Monday, March 04, 2013

Buy IWM (sell puts)

Buy IWM via selling Apr 80 puts @90.8
IWM is the Russell 2000 ETF. I open a fifth position for April. Again, it is low risk, low reward. March and April can be tricky months, so I am even a bit more cautious than my usual careful self. Chart support that beginning of the year gap up at 84. More than a few stocks will report earnings before April expiration, so I am reluctant to sell puts this early.

Long BA BRKB IWM LGF MON PG QCOM SPY
Net long APC KORS

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