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Bears Jump on Board AAL Puts to Get Light-Volume Week Started

by | Sep 5, 2023

I’m back! I had a great trip to California, but I missed my trading desk… and of course all of you in the Lance Ippolito Trading community!

Unfortunately, we’re seeing light volume after the long holiday weekend, so I wouldn’t get too frisky with any position sizing at this point. 

I also expect a little cooling off period after the market caught a nice bid higher last week, and we saw a lot of puts hitting the scanner through Tuesday afternoon.

We got some short action in American Airlines right after the open this morning, so I hopped on board and took a ride in the September monthly $14.50 puts…

We also saw bearish action in both AMD and SE, so roll the tape up top and let’s cover in 1 minute flat!

Tuesday’s Top Order Flow: 

  • American Airlines Group Inc. (Nasdaq: AAL): September $14.50 PUT.  
  • Sea Ltd. (NYSE: SE): September $37 PUT.  
  • Advanced Micro Devices Inc. (Nasdaq: AMD): Sept. 8, $110 and $111 CALL; Sept. 22, $107 and $109 PUT.  
  • And more!

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. Cheating Isn’t ALWAYS Bad… 

As of late my ego has been getting bigger…

And I’d imagine it’s because my trading has been on point

In a matter of 3 days, I closed all of these trades — they were my best of August! 

  • 276% on ZIP — in two days!
  • 138% on TOST — overnight!
  • 100% on VST — overnight!

Not bad right?

But here is the thing… It’s not because I’m some trading prodigy…

It’s because of my newest trading tool the News Flow Scanner — or NFS for short.

It’s kinda like a cheat code for finding the best options opportunities the market has to offer…

And for the first time — on a large scale — I’ve agreed to share the NFS and teach everyday folks exactly how to use it, just like I do.

And who wouldn’t want that?

And Who Wouldn’t Want to Do That?!

The performances displayed here are historical examples based on scanner signals for the time period shown. The profits and performance shown are not based on any sort of typicality as there are no published alerts associated. We make no future earnings claims, and you may lose money.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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