We’ve had massive earnings weeks back to back, but it looks like things are cooling a bit and I admittedly didn’t love much of the day’s early order flow…
The market was down and rallied, and much of the day’s early flow left me disinterested after a wild morning chasing my pig around after it got loose.
We did, however, see some more interesting flow as the day went on, including a LONG-dated bet in Brazilian energy company Petrobras after a trader scooped up the June 2024 expiration, $17.50 strike calls…
We also saw a big bet in Tesla calls after news broke that British gas station operator EG Group said Monday it has an agreement to sell the company’s ultra-fast charging units to boost its EV charging network across Europe.
Monday’s Top Order Flow:
- PBRA Jun24 Strike: 17.5 Calls premium: $105,315 ASK BULLISH
Trade Date: November 13, 2023 Trade Time: 11:12 am - TSLA Nov23 Strike: 230 Calls premium: $427,065 ABOVE ASK BULLISH Trade Date: November 13, 2023 Trade Time: 12:00 pm
- SE Nov23 Strike: 30 Puts premium: $173,449 ABOVE ASK BEARISH
Trade Date: November 13, 2023 Trade Time: 11:11 am
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. Very Few Traders Use This Buy Signal
It’s not often that I learn something new about trading…
But this week, I had the pleasure of learning about a premarket trading technique from one of the stock market’s last living legends.
It’s based around a pattern that flashes around 7 a.m. ET…
A pattern that often precedes the market’s most aggressive daily movers…
In fact, I found it so profound that I’m meeting with him in Jacksonville this Wednesday afternoon.
He promised to teach me how to trade this 7am pattern on a weekly basis…
Which is why I’m loading up my truck and heading north for the week…
If you’d like to tag along with me…
