A Freaky Friday – But a Good Week – Paul Price – Market Shadows

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A 185 point drop in the DJIA didn’t stop our Model Portfolio from hitting a new weekly closing high.

Freaky Friday

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

VVP as of Sep. 20, 2013

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.

Put Selling Portfolio Details

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.

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