Buy
BA via selling Jun 82.5 puts @95.0
Buy
PG via selling Jun 70 puts @78.9
I
add June positions for Boeing and Proctor and Gamble, as I continue
to scale into a few June longs. Again, I am way out of the money on
these put sales and the premiums are tiny. What I call the zombie
bull continues to lurch forward. I have also seen the phrase, the
most hated rally of all time.
Small
investors are adding to longs, but are still under invested in
stocks. Money managers, especially hedge fund managers are way behind
for calendar 2013 and are in a pickle. Buy the rally and perhaps get
trapped at a top, continue to avoid stocks and the performance gap is
getting wider with each passing month.
Elsewhere,
my short strangle (short puts and calls) on LEN Lennar Homes is now
in the money and causing me distress. For now I am staying.
Long
BA BRKB IWM LGF PG WFC TSLA
Net
long APC SPY
Net
short LEN
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