Monday, September 19, 2011

Alpha-D Update 9/19/11

I'll be brief.  All of the covered calls on my GDX and FXI holdings expires unexercised.  I renewed the GDX calls with a weekly expiration and the FXI calls with a monthly expiration. 

I made no other changes.  I like how my cash pile is growing from all of the expired call options I've executed this year.  My war chest is ready for whatever valuation disasters Europe's insolvency will throw at the markets.