Closing the MVL RPM in Plain Vanilla

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.

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