Exits, 1/9/2026
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
Calls on Cerence (CRNC 2.86%↑). Bought for $2.95 on 7/2/2025; sold for $2.65 on 1/8/2026. Loss: 10%.
Calls on InMode (INMD 0.00%↑). Sold for $0.46, as part of a 4-leg hybrid combo on 12/9/2025; bought back for $0.20 on 1/9/2026. Profit: 56% on premium collected.
Put spread on Mueller Industries (MLI 0.00%↑). Entered at a net credit of $1.68, as part of a 4-leg combo on 11/19/2025; exited at a net debit of $0.20 on 1/9/2026. Profit: 88% on premium collected (45% on max risk).
Put spread on Applied Digital (APLD 0.00%↑). Entered at a net credit of $2.25, as part of a 4-leg combo on 11/12/2025; exited at a net debit of $0.20 on 1/18/2026. Profit: 91% on premium collected (75% on max risk).
3-leg combo on iShares MSCI Chile ETF (ECH 0.00%↑). Entered at a net debit of $1.85 on 11/14/2025; exited the put spread at a net debit of $0.05 on 12/11/2025; exited half the calls at $4.30 on 1/6/2026; exited the second half at $5 on 1/8/2026. Profit: 149% on premium outlay (70% on max risk).
Call on TechnipFMC (FTI 0.00%↑). Bought for $3.30, as part of a 3-leg combo on 11/20/2025; sold for $9.50 on 1/9/2026. Profit: 188%.
Stocks or Exchange Traded Products
No exits this week, but our system’s top names continue to outperform, as I noted in last night’s Top Names post:
Options
The Cerence (CRNC 2.86%↑) trade is an interesting one because it dates before we started using structures like 3-leg combos in lieu of simply buying calls. Those combos reduce the cost of trades and lower our break-even points. Had we used one in this case, we would likely have had a modest profit instead of a loss.