A 185 point drop in the DJIA didn’t stop our Model Portfolio from hitting a new weekly closing high.
Our Virtual Value Portfolio managed a good Fed Week gain to close at $128,041. That’s our best Friday level since we started it up last Oct. 26th. There was no tapering of results for us. Full details here
Liquidity moves markets!Click here to learn how you can follow the money.
Our Put Writing Portfolio had a nice week as well. We closed out a January 2014 put on Cummins Inc. for a good profit and rolled out our Deere puts to January of 2015 while booking a moderate gain. Today we saw our Holly Frontier September $39.50 put expire worthless (a good thing for us, as sellers).
We are currently batting 1.000 on closed-out put transactions with seven winners out of seven transactions. Our total realized profit from the shorting of put options now stands at $3,075.
The opinions expressed are those of Market Shadows and the author, not those of the Wall Street Examiner. The Wall Street Examiner provides market commentary content for Market Shadows without compensation at this time but with the expectation of possible future consideration. The Wall Street Examiner does not participate in stock or options selection or strategy recommendations for Market Shadows and makes no representation regarding the accuracy or validity of the ideas expressed in the post. No recommendation or endorsement is intended or implied. This post is presented for informational purposes. Do all necessary due diligence before considering any investment.
Wall Street Examiner Disclaimer: The Wall Street Examiner reposts third party content with the permission of the publisher. I curate these posts on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler and no endorsement of the content so provided is either expressed or implied by our posting the content. The Wall Street Examiner makes no endorsement or recommendation regarding them. Do your own due diligence when considering the offerings of third party providers.