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A Judicial Coup

Trump with a judge in the background.
Time for Trump to cross the Rubicon?

A Judicial Coup

Right now, the main force standing between President Trump and his enactment of the policies he was voted into office to implement are leftwing federal judges. The thread below on X does a good job of capturing how irregular this is. Following that thread, we'll close with a brief trading update, in light of the current challenging market environment. 

Let's hope the Trump administration has game planned for this scenario. In the meantime, a brief note about the current market environment. 

Trading A Tough Market 

It's been another challenging week in the market, but so far we have managed to have several successful trade exits: 

  1. Calls on Tencent Music Entertainment Group (TME 3.73%↑). Bought for $2.15 on 10/1/2024; sold for $3 on 3/18/2025. Profit: 39.5%.

  2. Calls on Robinhood Markets (HOOD 5.26%↑), $40.5 strike. Bought for $1.50 on 3/12/2025; sold for $2.10 on 3/19/2025. Profit: 40%.

  3. Call spread on QIFU Technologies ( QFIN 1.15%↑). Entered at a net debit of $1.60 on 2/28/2025; exited at a net credit of $4.10 on 3/17/2025. Profit: 156%.

  4. Calls on FUTU Holdings (FUTU 3.08%↑). Bought for $2.15 on 3/17/2025; sold (half) for $6 on 3/18/2025. Profit: 179%.

  5. Calls on Robinhood Markets (HOOD 6.70%↑). Bought for $1.32 on 3/13/2025; sold (half) for $4 on 3/17/2025. Profit: 203%.

We have a few other trades we haven't exited yet, and at least a couple of those are likely to expire worthless tomorrow, but overall, we've picked our spots fairly well. We have another trade teed up for today; if you'd like a heads up when we place it, feel free to subscribe to our trading Substack/occasional email list below.  

And if you want to take advantage of the next dead cat bounce to hedge, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below (or by tapping here, if you're reading this on your phone). Our app can help you find the least expensive hedges given your risk tolerance and time frame.

 

a judicial coup

 

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).

 

 

via March 20th 2025