Trade Alert: Top Names

Harvesting implied volatility on two of our top names.

Two New Trades From Friday’s Top Ten Fit

We’re putting on two new option setups today drawn from Friday’s Top Names list. Both line up neatly with the macro storyline we’ve been leaning into—reindustrialization + embodied AI + energy/compute throughput:

• One is a warehouse-automation/robotics leader (embodied AI + reshoring).

• The other is an AI compute / data-center capacity play (energy & compute bottlenecks).

Why now

• Elevated front-month IV gives us the chance to harvest rich downside while renting upside convexity into (and beyond) upcoming catalysts.

• Both names scored highly on our internal signal Friday, which is my “license” to take another swing when the options board cooperates.

How we’re structuring it (philosophy, not plumbing)

We’re building each trade to use high, pre-catalyst IV to our advantage while keeping risk explicitly bounded. The objectives:

• Monetize elevated downside IV so we’re paid for near-term noise we’re willing to tolerate.

• Rent upside participation into and after the catalyst without overpaying for lotto-style convexity.

• Keep losses defined and acceptable at entry—there’s a hard worst-case, sized so full assignment wouldn’t be a problem.

• Set a favorable break-even close to spot (or only a modest premium above it), so we have multiple ways to win: a pop, a drift higher, or simple IV/Theta decay.

• Align expirations with the catalyst so IV crush works for us, not against us, and we aren’t forced to trade the event directionally.

• Prioritize liquidity and clean execution—tight enough markets to get filled near mid without heroic assumptions.

On exits, we’ll place GTC profit targets to harvest a quick move, and if the name dips on the print we still have time value working in our favor and a pre-agreed max loss cap to keep it mechanical.

Details below.

Today’s First Top Names Trade

The stock is Symbiotic (SYM 0.00%↑), and our trade is a combo expiring on November 21st (after its earnings that week) consisting of these four legs:

1. Buying the $55 strike call,

2. Selling the $70 strike call,

3. Selling the $45 strike put, and

4. Buying the $40 strike put,

For a net debit of $2.10. The max gain on 1 contract is $1,290, the max loss is $710, and the break even is with SYM at $57.10. This trade filled at $2.05.

Today’s Second Top Names Trade

The stock is Applied Digital (APLD 0.00%↑), and our trade is a combo expiring on October 17th (which should be after the company’s October earnings) consisting of these four legs:

1. Buying the $15 strike call,

2. Selling the $20 strike call,

3. Selling the $12 strike put, and

4. Buying the $11 strike put,

For a net debit of $1. The max gain on 2 contracts is $800, the max loss is $400, and the break even is with APLD at $16. This trade filled at $0.97.

Exiting These Trades

I’m going to do something different going forward, in light of missing what would have been a profitable exit on Super Micro Computer (SMCI 0.00%↑) earlier this month: set GTC orders to exit call spreads at ~80% of the width of the spread initially, to catch some early exits. If a stock starts rocketing after hours on a catalyst, such as an earnings report, we can raise our limit orders, but otherwise, this will be my default going forward. With that in mind, my plan:

• SYM Call Spread (legs 1 & 2): Open a limit order to exit at a net credit of $12, and lower that price, if necessary, as we approach expiration.

• SYM Put Spread (legs 2 & 3): Open a limit order to exit at a net debit of $0.20, and raise that price, if necessary, as we approach expiration.

• APLD Call Spread (legs 1 & 2): Open a limit order to exit at a net credit of $4, and lower that price, if necessary, as we approach expiration.

• APLD Put Spread (legs 2 & 3): Open a limit order to exit at a net debit of $0.20, and raise that price, if necessary, as we approach expiration.