You know what’s going down at 3:30 p.m. ET TODAY? TRADE THE CLOSE!
Well, Election Day has come and gone, we have a new president who’s an old president returning to the White House…
And it’s a PARTY on Wall Street! Speaking of parties, you’re cordially invited to TRADE THE CLOSE with me at 3:30 p.m. ET TODAY!
Starting with stocks like Tesla (TSLA), of course… Bitcoin is at all-time highs… and heck, even the boring old banks are blasting off!
Check this out…
- WFC Nov24 8th Strike: 67 Calls premium: $524,703 ABOVE ASK BULLISH
Trade Date: November 5, 2024 Trade Time: 11:09 am
The trader who placed that order Tuesday morning is up a cool $5 milly, with Wells Fargo (WFC) up a staggering 14.5% this afternoon. That pushes those calls from around $0.44 at the time of purchase to $6.50 today — and it’s still rising!
But what else do we have cooking up for today?
Well, we still have a full slate of earnings, and one play that caught our eye was Pinterest (PINS) for Thursday…
We don’t know a ton about Pinterest, other than it’s big for people to share recipes and stuff. But we honestly don’t much care what any of the companies that hit the scanners do because we’re here to trade.
And what’s particularly interesting about PINS today is that we’ve gotten three separate orders across both the News Flow and Penny Options scanners… and that piques our (P)interest…
The first order hit on Monday in the $34.50 strike calls that expire Friday. The second two orders came today in the weekly $37.50 calls, with PINS trading near $33.50, up 2.2%, this afternoon.
So the $37.50 calls are a bit further out of the money, but still within the Market Maker Move of $4.44 up or down on the announcement.
If someone really felt bullish about PINS for this report, we’d probably stick a little closer to the money…
But no matter what strike we picked, we’d know going in that this play can and will go to $0 if wrong because this is a volatile weekly option, which carries a lot of risk!
We also saw a sizable order hit in Fortinet (FTNT) calls late last week that are still in play with the company reporting after the close Thursday.
And finally, we saw an order in Cameco (CCJ) calls this morning that captures its report before the open Thursday. There’s a little more time for these, but it can still turn against you in a hurry if wrong!
So while the market is in party mode right now, that’s no reason to trade above your means and risk it all…
Only to blow up your account — respect that risk!
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.
- FTNT Nov24 8th Strike: 82 Calls premium: $596,515 ABOVE ASK BULLISH
Trade Date: November 1, 2024 Trade Time: 2:49 pm - CCJ Nov24 Strike: 56 Calls premium: $102,000 ASK BULLISH
Trade Date: November 6, 2024 Trade Time: 11:27 am - PINS Nov24 8th Strike: 34.5 Calls premium: $125,550 ASK BULLISH
Trade Date: November 4, 2024 Trade Time: 2:23 pm
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.
P.S. The ‘Secret’ to Catching Tesla’s Bullish Waves
Back in January 2023, shares of Tesla had dumped to around $200…
A lot of traders panicked…
But thanks to a special indicator I like to use, I knew we were on the verge of a new bullish cycle.
How? Simple.
It flipped from red to green…
Had you opened a basic trade while the indicator was green, you could’ve seen an 89% ROI in just three trading days…
That would’ve been enough to turn $5,000 into $9,450…
But here’s the thing…
This bull cycle KEPT GOING…
Which led to a total of four winners in four weeks!
Of course, it doesn’t always work out this way. There were smaller wins and those that didn’t work out. Plus, I can’t guarantee future wins or prevent losses…
However…
This is the beauty of the indicator.
When it’s green you know with 100% confidence it’s the PERFECT time to target Tesla.
And a New Tesla Bull Run Just Has Begun!
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 11/02/2023 – 11/4/2024, on live issued trades, the result is a 75.4% win rate with an average return of 30.06% — including winners and losers — over a 4-day hold period.
