Wednesday, June 06, 2012

Buy EWG (sell puts)

Buy EWG via selling Oct 17 puts @18.9
EWG is the German stock market ETF. Chart support at 17. Uncertainty is still high, but the strike plus the put premium gives about 16% downside protection.

The U.S. stock market and precious metals are up this morning. Treasuries are down. I am looking for another dip in stocks before the Greek election on June 17th.

Long BRKB, GLD, GNC, LGF
Net long IWM
Net short SPY

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