We’re back with a full trading week after the Thanksgiving holiday, kicking things off with a BANG this morning, hitting on a gain just shy of 40% in 45 minutes for Shadow Trader members!
Thank you, Robinhood (HOOD)!
I saw this order hit soon after the open, sent the alert to enter 5 minutes later and we were out by 10:23 a.m. And that’s how you start the trading week off with a BANG!
Be sure and check out the special we’re running right now for Shadow Trader!
We also saw another play that I really like, but with a caveat…
The play hit at 10:43 a.m. ET with the stock already up 3%. Personally, I’d like to see a pullback in this stock, and we got it by this afternoon after it pulled back to about a 1.2% gain, and the stock is Boeing (BA).
The was in the December monthly expiration, $162.50 calls with shares trading just under $158 apiece as of 1 p.m. ET.
So this is one to keep an eye on over the next day or so.
As for earnings this week, it’s mostly retail names…
We saw an order hit Friday in the Foot Locker (FL) Dec. 6 calls, with a trader dropping a sizable chunk of change on the $28 strike. FL reports before the open Wednesday, and market makers are implying a move of $3.83 higher or lower.
With shares trading at $25.23 today, this order is very much in play if you like FL. And if you really like FL, the $26 and $27 strikes both have plenty of open interest and nickel- or dime-wide spreads. Just know that this play can and will go to $0 if wrong!
Finally, we saw an order in GitLab (GTLB), but with a catch — it doesn’t expire until July of next year, which is way too long-dated for our taste.
However, back on Nov. 21, we got a pretty sizable order in the December $70 calls. Shares are trading a little under $2 lower since this trade was placed. And with market makers implying a move of $8.05 higher or lower on the announcement and shares trading around $63.50, this order is in play — IF one feels good about GTLB’s chances to beat.
Just remember that over-leveraging your account in risky, short-dated plays can come back to bite you if wrong. So 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.
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. Bored By Technical Analysis? Try This Instead
Sorry, financial gurus!
But my trading strategy breaks all of the rules. I don’t spend hours dissecting a company’s financial statements…
I don’t get wrapped up in technical analysis…
And I don’t wait for some goofy pattern to appear on a chart.
In other words, my trading strategy isn’t as difficult as you might think.
I just wait for a little green light to flash…meaning there could be market-moving news on the horizon…
Then I place my trade…And in most instances when things work out, we rarely wait more than 24 hours to take profits.
Some of my most diligent followers have placed these trades alongside me.
Like Phil for instance…
Naturally, there were smaller wins and those that did not work out, but I was proud as a peacock when Phil wrote back with that result.
Now, I can’t promise future profits or against losses…
But I CAN promise to show you how to make these types of trades about twice per week.
Past performance is not indicative of any future results. Trade at your own risk. From 2/21/20 – 11/26/24 on live trades the win rate is 69.98%, the average return is 11.95% on the options over a 5 day average hold time.
