Buy LGF via selling Apr 12 puts LGF@14.4
Lionsgate Entertainment is the studio with the movie “The Hunger Games” which is opening this weekend. There is a lot of buzz, with a record number of pre-sale tickets and 3 a.m. shows being added. The stock has been a sky rocket this year, with a minor pullback on analyst comments yesterday. There is minor support at 14. I pick 12 because it would be below the 50-day-moving-average, and that is a good place to buy rocket stocks on a pull back.
Elsewhere I am now delta positive on APC due to the down move in the stock. My IWM delta has moved up big time on the dip as well.
Long AXP IBM LGF SLV SPY XRT
net long APC GLD IWM