Thursday, May 03, 2012

Sell LGF (cover puts)

Buy back short LGF May 12 puts
LGF Lions Gate at 11.9

This is the "Hunger Games" movie studio stock. I am still short LGF May 13 puts. I don't like the way it or the stock market is acting, and am taking some risk off. I get out of this set of puts with a break even profit (profit just a bit more than commissions). GNC drifted lower after my fill--tough market.

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

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