Sell
APC Jul 80 puts @88.2
Sell
PG Aug 70 puts @78.3
I
add to longs in Anadarko Petroleum and Proctor and Gamble. More worms
for the tiger (worms, meaning low risk, tiny reward option selling).
Elsewhere,
gold and bonds resume the down trend. I have a tiny position in gold,
and for now I am steering clear of bonds. The trend in bonds is
lower. However, seasonality is positive, and sentiment is mixed.
Sentiment in metals is mixed as few bulls are throwing in the towel,
despite terrible tape action.
Long
BRKB GLD IWM LGF NSC PG XOP XRT
Net
long APC BA SPY
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