In yesterday’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 Monday (our #1 name from Friday was still in our top ten on Monday, at #3). One difference is Monday’s #1 name is releasing earnings this week, so we’re going to place an earnings trade on it. Earnings trades are essentially coinflips, but in this case it’s heads we win 4x, tails we lose x: our maximum upside is about 400%, and our maximum loss is 100%.
Details below.
Today’s Top Names Earnings Trade
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