Sell APC strangles @88.9
sell APC Sep 80 puts and Sep 105 calls
Anadarko Petroleum is a fracking play. Premiums are up today, possibly related to options rolling to September. APC has been my best trading stock for calendar 2013.
Buy XRT via selling Sep 75 puts
XRT is the retail ETF. I've seen quite a few articles about skittishness over back to school sales.
Long BRKB EMN GE GDX IWM KORS XRT
Net long APC BA GLD LGF SPY
Expiring this Friday PG