I have had success writing ATPG puts. I just closed a recent play on the Jan 15 2011s. I have sold jan 15 2012 ones, and have recently played the jan 20 2013 puts and Jan 10 2013 calls. I wrote 20 Jan 20 2013 puts for $9 a contract and bought Jan 10 2013 Calls for 7.75. I am in the green for both at the moment but am actually hoping the stock will dip down so I can add. The thesis is that while the whole BP spill delayed ATPG adding production wells, within 2 years they should more than double their production. I am prognosticating that on a conservative valuation the stock will be at least $30 per share come then. The puts basically financed the calls, with a little left over. [more]
Just curious, is there a reason why you spammers repeat your website address link like ten times in a given reply?
I wasn't quick enough to switch channels Monday night and wound up getting caught up in Cramer's show. He picked 3 stocks to outperform for the year of 2011. Sadly. 2 of his three picks I own in real life, namely AA (Alcoa) and Intc (Intel). AA I have had luck on. I bought it under $11 and sold it in April 2010 for over $15. Then bought it again for under $11. Intel I am near even on with an average price of 21 (caught a dividend). [more]