Buy now!
Frontline reported poorly and is taking measure to divest itself as it faces prolonged recovery. FRO use to be a top dividend producer and has gotten schwacked. But FRO is not TNK. TNK today has a13% dividend, you won't be able to lock in that kind of return in the future.
FRO downgraded has influenced the dry bulk shippers.
10 Calls in the front months is where the open interest is with about 50% PUT action...
Layer in starting now and have a steady income stream in the future...
Happy Trading
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