Missed The Move In Quantum Computing?
Missed The Move In Quantum?
Quantum computing names were up sharply Thursday, after reports that the Trump administration was considering taking equity stakes in the sector. Fortunately for those of you who are Portfolio Armor Substack subscribers, you were already in those names.
In light of the WSJ report that the Trump admin is in talks to take equity stakes in quantum computing companies:
— Portfolio Armor (@PortfolioArmor) October 23, 2025
Our subscribers already have open options positions in $QBTS and $IONQ, so no need for us to chase now. https://t.co/H3wTlnLTtA
Either way, you still have time to catch a potential big move in platinum.
The Next Big Mover Could Be Platinum
We shared the post below on platinum with our subscribers on Monday, but despite platinum's move yesterday and today, there still could be plenty of upside ahead.
Why We’re Swinging Big Today
Same philosophy: uncapped upside with defined risk so we can swing for the fences.
Precious-metals tail risk, on purpose
A sharp rally in gold and silver has us looking one step further down the liquidity ladder. As our friend David Janello, PhD, CFA argues, when capital chases the shiny stuff, it can spill into a far less liquid precious metal—and if/when it does, the move can be violent.
That asymmetric backdrop is exactly why we’re using an uncapped call leg financed by a small put floor: keep the downside bounded, leave the top open (We’re using a different instrument and approach than Dr. Janello here, one more suitable for smaller accounts and less active traders).
Why now
Macro bid under the metals complex; breadth widening.
If attention rotates into the thinner market, price can gap in chunks, not steps.
Our structure harvests near-term IV while keeping the long tail alive.
Playbook:
Uncapped calls for the tail.
Tight, defined put floor to finance and cap risk.
Pre-wired exits orders so we don’t have to babysit the trades. I’ve made a slight adjustment to our exit approach on the calls, one which should help us capture more upside should the underlying names here go parabolic.
Full details for paid subscribers below.
⚡️After Gold⚡️
— Portfolio Armor (@PortfolioArmor) October 20, 2025
A bullish options trade on a much less liquid precious metal that might go parabolic.https://t.co/OHAAnNfk9N
Thinking Of Shorting Platinum Instead?
Our friend Dr. Janello offers a warning for you:
And for any readers thinking about shorting Platinum or even worse, Palladium in this market, David Ruffin wrote a song for just for you
Here is that song:
If you want to stay in touch
If you want a heads up when we place our next trade, you can subscribe to The Portfolio Armor Substack below.
And if you want access to our top names daily, you can subscribe to the Portfolio Armor website or to the Top Names feature on our iPhone app.
Friday Night Update
Our trade exits for the week:
Options
Put spread on Freeport-McMoRan (FCX 0.39%↑). Entered at a net credit of $2.15, as part of a 3-leg combo, on 10/10/2025; exited at a net debit of $3.49 on 10/24/2025. Loss: 47%.
Put spread on Intel (INTC -4.47%↓). Entered at a net credit of $1.20, as part of a 3-leg combo on 9/26/2025; exited at a net debit of $0.20 on 10/24/2025. Profit: 83%.1
Four-leg combo on Tesla (TSLA -2.82%↓). Entered at a net credit of $2.60 on 9/23/2025; exited the call spread at a net credit of $0.02 on 10/23/2025; exited the put spread at a net debit of $0.17 on 10/24/2025. Profit: 93%.2
Calls on Bit Digital (BTBT 7.69%↑). Bought for $0.61 as part of a risk-reversal on 8/28/2025; sold (half) for $1.80 on 10/20/2025. Profit: 195%.
Four-leg combo on Esco Technologies (ESE -1.55%↓). Entered at a net debit of $3 on 8/6/2025; exited the put spread at a net debit of $0.20 on 8/14/2025; exited the call spread at a net credit of $12 on 10/24/2025. Profit: 293%.3
Call spread on Celestica (CLS 1.48%↑). Entered at a net debit of $1.92, as part of a 4-leg combo on 8/25/2025; exited at a net credit of $8 on 10/24/2025. Profit: 317%.
Four-leg combo on Repligen (RGEN 1.48%↑). Entered at a net debit of $0.70 as part of a 4-leg combo on 9/26/2025; exited the call spread at a net credit of $8 on 10/21/2025; exited the put spread at a net debit of $0.20 on 10/24/2025. Profit: 1,014%.4
On premium collected; profit on max risk = 125%.
On premium collected; profit on max risk = 33%.
On premium outlay; profit on max risk = 68%.
On premium outlay; profit on max risk = 125%.