Exits, 11/7/2025
How we did on the trades we exited this week.
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 MP Materials (MP 16.85%↑). Entered at a net credit of $1.95, as part of a 4-leg combo on 10/23/2025; exited at a net debit of $5 on 11/7/2025. Loss: 100%.1
Put spread on NuScale Power (SMR 2.72%↑). Entered at a net credit of $1.52, as part of a 4-leg combo on 10/27/2025; exited at a net debit of $4.86 on 11/7/2025. Loss: 96%.2
4-leg combo on Affirm Holdings (AFRM 5.65%↑). Entered at a net debit of $0.92 on 9/3/2025; exited at a net debit of $3 on 11/7/2025. Loss: 96%.3
Put spread on Ouster (OUST 6.75%↑). Entered at a net credit of $3.24, as part of a 3-leg combo on 10/29/2025; assigned short puts and sold resulting shares for $5.50 and long puts for $4 on 11/7/2025. Loss: 87%.4
Put spread on Ouster (OUST 6.75%↑). Entered at a net credit of $1.58, as part of a 4-leg combo on 10/21/2025; exited at a net debit of $3.95 on 11/7/2025. Loss: 69%.5
Put spread on Grab Holdings (GRAB -2.11%↓). Entered at a net credit of $0.21, as part of a 3-leg combo on 11/3/2025; exited at a net debit of $0.35 on 11/7/2025. Loss: 55%.6
Put spread on Robinhood Markets (HOOD 6.10%↑). Entered at a net credit of $1.17, as part of a 4-leg combo, on 11/5/2025; exited at a net debit of $2.80 on 11/7/2025. Loss: 43%.7
Put spread on Coterra Energy (CTRA 5.10%↑). Entered as part of a 3-leg combo at a net credit of $0.04 on 10/21/2025; exited at a net debit of $0.05 on 11/4/2025. Loss: 1%.8
Put spread on Astera Labs (ALAB -1.23%↓). Entered as part of a 4-leg combo at a net credit of $1.86 on 10/17/2025; exited at a net debit of $0.20 on 11/5/2025. Profit: 89%.9
Put spread on SkyWater Technology (SKYT 5.42%↑). Entered as part of a 3-leg combo at a net credit of $1.80 on 10/31/2025; exited at a net debit of $0.20 on 11/6/2025. Profit: 89%.10
Put spread on Talen Energy (TLN 4.10%↑). Entered at a net credit of $1.86, as part of a 4-leg combo on 10/22/2025; exited at a net debit of $0.20 on 11/7/2025. Profit: 89%.11
Four-leg combo on Symbiotic (SYM 0.76%↑). Entered at a net debit of $2.05 on 8/18/2025; exited at a net credit of $11.80 on 11/3/2025. Profit: 476%.12
Four-leg combo on Myr Group (MYRG 3.89%↑). Entered at a net debit of $0.30 on 9/11/2025; exited the call spread at a net credit of $6 on 10/29/2025; exited the put spread at a net debit of $0.25 on 11/5/2025. Profit: 1,816%.13
On max risk; ROI on premium collected = -156%.
On max risk; ROI on premium collected = -220%.
On max risk; ROI on premium outlay = -426%.
On max risk; ROI on premium collected = -101%.
On max risk; ROI on premium collected = -150%.
On max risk; ROI on premium collected = -76%.
On max risk; ROI on premium collected = -139%
On max risk; ROI on premium collected = -25%. This was an oversight on my part; I thought we had entered the put spread leg of this trade at a higher net credit. We’ve since tightened our 3-leg rule to require at least ~15–30% financing of the call cost.
On premium collected; ROI on max risk = 53%.
On premium collected; ROI on max risk = 73%.
On premium collected; ROI on max risk = 53%.
On premium outlay; ROI on max risk = 137%.
On premium outlay; ROI on max risk = 103%.
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.
Options
Last week, we had 18 exits, and only one loss: our QQQ hedge expiring worthless. No such luck this week. I thought of adding a new hedge last Friday, but didn’t get around to it, and of course this week is when we ran into turbulence, causing us to take losses on a number of our put spread legs. We did get some good entries on new trades though, so hopefully those will pay off over the next several months.