Buy PG via selling May 70 puts @77.1
Proctor and Gamble looks to be basing again, the previous base at 70 is support.
Buy BA via selling May 75 puts @85.8
Boeing popped higher on news of a successful test flight for the 787. It has a massive three-year-long base at 70 to 75.
Both trades are low risk, low reward, high probability trades. One consideration is that the sell in May calendar effect may start to kick in by the May expiration.
Long BA BRKB IWM LEN LGF PG SPY WFC
Net long APC KORS