Exits, 12/12/2025
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 Products
Frequency Electronics (FEIM 0.00%↑): Bought at $20.60 on 7/14/2025; sold at $38.00 on 12/12/2025. Profit: 84%.
Options
Put spread on Oracle (ORCL 0.00%↑): Entered at a net credit of $3.77, as part of a 4-leg combo, on 10/22/2025; exited the put spread via assignment (net debit of $10.00) on 12/12/2025. Loss: 100% on risk (165% on premium).
Put spread on iShares MSCI Chile ETF (ECH 0.00%↑): Entered at a net credit of $0.18, as part of a 3-leg combo, on 11/14/2025; exited at a net debit of $0.05 on 12/11/2025. Profit: 72% (7% on risk).
Call spread on ATI Inc. (ATI 0.00%↑): Entered at a net debit of $5.40 on 7/10/2025; exited at a net credit of $12.00 on 12/11/2025. Profit: 122%.
Comments
Stocks or Exchange Traded Products
FEIM came from our Market Watchers list—since it has no options traded on it, it’s not part of the universe Portfolio Armor draws from to select its top names. Nevertheless, our top names have continued their strong performance, as you can see in last night’s update and in the chart below.
Since December of 2022, across 128 rolling 6-month periods, our top names have averaged returns of 20.42% over the next six months, versus SPY’s average of 10.17%. You can see an interactive version of the table above here, where you can click on each date and see a chart showing each of the holdings that week.
Options
We took a loss this week on the put spread part of a 4-leg combo we entered on ORCL in October; the call spread part of the combo expires in April, so if Oracle comes roaring back before then, there’s a chance we could still end up in the black on the combo as a whole. Probably not, but we’ll see. On the other hand, we had a profitable exit from our call spread in ATI. That one we entered in early July, which was before we started doing 4-leg combos. We would have made a bigger profit there had we done a 4-leg combo instead of just a call spread, but I’m not going to complain about a 122% gain over five months.
Our System’s Top Names Available Every Day
As a reminder, I post Portfolio Armor’s top names weekly here for paid subscribers (on Thursday nights, except when market holidays or other issues preclude that), but they’re available daily for subscribers to the Portfolio Armor website and the top names feature on our iPhone app.
