Exits, 9/29/2023
How we did on the trades we exited this week--plus, a deal on Peloton.
Dids/Pexels
Last Week’s (And Today’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 last week or today:
Stocks or Exchange Traded Products
None
Options Trades
Puts on BRC, Inc.’s (BRCC 0.00%↑). Bought at $0.95 on 3/29; sold on 9/29 at $1.45. Profit: 53%.
Comments
Black Rifle Coffee
BRC, Inc. is the parent company of Black Rifle Coffee, which has a lurid backstory you can read here.
Peloton
After Peloton (PTON 0.00%↑) plummeted post-earnings last month, I placed a couple of bullish trades on it, which you can read about here.
Shares of Peloton ended this week up about 12%, after the company announced a strategic partnership with Lululemon Athletica (LULU 0.00%↑). Coinciding with that announcement, Peloton boosted its member referral discount from $100 to $200, so anyone buying a bike, or other Peloton equipment will get a $200 discount using my link. Click on the image below if you’re interested.
Peloton limits that offer to 6 users, so first come, first served.