Monday, August 26, 2013

Buy LGF (sell puts)

I add to my long LGF position by selling Oct 31 puts @36.2
Lionsgate Entertainment continues its bull run. Again, I see continued upside bias until the release date for the second Hunger Games movie Catching Fire on 11/22/13. Because of the up move the stock is extended. However, the 50 day moving average has contained previous pullbacks, and is 31.8.

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

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