Exits, 9/29/2023
How we did on the trades we exited this week--plus, a deal on Peloton.
Dids/Pexels
Last Week’s (And Today’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. These are the trades I exited last week or today:
Stocks or Exchange Traded Products
None
Options Trades
Puts on BRC, Inc.’s (BRCC 0.00%↑). Bought at $0.95 on 3/29; sold on 9/29 at $1.45. Profit: 53%.
Comments
Black Rifle Coffee
BRC, Inc. is the parent company of Black Rifle Coffee, which has a lurid backstory you can read here.
Trade Alert: “Fake And Gay”
On The Phrase “Fake and Gay” The “gay” in the online phrase “fake and gay” can mean “stupid” rather than “homosexual”, but in the case of our most recent bearish bet, both meanings might apply. This a consumer staples brand that markets itself to conservatives as a macho alternative to liberal brands in the same category, via gratuitous use of guns, cam…
Peloton
After Peloton (PTON 0.00%↑) plummeted post-earnings last month, I placed a couple of bullish trades on it, which you can read about here.
Trade Alert: Earnings, 8/23/2023
Who wants fake milk and meat? Our Newfound Selectivity Starting last week, we’ve been more selective about placing earnings trades. This week, for example, we skipped the first four.
Shares of Peloton ended this week up about 12%, after the company announced a strategic partnership with Lululemon Athletica (LULU 0.00%↑). Coinciding with that announcement, Peloton boosted its member referral discount from $100 to $200, so anyone buying a bike, or other Peloton equipment will get a $200 discount using my link. Click on the image below if you’re interested.
Peloton limits that offer to 6 users, so first come, first served.