Friday, April 20, 2012

Roll LGF short puts (12s)

I roll my short LGF Apr 12 puts @12.0
Buy Apr 12 puts
Sell May 12 puts

This is my second tier of short Lions Gate puts, not a duplicate post. I rolled the 13s yesterday. The stock is hovering right at the strike price of 12. An assignment at ThinkorSwim is a higher commission rate than a roll.

Elsewhere, stocks have a positive tone on expiration Friday. I look for trades, but with premiums drying up, the risk doesn't seem to worth the small premiums offered.

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

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