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Bears Pounce on Shorts After Weeklong Rally

by | Nov 6, 2023

Puts, puts, puts, puts, PUTS!

That’s what we’re seeing hit my News Flow Scanner on Monday to kick off a new trading week after a sharp rally in the S&P 500 last week. And kicking things off, we have the dirty dog — double-D-O-G, Datadog, which reports earnings before the open on Tuesday. 

We saw a trader step in to buy the Nov. 10 expiration, $71 strike puts in DDOG, dropping about $146K with shares down over 2% on the day to right about $80 a share. This stock is a high-flier and market makers expect about an $8 move higher or lower after its report.

It’s rare to see DDOG hit the News Flow Scanner, so this caught my attention. It could easily be downside protection so as always, trade small, trade smart. 

We also saw someone step in and scoop up a 1,000-lot of the weekly $115 puts in DR Horton, totalling about $223K in premium ahead of the homebuilder’s earnings report Tuesday morning. 

Homebuilders caught a bid last week, so this trader could be looking for a retracement back down…

We also saw some Nvidia, Trade Desk and Yeti puts… so check out my video for the full breakdown in 1 minute flat!

Monday’s Top Order Flow: 

  • DDOG Nov23 10th Strike: 71 Puts premium: $145,629 ASK BEARISH
    Trade Date: November 6, 2023 Trade Time: 10:13 am
  • DHI Nov23 10th Strike: 115 Puts premium: $223,362 ABOVE ASK BEARISH
    Trade Date: November 6, 2023 Trade Time: 10:15 am
  • NVDA Nov23 10th Strike: 442.5 Puts premium: $116,986 ABOVE ASK BEARISH
    Trade Date: November 6, 2023 Trade Time: 9:56 am
  • YETI Nov23 10th Strike: 40 Puts premium: $165,315 ABOVE ASK BEARISH
    Trade Date: November 6, 2023 Trade Time: 9:46 am
  • And more!

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

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 and scammers. 

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. You Have to See This Loophole

I have a secret loophole to share…

Jeffry Turmire just poured $213,000 of his family’s hard-earned money into one asset… 

Before you call him crazy, let me explain. 

I think it will make a lot more sense after this quick training. 

And, No, He’s Not Crazy!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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