This month was a slight disappointment for my Alpha-D Portfolio. I decided to buy back my short calls on SPY and EFA at losses last week when the share prices looked they would rise through the strike price. :-( Remember, I'm doing uncovered calls on these things because I believe the world economy has farther to fall, and I didn't want to be caught with uncovered in-the-money options after expiration. That's why I'm going to renew these bearish positions when the market opens tomorrow.
