Thursday, August 08, 2013

Buy LGF (sell puts)

Buy LGF via selling Sep 27 puts @33.8
Lionsgate Entertainment reports earnings after the close. Options are indicating a modest two point move up or down. 27 is the break out point of this recent leg up. This is another worm, a tiny premium with a small chance of a losing trade.

Long BRKB EMN GE GDX IWM KORS PG
Net long APC BA GLD LGF SPY

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