>>>THIS HUGE DISCOUNT WON’T LAST MUCH LONGER!<<<
The Penny Options Dashboard did it again…
We covered a few bullish orders Thursday in Archer Aviation (ACHR), and this morning, shares popped 14.5% on the open, sending the $7 calls up from around $0.38 at the time the newsletter went out to a peak of $1.10 this morning — BANG!
There are dozens of potential plays like this hitting the Penny Options Dashboard each and every day. Just be aware that this was an especially big mover. There are smaller wins, bigger wins, average wins and, yes, losing trades, too.
The key is learning how to find the best orders, which I will teach you during free weekly sessions along the way.
If you haven’t checked it out yet, be sure to do so before the special we’re running expires!
As for what’s going on in the market today…
It may be a good time to start looking at hedging long names like TLT, VIX and SQQQ, which is the inverse of the Nasdaq 100 (QQQ), for potential downside ahead.
There is of course the prospect of a Santa Claus Rally with Christmas and New Year’s coming up. Volume should be low, so implied volatility might be an issue with calls, so call spreads might be worth a look — yes, I said it… call spreads.
Am I finally warming up to spreads? Let’s just say I might be cooking something up, so stay tuned!
As far as what’s hitting the scanners, we have Nike (NKE) earnings on deck for Thursday of next week, and we’ve seen some order flow start to trickle in…
We got an order this week in the December monthly expiration, $77 strike calls. Shares are only about 40 cents off where they were at the time of purchase.
Looking even further back, we got a small order in the December $87.50 strike calls, but these are well outside the market maker’s expected move, and shares are down about $1.70 since. It would take an outsized move for this to happen, so we’d steer closer to the money if we really felt strongly about NKE’s chances for a beat.
We also spotted a bearish bet in Lennar (LEN) for earnings next week, but this one’s a bit too pricey for our taste.
Finally, an odd order…
We like seeing tickers that rarely if ever hit, and we got one of those today in the form of KBR Inc. (KBR), and it’s a sizable premium just shy of $400K.
The trader scooped up the January $60 calls with shares trading right around $58.50 this afternoon, flat on the day. KBR is down from a recent peak of $72 a share about one month ago.
Just remember to respect the risk on these earnings plays — they can and will go to $0 next week if wrong or if the stock doesn’t move enough!
Order Flow:
*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.
You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito
And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx
Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Ready to Kick Off Your Penny Trading Journey?
Like I said during this morning’s live session… this week’s been the first time we’re sharing this new version of the Penny Options Dashboard.
Because of that, we’re offering you a $1,000 discount to celebrate!
That means instead of paying $2,497, you’ll be able to secure access for just $1,497.
More importantly, once you sign up today…
You’ll get access to all the LIVE members-only trading sessions…
So if you’d like to get started, go grab the Penny Options Dashboard now.
Once you sign up, you should be able to login to the dashboard immediately to start trading — there’s nothing to download or install.
You can open it right in your web browser.
If you prefer trading from your cell phone, you can open it there, too.
There’s also a 14-day guarantee if you’re not happy with it or it doesn’t fit your trading style.