Wednesday, July 07, 2010

Buy BRKB (sell puts)

Buy BRKB via selling Aug 60 puts BRKB@78.7. My Jul 60 puts are near delta zero.

Elsewhere, GLD has had a couple of hard down days. Looks like a shakeout, as the gold uptrend is still intact. As SPY rallies, I am close to delta neutral on SPY.

Long BRKB, GLD, SPY*, TLT*
SPY offset by SDS, net neutral SPY
TLT offset by TBT, net long TLT

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