Best 25 Holdings Portfolio climbed to approximately $137,948.55, up from $136,516.40 the previous week. Since its inception on June 23 with $100,000, the portfolio has delivered almost 38% growth. This week we closed our 2 existing short positions on Microsoft and Nvidia that was slow bleeding, and took a Long position on $FANG with 75 shares at $143.36. We also executed 2 small speculative option plays in one of which expired worthless and the other we are carrying into next week. You can see all moves and current open plays below the paywall or at the Members Chat.
We continuously cautioned again shorting the markets or even buying hedges all of July. There’s still no good reason to start buying hedges or shorting the market right now but things may change as we get into August. Before the end of August, we expect $SPY/$SPX to pull back to test the $600/$6000 but we may squeeze above $640/$6400 before that as I have been pointing out since early July. Right now scaling into hedges targeting September expiry will turn profit even if it bleeds during the final phase of the squeeze that may happen in the final week of July and early week of August but we are not ready to enter them yet. But things can change any day as soon as the signals that we are watching become visible. Someone on social media commented that our portfolio is having success because of bull market but what he doesn’t know is that we are going to be gaining lot more during the pull back because of the way we are planning the upcoming well timed hedges!