Looks like we’ll be having a green Christmas this year!
Congratulations to all who played along with our latest virtual portfolio as we couldn’t have made 33 better trades in a month as we blasted past our goal for an 89.4% gain, from $15,000 to $28,415 in just 25 days. There’s certainly as much luck as skill in getting this kind of result but, since we’re over a month ahead of schedule and ahead of our $25,000 goal – there’s no reason to shut this down and we’ll see how far we can push things through Christmas – on one condition.
In the last update, I put up a link to our NYC Food Bank, where we are fortunate enough to have arranged for matching donations for the next Million Dollars that comes in. If you should happen to benefit from what you learn following our virtual portfolio – PLEASE take a moment to give something back to the millions who are less fortunate. It doesn’t have to be the Food Bank – all of our communities have needs and you may find it pleasantly surprising at how good it makes you feel to just walk into a local shelter – hand someone a check and say "Happy Holidays."
That’s all you have to do. They may try to hug you (there’s a lot of huggy people working in shelters) but they won’t put you on a list or bug you for money or come to your house – they are just thrilled to make it through a week with enough money to take care of the people who really need it. Please keep that in mind as this is a particularly hard holiday season for charities – as giving has plunged around the country and needs, obviously, have skyrocketed.
Thank you. Now we can get back to our Capitalistic endeavors!We planned to get back to cash Friday morning from a balance of $23,510 in realized gains as of our update and we closed out the following positions:
- 2 NFLX Nov $67.50 puts sold for $3 expired worthless – up $600
- 5 DECK Nov $105 calls sold for $6.60 expired worthless – up $3,300
- 5 SCO Nov $45/48 bull call spreads at $1.10 expired worthless – down $1,100
- 20 FAS Nov $11 puts sold for .65 (-$1,300) expired worthless