With markets doing a whole lot of nothing to start the week, we ran across a familiar old friend on the News Flow Scanner…
We’ve had a lot of luck trading this stock when it graces the scanner. It doesn’t hit all that often but when it does, it grabs my attention… and that stock is Raytheon (RTX).
Raytheon is of course a major U.S. defense contractor that makes all those weapons of war. So whenever the war machine starts cranking up, you can get traders turn an eye toward this stock.
We’re not here to talk geopolitics and things of that nature — we’re here to trade…
And with everything going on in the Middle East and Ukraine, well, we’ve seen some interesting trading action in this old stalwart.
We also saw another order hit in Citi (C ) ahead of its pre-open earnings report coming Friday, so check that out below — just remember to respect that weekly expiration risk because it can and will go to $0 if wrong!
Be sure and join me at 10 a.m. ET on Thursday, April 11, to see how I’m trading Bank Blowout 2024!
Tuesday’s Top Order Flow:
- RTX Aug24 Strike: 110 Calls premium: $338,740 ABOVE ASK BULLISH
Trade Date: April 9, 2024 Trade Time: 11:21 am - MU Apr24 Strike: 120 Puts premium: $378,594 ABOVE ASK BEARISH
Trade Date: April 9, 2024 Trade Time: 10:58 am - C Apr24 12th Strike: 61 Calls premium: $195,691 ASK BULLISH
Trade Date: April 9, 2024 Trade Time: 10:04 am
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
Lance Ippolito Trading Team
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.
P.S. 9 Bank Names to Watch Over the Next Week
Bank earnings for the first quarter of 2024 kicks off on April 12…
With notable financial stocks like JPMorgan, Wells Fargo and Citi set to announce before the open Friday, followed by Bank of America and a few others that I’m personally interested in.
As a matter of fact, there are about nine names I’m looking to trade over the next seven to eight days.
While I’d never guarantee a future return, you can tag along and see the stocks I’m interested in.
I share all the details during a special bank earnings preparatory event called “Bank Blowout 2024.”
If you’d like to catch it and see the full list of all nine banking stocks I’m looking to target over the next week…
