Wednesday, August 08, 2012

Buy ESRX (sell puts)

Buy ESRX via selling Sep 52.5 puts @60.6
Express Scripts higher on earnings. Chart support at 55, but I am reluctant to sell the 55s, choosing the lower risk, lower reward of selling the 52.5s.

Elsewhere, movement and decay has pivoted my IWM and XRT positions to delta negative, or net short.

Long AMGN BRKB ESRX EWG KFT
Net long LGF SPY
Net short IWM XRT

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