Monday, November 19, 2012

Alpha-D Updates for 11/19/12

This month's portfolio update was extremely simple.  All of the options I wrote last month expired unexercised.  I renewed the short covered calls I typically write over GDX.  I tried to execute some other option plays but for whatever reason they wouldn't take in the system.  Perhaps that is just as well.  I won't try again until after next month's options expiration weekend.  I expect the U.S. equity markets to become extremely unstable as the eventual effects of quantitative easing, the fiscal cliff, and the eurozone's insolvency become obvious.

I remain long GDX, FXA, FXC, and FXF, with no other equity positions.  I have the rest in cash.  I have no fixed income exposure because I don't want inflation to destroy my net worth.