Monday, August 23, 2010

Updating The Alpha-D For August 2010

The Monday after options expiration brings the usual updates.  There are no surprises this time.

I remain long GDX, FXI, and TDW.

I refreshed the following expired options positions:  Covered calls on GDX, FXI, and TDW.  Cash-covered puts on GDX and FXI. 

I remain long puts against IYR and LMT as hedges against the unpopped bubbles in real estate and defense spending.

I'm getting more interested by the day in FLIR, KEX, and now MDR but I won't go long until I'm more certain of their fair valuations. 

That's all.