$180 profit in ITW
- themoneyloaf
- Jun 18
- 2 min read
Happy Sunday!
A big thank you to all the people who attended the live course info session and/or signed up for the course. All spots were sold out in 10 hours!
The course was more than 3x oversubscribed, so apologies that not everyone could get a spot. The next course will be in Jan 2027 and I'll open registration sometime in November, so look out for that.
This week:
$180 profit in Illinois Tool Works (ITW)
$180 profit in ITW
ITW dropped post-earnings, providing a nice opportunity to open a position in the stock.
I sold the $240 cash-secured put expiring Jun 18 for $330 in credit.
A few days following earnings, the stock continued to drop but not lower than $247, which meant there was never a point where this position was in trouble, it just took a bit more time to hit my profit target.
Eventually I paid $150 to close the trade, which means I realized $180 in profit or about 55% of max profit.
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!
Useful links
Free mini course: Kickstart your personal finances in 5 weeks
Latest Youtube video: comparing my 8 income streams in 2023 vs 2022
Improve your financial life with my budget and wealth tracker that helps to allocate your budget, calculate savings rate, track your sinking funds, net worth and progresses towards FIRE with minimal input from you - most of it is automated.
Sign up for real time updates (not recommendations) within my portfolio with the Bread Crumb subscription
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.
Comments