Tuesday, August 07, 2012

Buy AMGN (sell puts)

Buy AMGN via selling Sep 72.5 puts @82.2
Amgen had a good earnings report on 7/27. Strong chart support at 70, with minor support at 80 and 75.

As the August option cycle winds down, I remain underinvested because of the recent vacation.

Long AMGN BRKB EWG KFT
Net long LGF IWM SPY XRT

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