Tuesday, May 15, 2012

Roll LGF short puts

Roll LGF short puts LGF@12.0
Buy back short May 13 puts
Sell short Jun 13 puts for credit

I roll my Lions Gate Entertainment puts forward. Stock has been flat for a month, so I collected a small premium from time decay on the closed position. LGF has been dead money since the Hunger Games movie release.

The two other options most in danger of possible assignment are GLD, MMM. Most others are looking relatively if the market is normal. Overall, the markets have been treacherous to try and navigate. Premiums on TLT options seem too small to make it worth selling those puts.

Long AMGN BRKB GNC LGF MMM TLT
Net long AAPL AMZN GLD IWM SPY

No comments: