Ignore the News, Trade When Good Quality is on Sale
We sold 1 contract of the Lindsay Corporation (LNN) March 2014, $70 put for $4.70 per share.
Market Shadows wrote (sold) two contracts of Coca-Cola (KO) Jan. 2015, $40 puts this morning for a premium of $5.05 per share. Coke is a high-quality, good-yielding stock that presents a low-risk way to generate cash while acting as a proxy for a moderate stock price movement.
The Virtual Value Portfolio had another fine week. We gained 1.39% for the full five days, outperforming the major indices. We are three weeks from the first anniversary since this portfolio’s inception. Our original $100,000 has grown to $128,487 without the use of any margin or options.
Possible Buyout Brewing for ARO
Carnival: Swamped with bad news
Wal-Marts’s Woe = Opportunity Discount retailers sold off en masse today after Bloomberg reported that Wal-Mart (WMT) had cut back on wholesale ordering due to…
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…
Made Two Moves in the Put Writing Portfolio We closed out our Cummins (CMI) January 2014 $110 put four months early. The stock had risen…
Selling a Put on Molson Coors Market Shadows Virtual Value Portfolio had taken…
