I actually closed out all my positions prior to this big rally. Not because I foresaw it coming, but I needed the cash in that particular account for something else, plus I had too much on my plate.
But, yeah this market would have hurt a portfolio full of short call positions, but less than...
STOCK TO SHORT FOR OCT 16, 2006 (RTP)
STOCK TO SHORT FOR OCT 16, 2006 (JCI)
STOCK TO COVER FOR OCT 16, 2006 (LBTYA) -3% est. RETURN
STOCK TO COVER FOR OCT 16, 2006 (ADBE) -3.3% est. RETURN
STOCK TO SHORT FOR OCT 13, 2006 (VMC)
STOCK TO SHORT FOR OCT 13, 2006 (WHR)
STOCK TO COVER FOR OCT 13, 2006 (MVL) -5.4% est. RETURN
STOCK TO COVER FOR OCT 13, 2006 (JNY) -2% est. RETURN
I know, I know these shorts are being stubborn it happens.