Friday, September 07, 2012

Sell KFT (cover short puts)

Cover short KFT Sep 39 puts @40.7
Kraft Foods gaps down on news. I bail out at a break even profit to avoid the uncertainty. Even though there is modest chart support at 40.

As of this writing, my short covering from yesterday looks like some good moves, especially with gold moving higher this morning.

Long AMGN BRKB ESRX EWG LGF XHB
Long GLD IWM XRT
Net neutral SPY

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