$165 profit in TXN
- themoneyloaf
- Aug 21
- 2 min read
Updated: Aug 22
Happy weekend!
Just one update this week in a stock that has been a surprisingly constant feature in my portfolio this year: TXN.
This week:
$165 profit in Texas Instruments (TXN)
$165 profit in TXN
It's been slightly harder than usual to find new trades as the market keeps grinding higher, but thankfully earnings season always provides some opportunities, like the one in TXN.
TXN experienced a drop after their earnings and I sold the $170 cash-secured put expiring on Sep 19 for $245 in premium up front.
I set my closing order to buy back the position for $80, which got triggered earlier this week.
This resulted in a realized profit of ($245 - $80) = $165, which is about 67% of max profit.
As you can see from the chart above, the first white arrow is the trade entry and the second white arrow is the trade exit.
Comparing the two dates, basically TXN more or less traded sideways between the 2 dates, but yet I was able to close the position for a nice profit.
This is one of the benefits of selling options, which is that time is generally on your side. Even if the stock doesn't move significantly in your direction, you can still make money.
As I said at the top, TXN has been a consistent feature in my portfolio with 6 wins from 6 trades this year and a total realized profit of $920 so far.
You can check out other TXN trades at this link.
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.
Closing thoughts & useful links
The market continues to defy all expectations (or at least my expectations), and the constant rally is definitely a challenging environment.
It's crazy to think the volatile months of April and May were just a quarter ago!
In any case, the market has been here before and patience tends to win in the end, which is my planned course of action for now.
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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