Showing posts with label Golar Natural Gas. Show all posts
Showing posts with label Golar Natural Gas. Show all posts

Monday, July 7, 2014

Buy High and Sell Higher GLNG



Buy high and sell higher.   I have heard that strategy attributed to Value Line evaluations.  We have a real time example of that strategy.
 

GLNG

Golar National Gas, symbol GLNG is not a stranger to this blog or to my own portfolio.   Today was another opportunity.   The stock was down $1.47 to $58.95.   Buy on this dip and sell a September 20, 2014 $65 call for $3.00 and you have an income machine.    Oh, and by the way, GLNG should pay you their quarterly dividend of $.45 if you still hold it on about September 4, 2014.

GLNG Covered Call



I covered this stock before.  Here are the links.   http://www.themoneymadam.com/2014/06/in-down-market-look-for-covered-calls.html  and http://www.themoneymadam.com/2014/03/two-high-risk-income-stocks-in-lng.html.    Review these and you’ll see why this is an example of buy high and sell higher.

Proceed with caution.

TheMoneyMadam
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