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. These are the trades I exited this week.

Stocks or Exchange Traded Products

None.

Options trades

1. Skip-strike call butterfly on GameStop (GME 0.00%↑). Entered at a net debit of $0.50 on 6/4/2024; exited at a net credit of $0.60 on 6/12/2024. Profit: 20%.

2. Skip-strike put butterfly on GameStop (GME 0.00%↑). Entered at a net debit of $0.60 on 6/4/2024; exited at a net credit of $0.78 on 6/12/2024. Profit: 20%.

Comments

Stocks or Exchange Traded Products

No exits this week, but our core strategy continues to perform well, driven by the returns of our top names.

So far, we have 6-month returns for 50 weekly top names cohorts since we started this Substack at the end of December, 2022.

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And as you can see above, our top names have averaged returns of 23.41% over the next six months, versus SPY’s average of 12.77%. You can see an interactive version of the table above here, where you can click on each date and see a chart showing each of the holdings that week.

Options

Our aim with the skip strike butterflies was to make ~200% on one and lose 100% on the other, but the stock was a bit too volatile for this strategy. We did make a modest profit on both bearish and bullish bets on the same day, so we’ll take that.

More By This Author:

Top Names Performance Update - Saturday, June 8
This Week’s Trade Exits
What If America's Economic Growth Data Were Fake?