Sell LGF strangles LGF @14.8
Sell Aug 14 puts
Sell Aug 16 calls for credit
Sell strangles on Lions Gate, which is a bet that the stock stays in a trading range. So far 15 has been a brick wall for LGF. This adds slightly to my positive delta, so I remain modestly long on LGF.
I remain cautious. I am going to be traveling later in July, so am shying away from some trades for that reason. The stress from the markets isn't something to pack for vacation.
Long BRKB EWG XRT
Net long LGF
Net neutral IWM SPY TLT
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