Call Options on VNOM on 5/14/2018

Viper Energy Partners LP  (VNOM) owns, acquires, and exploits oil and natural gas properties in North America.

The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas.

As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company.

The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc. (FANG).

Shares are heading higher in an upward trading channel. Presently, prices are at the lower boundary of the channel. The 50-day moving average is shown in brown.

Entry Point: $30.20

52-Weeks Trading Range: $14.76 to $31.63

Trade Buy 1 June $30.00 Call at $1.30 For a net debit of $1.30 Profit/Loss Analysis Breakeven at $31.30 Maximum profit is unbounded Maximum loss is ($130.00) at strike of $30.00 Closing Summary Sold 1 June $30.00 Call at $0.00

Position closed on 6/15/2018 at price of $0.00 with a -100.00% loss in 32 days.

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