Exits: 5/2/2025

How we did on the trades we exited this week.

Dids/Pexels

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

1. Puts on SolarEdge Technologies (SEDG 6.48%↑). Bought for $1.04 on 4/14/2025; sold for $0.05 on 5/2/2025. Loss: 95%.

2. Put spread on Robinhood Markets (HOOD 5.91%↑) ($50-$45). Entered at a net credit of $3 on 3/27/2025; exited at a net debit of $2.05 on 5/2/2025. Profit: 48%.

3. Put spread on Hims & Hers Health (HIMS 11.38%↑). Entered at a net credit of $2.58 on 3/27/2025; exited for a net debit of $1.70 on 5/2/2025. Profit: 62%.

4. Put spread on Palantir Technologies (PLTR -2.15%↓). Entered at a net credit of $2.80 on 3/7/2025; exited at a net debit of $0.30 on 5/1/2025. Profit: 114%.

5. Put spread on Robinhood Markets (HOOD 5.91%↑) ($46-$42). Entered at a net credit of $2.70 on 3/12/2025; exited at a net debit of $0.80 on 5/2/2025. Profit: 146%.

Comments

Stocks or Exchange Traded Products

No exits this week, but since we started this Substack in December of 2022, our top names have averaged returns of 17.19% over the next six months, versus SPY’s average of 10.92%.

Options

The first of these trades (SolarEdge) was bearish; the rest were bullish credit put spreads. Our puts on SolarEdge were in the black earlier this week, but nine straight up days for the market made that trade a loser for us. I took some profits early on a few of the other trades here, in the event we see another leg down in the market before those options expire.

Adding Downside Protection

If Monday ends up being another up day, consider taking the opportunity to hedge. If you're not sure exactly what to do, you can simply divide the dollar amount of your portfolio by the current price of SPY 1.68%↑, round it up to the nearest hundred, and then enter that in the Portfolio Armor iPhone app along with your risk tolerance, to find the optimal put options to give you the protection you need at the lowest possible cost.

As a reminder, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below (or by tapping here, if you're reading this on your phone). Our app can help you find the least expensive hedges given your risk tolerance and time frame.