The Hottest Stock On X This Weekend: Grab Holdings
Even though the market’s closed on Monday, X is still full of traders looking for the next big thing. This weekend, a lot of them seem to think that next big thing is Grab Holdings, Ltd. (GRAB).
Some of the posts are meta ones talking about how everyone else is posting about GRAB.
Some are detailed breakdowns of its business.
And some note technical similarities to other recent winners.
Readers of our previous post (Valentine’s Day Exits) may recall our biggest trade exit last week was on Robinhood Markets, Inc. (HOOD):
- Calls on Robinhood Markets (HOOD). Bought for $2.30 on 10/31/2024; sold (half) for $33.50 on 2/13/2025. Profit: 1,443%.
But here’s what we wrote about Grab Holdings to our subscribers at the end of last year.
Posted on The Portfolio Armor Substack on 12/31/2024
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) .
[Edit: now we have 6-month track records for 85 weekly top names cohorts, and our top ten names have returned 19.43% over the next six months, versus 12.47% for SPY]
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 ) Uber Eats and DoorDash (DASH) 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), 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.
Grab Reports Earnings This Week
Back to the present day. Grab Holdings is scheduled to report earnings before the market opens on Friday. If you want, you could wait and see what it reports before deciding whether to open a position in it. This will save you some money if the company whiffs on earnings. The tradeoff is it will probably cost you more to get in if posts a strong beat.
Would you like a heads up when we place our next trade? You can subscribe to our trading Substack/occasional email list below. Do you want to add some downside protection here? If so, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below. You can also download it by tapping here, if you’re reading this on your phone.
If you’d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we’re using that for our occasional emails now).
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