Exits, 4/10/2026
How we did on the trades we exited last 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 Riot Platforms (RIOT 0.00%↑). Entered at a net credit of $1.42 as part of a 3-leg combo on 12/9/2025; exited at a net debit of $0.20 on 4/8/2026. Profit: 86% (return on max risk: 21%). Signal: PA Top Names.
Put spread on Micron Technology (MU 0.00%↑). Entered at a net credit of $1.77 as part of a 4-leg combo on 3/3/2026; exited at a net debit of $0.20 on 4/8/2026. Profit: 89% (return on max risk: 49%). Signal: PA Top Names.
Put spread on Intel Corp. (INTC 0.00%↑). Entered at a net credit of $1.75 as part of a 4-leg hybrid combo on 2/18/2026; exited at a net debit of $0.20 on 4/10/2026. Profit: 89% (return on max risk: 39%). Signal: PA Top Names.
Put spread on Almonty Industries (ALM 0.00%↑). Entered at a net credit of $2.29 as part of a 4-leg hybrid combo on 2/23/2026; exited at a net debit of $0.20 on 4/9/2026. Profit: 91% (return on max risk: 47%). Signal: Market Watchers.
Put spread on Energy Fuels (UUUU 0.00%↑). Entered at a net credit of $2.55 as part of a 3-leg combo on 11/21/2025; exited at a net debit of $0.12 on 4/8/2026. Profit: 95% (return on max risk: 168%). Signal: PA Top Names.
4-leg combo on ITT (ITT 0.00%↑). Entered at a net debit of $3.35 on 10/13/2025. Exited the put spread at a net debit of $0.20 on 10/29/2025, and exited the call spread at a net credit of $16.00 on 4/8/2026. Profit: 372% (147% on max risk). 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 nearly doubled that of the SPDR S&P 500 Trust (SPY 1.32%↑) since I launched this Substack in December of 2022.
Options
This week’s exits were closely tied to the market’s reaction to the tentative ceasefire announced Tuesday evening in the Iran war. By Wednesday morning, oil had plunged, stocks were ripping higher, and several of the downside-financing put spreads in our open combos had become cheap enough to buy back at substantial profits. That was the case with RIOT, MU, UUUU, and ITT, and it was a good reminder that macro events can sometimes accelerate the timetable on these financing-leg exits.
More broadly, these trades again showed how useful these structures can be in a market that remains headline-driven and unstable. In several cases, we were able to remove downside-financing put spreads for large gains while keeping the longer-dated bullish legs alive. That was also true with INTC and ALM later in the week. The financing legs did exactly what they were supposed to do: they reduced our net cost, helped define our risk, and then came off for strong profits as expiration approached.
The standout this week was ITT. There, the put spread had already been exited months ago, and the remaining call spread ultimately produced a large gain. Like some of our other recent full exits, that trade is a good reminder that once the financing leg has done its job, it can make sense to stay patient with the bullish leg if the underlying thesis is still working. Sometimes the biggest payoff comes only after the hedge has already been peeled off.
The larger lesson this week is the same one these structures keep reinforcing: when we combine a strong underlying thesis with disciplined entries, defined risk, and preset exits, we put ourselves in a position to benefit not just from stock-specific moves, but also from abrupt macro shifts like this week’s ceasefire relief rally.