Thursday, November 07, 2013

Rebalance APC LGF (sell calls)

Sell APC Dec 100 calls
Sell LGF Dec 39 calls

As the stock market moves lower, the short strangles take on more delta and lose money. I rebalance closer to neutral, though am still net long both Anardarko and LionsGate. Overall, lots of red minus signs for my trading account.

Long AMGN BA BRKB FDX GDX IWM IYR
Long KORS NKE NSC WHR TM XOP XRT
Net long APC GLD LGF SPY

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