Exits, 6/13/2025
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
Call spread on the CBOE Volatility Index (VIX). Entered at a net debit of $0.17 on 6/12/2025; exited (half) at a net credit of $0.26 on 6/13/2025. Profit: 53%.
Put spread on Futu Holdings (FUTU -3.97%↓). Entered at a net credit of $3 on 3/31/2025; exited (second half) at a net debit of $0.20 on 6/11/2025. Profit: 140%.
Call spread on the CBOE Volatility Index (VIX). Entered at a net debit of $0.17 on 6/12/2025; exited (half) at a net credit of $0.44 on 6/13/2025. Profit: 159%.
Comments
Stocks or Exchange Traded Products
No exits this week, as I haven’t gotten back into our core strategy yet (probably will next week), but since I started this Substack in December of 2022, our top names have averaged returns of 16.63% over the next six months, versus SPY’s average of 9.55%.
Options
CBOE Volatility Index (VIX). This was a hedge against war breaking out between Israel and Iran. Initially, I sold half of these contracts today and was going to hold the other half over the weekend; in hindsight, maybe I should have, as Iran’s missile attack happened later in the day.
Futu Holdings (FUTU -3.97%↓). One of the contrarian bullish trades we entered during the bear market a few months ago.
If You Are Concerned About Market Risk
If you’re worried the Israel-Iran business might spiral out of control, as a reminder, you can use the Portfolio Armor iPhone app (or website) to find the optimal hedges, given your time frame and risk tolerance, to protect your investments.
