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
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 below.
Options
More Early Exits
As I noted last week, we may see more losing trades appear in non-OpEx weeks as a consequence of the weekly options reviews we introduced recently.
We saw more of that this week. MP was the week’s largest loss at 93% of maximum risk. Its February put-spread exit absorbed most of the structure’s risk budget, and the remaining September call spread produced only a $0.02 credit.
The standout result this week was the QURE call calendar. We entered it for a $2.61 net debit and exited it for a $6.50 net credit, a 149% gain on premium outlay, while the January $20/$15 put spread remains open. SITE and STVN also finished positively at 44% and 43% returns on maximum risk, respectively. In both cases, staged exits let the remaining call exposure recover losses elsewhere in the structures.
The short-call exits in KLIC, ANIP and MEI locked in 98%, 94% and 75% of the premiums collected. Those exits created or expanded uncapped exposure that now enters our runner-monitoring process.