8.3 C
New York
Thursday, March 28, 2024

Closing the $100,000 Virtual Portfolio in Week 18

We are starting a new $100K Virtual Portfolio this weekend.

The new virtual portfolio is going to be aimed at drawing an income of $2,500 per month and we're going to be running a live, virtual portfolio for members as an experiment which, if it goes well, will lead to other virtual portfolios going live.  The $100KP is a low-touch virtual portfolio, looking to stay well hedged and making most if it's money by selling options and dividends.  It's so low touch, that we haven't made a change in 2 weeks as Aug 8th was the last update!

As of August 8th, we had unrealized gains of $6,690 and a cash gain of $12,291 over the first 4 months.  Today I am simply making notes on positions that need to be changed today on options expiration day.  We'll do a full review over the weekend:

GE: Will be called away at $11.  GE will be in the new virtual portfolio.

PGF has Sept $12 calls and Sept $13 puts and those are on track to be called away.  Likely in the new virtual portfolio.

DBC is a leap and the Aug $21 calls should be rolled across to Sept (even) and 2011 $15s rolled to Jan $21s at $2.60, taking $6,000 off the table and leaving a bearish commoditiy spread.

UNG:  Jan $9s will be in the new virtual portfolio.  Aug $14 puts are worthless and calls can stay naked.

UYG:  Will be called away at $4.  Will be in the new virtual portfolio and Aug $4s ($1.35) can be rolled to Dec $5 puts and calls ($1.50).

STI: Will be called away at $15.  No longer interested.

KEY: Will be called away at $5.  Will be in new virtual portfolio and Aug $5s ($1.40) can be rolled to Dec $6 puts and calls ($1.90)

USB: Will be called away at $18. 

Want to see more?

Reap the benefits of one of our paid membership plans and get access to articles like these PLUS:

  • Insightful daily market reviews
  • Educational guides and posts
  • Access to our Virtual Trading portfolios
  • Unique trading opportunities
  • LIVE trading webinars
  • Intraday market commentary from Phil
  • Our community of traders

Our plans pay for themselves — Don't hesitate!

Join Risk-Free Today!
Already a member? Please sign in.

3 COMMENTS

Subscribe
Notify of
3 Comments
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

3
0
Would love your thoughts, please comment.x
()
x