Exits, 1/23/2025
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
Put spread on Silvercorp Metals (SVM 0.00%↑). Entered for a net credit of $0.69, as part of a 3-leg combo on 12/10/2025; exited at a net debit of $0.15 on 1/20/2026. Profit: 78% on premium collected (30% on max risk).
Put spread on TIM S.A. (TIMB 0.00%↑). Entered for a net credit of $0.38 as part of a 3-leg combo on 11/19/2025; exited at a net debit of $0.08 on 1/22/2026. Profit: 79% on premium collected (8% on max risk).
Put spread on Gold Fields (GFI 0.00%↑). Entered for a net credit of $1.66, as part of a 4-leg combo on 10/28/2025; exited at a net debit of $0.20 on 1/21/2026. Profit: 88% on premium collected (44% on max risk).
Put spread on Corning (GLW 0.00%↑). Opened for a net credit of $1.72 as part of a 4-leg combo on 11/17/2025; bought back the put spread for $0.20 on 1/23/2026. Profit: 88% (46% of max risk).
Calls on Sibanye Stillwater (SBSW 0.00%↑). Bought for $2.12 as part of a 3-leg combo on 10/20/2025; sold half at $6.40 on 1/21/2026. Profit: 202%.
3-leg combo on Intel (INTC 0.00%↑). Entered at a net debit of $2.55 on 9/26/2025; exited the Oct ’25 36P–34P put spread at a net debit of $0.20 on 10/24/2025; sold the first half of the Mar ’26 42 calls at $8.00 on 1/13/2026; sold the second half of the Mar ’26 42 calls at $10.50 on 1/21/2026. Profit: 255% on premium outlay (140% on max risk).
Calls on USA Rare Earth (USAR 0.00%↑). Bought for $1.87, as part of a 3-leg combo on 12/4/2025; sold the first half of the calls for $10.00 on 1/23/2026. Profit: 435%.
3-leg combo on CEMEX (CX 0.00%↑). Entered at a net debit of $0.35 on 10/7/2025; exited the Nov ’25 9P–8P put spread at a net debit of $0.20 on 10/14/2025; sold the first half of the Apr ’26 10 calls at $1.50 on 11/28/2025; sold the second half of the Apr ’26 10 calls at $3.00 on 1/21/2026. Profit: 486% on premium outlay (117% on max risk).
3-leg combo on Nexa Resources (NEXA 0.00%↑). Entered at a net debit of $0.55 on 11/14/2025; sold the first half of the Jun ’26 7.50 calls at $2.50 on 12/26/2025; exited the Mar ’26 5P–2.50P put spread at a net debit of $0.05 on 1/12/2026; sold the second half of the Jun ’26 7.50 calls at $5.50 on 1/21/2026. Profit: 618% on premium outlay (111% on max risk).
4-leg combo on SanDisk (SNDK 0.00%↑). Entered at a net debit of $1.78 on 12/4/2025; exited the Mar ’26 250–270 call spread at $16.00 on 1/15/2026; exited the Mar ’26 180–175 put spread at a net debit of $0.20 on 1/21/2026. Profit: 788% on premium outlay (188% on max risk).
Stocks or Exchange Traded Products
No exits this week, but our system’s top names continue to outperform, as I noted in today’s belated Top Names post:
Options
A great week. Profitable exits on a number of trades we got into in the dark days of the momentum stocks crash of last fall. Interestingly, we exited our Intel (INTC 0.00%↑) trade right before the stock fell double digits after posting earnings this week. That looks like perfect timing, in hindsight, but in reality was just the result of our process. We have a quantitative method of determining what price to sell the second tranche of calls on successful trades, and the market hit our price in the run-up to Intel’s earnings.
We also have quantitative methods to determine when to get back into names like Intel, so we can repeat the process.