$42 profit in NKE
- themoneyloaf
- 12 hours ago
- 2 min read
Happy Sunday!
Before getting into this week's trade, just an update that the link to indicate interest for my final options course of 2026 will be opening in a month, and will be sent as part of the newsletter on May 24.
This will be the last course for 2026, and also the last time the course will be offered at this price. You can check out the FAQ page for more details.
This week:
$42 profit in Nike (NKE)
$42 profit in NKE
NKE has absolutely been in a slump for the last couple of years or so, though it seems to have finally found its footing around the $40-50 level.
I spotted an opportunity to open a trade in NKE and sold the May 15 $40 cash-secured put for $82 in premium.
I did place this as a bonus trade because of NKE's horrible stock performance, but given the relatively low capital requirement, I thought the risk/reward was worth it.
As it turned out, my closing order got hit just 9 trading days later for $40, which locked in $42 profit, or about 51% of max profit. Pretty good for an opportunistic trade.
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.
Closing thoughts & useful links
Here we are in April at market highs again.
March was really good for placing new trades and hopefully most if not all of them get closed in April.
Now begins the new challenge of entering new trades amidst all the highs, for however long this lasts.
Have a good weekend!
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