Friday, March 16, 2007

Another tough week

My portfolio limps into options expiration. I am short April calls on C, CHRW, GDX and have none expiring today. My rolldown on GDX was near the short term low--it is painful when that happens. However, it is the nature of hedging and rolldowns that this can and does happen.

To all the Irish readers, or Irish in spirit, have a happy St. Patrick's Day.

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