Well, we did it again…
After covering a flurry of scanner activity in Nio (NIO) on Friday, with umpteen bullish orders hitting all day long long, NIO opened up 18% on the day, with the October monthly expiration, $6 calls DOUBLING from Friday closing price — BANG!
This is why we follow the flow…
And when we see A TON of flow in one name, it grabs our attention every time!
So what are we seeing today?
For starters, how about Foot Locker (FL), a potential play on Nike’s (NKE) earnings report after the close on Tuesday…
With FL trading for less than a third as shares of NKE, this is a MUCH cheaper alternative to playing Nike straight up.
And we like CHEAP!
A trader nabbed the Oct. 4, $27 strike calls in FL today. And as 12:45 p.m. ET, those are going for about $0.40 a contract.
A similarly priced call in NKE that’s about $1 out of the money will cost you around $2.75 a contract.
So you’re getting more potential bang for your buck there, assuming things play out and the stock’s rise after the report.
We also saw back-to-back short orders in EHang (EH), which is a stock that seldom if ever hits the scanner. EHang makes autonomous aerial vehicles, which look pretty cool if you’re not afraid of flying in a drone taxi.
Both orders are also for decent-size premium, topping $70K each, with shares trading around $14.30 this afternoon, up about 2% on the day.
We also saw a longer-dated play in UP Fintech Holding (TIGR) in the January $6 calls hit the News Flow Scanner, followed by three other bullish bets on the Penny Options Scanner this morning with shares bouncing 31% on the open.
The flow in this ticker started on Friday with the October $4.50 calls — which made a monster bounce on the open today. Is its move over now?
Possibly, maybe even most likely… But the same could have been said about Nio on Friday and look what happened with it this morning!
As always, respect that risk!
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.
- TIGR Jan25 Strike: 6 Calls premium: $497,000 ASK BULLISH Trade Date: September 30, 2024 Trade Time: 10:31 am
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
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. The Stage Is Set for a Red-Hot October
So I’ve been talking to my pal Jack Carter…
He thinks the stars are aligning for a RED-HOT October kicking off on Tuesday.
And with headlines like these, it’s pretty easy to see why:
As you know, when the big insiders start to throw money around, there are plenty of opportunities for everyday traders — if they know where to look!
So I’m going to join Jack LIVE 1 p.m. ET on Tuesday, Oct. 1…
And in addition to sharing his No. 1 stock play for the month, and two to three more of his best October plays from his research…
I’ll be pulling up the scanners to share where Wall Street is throwing its money to start the month.
Now, I can’t promise my future returns or against losses…
But if you want to get all of this amazingly actionable info…
