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  • Writer's picturethemoneyloaf

$114 profit in DKS & BBY

This week:

  1. $55 profit in 1 day in Dicks Sporting Goods

  2. (Another) $59 profit in Best Buy


$55 in DKS

In the last newsletter before the new year, I posted a new trade in DKS. I sold a $95 put expiring 20 Jan for $110, and it closed for 50% of max profit the next Tuesday - effectively a 1 day win taking into account market closures over the holidays.

Not every trade will go as smoothly, so gotta jump on the opportunity to take profits when they do! If you're interested to read the initial set up of the trade and the choice between the $95 or $100 put strike, check out the link below.


(Another) $59 profit in BBY

BBY was another trade put on a couple of weeks ago. I initially sold 2 puts at the $70 strike expiring 20 Jan for $77 each. One of the puts was closed at 50% max profit to net $39, and the 2nd put was closed at 75% of max profit to net another $59. That's a total of $98 in realised profit (64%) for a trade that was on for about 3 weeks.

You can also read about the initial BBY trade in the link below. I also share how much I made in BBY alone over the course of 2022 in that post - which I'll now have to add $98 to.


This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.

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