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 a spreadsheet. These are the trades I exited this week.
Clicking on one of the exit cards should take you to the original alert where we mentioned the trade; exits will be documented in the comments on the dates they occurred.
Stocks or Exchange Traded Products
None.
Options
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Comments
Stocks or Exchange Traded Products
No exits this week, as I’ve focused on options instead of our basic strategy, which involves buying stocks and ETFs. Nevertheless, the performance of our Top Names remains strong, as you can see here.
Options
Four of this week’s cards represent completed trades: a 45% loss on Cameco, followed by gains of 43% on Urban Outfitters, 69% on Coherent, and 138% on Capricor Therapeutics. The remaining cards are partial exits, not completed trades.
Most of those partial exits were short calls bought back at $0.20 or less, removing the cap from their corresponding long calls. Those uncapped calls will now move into our new weekly Runner Review process, where I’ll recalculate targets more frequently to reduce the risk of giving back large gains.
Tenax Therapeutics was the exception: its put spread reached its maximum loss through assignment and exercise, while its September $20 call remains open.