Thursday, April 19, 2012

Roll LGF short puts

I roll my short LGF Apr 13 puts @12.0
Buy Apr 13 puts
Sell May 13 puts

LGF (Lions Gate) has been a sinking ship for me. I am also short Apr 12 puts. I sold puts when the stock was 14 and 15, so the roll is at a loss. If need be, I will roll the short Apr 12 puts too. Longer term, this stock has some good movie properties, but so far it has been a big loser. Thankfully, the dollar amount is small, even if the loss percentage is huge (about -330% basis the premium of the sold puts).

The rest of my short puts and calls on other stocks and ETFs for April look to expire safely.

Long AXP IBM LGF SPY TLT XRT
net long GLD, IWM

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