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
Put spread on Freeport-McMoRan (FCX 0.39%↑). Entered at a net credit of $2.15, as part of a 3-leg combo, on 10/10/2025; exited at a net debit of $3.49 on 10/24/2025. Loss: 47%.
Put spread on Intel (INTC -4.47%↓). Entered at a net credit of $1.20, as part of a 3-leg combo on 9/26/2025; exited at a net debit of $0.20 on 10/24/2025. Profit: 83%.1
Four-leg combo on Tesla (TSLA -2.82%↓). Entered at a net credit of $2.60 on 9/23/2025; exited the call spread at a net credit of $0.02 on 10/23/2025; exited the put spread at a net debit of $0.17 on 10/24/2025. Profit: 93%.2
Calls on Bit Digital (BTBT 7.69%↑). Bought for $0.61 as part of a risk-reversal on 8/28/2025; sold (half) for $1.80 on 10/20/2025. Profit: 195%.
Four-leg combo on Esco Technologies (ESE -1.55%↓). Entered at a net debit of $3 on 8/6/2025; exited the put spread at a net debit of $0.20 on 8/14/2025; exited the call spread at a net credit of $12 on 10/24/2025. Profit: 293%.3
Call spread on Celestica (CLS 1.48%↑). Entered at a net debit of $1.92, as part of a 4-leg combo on 8/25/2025; exited at a net credit of $8 on 10/24/2025. Profit: 317%.
Four-leg combo on Repligen (RGEN 1.48%↑). Entered at a net debit of $0.70 on 9/26/2025; exited the call spread at a net credit of $8 on 10/21/2025; exited the put spread at a net debit of $0.20 on 10/24/2025. Profit: 1,014%.4
On premium collected; profit on max risk = 125%.
On premium collected; profit on max risk = 33%.
On premium outlay; profit on max risk = 68%.
On premium outlay; profit on max risk = 125%.
Comments
Stocks or Exchange Traded Product.
No exits this week, as I haven’t followed our basic strategy (formerly known as our core 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
A good week. The notable exit here is probably Tesla (TSLA -2.99%↓), as it highlights the power of our harvesting implied volatility approach.
Our trade there was a combo expiring on October 24th, consisting of these four legs:
Buying the $480 call,
Selling the $490 call,
Selling the $420 put, and
Buying the $410 put,
For a net credit of $2.60. The net credit was the key part there, as that call spread part of that combo expired practically worthless, but we nevertheless profited on the trade, thanks to our net credit.
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