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ARM Calls to the MOON — AFRM, PINS, EXPE All Reporting Today

by | Feb 8, 2024

I hate to sound like a broken record but, once again… it’s a chip party!

We covered Arm Holdings (ARM) calls in Wednesday’s newsletter and Monday’s live session, and ARM absolutely exploded as much as 60% higher. We gave the Feb. 9 expiration, $74 strike calls on Wednesday, which were trading for around $5.13 at 3:30 p.m. ET, about a half-hour after it hit your inboxes.

With shares of ARM up as much as 60% this morning, it topped $48.73 — that’s an 850% gain… overnight!

These calls were trading around $2.26 Monday morning. Talk about a MASSIVE move — BANG!

But that’s not all… 

We also gave the Lightspeed Commerce (LSPD) February monthly, $18 puts, which were trading for about $0.90 late Wednesday…, BANG, up to $2.85 a contract by Thursday afternoon with shares down 17%.

And the weekly $59 puts in PayPal — BANG, up from $0.95 a contract late Wednesday to $3.08 today with shares sinking as much as 11%. 

But wait, there’s more! We also gave the weekly $98 calls in Disney —  BANG, from $3.28 a contract to as high as $14.18 Thursday afternoon with shares of the mouse house up over 13%!

These are of course just some of the best examples, and no one can time their exits with the peaks… 

But even still, the News Flow Scanner is absolutely on FIRE!

OK, OK enough about yesterday’s news… What do we have in store for today? 

How about some Affirm, some Pinterest, some Expedia — which all report after the close — and even a bonus, some Marathon Digital Holdings, which my buddy Graham is hot on right now!

Here are the market makers’ expected moves with the share price at 2 p.m. ET in parentheses: 

  • AFRM ($48.47): Plus or minus $9.17.
    PINS ($40.65): Plus or minus $5.91.
  • EXPE ($158.85): Plus or minus $14.77.
  • MARA ($21.00: Plus or minus $0.72.

You should know the drill by now, these short-dated plays could go to $0 if wrong — respect that risk!

Thursday’s Top Order Flow: 

  • AFRM Feb24 9th Strike: 47 Calls premium: $100,125 ASK BULLISH
    Trade Date: February 8, 2024 Trade Time: 10:03 am
  • PINS Mar24 Strike: 44 Calls premium: $226,170 ASK BULLISH
    Trade Date: February 8, 2024 Trade Time: 10:21 am
  • EXPE Mar24 1st Strike: 175 Calls premium: $144,750 ASK BULLISH
    Trade Date: February 8, 2024 Trade Time: 1:02 pm
  • MARA Feb24 Strike: 19.5 Calls premium: $121,436 ABOVE ASK BULLISH Trade Date: February 8, 2024 Trade Time: 10:25 am

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. White-Hot Chip Stock Options Exploding  

We’ve been saying it all week…

Chip stocks are THE hottest trades in the market right now.

We saw another one SMASH its earnings expectations…

This time, it was Supermicro Computer…

After the close on Jan. 29, the stock released its latest earnings report.

The following day, the stock was trading nearly $60 higher…

Today, it’s $220 higher…

And We Spotted This Move AHEAD of Time

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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