Buy LGF via selling Apr 13 puts LGF@15.0
I add another layer of short LGF puts. Weekend box office topped estimates. “The Hunger Games” is only the first of three movies. Sequels tend to do even better than the first.
Elsewhere, stocks boom higher, as do precious metals, bonds get hit after Bernanke comments. My IWM position is moving towards delta neutral as the market rallies.
Long AXP IBM LGF SLV SPY XRT
net long APC GLD IWM