In Monday’s post, I mentioned why Portfolio Armor’s top ten names are compelling trade candidates:
Alpha In Our Top Names
Our weekly top ten names from six months ago crushed the market.
We have 6-month returns for 101 weekly top names cohorts since December of 2022, and on average, they have outperformedSPY 0.00%↑ significantly over the next six months: 16.75% versus 9.77% for SPY.
Today we have another options trade on a top name, our #1 name from Wednesday. As it happens, this is a sub-$5 stock, so it’s a riskier name than our last top names trade. But in this case, our upside is uncapped.
Details below.
Today’s Top Names Trade
The stock is FuboTV (FUBO 0.00%↑), and our trade is buying the $4 strike calls expiring on November 21st, for $0.65. The max gain on 6 contracts is uncapped, the max loss is $390, and our break even is with FUBO at $4.65. This trade filled at $0.65.
Exiting This Trade
I’m going to open a GTC order to exit half the calls at $1.50, and aim to exit all of them before expiration.
