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. Starting in July, 2024, I have also been tracking them in this spreadsheet. These are the trades I exited this week.
Stocks or Exchange Traded Products
None.
Options trades
Call spread on Zoom Video Communications (ZM 9.81%↑). Entered at a net debit of $1.60 on 7/8/2024; exited at a net credit of $3.40 on 8/22/2024. Profit: 113%.
Calls on Travelzoo (TZOO 0.65%↑). Bought for $1 on 7/23/2024; sold (half) for $3 on 8/19/2024. Profit: 200%.
Comments
Stocks or Exchange Traded Products
No exits this week, but the performance of our top names remains strong overall (despite a weak patch on some names selected in Q1). So far, we have 6-month returns for 61 weekly top names cohorts since we started this Substack at the end of December, 2022, and as you can see here, our top names have averaged returns of 21.22% over the next six months, versus SPY’s average of 12.83%.
By exiting our losers early and letting our winners run, our core strategy can generate even better performance than that.
Options trades
Two positive exits this week, though I left a bit of money on the table on the second one, as I mentioned here.
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