Wednesday, May 28, 2008

an interesting tidbit about chk

chk's ceo aubrey mcclendon bought another 600,000 of chk shares on 5/23/08. this brings his direct holdings to 31.8 million shares. two interesting factoids about mr. mcclendon's purchases: (i) most have been open market buys, rather than option exercises and (ii) best i could tell from the 10-k and proxy statement, the company is not lending him money to buy the stock: it's ALL HIS OWN DOUGH AT RISK.

i'm of the opinion right now to be broadly short energy through various etf's and such, but.....i'm also thinking of going long via calls on chk.

disclosure: none; but thinking about buying calls on chk

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