Sell LGF Jun 13 calls and Jul 13 calls with LGF@11.7
I am already short LGF Jun 13 puts and Jul 12 puts for small premiums. Lions Gate had two steep down days on no news. Some think it was technical trading as the stock broke through the 50 day moving average and 100 day moving average. Frustrating would be a mild adjective for those that are long like me. I am still net long LGF and plan to roll the Jun 12 puts if I can get net some premium by doing the roll.
Long BRKB, GLD, GNC, LGF
Net long IWM
Net short SPY