Taking a look at three tickers for earnings today, and these are three tickers I just so happen to know quite well…
That’s because they’re three of the 100 or so stocks I’ve had the most success trading the past few years across my strategies, starting with Uber (UBER).
I’ve traded Uber eight times officially, winning all eight trades* with an average return of 18.7%
— go here if you want more info on my Road to 100 challenge that started TODAY!.
And so far, the bears have been hitting this ticker ahead of its earnings report before the open Wednesday in the May monthly expiration, $72 and $71 strike puts.
Market makers expect a move around $5.26 higher or lower with shares trading just under $71 Tuesday afternoon.
Now, puts are oftentimes hedges against a long stock position should it tank on earnings. But one thing I do like is both orders are right in the money and obviously well within the market makers’ expected move.
Cousin stock Lyft (LYFT) is reporting today after the close, with shares already down 4.3% on the day.
We also saw puts in Occidental Petroleum (OXY), and calls in former meme stock mover AMC (AMC) — we just covered GameStop (GME) twice in the past two weeks as well, and these are the two stocks that launched the meme stock trend ahead of the 2020 pandemic.
As always, respect the risk!
Top Order Flow:
- OXY May24 24th Strike: 62 Puts premium: $110,097 ASK BEARISH
Trade Date: May 6, 2024 Trade Time: 10:30 am - UBER May24 Strike: 71 Puts premium: $152,500 ASK BEARISH
Trade Date: May 6, 2024 Trade Time: 3:12 pm - UBER May24 10th Strike: 72 Puts premium: $174,018 ASK BEARISH
Trade Date: May 6, 2024 Trade Time: 11:27 am - AMC May24 Strike: 3.5 Calls premium: $116,088 ASK BULLISH
Trade Date: May 6, 2024 Trade Time: 1:55 pm
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
Lance Ippolito Trading Team
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
*The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 4/3/24 through 4/9/24, is currently 100% based on 8 trades and the average rate of return on options trades was 14% over a 1 day average hold time.
**This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. New Trades Posted — Act Fast!
Today’s the day! We just posted our very first Trade Desk alerts…
Don’t worry…
There’s still time to get in before the close, but don’t delay!
The goal with the new Trade Desk strategy is to take a $25K account and turn it into $100K over the next year or so, and to take anyone reading this along for the ride.
New alerts in the strongest stocks in the strongest sectors are entered Tuesday of each week. And like I said, we just posted our first two alerts.
And after midnight tonight, the window to join will be slammed shut…
