Tuesday, January 22, 2013

Rebalance APC (sell puts)

Sell APC Feb 70 puts @78.5
I rebalance my short strangle on Anadarko Petroleum. The drift higher moved my short straddle to delta negative. Chart support at 74 and 70.
/edit to add: Later in the day, I sell another layer of APC Mar 67.5 puts. APC@79.4 
 
Long EBAY GPS IWM LEN LGF MON
Net long APC BA

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