Lance

Glenlivet 12 Romeo y Juliet habana reserve Thanks Lance

Trimmed TLT Wrote puts on TPR Added to BP, BTI, CMCSA, CXW, DD, GD, IRM, KMI, MCY, MO, ORI, OXY, RDSb, WBA, WFC, XOM Thanks Lance

IRM, KHC and RDSb Thanks Lance

VLGEA Thanks Lance

Bought CXW and GEO and wrote puts on GEO. Thanks Lance

Sold VIIX and VIXY. Trimmed TLT. Thanks Lance

BP, OXY, RDSB and WMB. Thanks Lance

VIACA Thanks Lance

Trimmed IAU and TLT. Added to DAL, DD and WBA. New positions in OXY and VDE. Thanks Lance

Trimmed IAU. Bought VIACA and RDSb. Thanks Lance

MSGN Thanks Lance

XOM Thanks Lance

Added to RDSb and WFC. New position in VLGEA. Thanks Lance

Sold Litecoin and bought a small position in SKT. Thanks Lance

TCO Thanks Lance

RDSb Thanks Lance

Why don't you like MLPs? Is it just the tax implications or are there other issues? I prefer c-Corp over MLP mostly due to ease of dealing with them (no K-1). Energy and even midstream is cyclical and volatile, so one can benefit from buying and selling at the “right time “. MLP are a pain in the butt when dealing with partial sales, distribution recapture etc. Also, 60% + of my assets are in tax deferred accounts, which are no-go for MLP (UBTI concern). I would consider an MLP (and indeed own one) for a long term holding only, preferably something I never intend to sell. I think only EPD is really of high enough quality and even there are rumbling about converting to a c-Corp. Are you forced to sell & pay the taxes in a C corp conversion? Why would they consider such a move? Changes to the tax code and a broader base of potential investors (some investors can't invest in MLPs). Thanks Lance

Trimmed IAU, SLV and TLT. Bought BP. Thanks Lance

DD, RDSb and XOM Thanks Lance

WMB Thanks Lance

DD, TCO and WMB Thanks Lance

Wrote puts on GEO. Thanks Lance

XOM Thanks Lance

Trimmed IBM Thanks Lance

Sold calls on TPR. Thanks Lance