Exits, 6/29/2024
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. These are the trades I exited this week.
Stocks or Exchange Traded Products
Xiaomi ($XIACY). Bought for $9.93 per share on 4/8/2024; stopped out at $10.51 per share on 6/27/2024. Profit: 5.8%
Options trades
None.
Comments
Stocks or Exchange Traded Products
Xiaomi wasn’t one of our top ten names, but one of three EV trades we entered in April.
Trade Alert: EVs
Betting On Three EV-Makers The first one is the most obvious one, Tesla (). Its shares are down about a third year-to-date (YTD). First it missed its Q4 earnings, and then it posted an 8.5% year-over-year decline in 1st quarter deliveries, driven in part by shutdowns of its Giga Berlin factory. Tesla shares were trading at close to $250 at the end of 202…
The other two, Tesla (TSLA 0.00%↑) and Rivian (RIVN 0.00%↑), were up on the week. Maybe we’ll revisit Xiaomi at some point.
Options
We also had two options trades on track for ~200% gains this week.
We entered a new trade with a similar elements to those two on Friday:
Trade Alert: Top Names + Post Earnings
Two Recent Trades On Track For ~200% Gains We currently have two bullish options trades on track for ~200% gains: This one, on a recent Portfolio Armor top ten name, Carvana (). And this one, on a stock that got punished post-earnings, Salesforce ().