Wednesday, August 29, 2012

Rebalance XRT (sell puts)

Sell XRT Oct 54 puts @61.4

I rebalance my retail ETF position back to delta positive. I was already short Sep strangles 63 calls, 57 puts and more layers of puts below that. Like I wrote yesterday, retail has been one of the strongest groups during this rally (home builders, medical and tech are some others). Chart support for XRT at 56 which is the bottom of the trading range, resistance at 63 which was the rally high.

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

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