Monday, July 08, 2013

LGF strangles

Sell LGF strangles @30.9
Sell Aug 26 puts and Aug 37 calls
There is a positive article on Lions Gate Entertainment on Marketwatch today. For most of 2013, I have been cautiously bullish on LGF. With the run it has had, call buying has done better than other strategies.

Elsewhere BA Boeing is now positive after a minor dip in the morning due to news of the 777 plane crash this weekend.

Long BRKB GLD IWM NSC PG XOP XRT
Net long APC BA LGF SPY

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