As you may have heard, Disney is buying Marvel for a good chunk of change. In the Fission account, we closed our ‘Bulletproof from the Beginning’ MVL position for a strong profit…I liquidated the stock but am still holding the put just in case of a small pull back.
For all of you following the Plain Vanilla, virtual trading positions, we are simply going to liquidate the MVL virtual trade.
Selling to close MVL at $47.75 and selling to close our January 2010 40 put for $0.70. This means we are getting $48.45 back. The initial investment was only $42.16, so we take in a virtual profit of $6.29, or roughly 15%.
Look for other possible moves in the Plain Vanilla virtual trading portfolio in the near future.
I'm Kurt Frankenberg, and I have discovered how to truly put the odds on the side on the individual investor. It uses a principle that has been in front of our eyes all along, but is rarely used or understood. Other systems advocate treating the stock market like a business. My system really does.
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