Top Name: Digital Gaming
We’re adding a new long today from last night’s Top Ten Names. As a reminder, our top names have been a strong source of alpha, as you can see below, in the 6-month returns for our top ten names from April 7th.
We use that list as our first filter before layering in catalysts, IV, and structure.
Why this one?
It sits in the digital gaming space, where product expansion and state rollouts can create sharp step-ups in active users and revenue. With the tape giving us decent skew, we can structure for asymmetric upside while keeping the near-term risk defined.
How we’re playing it
Per the playbook, we’re swinging for the fences with an uncapped options structure: long-dated calls paired with a short-dated, risk-defined put spread to harvest elevated near-term IV, reduce net cost, and lower our break even. First scale targets are set; runners stay on in case we get a re-rate.
(Exact strikes, expirations, and exit orders follow for paid subscribers.)
Today’s Top Names Trade
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