Trade Alert: Top Names

Bullish bets on two of our top ten names from Monday's close: a consumer stock and a European bank.

A Quick Exit Note

Before we get to today’s top names trades, a quick note on exiting a previous one, our $45-$60 call spread on Hims & Hers Health (HIMS 6.98%↑), detailed here:

HIMS tanked after hours yesterday, post-earnings, and it was trading at $55 and change in the pre-market, so I lowered my exit limit order to $10. I ended up getting out at that price, for a gain of 186%, but as I type this, the stock is currently trading at $61 and change, so if you haven’t exited yet, you may be able to get out now at a net credit of more than $14. No on to today’s top names trades.

Following the Data

A Consumer Leader & A European Bank From Monday’s Top Ten

Two of Portfolio Armor’s Top Ten from Monday made our cut for new trades today—one is a consumer name with a near-term catalyst, the other is a European bank. The bank isn’t a typical top name for us, but we’re going where the signal points. That’s a lesson we just revisited with TransMedics (TMDX 0.00%↑) last week: respect the algorithm over gut feelings when they diverge.

Why these two now

• Both ranked in Monday’s Top Ten by our model’s estimated 6-month return.

• Event windows are live (one with earnings this week), giving us a chance to harvest elevated near-term IV to reduce cost.

How we structured them (high level)

• We built positions designed to keep meaningful upside open while using short-dated premium to subsidize the longer-dated bullish leg(s).

• In both cases, the downside over the near term is defined by construction, and overall cash outlay is modest relative to potential upside.

Risk & timing note

• We’re sizing these as event trades, not core positions. If the near-term catalyst disappoints, the design limits damage; if it lands, we keep the right tail.

Today’s First Top Names Trade

The stock is Deutsche Bank (DB 0.00%↑), and our trade is a combo consisting of these three legs:

1. Buying the $36 strike call expiring on January 16th, 2026,

2. Selling the $34 strike put expiring on November 21st, 2025,

3. And buying the 31 strike put expiring on November 21st, 2025,

For a net debit of $0.95. The max gain on 2 contracts is uncapped, the max loss is $790, and the break even is with DB at $33.97*. This trade hasn’t filled yet.

Today’s Second Top Names Trade

The stock is Celsius (CELH 0.00%↑), and our trade is a combo consisting of these four legs:

1. Buying the $50 strike call expiring on January 16th, 2026,

2. Selling the $60 strike call expiring on January 16th, 2026,

3. Selling the $45 strike put expiring on August 8th, 2025,

4. And buying the $41 strike put expiring on August 8th, 2025,

For a net debit of $0.90. The max gain on 1 contract is $891.18, the max loss is $490, and the break even is with CELH at $43.71*. This trade filled at $0.90.

*Fidelity’s “Break Even” on both trades is model-based at entry. Our true expiration breakeven = (call strike, or lower strike of the call spread) + total net debit, adjusted by any realized P/L on the short-dated put spread. The displayed “max loss” is for the life of the combo, not at the short-dated spread’s expiry.

Exiting These Trades

To avoid assignment risk here, I’m going to open separate GTC exit orders for the put spread legs of these trades:

• DB call: Assuming this combo fills, I’m going to open a GTC order to sell half the calls at $4, and aim to exit all before expiration at the best price I can get.

• DB put spread: Assuming this combo fills, I’m going to open a GTC order to exit at a net debit of $0.20, and raise that price, if necessary, as we approach expiration.

• CELH call spread: I’m going to open a GTC order to exit at a net credit of $9.50, and lower that price, if necessary, as we approach expiration.

• CELH put spread: I’m going to open a GTC order to exit at a net debit of $0.20, and raise that price, if necessary, as we approach expiration.