Monday, November 05, 2012

Buy LGF and BRKB (sell puts)

Buy LGF Lions Gate Entertainment via selling Nov 15 puts
Buy BRKB Berkshire Hathaway via selling Dec 77.5 puts
With the time change, I find some time to place some orders before the open. With virtually zero exposure in my trading account, I take some small positions. LGF hit an air pocket ahead of its earnings, but at below 15 I am a buyer. The story on Berkshire is the same as it has been for a while, a stock buyback at 10% above book value provides major support.

Net long IWM

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