Market Shadows booked a nice gain today.
Just before closing time we sold our stake in Walgreen’s (WAG), one of the original holdings in our Virtual Value Portfolio. We purchasaed WAG back on October 26, 2012. We were more than satisfied locking in this gain as the stock had risen by 83.18% plus dividends in a bit under 16 months.
Sales proceeds of $5,491.85 have been added to our cash reserves bringing that category’s total to $21,763.82. We maintain some exposure to Walgreens in our Virtual Put Writing Portfolio where we took advantage of last June’s swoon to sell some WAG Jan. 2015, $45 puts @ $7.15 per share. That ‘short put’ position looks laughably conservative with WAG trading above $64 right now.
See full details on this stock transaction, plus all other closed-out and current Market Shadows Virtual Value equity positions by using this link.
http://marketshadows.com/virtual-portfolios/virtual-portfolio/
