Sell APC strangles Apr 75 puts, Apr 95 calls @82.5
I rebalance my position in Anadarko Petroleum to about neutral. I have a complicated position with several layers of short puts and calls.
The stock market continues what I like to call a zombie bull advance. Seems like virtually nothing can stop the market from lurching forward. At some point it comes back, but when? As I often write, calling tops and bottoms is more for entertainment than for real life traders.
Long BA BRKB IWM LGF MON PG QCOM SPY
Net neutral APC KORS