Exits, 8/8/2025
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
Call spread on Eli Lilly (LLY -3.96%↓) ($795-$805). Entered at a net debit of $3.30 on 7/29/2025; expired worthless on 8/8/2025. Loss: 100%.
Call spread on Eli Lilly (LLY -3.96%↓) ($810-$820). Entered at a net debit of $2.50 on 7/29/2025; expired worthless on 8/8/2025. Loss: 100%.
Call spread on Fortinet (FTNT -3.65%↓). Entered at a net debit of $3.98 on 7/7/2025; exited at a net credit of $0.03 on 8/8/2025. Loss: 99%.
Call spread on Tempus AI (TEM 0.00%↑). Entered at a net debit of $1.60 on 7/29/2025; exited at a net credit of $0.80 on 8/8/2025. Loss: 50%.
Call spread on AppLovin (APP 3.25%↑). Entered at a net debit of $5 on 6/2/2025; exited at a net credit of $7 on 8/8/2025. Profit: 40%.
Put spread on Rocket Lab (RKLB -4.89%↓). Entered at a net credit of $2.65 on 7/28/2025; exited at a net debit of $1.55 on 8/8/2025. Profit: 42%*.
Put spread on Celsius (CELH -2.43%↓). Entered at a net credit of $0.60, as part of a 4-leg combo, on 8/5/2025; exited at a net debit of $0.13, on 8/7/2025. Profit: 78%**.
Call spread on Powell Industries (POWL 4.84%↑). Entered at a net debit of $6 on 5/27/2025; Exited at a net credit of $13.45 on 8/6/2025. Profit: 124%.
Calls on SSRM Mining (SSRM -2.92%↓). Bought for $1.75 on 5/22/2025; sold (half) for $4 on 8/7/2025. Profit: 129%.
Call spread on Hinge Health (HNGE 11.00%↑). Entered at a net debit of $1.90 on 6/30/2025; exited at a net credit of $4.45 on 8/6/2024. Profit: 134%.
Calls on Halozone Therapeutics (HALO 1.60%↑). Bought for $2.40 on 5/13/2025; sold (half) at $5.80 on 8/6/2025. Profit: 142%.
Calls on Evolv Technologies Holdings (EVLV 2.39%↑). Bought for $0.76 on 6/17/2025; sold (half) at $2 on 8/8/2025. Profit: 163%.
Call spread on Viasat (VSAT 28.56%↑). Entered at a net debit of $1 on 7/15/2025; exited at a net credit of $2.74 on 8/6/2025. Profit: 174%.
Call spread on Hims & Hers Health (HIMS -1.30%↓). Entered at a net debit of $3.50 on 6/24/2025; exited at a net credit of $10, on 8/5/2025. Profit: 186%.
Call spread on Centrus Energy (LEU 7.03%↑). Entered at a net debit of $6 on 6/9/2025; exited at a net credit of $19.50 on 8/6/2025. Profit: 225%.
*Profit on the spread premium was 42%; return on maximum risk (the width of the spread) was 25%.
**Profit on the spread premium was 78%; return on maximum risk (the width of the spread, $4) was 14%.
Comments
Stocks or Exchange Traded Products
No exits this week, but our system’s top names continue to perform well. Our top names from February 6th returned 16.57%, on average, over the next six months, versus 4.36% for the SPDR S&P 500 Trust (SPY 0.00%↑).
Since I started this Substack in December of 2022, PA’s top names have averaged returns of 16.25% over the next six months, versus SPY 0.66%↑’s average of 9.16%.
Options
A busy week for us, partly due to the packed earnings calendar, but a good one, with 11 out of 15 exits being profitable. Of the unprofitable ones, I entered the Eli Lilly (LLY -3.96%↓) trades after seeing a comment by someone on our Market Watchers X list (who runs the #1 finance Substack, as it turns out) say that they would crush earnings this week. They did, but the stock got crushed anyway. Between LLY this week and UNH last week, big cap healthcare/health insurance hasn’t been kind to us. We had better luck with Halozone Therapeutics (HALO 1.60%↑) and Hims & Hers Health (HIMS -1.30%↓)—what those two trades had in common is we entered both on days the respective stocks had tanked.
If You Want To Add Downside Protection
As a reminder, you can do so using the Portfolio Armor website or iPhone app.
Prices Are Going Up
Subscription prices for the Portfolio Armor Substack are going up from $30 per month/$300 per year to $40 per month/$400 per year on Wednesday, but current subscribers will be grandfathered into the current price. So consider joining now. If you join and change you're mind, I'll be happy to give you a prorated refund at anytime.