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Anthony Alfidi's  Instablog

Anthony J. Alfidi is the founder and CEO of Alfidi Capital LLC, an investment research firm in San Francisco, California. Alfidi Capital publishes free investment research with honesty and humor. Mr. Alfidi holds a Bachelor's degree in human resource management from the University of Notre Dame... More
My business:
Alfidi Capital LLC
My blog:
http://alfidicapitalblog.blogspot.com
  • Updating The Alpha-D for Aug. '09 0 comments
    Aug 25, 2009 01:32 PM | about stocks: SPY, EFA, VWO, FXI, GDX, IAU, ANV, IWM
    Some of my short option positions expired unexercised last Friday, so I did alright by hanging onto those premiums. I have renewed my option positions as follows:

    FXI and GDX: short straddles that expire Sept. 2009.

    IAU: short put that expires Sept. 2009. This netted me almost nothing as the bid collapsed just as I entered the trade!

    ANV: short put that expires Mar. 2010. This is a new position based on my assessment that ANV is a junior miner that's going places. I remain long ANV itself.  
     
    For the first month in quite some time I have no position at all in IWM. I could not find an OTM call that would have made it worth my while to go short. I am not going long the ETF itself until we hit the next leg down in this W-shaped depression.

    My previously set option positions in SPY, EFA, and VWO will expire next month. They're OTM so far . . . I like that.
    Themes: ETF, gold, options Stocks: SPY, EFA, VWO, FXI, GDX, IAU, ANV, IWM
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