Trade Alert: Top Names

A past winner returns to our top ten names.

Taking Another Shot With Robinhood

Robinhood Markets (HOOD 0.00%↑) has been a Portfolio Armor Top Name multiple times in the past, and we’ve had success trading it before, including this exit for a >1,000% gain back in February.

Calls on Robinhood Markets (HOOD -1.91%↓). Bought for $2.30 on 10/31/2024; sold (half) for $33.50 on 2/13/2025. Profit: 1,443%

We entered another trade on it (albeit, with a ~230% max potential gain) last month, and that trade is currently in the money after HOOD’s big gain yesterday.

Today’s trade is a bet on Robinhood hitting the next psychological level ($100 per share) in the near future. It has a maximum potential upside of about 270%, and a maximum potential loss of 100%.

Details below.

Today’s Top Names Trade

The stock of course is Robinhood Markets (HOOD 0.00%↑), and our trade is a vertical spread expiring on July 11th, buying the $95 strike calls and selling the $100 strike calls, for a net debit of $1.35. The max gain on 2 contracts is $730, the max loss is $270, and the break even is with HOOD at $96.35. This trade filled at $1.35.

Exiting This Trade

I’m going to open a GTC order to exit this spread at $4.75, and lower that price, if necessary, as we approach expiration.