SLCA is very interesting down here. The provide silica for many things besides fracking, they've been in business for 100 years and yes, they had a big boost from fracking but the company was priced like it was going BK as oil dropped.
Still a good deal at $29.79, especially if we sell the 2017 $23 puts for $5.50 and use that to buy the $25/40 bull call spread at $5 for net 0.50 credit. 5 of those in the LTP and let's practice our legging by offering $5.50 for the puts and $10.25 for the 2017 $25 calls and asking for $6 for the $40 calls.
