The Tab — Week of July 20 p1

Four calls went out last Monday. Here's where every one of them landed. One closed, two open, one never triggered.

Jul 20, 2026

Last week update

KHC — closed, and I broke my own sheet.

The printed plan said 27.50. I sold the lot at an average of 26.83, well short of it. That’s +6.8% from my 25.11 fill, or +1.0R against the 23.40 stop. If you took it at the printed 24.80 entry, you did better than I did: +8.2%, +1.45R.

Now the part I’d rather leave out. On Thursday I wrote that I’d probably add to this one. I didn’t add. I sold. It was a defensive play, the market crashed so the logic was to quit at the maximum fear. Well, exit is more of an art than the entry.

Two things follow. It goes on the tab as what I did, not what I said I’d do. And if KHC runs to 27.50 this week, then I got out early and left money behind — you’ll read that here too.

MTCH — open, and finally above the line.

TXRH — open.

P911 — never triggered.

New Calls

BBNX — Beta Bionics. One of my favorite structures.

Entry: now (mine is 17.07)
Target: ~19
Stop: H2 close below 16.8
Why: just a quick technical pattern I like, bulls are in control
Position: Long @17.07 1150 stocks.

PCRX — Pacira BioSciences. Another box trade.

Let’s see the action first. Now in wait & see mood.

SPSC — SPS commerce. And another box trade.

Entry: now (mine is 64.21)
Target: ~72
Stop: H2 close below 59.5
Why: we left the box space, no super action but the chances exist
Position: Long @64.21 300 stocks.

PODD — Insulet Corporation. Possible reversal not just a catchy trade.

Entry: still possible (mine is 161.10)
Target: ~177 (the first one, reconsider further)
Stop: H2 close below 153
Why: some kind of reversal, I like the structure
Position: Long 200@161.10
MANH — Manhattan Associates. Not the best box but tradable.
Entry: now (I try to buy, will update)
Target: ~186.5
Stop: H2 close below 151.5
Why: some kind of reversal, I like the structure
Position: none
STNE — StoneCo Ltd. Boring but promising.