Trade Alert: Top Names + Post Earnings
A bullish bet on a stock that combines attributes of two of our current winners.
Two Recent Trades On Track For ~200% Gains
We currently have two bullish options trades on track for ~200% gains:
This one, on a recent Portfolio Armor top ten name, Carvana (CVNA 0.00%↑).
Trade Alert: Top Names
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Doing More With Our Top Names In a post last weekend (“Top Names Performance Update”), I updated the performance of our top names: Performance Data From December, 2022 So far, we have 6-month returns for 50 weekly top names cohorts since we started this Substack at the end of December, 2022.
And this one, on a stock that got punished post-earnings, Salesforce (CRM 0.00%↑).
Trade Alert: Post-Earnings, 6/17/2024
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The Risk Of Buying After A Post-Earnings Drop Everyone likes a bargain, so it’s tempting to bet on a once high-flying stock when it drops post-earnings. We did that with two stocks in the first quarter, Snowflake (SNOW -0.86%↓) and Lululemon Athletica
Today’s trade on is on a stock that combines elements of both. It was one of our top ten names last night.
Top Names, 6/27/2024
Our Core Strategy Our core strategy is to buy equal dollar amounts of the Portfolio Armor web app’s top ten names, put trailing stops of 15%-20% on them, and replace them with names from the current week’s top ten when we get stopped out of a position.
And it was punished with a ~20% drop post-earnings recently, despite beating on revenue and GAAP earnings.
As with the other two trades, we’re aiming for a 200% gain on this one over the next few months.
Details below.
Our Latest Bullish Options Trade
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