Exits, 12/26/2025
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
None.
Options
Calls on Freeport-McMoRan (FCX 0.00%↑). Bought for $5.35, as part of a 3-leg combo on 10/10/2025; sold (half) for $10.05 on 12/26/2025. Profit: 88%.
Calls on Nexa Resources (NEXA 0.00%↑). Bought for $0.75, as part of a 3-leg combo on 11/14/2025; sold (half) for $2.50 on 12/26/2025. Profit: 233%.
Call spread on Rocket Lab (RKLB 4.62%↑). Entered at a net debit of $3.05 on 7/28/2025; exited at a net credit of $12 on 12/23/2025. Profit: 293%.
Comments
Stocks or Exchange Traded Products
No exits this week, but our system’s top names continue to outperform, as I noted on Christmas Eve:
Options
Not bad for a holiday-shortened week: three profitable exits. Rocket Lab benefited from President Trump’s space announcement last week, as we noted at the time.
Trade Alert: To The Moon
President Trump announced last week that his administration will accelerate U.S. space and defense initiatives, including a renewed push toward a return to the Moon as part of a broader strategy around satellite infrastructure and national security–related communications. That announcement sparked a sharp rally across the space complex, including a nearly
And Nexa Resources benefited from the parabolic move in silver this week. One slightly frustrating development has been the fairly modest moves in miners relative to the metals they mine recently—this has been true of the silver miners as well as platinum and palladium miners we have open positions in.
In metals bull markets, the miners tend to do even better than the metals, as they are operationally levered to them (a gain of X% in the price of the metal leads to a gain of >X% in miners’ profits because their costs tend to remain stable while their revenues rise). I suspect it’s because the stock market isn’t yet convinced that the high metals prices will last. I wonder if our miners might benefit from a 5% or 10% correction in metals followed by a sideways grind for a bit, but I guess we’ll see.
A Belated Gift Idea
