We last posted changes to the Sample Virtual Portfolio last Tuesday night and our goal was to get most of our positions to cash. We were fortunate enough to catch a wave up so the cash outs were easy. On Friday, we put more money to work with my post "Stress-Free Investing In Stress-Tested Banks" and today's dip gave us the entries that we missed on Friday so it's a good time to review our new configuation and see what else we can spend our money on.

We cashed out of the following positions:

Sold 2 FAS $7.50 puts for .45 naked
- FAS closed at $9.40 so 100% profit of $90
500 C at $3.04, selling May $3 puts and calls for $1.11, net $1.93/2.47
- C done at $3.60 less .15 for the puts = net $3.45 so 78% profit of $760
4/21 Sold 2 IYF May $34 puts for $2.10 naked
Sold 2 add'l IYF May $36 puts for $2.00 naked
- May $34 puts closed at .10 = 95% profit of $400
- May $36 puts closed at .40 = 80% proift of $320
Sold 2 JPM May $29 puts for $1.95 naked
- May $29 puts closed at .20 = 90% profit of $350
Sold 2 JPM $28 puts for $2 naked
- May $28 puts closed at .10 = 95% profit if $360
Sold 10 FAS May $6 puts at $1.20
Sold 7 FAZ May $10 puts for $2.40 naked (adjusted to reflect Monday’s gap down open)
- Stopped out on 4/21 at $1.60 = 33.3% profit of $560
Sold 10 URE June $3 puts for .70 naked
Stopped out at .30 = 43% profit of $400
Sold 10 FAS May $6 puts at $1.20
May $6 puts stopped out at .10 = 91% proift of $1,100