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 Tesla (TSLA 0.00%↑ ). Entered at a net debit of $0.85 on 1/23. Expired worthless on 1/26. Loss: 100%.
Put spread on Logitech (LOGI 0.00%↑). Entered at a net debit of $1.05 on 1/22. Exited at a net credit of $2.30 on 1/23. Profit: 119%.
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 most recent top names post, our current top names holdings have done pretty well so far.
Options Trades
Tesla scored well on our composite score, as did IBM (IBM 0.00%↑) , which we passed on (as I wrote about here). In hindsight, the key difference between the two was probably that Tesla was oversold according to its RSI while IBM was overbought. In theory, you would go with the oversold one, all else equal, but our approach is empirical, so going forward, as this week’s returns get incorporated in our spreadsheet, it will reflect a bias against undersold names heading into next week.