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
Super Micro Computer (SMCI 3.49%↑). Bought at $21.86 on 11/18/2024; sold at $43 on 2/14/2025. Profit: 97%.
Options
Call spread on Astera Labs (ALAB -5.76%↓). Entered at a net debit of $0.50 on 2/3/2025; exited at a net credit of $0.60 on 2/11/2025. Profit: 20%.
Call on Tesla (TSLA 0.00%↑). Bought at $1.91 on 2/11/2025; sold at $4.10 on 2/13/2025. Profit: 115%.
Calls on Opera, Ltd. (OPRA 6.44%↑). Bought for $0.65 on 2/6/2025; sold (half) for $1.85 on 2/13/2025. Profit: 185%.
Calls on Opera, Ltd. (OPRA 6.44%↑). Bought for $0.65 on 2/6/2025; sold (half) for $1.95 on 2/10/2025. Profit: 200%.
Call spread on AppLovin (APP 5.15%↑). Entered at a net debit of $3.15 on 12/16/2024; exited at a net credit of $9.74 on 2/14/2025. Profit: 209%.
Calls on Robinhood Markets (HOOD -1.91%↓). Bought for $2.30 on 10/31/2024; sold (half) for $33.50 on 2/13/2025. Profit: 1,443%.
Comments
Stocks or Exchange Traded Products
I decided to sell Super Micro Computer (SMCI 3.49%↑) this week because I figured if I’m bearish on Nvidia (NVDA -0.09%↓) for DeepSeek reasons, it doesn’t make sense to be long SMCI. I do still have a bullish call spread open on SMCI, because it expires too far out to exit now.
Although Super Micro Computer had been one of our top names in the past, it wasn’t when I bought shares of it in November. I bought them then because thought the fears associated with its auditor quitting were overstated.
Our top names continue to perform well though, with the most recent weekly cohort to complete its six-month period more than tripling the performance of the market.
Options
This was a good week. The Tesla (TSLA 0.00%↑) trade I didn’t share on this Substack, only because the idea came to me a few minutes before the market closed that day. But my thinking was similar to what I wrote here two weeks ago:
After Monday’s market meltdown, I should have placed bullish bets on Tuesday on one or two of Portfolio Armor’s top ten names from Monday night.
Tesla had been a top Portfolio Armor name on Monday, so when it dropped below $330 on Tuesday, I bought the $350 strike call on it expiring today. Had I waited until later to sell the call, I probably could have made 200%+ on the trade.
The 1,443% gain in the Robinhood Markets (HOOD -1.91%↓) trade shows the benefit of uncapped gains on calls when you can buy them inexpensively.
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