Investor's Opinion

Portfolio Update, Option Pick

Published: 2010-04-21 22:16:00 EDT by Unknown

I had an order in for the purchase of a Call option on Capital Product Partners, L.P. in the event that it broke above 9$. Today it did that, but only momentarily. As a result I am in the CPLP Sept10 7.50 Call option at a little more than the current asking price. I might have made a mistake getting in so early, but I believe that I bought an option with an expiration far enough out that I should see the break out to the upside in the near future and be able to profit off of that move. I believe that it should make it to 9.50 or 10$. That is my opinion, you can take it or leave it.

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Labels: opinion, option picks, option strategies, prognostication, update

Updated: 2010-04-21 22:31:59 EDT

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