Exits, 8/29/2025
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 Applied Digital (APLD 2.67%↑). 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 8/26/2025. Profit: 39%.1
Put spread on Iris Energy (IREN 0.50%↑). Entered at a net credit of $1.60 on 7/24/2025; exited at a net debit of $0.20 on 8/26/2025. Profit: 88%2.
Calls on Energy Fuels, Inc. (UUUU 7.25%↑). Bought for $1.85 as part of a risk-reversal with a floor on 8/12/2025; sold (half) for $3.50 on 8/26/2025. Profit: 89%.
Calls on UP Fintech Holding Ltd (TIGR 6.16%↑). Bought for $1.10 on 6/9/2025; sold (second half) for $3.20 on 8/28/2025. Profit: 191%.
On premium; profit was 19% on max risk.
On premium; profit was 74% on max risk.
Comments
Stocks or Exchange Traded Products
No exits this week, but the performance of our system’s top names remains strong. Our top names from February 27th returned 18.81%, on average, over the next six months, versus 9.98% for the SPDR S&P 500 Trust (SPY 0.00%↑).
So far, we have 6-month returns for 114 weekly top names cohorts since we started this Substack at the end of December, 2022, and our top names have averaged returns of 16.13% over the next six months, versus SPY’s average of 9.10%.
Options
Exits 1 and 2 exemplify our new emphasis on harvesting high implied volatility. Applied Digital (APLD 2.67%↑) was one of the two top names we entered trades on using that approach in this post.
If You Want To Add Downside Protection Here
As a reminder, you can use the Portfolio Armor website or iPhone app to scan for the optimal hedges given your risk tolerance and time frame.
