Buy
BRKB via selling Jul 100 puts @110.9
Buy
Bershire Hathaway on this minor decline.
I
layer another put backration on SPY @165.2
selling
2x Jul 148 puts
buying
1x Jul 151 puts
I like to do the backratio as net
bullish. It has an explosive profit on a decline to 148 at expiration.
Large losses occur on a decline below 145. No move or a move up lets
me keep the tiny credit.
I
have had the stock market on storm watch for some time now. Is this
two day hiccup a passing shower, or the start of monsoon season, or
something in between?
Long
APC BA BRKB HOT IWM LGF NTAP PG SBUX
Net
long SPY
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