Call Options on HCLP on 8/30/2017

Hi-Crush Partners LP (HCLP) produces and supplies monocrystalline sand in the United States.

The monocrystalline sand is a mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells.

It owns, operates, and develops sand reserves and related excavation and processing facilities, which include a 857-acre facility with integrated rail infrastructure, located in Wyeville, Wisconsin; and the Augusta facility situated in Eau Claire County, Wisconsin.  Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.

The company offers raw frac sand used in hydraulic fracturing operations for oil and natural gas wells. It primarily serves pressure pumping service providers. Hi-Crush GP LLC operates as the general partner of the company. 

Shares recently rebounded from their 52-week low of $7.25. In the past few days more than 20,000 September $10 Call options have been traded on the ask side of the transaction. We think there must be something that an insider or "someone in the know" is taking these bullish stance.! Silica Holdings (SLCA) company's larger rival has seen its shares rally in recent days but HCLP has lagged the rebound!

We will be trading September $7.50 Call Options

52-Weeks Trading Rannge: $7.25 to $23.30

Entry Point: $7.95

Trade Buy 1 September $7.50 Call at $0.75 For a net debit of $0.75 Profit/Loss Analysis Breakeven at $8.25 Maximum profit is unbounded Maximum loss is ($75.00) at strike of $7.00 Closing Summary Sold 1 September $7.50 Call at $1.10

Position closed on 9/12/2017 at price of $1.10 with a 46.67% gain in 12 days.

Updates

9/12/2017 1:29:40 PM

HCLP $7.5 Call Option closed at $1.10.

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