Buy PG via selling Jul 67.5 puts @79.2
I open a July position in Proctor and Gamble. Chart support at 70. Yesterday's put sales on BA and IWM were poorly timed, but I have a lot of cushion.
Overall, I am still under invested. I have some SPY backratios that will help in a 5% to 10% correction, and hurt in the case of a full crash.
Long APC BA BRKB HOT IWM LGF NTAP PG SBUX
Net long SPY