$250 profit from 2 trades in PG
- themoneyloaf
- Sep 4
- 3 min read
Updated: Sep 14
Happy weekend!
Wrapping up August with a double dip in PG, a stock which I've been trying to pick up since 2024.
This week:
$90 profit in Procter & Gamble (PG)
$160 profit in Procter & Gamble (PG)
$90 profit in PG
Before PG announced earnings in August, an opportunity appeared to place a new trade in the stock.
Typically I try not to enter trades which require me to hold the position through earnings, because the reaction to earnings announcements could go either way.
However, I felt the risk/reward for this trade was worth it, and decided to enter the position, although I announced it as a bonus trade, meaning it doesn't meet all of my usual criteria.
I sold the Aug 15 $150 cash-secured put for $180 in premium up front.
PG ended up rallying slightly and provided the chance for me to realize 50% of max profit on the trade and close it before earnings, so I took it.
I paid $90 to close the position, realizing $90 in profit.
In the end this trade worked out great because I managed to enter a trade during a period of low volatility and take it off at 50% of max profit without having the risk of holding it through earnings.
If you'd like to read about more trades from my real portfolio and see how I manage them, consider being part of my private community where I share these updates (not recommendations!).
$160 profit in PG
Some time later, PG again provided a good entry point, and I again sold a cash-secured put at the $150 strike, this time expiring Sep 19 and for a much higher premium of $210.
This time the trade didn't immediately cooperate, and PG went as low as $150.51 during this period, nearly causing the position to go in the money.
Since I couldn't close the trade early, I decided to let it run for a little more profit than usual.
Eventually PG calmed down enough for me to pay $50 to close the position, meaning a realized profit of $160 on this position, or about 76% of max profit.
PG has been an excellent performer in my portfolio this year with 16 wins from 16 trades, and a total realized profit of $1,801.
This has gone a long way in helping to reduce my cost basis in PG, which I will be sharing in a future update.
You can read more about previous PG trades at the link below.
Closing thoughts & useful links
Another week of nothing much happening in the market. At the risk of repeating myself, I'm just being patient and waiting for the best opportunities to come.
This week they presented themselves in the form of trades in BBY and DKS, let's see what 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.
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