07/20/2013

Market Shadows Got High

Market Shadows Got High

By Paul Price

Our Virtual Value Portfolio, that is. Details here ... Model Equities Portfolio

The $100,000 stake we started with on Oct. 26, 2012, grew this past week. It hit a new closing high of $126,438 on Friday afternoon.

Getting High

Our 26.4% return since inception compared favorably to the performance of the S&P 500 ETF (SPY) which returned 21.5% over the same time period.

We locked in a  5-month, 32.8% gain on Life Time Fitness (LTM) earlier in the week. That pushed our cash reserve up to $8,513 or 6.7% of the total account value.

We also closed out our LTM August $45 put for 15-cents a share in the  virtual put selling portfolio . We captured more than 97% of the original $5.60 /share premium while exiting a month early.

VVP as of July 19, 2013

Long-time Market Shadows readers should be enjoying getting high without the need for drugs. You can sign up for instant e-mail alerts on all new articles and trades. Simply enter your contact information in the box at the top of our home page.

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Virtual Value Portfolio

Virtual Put-Selling Portfolio.

 

Jul 20, 2013 12:00:00 AM | Options, Value Investing

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I'm editor at Phil's Stock World, and editor for Stock World Weekly. My background is in the biological sciences, and law. After a brief career in the legal field, I changed directions and am now working as an editor, and very much enjoying my experiences in the editing world.

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