Sell APC May 75 puts @87.0
I nudge my complex position in Andarko Petroleum closer to neutral.
Elsewhere gold was downgraded by Goldman Sachs. Unfortunately the GLD put option premiums are small, when factoring in the substantial margin requirements and the possibility of a big move. Buying calls might be the percentage play, but buying calls isn't something I like to do.
Long BA BRKB IWM LGF PG WFC
Net long KORS SPY
Net short APC LEN TSLA