The earnings extravaganza continues Tuesday with Advanced Micro Devices, which reports after the close…
With Nvidia down over 4% this morning and a bad stretch for semiconductor chip names… we just so happened to see some bullish flow into AMD ahead of its report.
With shares trading around $95, down about 1% on the day, a big-money trader dropped about $192K into the weekly $100 calls…
Even though chips have gotten smacked down a bit — the VanEck Semiconductor ETF (Nasdaq: SMH) is down over 14% the past three months — never say never on a rebound!
I like to roll the dice occasionally, and maybe we’ll get a squeeze to the upside after AMD reports.
We also saw some Exxon Mobil puts and some Microsoft calls… and what did I say Monday?
Rotation out of energy names and into tech. That’s the trade I like, that’s what I’ve been doing and why my week has been good to the upside!
Check out the video up top and I’ll break down the day’s top flow in 1 minute flat!
Tuesday’s Top Order Flow:
- AMD Nov23 3rd Strike: 100 Calls premium: $192,400 ASK BULLISH
Trade Date: October 31, 2023 Trade Time: 10:13 am
- MSFT Nov23 10th Strike: 345 Calls premium: $146,500 ASK BULLISH
Trade Date: October 31, 2023 Trade Time: 10:10 am
- XOM Nov23 3rd Strike: 107 Puts premium: $247,000 ASK BEARISH
Trade Date: October 31, 2023 Trade Time: 9:33 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. If You’ve Avoided Trading Earnings… Then This Is for You!
Have you ever wanted to trade earnings season safely and responsibly, but have just never found the “right time”?
I’ve gained quite the reputation for not only banking impressive 24-hour trades…
But NAILING earnings trades.
Now of course, there’s risk with every trade — especially during earnings season — and there are losers…
But just in the past week, I’ve nailed top wins like 232% on RTX and 28% on PFE…
Which were both earnings setups — and both in under 24 hours!
So I’ve decided to host an earnings “preparation session” at 4 p.m. ET on Wednesday, Nov. 1, and I want to see YOU THERE!
I’ll lay out my entire game plan on how I plan to trade earnings this very week….
If you’d like to join Wednesday’s LIVE earnings “prep” session…
Past performance is not indicative of any future results. Trade at your own risk. From 2/21/20 – 10/26/23 on live trades, the win rate is 68.1%, the average return is 14.1% on the options over a 7-day average hold time, with an annualized return of 138.8%.