Buy
BRKB via selling Aug 95 puts @113.2
I
sell strangles on APC selling Aug 72.5 puts and
Aug 110 calls @86.5.
The Berkshire Hathaway is another worm
trade, very low premium, low risk, low reward. I continue to be
cautious. I don't trust this rally. Liquidity remains scarce on some
options, with wider spreads than I would like.
The
spread narrows a bit for the moment on Anadarko Petroleum and I reach
to sell the strangle. A short strangle is a bet on a trading range.
I don't care that much for these two trades either. However, I am slowing deploying some of the capital from last Fridays option expiration.
I don't care that much for these two trades either. However, I am slowing deploying some of the capital from last Fridays option expiration.
Long
BA BRKB IWM LGF NSC PG XOP XRT
Net
long APC SPY
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