Sell
APC May 75 puts @87.0
I
nudge my complex position in Andarko Petroleum closer to neutral.
Elsewhere
gold was downgraded by Goldman Sachs. Unfortunately the GLD put
option premiums are small, when factoring in the substantial margin
requirements and the possibility of a big move. Buying calls might be
the percentage play, but buying calls isn't something I like to do.
Long
BA BRKB IWM LGF PG WFC
Net
long KORS SPY
Net
short APC LEN TSLA
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