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 Credo Technology Group (CRDO 1.56%↑). Entered at a net credit of $2.35 as part of a 4-leg combo on 8/15/2025; exited at a net debit of $0.20 on 9/8/2025. Profit: 91%.1
Combo (4-leg) on AeroVironment (AVAV 5.90%↑). Entered at a net debit of $1.85 on 9/9/2025; exited at a net credit of $5 on 9/11/2025. Profit: 170%.
On premium. Return on risk was 81%.
Comments
Stocks or Exchange Traded Products
No exits this week, but the performance of our system’s top names remains strong, with our most recent weekly top names cohort to finish its 6-month run up 38.54%, versus 12.94% for the SPDR S&P 500 Trust (SPY 0.00%↑) over the same time frame.
So far, we have 6-month returns for 115 weekly top names cohorts since we started this Substack at the end of December, 2022, and our top names have averaged returns of 16.32% over the next six months, versus SPY’s average of 9.13%, as you can see here.
Options
Exit 1. exemplifies how our new approach of harvesting elevated implied volatility works in our favor. This was the original trade:
Today’s First Top Names Trade
The company is Credo Technology Group (CRDO 0.54%↑), and our trade is a combo consisting of these four legs:
Buying the $135 strike call expiring on January 16th, 2026,
Selling the $155 strike call expiring on January 16th, 2026,
Selling the $110 strike put expiring on September 19th, 2025, and
Buying the $105 strike put expiring on September 19th, 2025,
For a net debit of $3.10. The max gain on 1 contract is $1,661.67, the max loss is $810, and the break even is with CRDO at $108.97. This trade filled at $2.97.
Note that the max gain per contract here was $1,661.67, and the max loss was $810. After this week’s exit, our max gain here now is $1,670, and our max loss drops from $810 to $330. And CRDO closed at $161.99 today, well above the top leg of our call spread, $155. So if just goes sideways from here to January, we’re on track for a max profit.
Our Top Names Available Every Day
As a reminder, our top names are available weekly on this Substack, and daily for subscribers to our website and iPhone app’s top names feature.
