Trade Alert: Top Names + Crypto
A bullish bet on another space name in our top ten. Plus, a bullish crypto bet.
Betting on Space Without Saying “SpaceX”
One of Friday night’s Portfolio Armor top ten names sits squarely in our re‑industrialization theme—specifically, the U.S. push to rebuild sovereign launch and on‑orbit services while quietly diversifying away from single‑vendor dependence after Elon Musk’s post‑administration antics. Think rapid‑cadence launches, government contracts, and national‑security payloads. Options on this name are rich and liquidity is patchy, so—just as in Friday’s alert—we’re structuring the trade to offset our cost by selling rich premium. If we don’t get the price we want, we walk.
(Exact strikes, expiry, fills, and exit plan are in the paid section.)
And a Simple ETH Bet
On the crypto side, we’re sticking with the “embodied AI / energy / digital rails” thread from our macro framework.
Reindustrialization, Embodied AI, Energy, and Crypto
Positioning For The Next Phase: Reindustrialization, Embodied AI, Energy, and Crypto—And How We’re Trading It
Ethereum’s crypto currency hasn’t cracked $4k yet, but we’re positioning for that possibility in the next few months with a straightforward call buy—no spread cap—then a GTC order to take partial profits if we get a spike. Volatility cuts both ways; we’ll harvest it if/when it shows up.
(Contract, limit, and profit targets below for paid subscribers.)
Details on both trades—and how we’ll manage them—below.
Today’s Top Names Trades
The stock is Rocket Lab (RKLB 0.00%↑), and these are our trades:
A vertical spread expiring on August 8th, buying the $40 strike put and selling the $47 strike put, for a net credit of $2.60. The max gain on 1 contract is $260, the max loss is $440, and the break even is with RKLB at $44.40. This trade filled at $2.65.
A vertical spread expiring on January 16th, buying the $55 strike call and selling the $70 strike call, for a net debit of $3.10. The max gain on 1 contract is $1,190, the max loss is $310, and the break even is with RKLB at $58.10. This trade filled at $3.05.
Today’s Crypto Trade
The ETF is iShares Ethereum Trust (ETHA 0.00%↑), and our trade is buying the $34 strike calls expiring on November 21st, for $2.50. The max gain on 2 contracts is uncapped, the max loss is $500, and the break even is with ETHA at $36.50. This trade hasn’t filled yet. This trade filled at $2.50 on 7/29/2025.
Exiting These Trades
RKLB put spread: I’m going to open a GTC order to exit it at a net debit of $0.20, and I’m going to raise that price, if necessary, as we approach expiration.
RKLB call spread: I’m going to open a GTC order to exit at net credit of $14.50, and lower that price, if necessary, as we approach expiration.
ETHA: Assuming this trade fills, I’m going to set a GTC order to exit half the calls at $7.50, and aim to exit all before expiration for whatever I can get for them.
Out of the RKLB put spread at a net debit of $1.55 today, for a gain of 42% on the spread and a return on risk of 25%.