Saturday, July 18, 2009

A Decent July For The Alpha-D Portfolio

My uncovered calls on SPY and EFA were the only options that expired this month, and they expired out of the money. That means I've preserved all of the proceeds from the original sale. Some patience and a little bit of luck paid off. I will renew these positions when the market opens Monday.

I'm staying short these ETFs' options because economic prospects for the G20 economies are poor.