Exits, 7/28/2023
How we did on the trades we exited this week.
Slyzyy/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 Crocs (CROX 0.00%↑). Entered at a net debit of $0.75 on 7/26; will expire worthless. Loss: 100%.
Put spread on Teladoc Health (TDOC 0.18%↑). Entered at a net debit of $0.49 on 7/25; will expire worthless. Loss: 100%.
Call spread on Snap (SNAP 0.00%↑). Entered at a net debit of $0.38 on 7/25; will expire worthless. Loss: 100%.
Put spread on Ford (F 0.00%↑). Entered at a net debit of $0.41 on 7/27; exited at a net credit of $0.81 on 7/28. Profit: 98%.
Call spread on Logitech International (LOGI 0.00%↑). Entered at a net debit of $1.25 on 7/24; exited at a net credit of $2.25 on 7/25. Profit: 80%.
Put spread on Kimberly-Clark (KMB -1.20%↓). Entered at a net debit of $0.50 on 7/24; exited for a net credit of $0.90 on 7/25. Profit: 80%.
Call spread on Keurig Dr Pepper (KDP 0.33%↑). Entered at a net debit of $0.70 on 7/25; exited at a net credit of $1.55 on 7/28. Profit: 121%.
Comments
On the stock side, this was another week where we didn’t get stopped out of anything, as our system’s top ten names continue their strong performance. For example, if you missed yesterday’s top names post, our top ten names from January 26th were up 34.96%, on average, over the next six months.
On the options side, all of these exits were on earnings trades entered this week. Looking at some of the social data trades I didn’t place this week, we could have made money on about two thirds of them. Next week, I’ll try to cast a broader net for these.
One trade we didn’t exit this week was our bearish bet against Applied Optoelectronics (AAOI 8.05%↑), but our timing on betting against it looks to have been pretty good (today’s bounce notwithstanding).
That AAOI trade wasn’t an earnings trade, but a bet that a parabolic stock with awful fundamentals would come back to earth.