigned, you get paid over $1.10 per share for the contract.
Jcirafic, how much did you net per share on the put. Seems like going long now would give an effective price of near or under $33. Why not just go long or sell some $32.50 puts. If you are bold enough to go out to October, a month when MLPs are usually depressed, your effective buy price could be near $31, and even if not assigned, you get paid over $1.10 per share for the contract.
Alex