December 24, 2011 at 08:31 AM EST
White Christmas Portfolio Wrap-Up
Merry Christamas!   I know it’s tacky to give cash but, as we closed our original, virtual $25,000 Portfolio early on October 20th and we were miles ahead of our $100,000 goal, we decided to do this bonus portfolio starting with a fresh virtual $15,000 set aside out of our $130,000 – risking 1/2 of the excess profits in an attempt to make 60% more ($10,000) in two month s.   We started that Monday, the 24th of October with our GNW spread ( which I also discussed on TV that day ) and that Friday we put up the official post where , I will remind you, our stated goal was to make a little bonus money for the holidays AND to share some of that money with a worthy cause.  I want to thank everyone who chose to donate to the NYC Food Bank , we got some really spectacular donations from some of you and I really appreciate it and I hope you have all gotten into the holiday spirit and helped to support those in need this season – it’s much appreciated and I thank you. Just as importantly, I very much hope you were able to learn something following this portfolio.  We never put much capital at risk, we took quick profits off the table and we worked our way out of most of our losses through rolling and adjusting – letting the trading range do most of the hard work.  Most importantly, we had BALANCE – we selected trades in both directions – enjoying the wild ride from the up and down markets.   That strategy, in fact, worked very well!   As of Friday and since our last update on the 16th , when we had $41,465 of realized gains, we closed the following positions :   5 SCO Dec $37 puts sold for net $1.90, expired worthless – up $1,900 5 FAS Dec $40 puts sold for $2.40, expired worthless – up $1,200 10 TNA Dec $41 calls at net $1.50, out at $1.50 – even 10 FAS Dec $61 calls sold at net $0 (spread), expired worthless – even   10 TLT 12/23 $121 calls sold for net .74 ($740), expired worthless – up $740 10 GNW Dec $6 puts sold for .85, expired worthless – up $850 10 QQQ 12/16 $56 puts at .57, out at $1.05 – up $480 10 …

Merry Christamas! 

I know it’s tacky to give cash but, as we closed our original, virtual $25,000 Portfolio early on October 20th and we were miles ahead of our $100,000 goal, we decided to do this bonus portfolio starting with a fresh virtual $15,000 set aside out of our $130,000 – risking 1/2 of the excess profits in an attempt to make 60% more ($10,000) in two months.  

We started that Monday, the 24th of October with our GNW spread (which I also discussed on TV that day) and that Friday we put up the official post where, I will remind you, our stated goal was to make a little bonus money for the holidays AND to share some of that money with a worthy cause.  I want to thank everyone who chose to donate to the NYC Food Bank, we got some really spectacular donations from some of you and I really appreciate it and I hope you have all gotten into the holiday spirit and helped to support those in need this season – it’s much appreciated and I thank you.

Just as importantly, I very much hope you were able to learn something following this portfolio.  We never put much capital at risk, we took quick profits off the table and we worked our way out of most of our losses through rolling and adjusting – letting the trading range do most of the hard work.  Most importantly, we had BALANCE – we selected trades in both directions – enjoying the wild ride from the up and down markets.  

That strategy, in fact, worked very well!  

As of Friday and since our last update on the 16th, when we had $41,465 of realized gains, we closed the following positions:  

  • 5 SCO Dec $37 puts sold for net $1.90, expired worthless – up $1,900
  • 5 FAS Dec $40 puts sold for $2.40, expired worthless – up $1,200
  • 10 TNA Dec $41 calls at net $1.50, out at $1.50 – even
  • 10 FAS Dec $61 calls sold at net $0 (spread), expired worthless – even  
  • 10 TLT 12/23 $121 calls sold for net .74 ($740), expired worthless – up $740
  • 10 GNW Dec $6 puts sold for .85, expired worthless – up $850
  • 10 QQQ 12/16 $56 puts at .57, out at $1.05 – up $480
  • 10


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