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

1. 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%.

2. 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%.

3. 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%.

4. 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%.

5. 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:

Last week, 5 out of 7 of the trades we placed using this approach were winners; this week, 5 out of 5 were.