selling BUD +11% in 6 weeks / +100% on puts, buying BTU

6 weeks ago we bought BUD shares and sold naked puts in addition.

Today we realize 11% gains on the stock in 6 weeks and 100% gains on the puts, as the takeover at $70 per share by InBev is completed.


We buy BTU, Peabody Engy Corp., last at $24.51

Yes we know President Obama plans to promote & fund "green" energy, yes we know that competing fuels natural gas and oil are getting cheaper daily, and yes we know that many are now calling for the markets to slide further.

We expect the markets to rise for the rest of the week, at which time we'll either take quick profits on the stock if we're so lucky to have substantial profits or we'll lower our cost basis by selling covered calls against the equity position. If the stock drops, we'll still sell the covered calls possibly as soon as Monday.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the stocks we do, or mentioning them in this blog. If we hold existing positions we divulge the fact, otherwise we generally buy and sell as diarized here. This blog itself is merely a diarizing of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

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