lnofeisone

Conversion to a C Corp means a huge tax bill for LP’s especially those that held the units long term and have a low tax basis (distributions adjust the cost basis downwards). Same thing happened when Kinder merged then LP into KMI. I agree this would be more technical than fundamental, it we might get a huge puke, when these initiative comes to pass and LP owners freak out. Agree that MPC holders that don't want/can't hold MLP (as a corporate structure) would sell MPLX if Elliot's plan goes through. However, MLPX can choose to be treated as a C corp for tax purposes without all the headaches of MLP to C corp conversion.

MPLX NOV 27 puts.

Helpful and I'll continue watching. Thank you.

Curious what made you go long. I learned about it by way of me taking my dog to the vet and everything form the appointment to meds was seamless. Really unsure of the price and chart.

Boilermaker - just curious if you can share your strategy around picking the strike price vs. premium collected (which in my calculations consists of things such as time value, volatility, etc.) vs. probability of assignment (here I have my betas, deltas, vegas).