Buy APC via selling Mar 80 puts, APC @88.4. I am already short Mar 72.5 puts. 80 is about the breakout level and support.
In a strong uptrend, hedgers like me tend to underperform. So while it has been a positive month, aggressive traders, and buy-and-hold investors are doing much better than my relatively cautious approach. As for GDX, as soon I mentioned it, it popped higher and wiped out the put premium again.
Long APC BRKB IWM MCD SPY XRT
* long AAPL AMZN EEM
* short GDX
* delta is near zero on these positions
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