$150 profit in WM
- themoneyloaf
- 14 minutes ago
- 2 min read
Happy Sunday!
Just a reminder that the link to indicate interest in my final options course of 2026 will be going out next Sunday!
I've also updated and refreshed the FAQ page because the old page was a mess. You can check out the new FAQ page for more details.
This week:
$150 profit in Waste Management (WM)
$150 profit in WM
The day WM reported earnings the stock dropped quite a bit, providing a great opportunity to enter a new trade.
I sold the $210 cash-secured put expiring on Jun 18 for $250 in premium upfront.
I generally prefer waiting until after stocks have reported earnings as it's better to catch the down move than to be caught in the down move.
In any case, it seems the market thought WM dropped too much and the stock rebounded the very next day.
It hit my profit target and I paid $100 to close the position, resulting in $150 realized profit or 60% of max profit in just 1 trading day.
As stated in the closing update above, not all trades will work out so smoothly, but when they do, I find it's best to take the profit and move on instead of being greedy.
This trade (and all trades in this newsletter) are shared in close-to real time to my private community as updates in my own portfolio (not recommendations). If you're familiar with the basic mechanics of options, you can consider joining the private community to view these updates as well.
And of course the guidance for managing and closing both trades were posted to the community as well.
You can find out more about my private community at the link below.
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.
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