Use Options For a Chance To Buy TEP at a 21% Discount

Looking back to 120 days ago, Tallgrass Energy Partners, LP (NYSE: TEP) priced a 7,000,000 share secondary stock offering at $41.07 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Wednesday, the stock is now 5.8% higher than the offering price. It should be noted that investors at the secondary have collected $0.79/share in dividends since the time of their purchase, so they are currently up 7.8% on their purchase from a total return basis.
Source: Markets