Exits, 8/22/2025
How we did on the trades we exited this 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 the CBOE Volatility Index (VIX). Entered at a net debit of $0.04 on 7/28/2025; expired worthless on 8/22/2025. Loss: 100%.
Puts on Invesco QQQ Trust (QQQ 1.36%↑). Bought for $2.27 on 7/14/2025; expired worthless on 8/22/2025. Loss: 100%.
Put spread on BlackSky Technology (BKSY 7.81%↑). Entered at a net credit of $2.09 on 7/25/2025; exited at a net debit of $4 on 8/22/2025. Loss: 91%.
Put spread on Applied Digital (APLD 4.61%↑). Entered at a net credit of $0.33 as part of a 4-leg combo on 8/18/2025; exited (half) at a net debit of $0.20 on 8/22/2025. Profit: 39%1.
Call spread on Futu Holdings (FUTU -2.24%↓). Entered at a net debit of $5.15 on 7/15/2025; exited at a net credit of $14 on 8/18/2025. Profit: 172%.
Calls on UP Fintech Holding Ltd (TIGR 9.21%↑). Bought for $1.10 on 6/9/2025; sold for $3.30 on 8/22/2025. Profit: 200%.
39% on net credit; 19% on max risk.
Comments
Stocks or Exchange Traded Products
No exits this week. You can see the most recent performance for our top names below.
Options
Exit #1 here was a lotto ticket bet on volatility collapsing over the next month, which didn’t happen.
Exit #2, the Invesco QQQ Trust (QQQ 1.36%↑) puts, were a hedge against a market collapse that didn’t happen (and we didn’t expect to happen, just wanted to insure against). We used the Portfolio Armor iPhone app to scan for those, and will do so again soon.
Exit #3, was a bullish bet on BlackSky Technology (BKSY 7.81%↑). Military tech stocks seem to have suffered recently, thanks to President Trump’s peacemaking efforts.
Exits #5 and #6, Futu Holdings (FUTU -2.24%↓) and UP Fintech Holding Ltd (TIGR 9.21%↑), were on Greater China brokerage/fintech names. We added a new bullish trade on TIGR earlier this week.
