Exits, 12/23/2023
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 Nike (NKE 0.00%↑). Entered at a net debit of 12/20; expired worthless on 12/22. Loss: 100%.
Call spread on CarMax (KMX 4.02%↑). Entered at a net debit of $0.45 on 12/20; exited at a net credit of $0.65 on 12/21. Profit: 44%.
Comments
Stocks or Exchange Traded Products
Another week with no exits, as our core strategy of buying our top ten names and holding them until they get stopped out (and then replacing them with a new top ten name) continues to perform well. As we noted in our top names post, 18 of our 24 top names cohorts this year so far have outperformed the market.
Options Trades
Nike ( NKE 0.00%↑ ). Nike beat earnings, but gave disappointing guidance and the stock was crushed.
CarMax (KMX 4.02%↑). We might have been able to get out of this one for a larger gain, had we set our exit at 85% of the spread.
As usual, we’ll add the data from these earnings trades (and the ones we researched but didn’t place) to our spreadsheet, and update our weightings based on how each of our signals has performed.