Exits, 7/25/2025
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 Oscar Health (OSCR 1.02%↑). Entered at a net debit of $0.25 on 6/30/2025; expired worthless on 7/25/2025. Loss: 100%.
Call spread on Honeywell (HON -0.90%↓). Entered at a net debit of $2.30 on 7/2/2025; expired worthless on 7/25/2025. Loss: 100%.
Call on EOG Resources (EOG -0.47%↓). Bought for $2.28 on 6/16/2025; expired worthless on 7/25/2025. Loss: 100%.
Call spread on Celestica (CLS 1.80%↑). Entered at a net debit of $1.20 on 6/30/2025; exited at a net credit of $2.45 on 7/25/2025. Profit: 104%.
LEAPS on Sana Biotechnology (SANA -5.73%↓). Bought for $0.89 on 5/13/2025; sold (a quarter) at $3.30 on 7/25/2025. Profit: 271%.
Stocks or Exchange Traded Products
No exits this week, as I haven’t gotten back into our core strategy directly yet (instead, I have sold puts on top names as part of risk-reversals, which ties up an similar amount of money), but since I started this Substack in December of 2022, our top names have averaged returns of 16.23% over the next six months, versus SPY’s average of 9.25%.
Options
Oscar Health (OSCR 1.02%↑) was both a PA top name and a Market Watchers favorite that has been an absolute dog.
Honeywell (HON -0.90%↓) was an idea from a momentum options trader on the Market Watchers list, whom I have since removed from the list.
EOG Resources (EOG -0.47%↓) calls were our oil hedge in the event Iran tried to close the Strains of Hormuz during the 12-Day War. They didn’t, and oil has been languishing under $70 per barrel.
Celestica (CLS 1.80%↑) was our top PA name at the time.
Sana Biotechnology (SANA -5.73%↓) I am still bullish on, just de-risking a bit here. I will probably add another bullish bet if we get another pullback in it next week.