Thursday, August 22, 2013

Buy BRKB IWM LGF (sell puts)

Buy BRKB via selling Oct 100 puts @114.3
Buy LGF via selling Oct 29 puts @35.3

I sell some October puts on Berkshire Hathaway.

I open an October position in Lions Gate Entertainment.The sequel to Hunger Games is opening November 22, 2013. Prior experience and intuition tells me it will be bullish until then. That said, this is a another worm trade, way out of the money, so I have some cushion.

/edit to add: sell IWM Oct 88 puts @102.7
Another worm trade (low risk, low reward, small premium). The 50 day moving average is around 91, and 88 is several chart support levels lower.

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

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