Earnings season is in full swing, with Netflix getting a sweet 10-plus percent bounce today
And guess what hit the News Flow Scanner during the final minutes of trading Thursday?
BANG — nailed it! Those November monthly expiration, $760 strike calls went from about $9.80 at time of purchase to $25.40 this morning on the open!
Those October $690 calls went from $24.50 to $71.05 🤯🤯🤯
Too rich for our blood… but it just goes to show what the scanners are capable of. Those orders that hit seconds and minutes before the close always catch my attention!
It also hit on ISRG calls and CVS puts from yesterday, so things are heating up!
But what about what’s hitting today?
Airlines have been on a tear lately, and we’ve seen several bullish bets on American (AAL) of late with the company reporting earnings Thursday!
AAL popped Friday, over 3.3% at one point, and traders had been aggressively buying the $12.50 and $13 strike calls for this week and next. Late Thursday, someone snagged the November monthly $14 calls, and then another trader grabbed the $12.50 calls for next week this morning.
We also saw a few bets in DraftKings today that capture its Nov. 7 report date. There are over $7 out of the money, with market makers expecting a move of $5.69 higher or lower by expiration.
If we felt really good about DKNG’s earnings prospects, we’d probably look a little closer to the money.
Finally, we saw a bet in Lam Research (LRCX) that captures its Oct. 23 earnings report. LRCX’s chart looks pretty horrible since topping $113 a share back in July…
As always, respect the risk because these earnings plays can and will go to $0 on you in a hurry if wrong, or simply if the stock doesn’t move enough!
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.
There is inherent risk in trading. Trade at your own risk.
- LRCX Nov24 Strike: 75 Calls premium: $150,000 ASK BULLISH Trade Date: October 18, 2024 Trade Time: 11:40 am
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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, scammers and crypto bros.
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.
Jeffry’s about to break down his 84-0 trading record for this method, and how he’s been taking advantage of a mispricing error from Wall Street.
He’ll be exposing a “glitch” in the market that’s been averaging $2,156 each month based on a $10K starting stake.
While he cannot promise future returns or against losses…
Don’t miss your chance to see how you too can place trades just like this.
*The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 6/28/22 to 10/10/24 the win rate is 100% over 84 published alerts. The average return is 7.25% with an average hold of 13 days. Annualized the return on options is 233.63% per year without compounding.
