$125 profit in WM

Happy Sunday!

Apologies for the short newsletter this week as I am a little bit under the weather! 

This week:

1. $125 profit in Waste Management (WM)

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$125 profit in WM

WM dropped after their earnings announcement and I took the opportunity to sell the Dec 19 $190 cash-secured put for $165 in premium. 

The good news is that after the initial dip, WM started to rally, which means I could capture quite a bit of profit early. 

However, because a number of other trades closed early and freed up some capital, I decided that the best move for my portfolio as a whole would be to let this trade run a little bit more, so I decided to raise my profit target from about 50% to about 75%. 

Obviously as always this is just what works for my overall portfolio, and I updated this as an optional adjustment to my private community. 

Thankfully just a few days later the position hit my adjusted profit target, and I paid $40 to close the trade. 

So I ended up with $125 in realized profit, or about 77% of max profit on the trade - a very decent return. 

While handling individual trades is the foundation of any kind of trading, it helps to be able to look at a portfolio as a whole and identify positions where it makes sense to be more conservative, and other areas to be more aggressive. 

This particular tweak worked out pretty well for me!

As always all the trades within this portfolio are updated in close to real-time to my private community (not recommendations). While I do share my own profit targets, they can of course be adjusted to meet your own risk profile as well. 

You can find out more about my private community at the link below. 

Find out more about the Bread Crumb subscription

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The market got over whatever jitters they had with NVDA's earnings pretty quickly with quite a big up move on Friday. Let's see what the short trading week next week brings. 

Have a good weekend!

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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.