Exits, 3/6/2026
Trading through Epic Fury: 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 uniQure. (QURE 0.00%↑) Entered at a net credit of $1.81 as part of a 4-leg combo on 11/25/2025; assigned/exercised on 3/4/2026. Loss: 100% of max risk (176% on premium collected). Signal: Multibaggers.
Put spread on MongoDB, Inc. (MDB 0.00%↑) Entered at a net credit of $3.94 as part of a 4-leg combo on 1/20/2026; assigned/exercised on 3/4/2026. Loss: 100% of max risk (65% on premium collected). Signal: PA Top Names.
Put spread on The Gap (GAP 0.00%↑). Entered at a net credit of $0.63 as part of a 4-leg hybrid combo on 2/10/2026; exited at a net debit of $2.20 on 3/6/2026. Loss: 47% of max risk (249% of premium collected). Signal: PA Top Names.
Put spread on Warner Bros. Discovery (WBD 0.00%↑). Entered at a net credit of $1.00 as part of a 3-leg combo on 12/23/2025; the short March $29 put was assigned and the resulting shares were sold at $27.88 on 3/5/2026; the long March $26 put was sold for $0.01 on 3/6/2026. Loss: 6% of max risk (11% on premium collected). Signal: PA Top Names.
Short calls on CEMEX (CX 0.00%↑). Sold-to-open for $0.40 as part of a 4-leg combo on 2/24/2026; bought-to-close for $0.10 on 3/3/2026. Profit: 75%. Signal: PA Top Names.
Short call on Photronics (PLAB 0.00%↑). Sold-to-open for $1.27 as part of a 4-leg hybrid combo on 2/13/2026; bought-to-close for $0.20 on 3/5/2026. Profit: 84%. Signal: Market Watchers.
Put spread on AST SpaceMobile. (ASTS 0.00%↑) Entered at a net credit of $1.90 as part of a 4-leg combo on 2/11/2026; exited at a net debit of $0.20 on 3/4/2026. Profit: 89% (return on max risk: 55%). Signal: PA Top Names.
Put spread on nLIGHT. (LASR 0.00%↑) Entered at a net credit of $2.15 as part of a 4-leg combo on 2/4/2026; exited at a net debit of $0.20 on 3/4/2026. Profit: 91% (return on max risk: 64%). Signal: Market Watchers.
Short call on The Gap (GAP 0.00%↑). Sold-to-open for $0.59 as part of a 4-leg hybrid combo on 2/10/2026; expired worthless on 3/6/2026. Profit: 100%. Signal: PA Top Names.
Calls on Nokia Corp. (NOK 0.00%↑). Bought for $0.80 as part of a 3-leg combo on 1/21/2026; sold half for $2.50 on 3/2/2026. Profit: 213%. Signal: PA Top Names.
3-leg combo on AXT (AXTI 0.00%↑). Entered for a net debit of $2.45 on 12/29/2025; exited the February $15/$10 put spread at a net debit of $0.20 on 2/9/2026; sold the August $20 call for $28.50 on 3/2/2026. Profit: 1,055% (return on max risk: 338%). Signal: Market Watchers.
3-leg combo on Viavi Solutions (VIAV 0.00%↑). Entered for a net debit of $1.15 on 1/9/2026; exited the February $17/$15 put spread at a net debit of $0.16 on 1/28/2026; sold half of the June $19 calls for $11.20 on 2/27/2026 and the second half for $16.00 on 3/2/2026. Profit: 1,069% on premium outlay (return on max risk: 372%). Signal: PA Top Names.
Comments
Stocks or Exchange Traded Products
No exits this week, as I haven’t been doing our basic strategy, which involves buying stocks and ETFs, and have been focusing on options instead. Nevertheless, the performance of our system’s top names have more than doubled that of the SPDR S&P 500 Trust (SPY 1.32%↑) since I started this Substack. Here’s the performance of our last weekly Top Names cohort to finish its 6-month run:
You can find the performance of all 141 weekly Top Names cohorts that have finished their 6-month runs here.
Options
In our post earlier today, we wrote about trading through the first week of Operation Epic Fury, the U.S.-Israel war against Iran.
This week’s exits show that, even in a market rattled by war headlines, our core approach is still working. We had a mix of outcomes, including a couple of full-loss put spreads on uniQure and MongoDB, but overall the balance was solid: 8 of our 12 full or partial exits this week were profitable, and several were highly so. Among the standouts were our exits on AXT and Viavi Solutions, which returned more than 1,000% on premium outlay, along with a 213% partial profit on Nokia.
Just as importantly, several of those gains came from the same kind of options structures we’ve been using to navigate this more volatile tape: trades that harvested high near-term implied volatility to finance longer-dated upside. That didn’t make every trade a winner, but it did help tilt the odds in our favor in a market where sharp single-stock moves have become more common. We’ll keep looking for names from our best sources of alpha, including Portfolio Armor’s Top Names and our Market Watchers list, and we’ll keep structuring trades with the same goal: defining risk, harvesting volatility when we can, and staying positioned for upside when our core themes continue to play out.