A bearish bet on oil, as we anticipate the Iran war coming to an end soon. Plus, three bullish biotech and space setups.
Out of the MRNA put spread yesterday at $0.20.
Out of the MRNA call calendar today at a net credit of $7.
Looks like good timing on this one, so far, as USO is down about 11% afterhours, following news of the ceasefire in the Iran war.
Looking good, Portfolio Armor!
Thanks. So far, so good.
How did the previous fade oil trade work out?
It never filled.
We exited the July 17, 2026 $30/$25 put spread at a net debit of $4.95 today. The October $45 call remains open.
For PL, the second July $30/$25 put spread exited through assignment and exercise at its $5.00 maximum debit on 7/17/2026. Together with the first spread’s $4.95 exit on 7/16, the average exit debit was $4.975. The October $45 call remains open.
Out of the PL short call yesterday at $0.20.
Out of the USO call spread today at $0.20.
For USO, the July $110/$100 put spread expired worthless on 7/17/2026. Together with the June call-spread exit, this closes the trade.
Out of the MRNA put spread yesterday at $0.20.
Out of the MRNA call calendar today at a net credit of $7.
Looks like good timing on this one, so far, as USO is down about 11% afterhours, following news of the ceasefire in the Iran war.
Looking good, Portfolio Armor!
Thanks. So far, so good.
How did the previous fade oil trade work out?
It never filled.
We exited the July 17, 2026 $30/$25 put spread at a net debit of $4.95 today. The October $45 call remains open.
For PL, the second July $30/$25 put spread exited through assignment and exercise at its $5.00 maximum debit on 7/17/2026. Together with the first spread’s $4.95 exit on 7/16, the average exit debit was $4.975. The October $45 call remains open.
Out of the PL short call yesterday at $0.20.
Out of the USO call spread today at $0.20.
For USO, the July $110/$100 put spread expired worthless on 7/17/2026. Together with the June call-spread exit, this closes the trade.