>>>I’m live trading for earnings, and sharing my earnings indicator with everyone in attendance — the party starts at 2:30 PM ET!<<<
It’s getting harder and harder to stay short in this tape — not because the market looks good but because it just won’t stop going up. Every dip gets bought, every squeeze runs hot and the option flow is pure madness.
The melt-up is real — and it’s getting fueled by nonstop weekly call buying in the biggest names out there.
I’m talking about seven-figure sweeps in stocks like Tesla (TSLA), Amazon (AMZN) and Netflix (NFLX). You don’t throw around a million bucks in short-dated options unless you’re either dead certain or trying to force a move.
Either way, it’s working. The S&P 500 can print 13 points in a blink just off these flows.
This Is What a Blow-Off Looks Like
The setup here feels like one giant squeeze. The worst stocks are rallying the hardest and even defensive names like Humana (UNH) are squeezing higher with no down ticks in sight.
It’s all calls, all weeklies, all momentum.
There’s no edge in trying to short that straight up — not with that kind of flow underneath. That’s why I’m just hedging selectively instead. Buying puts where it makes sense.
Nothing oversized, just enough to keep some protection on while this machine keeps grinding higher. A blow-off top always looks easy while it’s happening — until it isn’t and everything gets whacked.
This market might squeeze another 100 points, but when the unwind hits, it’s going to be ugly. Until then, I’ll keep with hedging small — and watching the big money try to push this thing as far as it can go.
Order Flow:
This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
When you look at these plays, always take the market maker move into consideration.
You can be right on the direction but still lose money if the stock doesn’t move enough. That’s where the market maker move comes in clutch.
With puts, they’re often downside hedges in case a stock tanks, especially around earnings. The further out of the money they are, the more likely they are to be hedges.
Also be sure and check when the company’s earnings date is because many of the plays we post here are centered around earnings!
And finally, always remember the golden rule when it comes to buying calls: Buy dips, sell rips — and don’t chase!
If a stock’s moved a ton already today, maybe wait for a pullback.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. The Smart Money Is Piling in on Several Tickers Pre-Earnings!
With the thick of earnings season winding down, Wall Street insiders are already positioning themselves in key plays, but they won’t benefit from these moves alone….
I’ve laid out all the details on how you can take advantage of these bullish moves…
