Closing the Danaher Trade w/ $176 Profit

And rolling the position out to June

Today, we’ll be closing our position in Danaher, likely pocketing a net profit of $176. As is to be expected, our P&L has been a lot less volatile compared to owning stock. Given that Danaher’s stock hasn’t moved versus when we put on the May position (on April 3), we’ll be re-centering the position in a new June trade.

As of today, our updated P&L since the start of the Substack on December 17, 2024 stands at +4.52% after transaction costs, and +5.43% when including the updated P&L for our 1-year setups. This performance has been achieved through judicious capital allocation based on implied volatility, i.e. how risk’s being priced.

Let’s take a look at what we’ll do next with our Danaher position.