Equity prices re-inflated quickly after the bears got giddy on February 4. All three major indices posted greater than 2% gains this week.
Our original $100,000 stake closed out the week at $137,241 in the Virtual Value Portfolio. We hold about 15.9% in cash right now and we’re waiting for the right names retreating to the best prices to put those dollars back to work.
Our Virtual Value Portfolio is ahead of the S&P 500 ETF (SPY) since we started it around sixteen months ago. Market Shadows has been more actively selling virtual puts than buying shares lately. Rather than chasing moving targets we will either buy new positions cheaply, or get paid not to buy now – via selling puts. Learn about the put strategy here.
See details on all our equity and options trades: Market Shadows Virtual Portfolios.
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