Buy LGF Lions Gate via selling Mar
19 puts @20.0
I
was already short Mar 14 puts. I interpret the short term action as
constructive. There is a shelf of short term support at 19.2. I
mentioned the Lions Gate earnings report in Tuesday's post.
I believe the best
is yet to come for LGF. For years, this company had losses, so no matter how
strong the franchises were, most money managers would not, could not buy. Two
quarters of earnings, with upside surprises, may bring in more
institutional support. Yes, LGF has had a good run, so there is risk
in going long at this time. A SeekingAlpha write up said to wait for
a pullback to 19, so there are some small fish likely waiting to get
in at that price.
Long
BA IWM LGF KORS MON PG QCOM
Net
long APC
Expiring
this Friday AMZN EBAY GPS LEN TBT
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