Trade Alert: Year-End Top Names

A bullish options bet on Southeast Asian growth stock.

Why We’re Placing Bets On PA Top Names

So far, we have 6-month track records for 78 weekly top ten names cohorts since we started this Substack, and, on average, our top ten names have returned 18.96% over the next six months, versus 12.72% for the SPDR S&P 500 Trust ETF (SPY 0.00%↑) .

Our top names from June 20th were up 37.46%, on average, over the next six months, versus up 8.75% for SPY. The kind of options trade we’re going to place today would have generated returns of 200% or better with any of the top five performers below.

Our Final Top Names Trade Of 2024

Our final top names trade of 2024 is on our #4 name from Monday night’s top ten (we already have open trades on Monday’s top three names). It’s a company based in Singapore that facilitates local equivalents of delivery apps like Uber’s (UBER 0.00%↑) Uber Eats and DoorDash (DASH 0.00%↑) in Singapore and elsewhere in Southeast Asia.

In addition to being one of our top ten names, this stock beat on both top and bottom lines when it released earnings last month, but is back to where it was trading before its earnings beat. Thanks to that pullback, Chartmill now gives it a set-up rating of 7 out of 10, to go along with its overall technical rating of 8 out of 10.

Details below.

Our Year-End Top Names Trade

The stock is Grab Holdings, Ltd. (GRAB 0.00%↑), and our trade is buying the $5.50 strike calls on it expiring on July 18th for $0.55. The max gain on 6 contracts is uncapped, the max loss is $330, and the break even is with GRAB at $6.05. This trade filled at $0.52.

Exiting This Trade

I’m going to open a GTC order to exit half of these calls at $1.65, and plan to exit all of them before expiration.