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A classic ad for Altria's Marlboro brand (image via Cigarettes Guide).
A Hedged Portfolio Around An Altria Position
In August of 2018, I wrote about the performance of a bulletproof, or hedged, portfolio built around a position in AT&T (T) in 2017 and presented a new one, which completed in February (each portfolio lasts for six months). Following that, I began presenting hedged portfolios built around other stocks, including Altria (MO) in July. Let's see how our Altria portfolio is doing three months in, given the performance of the