[Options] Monthly Positions Review – August

Sean McLaughlin
July 30, 2021

Once again this month, I’m going to share info on positions that were closed in the month of July. As a reminder, our exit plans are always laid out ahead of time in each trade idea we publish. In every case, the exits mentioned below were all in accordance with the plans as laid out.

As we head towards August expiration, we only have one open position remaining with expiring August options. But July was certainly a busy month for exits -- both profitable and not -- as a couple of market whipsaws shook the trees and knocked us out of a bunch of positions.

Positions with August options that need monitoring:

  • $DDD Long Aug 35/40 Bull Call Spread: Unfortunately, we're running out of time for this position. With $DDD trading south of $30 a share, our entire spread is out-of-the-money and theta is our enemy. There's not much premium left in this position, but its better than nothing (about 35cents). So we're closing the position now and booking the loss.

Positions adjusted in July: $ZTS (Sold half of our long calls at a double on 7/6)

Positions exited for a win in July: $MSFT (7/13), $XBI (7/29), $XLI (7/28), $MSI (7/16), $TW (7/16), $SONY (7/2), $MS (7/9), $LUV (7/8)

Positions closed for a loss in July: $DELL (7/14), $ASAN (7/28), $AVGO (7/19), $MXIM (7/23), $CCL (7/9), $PLUG (7/14), $IWM (7/15), $KRE (7/7), $DOW (7/20), $CWH (7/12), $BIG (7/2)

If you have any questions on these trades, subscribers please send them here.

~ @chicagosean

P.S. We do trades like these regularly. If you'd like to leverage Best-in-Class technical analysis into smarter directional options trades, try out All Star Options Risk Free!

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