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.
Our year-to-date trade performance through September 25 appears below.
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
ATAI’s accelerated-expiration settlement occurred September 18. Fidelity notified us this week, so we’re recording the exit here.
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
Rocket Lab was our one completed losing trade this week. Closing its October $85/$105 call spread for a $0.85 net credit locked in a 23% loss on the original maximum risk. Our other four full trade exits were winners, including our 4-leg hybrid combo on Ouster, which had a 224% return on risk. Ouster has been a repeat winner for us, and one recurring weekly task of our AI watchdog is to make sure that names like Ouster remain on our watchlist after profitable exits, so we can enter a new trade on them next time they pass our screens.
New to Portfolio Armor? “Start Here” explains how we select trades, size their maximum risk and manage the exits.
