Exits, 12/1/2023
How we did on the trades we exited this week.
Dids/Pexels
This Week’s Trade Exits
As soon as I exit a trade, I note that in the comments of the post where I first mentioned the trade; at the end of the week, I try to track them all in one post. These are the trades I exited this week:
Stocks or Exchange Traded Products
None.
Options Trades
Call spread on Kroger (KR 2.52%↑). Entered at a net debit of $0.41 on 11/29; exited at a net credit of $0.57 on 11/30. Profit: 39%.
Call spread on Dollar Tree (DLTR 0.00%↑). Entered at a net debit of $0.45 on 11/28; exited at a net credit of $0.80 on 11/29. Profit: 78%.
Put spread on Farfetch (FTCH 0.00%↑). Entered at a net debit of $0.29 on 11/28; exited at a net credit of $0.48 on 11/29. Profit: 68%.
Call spread on Snowflake (SNOW -3.42%↓). Entered at a net debit of $2.30 on 11/29; exited at a net credit of $4.74 on 11/30. Profit: 106%.
Call spread on Ulta Beauty (ULTA -0.94%↓). Entered at a net debit of $2.40 on 11/30; exited at a net credit of $4.95 on 12/1. Profit: 106%.
Comments
All five exits were from earnings trades we entered this week, using the signals I wrote about here:
Trading Update: Which Signals Are Strongest Now
What Trading Signals Are Strongest Now As we wrote last week (Why Trade Stocks?), we've been using ten different factors, or signals to decide which earnings trades to take, and at the end of each week, we track the performance of all of them to see what's working best, on both the bullish and bearish sides.
Last week, 5 out of 7 of the trades we placed using this approach were winners; this week, 5 out of 5 were.
got it-thanks
On average, how often do you send out trade alerts?