What a crazy quarter we’ve been having!
The last major update to our virtual portfolio was back on the March 12th and, although we do send out alert updates on a regular basis and discuss the trade ideas daily in Member Chat, I think it’s about time we start a fresh page but this one will be brief and I urge you to read the original postand the update if you haven’t already to get an idea of what we are trying to learn by following this "hyper-aggressive" virtual portfolio model.
As promised, it has certainly been a wild ride and our last Alert Update from May 12th left us off with $72,652 worth of closed transaction and a virtual net balance of $34,712. As is usual around expirations, we reinvested into rolling and improving our remaining positions while cashing out more winners.
The nature of this strategy is, of course, that the positions that are left open are usually losers but, hopefully, they are losers we are willing to keep working with. As usual, our worst performing open position is FAS but, also as usual, FAS generates the most weekly cash – even with conservative, 1/2 covers. Since May 12th, we closed the following: