Trade Alert: Satellite Mind

A bullish bet on a new Portfolio Armor top ten name. Plus, adding another hedge.

Satellite Mind

That’s also the title of a Metric, song, which is why it came to mind, given that today’s top names trade is on a satellite company.

A satellite‑intelligence play on defense re‑industrialization

One of last night’s Portfolio Armor Top Ten names sits at the intersection of two themes we’ve been tracking all year:

• U.S. re‑industrialization for defense & space (see the framework here).

• Washington’s quiet push to diversify away from single‑vendor launch and imagery pipelines after Elon Musk’s increasingly erratic public stances since leaving the Trump administration.

This company provides rapid‑refresh satellite imagery directly to DoD and intelligence customers. Liquidity is thin and its options are pricey, so today we’re going to try selling that richness rather than paying for it—setting a limit that lets the trade work only if we’re adequately compensated. If the market won’t meet our price, we’ll simply move on.

(Full strike, expiry, and fill instructions are in the paid section below.)

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Hedging while the sun is shining

The Nasdaq just logged another record close this week, while spot vol sits near year‑to‑date lows. That’s the ideal backdrop for topping up protection. Using the Portfolio Armor iPhone app, we scanned today’s QQQ chain and found the most cost‑efficient September puts; we’ll add those alongside our existing August hedge.

Details below.

Today’s Top Names Space Trade