Trade Alert: Multibaggers + Biotech

Two bullish biotech bets from our new Multibaggers list.

Note: both of these trades went out to paid subscribers via chat before today’s close.

Two New Trades from Our Multibaggers List

We’ve been working on ways to sharpen our idea pipeline. One issue with our Market Watchers list on X is that it’s gotten a bit unwieldy—nearly 150 accounts now. Plenty of signal in there, but also a lot of noise.

So we spun out a new Multibaggers list, which currently tracks just five accounts. The common thread? Each has posted documented multibagger calls—stocks that doubled or better since their initial recommendations. One of those five accounts is the pseudonymous “Mike” mentioned in this post over the summer:

Today’s two new trades come from that list, and specifically from the same account that flagged uniQure N.V. ( QURE 0.00%↑) before its surge this week. One is structured for uncapped upside, while the other is designed for defined risk/reward with an attractive asymmetry. In both cases, we’re taking advantage of elevated near-term implied volatility to help finance longer-dated bullish exposure.

Today’s First Multibaggers Trade

The stock is Nurix Therapeutics ( NRIX 0.00%↑ ), and our trade is a combo consisting of these three legs:

1. Buying the $9 strike calls expiring on April 17th, 2026,

2. Selling the $9 strike calls expiring on October 17th, 2025, and

3. Buying the $7.5 strike calls expiring on October 17th, 2025,

For a net debit of $1.05. The max gain on 2 contracts is uncapped, the max loss is $510, and the break even is with NRIX at $8.22. This trade hasn’t filled yet.

Diagonal risk-reversal, consisting of these two legs:

1. Buying the $12.50 strike calls expiring on April 17th, 2026, and

2. Selling the $12.50 strike puts expiring on October 17th, 2025,

For a net credit of $0.25. The max gain on 2 contracts is uncapped, the max loss is $2,450 (if NRIX goes to $0 before October 17th), and the break even is with NRIX at $10.49. This trade filled at $0.25 on 10/6/2025.

Today’s Second Multibaggers Trade

The stock is Repligen (RGEN 0.00%↑), and our trade is a combo expiring on November 21st, consisting of these four legs:

1. Buying the $135 strike call,

2. Selling the $145 strike call,

3. Selling the $125 strike put, and

4. Buying the $120 strike put,

For a net debit of $0.70. The max gain on one contract is $930, the max loss is $570, and the break even is with RGEN at $135.70. This trade filled at $0.70.

Exiting These Trades

My plan:

• NRIX Calls (leg 1): Open a GTC order to sell half the calls at $5, and plan on selling all before expiration for the best price we can get.

• NRIX Puts (leg 2): Nothing. Either these expire worthless, or I get assigned the shares.

• RGEN Call Spread (legs 1 & 2): Open a GTC order to exit at a net credit of $8, and lower that price, if necessary, as we approach expiration.

• RGEN Put Spread (legs 3 & 4): Open a GTC order to exit at a net debit of $0.20, and raise that price, if necessary, as we approach expiration.