Exits, 1/2/2026
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
None.
Options
Put spread on iShares Ethereum Trust (ETHA 0.00%↑). Entered at a net credit of $1.15 on 9/29/2025 as part of a 3-leg combo; the $32 puts were assigned and the $30 puts were exercised on 12/31/2025, realizing the full $0.85-per-share max loss. Loss: 100% of max risk (74% of premium collected).
3-leg combo on Twist Bioscience (TWST 0.00%↑). Entered at a net debit of $2.20 on 10/29/2025; exited the put spread at a net debit of $4.20 on 11/21/2025, and sold the calls for $0.60 on 12/29/2025.
Loss: 81% of max risk (264% of premium outlay).Calls on Applied Digital (APLD 0.00%↑). Sold to open at $2.66 as part of a 4-leg hybrid combo on 11/12/2025; bought to close at $0.20 on 12/29/2025.
Gain: 92% of premium collected.
Comments
Stocks or Exchange Traded Products
No exits this week, but our system’s top names continue to outperform, as I noted on New Year’s Eve:
Options
I’m still bullish on Twist Bioscience, but this was a bad entry. I have no idea what’s going on with ETH. As I’ve written before, it seems like crypto needs another catalyst, but I’m not sure what that will be (the last one was crypt-friendly Trump being reelected).