Buy PG via selling Mar 70 puts @73.0
Proctor and Gamble up on earnings, breaking out from a beautiful base at 70. There is not much premium on this low volatility stock. Same is true for a lot of other stocks.
Elsewhere, I place an order to sell an IBM put spread to take a long position on IBM, but it drifts away from me and looks like no fill.
Most traders have been focused on AAPL, NFLX, GOOG. For those fast moving high value stocks, it is often best for slow moving little fish traders like me to steer clear.
Long EBAY GPS IWM LEN LGF MON PG
Net neutral APC BA