I have a list of 100 stocks that I’ve had incredible success trading, and I’m going to use them to turn $25K into $100K — get the details for this upcoming, can’t-miss event here!
There are two corners of the market that are MOVING right now… And they’re probably not what you’d think of first when I say, “Let’s talk shop about stocks.”
In fact, we just saw the biggest order EVER hit the News Flow Scanner in one of these corners of the market late Monday afternoon.
And that’s China ADR stocks.
If you’ve been following along with me for a while, then you probably know that I mostly try to stay away from these stocks.
An ADR (American depository receipt) is a certificate issued by a U.S. bank that represents a share in a foreign stock. China ADR stocks include names you’ve probably heard of like Alibaba (BABA), Baidu (BIDU) and Tencent (TCEHY).
Hong Kong said Monday that it’s basically going to take steps to help pump up the stock market, sparking a big rally in many of these ADR names.
And like I said above, we saw the biggest order EVER hit the scanner Monday afternoon…
To the tune of $23 MILLION in premium.
That’s the good news. The bad news, aside from it being an ADR, is it’s a bit on the pricey side…
Check out my video up top for all the details and my read of the current market!
Meanwhile, it’s a BIG week for earnings, and we saw a bullish order in Seagate (STX), and a couple of puts in Enphase (ENPH), which both report after the close today.
ENPH is trading around $113 this afternoon and market makers expect a move of $15.07 higher or lower, so these are both in range. Puts, however, are often insurance policies against a long position should it tank on earnings, so always keep that in mind.
STX is trading well above $87 today and market makers expect a move of $6.25 higher or lower, so that’s an interesting play. It also expires at the very end of May, which gives more time in case it doesn’t work out or it doesn’t rise quite enough to be a winner tomorrow.
That also makes it a lot more expensive, so be aware!
Also keep in mind, the shorter-dated the orders are, the more risky. That weekly ENPH put and likely the May 3 one can and will go to $0 if wrong — always respect the risk!
Tuesday’s Top Order Flow:
- ENPH May24 3rd Strike: 100 Puts premium: $203,895 ASK BEARISH
Trade Date: April 23, 2024 Trade Time: 11:59 am - ENPH Apr24 26th Strike: 115 Puts premium: $265,980 ASK BEARISH
Trade Date: April 23, 2024 Trade Time: 11:01 am - STX May24 31st Strike: 90 Calls premium: $107,670 ASK BULLISH
Trade Date: April 23, 2024 Trade Time: 11:53 am
LATE UPDATE:
Another BIG order in ENPH puts hit just after 1 p.m. ET. That’s now three puts in one day, all fairly sizable but also fairly expensive. Again, it could be someone hedging against a long position should it tank on earnings.
This is a weekly option so like I said above, it can and will go to $0 if wrong!
- ENPH Apr24 26th Strike: 100 Puts premium: $331,776 ABOVE ASK BEARISH
Trade Date: April 23, 2024 Trade Time: 1:03 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
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. They Hope My $25K Account Goes to $0
A few days ago, I mentioned I was going to do an account growth challenge…
Essentially, the goal was to take a brand-new $25,000 trading account to some pretty extreme heights over the next year and buy a new sports car.
But I heard through the grapevine that some folks are already rooting against me…
And that’s fine!
It’s not like this is the first time I’ve attempted something like this…
I’ve actually done it multiple times over the course of my career. Not a lot of people know this, but before I started working at The TradingPub, I had to show the publisher I knew what I was doing…So, I showed him how I took a tiny $1,400 dollar account to more than $7,100 in just about 70 days…
Obviously, that was all the way back in 2019…
Since then, I’ve grown a lot as a trader. And this week kicks off my next attempt to take an account to new heights….
The only difference between this and the previous attempts is that I’m inviting you to tag along with me…
So If you’d like to see what this $25,000 strategy is all about…
I’d be happy to share it with you…
It involves roughly 100 stocks that I’ve had great success trading. And a new strategy that I’ve been saving for a moment like this…
Now, obviously, I cannot promise future returns or against losses…
We both know trading is not about being perfect…
But, I’ll share more details this week.
The profits and performance shown are not typical for the expressed time frame. This data includes posted trade alerts from Shadow Trader, Wiretap, Alpha Sweeps, and Quick Flips from 2/1/20 to 4/29/24. At the time data was taken all alerts services showed win rates above 70% with the highest average return of 14% with an average hold time of 7 days.
