Wednesday, August 21, 2013

Sell XRT calls

Sell XRT Sep 83 calls @79.0
Retail ETF has been moving down. Instead of covering my short Sep 75 puts, I sell some calls. This lowers my exposure, while adding the possibility of losses on a big rally above the strike price of 83. By the time I write this entry, XRT is back to 79.4, so not the best timing today.

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

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