Portfolio Modifications - 07/29/2025
Novo Nordisk, AMD, Uber & Oscar.
I’ve always said that fundamentals, research & convictions matter, but beating the market comes down to execution. That’s what these write-ups will be about.
I will share through them every change in my active portfolio - stocks & options, reasonings & plans, before I even hit the buttons. I won’t update DCAs, I will only share my plans & new/closed positions in these write-ups. You can follow the rest directly on savvytrader.
https://savvytrader.com/wealthyreadingspro/active
I also recently opened a Buy & Hodl portfolio on which I will DCA $4,000 every month & focus on buying the best assets I can at the best possible price, 100% focused on fundamentals & valuation, without any active management.
https://savvytrader.com/wealthyreadingspro/buyandhodl
Keep in mind that both portfolios have completely different goals and I can behave very differently on both for the same name - accumulating in the buy & hodl while selling in the active portfolio for example. Different rules apply.
My goal is to deliver alpha over the long term, not just six months under easy market conditions. If/when proven this content is valuable, it will be shared behind a paywall. No rush, though; it’ll stay free until proven valuable.
So here’s the deal: you get full transparency on my trades, right when I make them. If - and only in that case, it brings real & long-term alpha, it’ll be accessible only for a fee. I believe that’s fair enough, but feel free to provide feedback!
Nothing shared here is financial advice; we are all responsible for ourselves.
Active Portfolio - Closed AMD for 32.26% gains & UBER for 1.13% gains.
The portfolio’s performance is back on par with the S&P 500. Will get better from here.
Option Portfolio - Closed OSCR Jun18'26 $25.
Words on NVO Jan16'26 $90.
Accumulation of TMDX Jan16'26 $150.
I shared two weeks ago that we could have a slowdown the next weeks as we were pretty extended & seasonality is historically not very favorable in August.
I also said my option portfolio should behave better than average in this situation, but it hasn’t been the case over those last two weeks. And yet, I continue to expect some weakness, hence closing on some gains & fetching some liquidity in both portfolios.
The S&P 500 continues with its bearish divergence & it is a bit hard to imagine what could fuel it much further from here as even trade deals with Japan, Europe & the confirmation of meetings with China this week is not pushing it higher - only some very specific sectors.
The market is extended & needs a breather, it can be with some red candles or simply stagnate for a few weeks, it can happen tomorrow or in two weeks, but I’d rather have some cash available.
The dollar is also giving some signs of strength for the first time since months… And a strong dollar is not a good dollar for equities.
Data does not scream to short term returns but to be clear: I am not calling for a crash or anything of the sort. But I wouldn’t be surprised if August were not the best month, potentially a red month. And as I shared in the weekly, it’s always better to be aware & to have plans.
Mine is to have some cash available in all my portfolios, and to accept the red days for what I hold on the option account. It’s part of the game.
AMD.
Compute is one of the sectors which pushed higher those last weeks as the U.S. government relaxed its export controls on GPUs and both Nvidia & AMD pushed higher on the news.
The stock is not necessarily massively extended but I took my shot & locked my gains, we are on a massive resistance & sitting on 36% returns in less than a month.
We’re more likely to have a breather or a bigger pullback than a continuation from here - to my opinion.
Uber.
This is the example of a great plan wrongly managed. I didn’t close the position as I should have and am working on correcting those mistakes. Price action was crystal clear with momemtum divergence and I didn’t pay attention.
And just like this, what should have been a great trade becomes… A flat one. There are some learnings here, that’s what this trade is about.
OSCR Jun18'26 $25.
I closed this one as well to use liquidity on a stronger conviction: Transmedics.
The healthcare sector continues to be beaten up, Oscar released pre-earnings & UNH released earnings today, none convinced the market… My convictions were not strong enough to hold this, which was supposed to be a momentum play.
Accepting the loss & moving liquidity.
TMDX Jan16'26 $150.
I don’t think I need to repeat the plan, I have shared it many times already. It is now 27% of my option account & my biggest position through all portfolios. Earnings are tomorrow post market.
Useless to say those will have a huge impact on performance.
NVO Jan16'26 $90.
Some comments on Novo Nordisk which lowered its guidance today due to lower demand for their GLP-1 products and got punished by the market.
The company remains a great company & I continue to believe it is undervalued but the market doesn’t care about my opinion and my option calls are down 75%, which doesn’t impact overall performance much as the position was small.
A position now really small as you can imagine & not worth cutting today. Those big drawdowns are not a sign of a bottom but are usually followed by some relief as shorts might cover their positions & long-term buyers step in. I will wait patiently for that kind of bounce to close the position as we shouldn’t expect the market to change its view on Novo over the short term after this kind of fundamental releases.
Some patience to close the position under better conditions.