Monday, September 09, 2013

Buy APC KORS (sell puts)

Sell APC Oct 80 puts @94.0
Anadarko moving to new highs. I open an October position. APC has been my best trading stock this year. It is establishing a beautiful chart base in this area. My reason for being in APC is fracking.

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

/edit: correction, strike price is 80 on these 
later in the day I add an October position in KORS
Sell KORS Oct 65 puts @75.7
Nice base at 65 for Michael Kors. The fundamentals look good as well.

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