May 3rd, 2014

Hi folks,

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.




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