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