May 3rd, 2014
I want folks to know of personal trades I took – which are in Dividend Lab options & equities.
1. Emerge Energy Services LP (EMES)
Emerge went ex-dividend of $1.13 per unit on May 1st. On May 1st, I reduced my net position size, in $EMES married put positions, to 20% from about 32-33%. I still have profitable some option positions that will benefit if $EMES unit price goes up in price. The company reports on May 5th, Monday:
2. U.S. Silica Holdings, Inc. (SLCA)
This position went up about 12% for us this past week.
Option positions were adjusted as needed.
3. Hi-Crush Partners LP (HCLP)
Our $HCLP will simply serve as a “better than $ETJ, T-Bond 2.59%” investment place. EMES and SLCA are the preferred areas.
The $EMES position was becoming oversized and rotated assets. The Monday conference call will be “interesting”. I place a “guestimate” downside risk of 35% from current levels if the first mine is not improved. Beyond that the business model should have positive news.