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 Product.
None
Options
Calls on ZIM Integrated Shipping Services (ZIM 0.30%↑). Bought for $1.90 on 5/16/2025; expired worthless on 10/17/2025. Loss: 100%.
Puts on Schneider National (SNDR -1.53%↓). Bought for $1.05 on 4/24/2025; expired worthless on 10/17/2025. Loss: 100%.
4-leg combo on AZZ (AZZ -1.84%↓). Entered at a net debit of $0.35 on 9/23/2025; short $115 puts got assigned on 10/17/2025; sold the shares at $99.20 and the $110 puts at $11 on the same day: Loss: 96%.
Calls on Fulgent Genetics (FLGT 0.79%↑). Bought for $2 on 5/22/2025; sold for $0.52 on 10/16/2025. Loss: 74%.
Put spread on CEMEX (CX 2.86%↑). Entered at a net credit of $0.45 as part of a 4-leg combo on 10/7/2025; exited at a debit of $0.20 on 10/14/2025. Profit: 56%.1
Put spread on Harmony Gold (HMY 3.75%↑). Entered at a net credit of $1.17, as part of a 3-leg combo on 10/9/2025; exited at a net debit of $0.20 on 10/15/2025. Profit: 83%.2
Calls on Harmony Gold (HMY 1.34%↑). Bought for $2.12, as part of a 3-leg combo on 10/9/2025; sold (half) at $4 on 10/16/2025. Profit: 88%.
Calls on AirSculpt Technologies (AIRS 2.85%↑). Bought for $2.08, as part of a risk-reversal on 8/14/2025; sold (half) for $4 on 10/15/2025. Profit: 92%.
Calls on Vishay Precision Group (VPG 3.52%↑). Bought for $2.64 as part of a 3-leg combo on 8/13/2025; sold (half) for $6.50 on 10/15/2025. Profit: 146%.
Call spread on Advanced Micro Devices (AMD 0.52%↑). Entered at a net debit of $1.27, as part of a 4-leg combo, on 8/12/2025; exited at a net credit of $4, on 10/16/2025. Profit: 215%.
Call spread on D-Wave Quantum (QBTS -9.56%↓). Entered at a net debit of $1.72, as part of a 4-leg combo on 9/15/2025; exited at a net credit of $5.60 on 10/15/2025. Profit: 226%.
Calls on Evolv Technologies Holdings (EVLV 4.33%↑). Bought for $0.76 on 6/17/2025; sold for $2.80 on 10/14/2025. Profit: 268%.
Call spread on Oklo (OKLO 9.20%↑). Entered at a net debit of $5 on 7/22/2025; exited at a net credit of $20 on 10/13/2025. Profit: 300%.
4-leg combo on AST SpaceMobile (ASTS 5.04%↑). Entered at a net debit of $2.70 on 8/27/2025; exited the call spread at a net credit of $12 on 10/8/2025; exited the put spread at a net debit of $0.20 on 10/13/2025. Profit: 337%.3
Calls on Energy Fuels, Inc. (UUUU 0.66%↑). Bought for $1.85 as part of a risk-reversal with a floor on 8/12/2025; sold (second half) for $14.30 on 10/13/2025. Profit: 673%.
Risk-reversal on Ouster (OUST -3.13%↓). Entered at a net debit of $0.73 on 6/25/2025; sold half of the calls for $10 and bought-to-close all of the puts for $0.91 on 8/14/2025; sold the other half of the calls for $14.50 on 10/15/2025. Profit: 1,454%.4
On premium outlay; return on max risk = 45%.
On premium outlay; return on max risk = 117%.
On premium outlay; return on max risk = 160%.
On premium outlay; return on max risk (if OUST had gone to $0 before expiration) = 51%.
Comments
Stocks or Exchange Traded Product.
No exits this week, as I haven’t followed our basic strategy (formerly known as our basic strategy) of buying shares of PA top names in a while, but have been placing options trades on them instead. Nevertheless, our top names have continued their strong performance, as you can see in last night’s update below.
Options
Today was the big options expiration date for the month, and as usual, our losses collect on big OpEx days (since we usually exit winners before expiration). But what’s unusual this time is that 75% of our exits on an OpEx day were winners. This is likely due to two changes we made in our options trading recently:
Using more 3- and 4-leg combos, where we partially finance calls or call spreads using credit put spreads. This lowers our entry costs and break evens.
Changing our exit rules to aim for 80% of the width on call spreads. This enables us to cash out of winning trades earlier, and reduces the odds of round-tripping a winning trade into a losing one.
Our Top Names Available Daily
As a reminder, our top names are available weekly on this Substack, and daily for subscribers to our website and iPhone app’s top names feature.
