Trade Alert: Top Names
Another crack at the one that got away last Monday. Plus, a bullish bet on a copper miner in our top ten.
Another Crack At Joby
Last Monday, we were ready to place a bullish trade on Joby Aviation (JOBY -3.19%↓), but the stock ran away from us, after its deal with Blade Air Mobility (BLDE 3.71%↑) was announced.
Our #1 Name Takes Off Too Soon
Note: the trade alert below is what I had drafted Sunday night for Portfolio Armor’s #1 name from Friday, Joby Aviation (). Unfortunately, news broke before today’s open that JOBY was buying Blade Air Mobility (), an Uber for helicopters, causing JOBY shares to spike 21% intraday. I’m not goin…
Since then two related things have happened:
JOBY shares pulled back.
JOBY reappeared in our top ten names on Friday.
So now we have another bullish trade teed up for it.
In addition, we have a bullish bet on a copper miner teed up as well. Both trades have uncapped upside while harvesting high implied volatility to reduce cost.
Details below.
