Wednesday, January 16, 2013

Sell BA calls

I lighten up on BA by selling Feb 80 calls @73.9
I was long Boeing by being short BA Feb 67.5 puts.I don't like the tape action and the news is getting worse. It seems unlikely that all the uncertainty will be lifted by February expiration.

Long GPS IWM LEN LGF MON UNP XRT
Net long APC BA

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