Buy
KORS via selling Sep 57.5 puts @70.4
Luxury
goods maker Michael Kors is moving up on earnings. The last couple of
times, the stock pulled back after the news event. The strike price
of 57.5 is at the lower range of the recent base, and is several
support levels lower.
I
also sell APC Sep 75 puts @88.9. Anadarko Petroleum is a fracking
stock, and recent earnings were in line. It has been my best trading
stock this year.
Both
APC and KORS are some more worm trades. In fishing terms, the
premiums so small, they aren't even small fish, they are like digging
for worms.
Long BRKB EMN GE GDX IWM KORS PG
Net
long APC BA GLD LGF SPY
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