Earnings flow has all but died as we head into the end of the season… before it begins to ramp up again in a few short weeks.
Not to mention, we have a lot of upcoming volatility with Wednesday’s interest rate decision, so it’s no surprise things were a bit slow Tuesday.
And while we knocked one out of the park in Monday’s edition of this newsletter with Intel (INTC) calls, it’s not often you see a clearcut signal like we did yesterday, with INTC literally peppering the order flow.
We did, however, see something unusual…
It seems pretty big money is moving into MicroStrategy (MSTR), some of it for the long haul…
We saw three long bets in MSTR, the first and wildest order of the day coming in shortly before 11 a.m. ET in the form of the January 2026 expiration, $365 calls.
Not only is that super long-dated, but it’s also a staggering $235 out of the money…
The latter two orders that came this afternoon at least look more realistic on the surface, in the Sept. 27 and Oct. 4 expiration, $132 and $145 strike calls, respectively.
MSTR was at $140 this morning, so it could theoretically get right back up there in a hurry if there’s news coming. Somebody always knows!
These orders are, however, on the pricey side. So as always, respect that risk!
We also saw a couple of back-to-back orders in Cloudflare (NET), with shares rising 1.6% off the lows of the day.
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.
- MSTR Oct24 4th Strike: 145 Calls premium: $100,980 ASK BULLISH
Trade Date: September 17, 2024 Trade Time: 1:23 pm - MSTR Sep24 27th Strike: 132 Calls premium: $207,690 ASK BULLISH
Trade Date: September 17, 2024 Trade Time: 1:12 pm - MSTR Jan26 Strike: 365 Calls premium: $199,999 ASK BULLISH Trade Date:
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. A MASSIVE Market Redirect Is Less Than 24 Hours Away
While everyone else is focused on the FOMC, elections and rising market volatility…
The control of a HUGE chunk of assets will be transferred — LEGALLY — on Sept. 20.
Historically speaking, these kinds of events only happen on 1.58% of trading days.
And when they do, they tend to cause abnormally large moves in under 72 hours…
Now this has nothing to do with earnings, an indicator or even the Fed’s interest rate decision. But the good news is… it’s the PERFECT setup for the same signal that’s hit 61 winners so far in 2024…
Now, I cannot promise future returns or against losses…
But as far as I know, this signal can tell us with high accuracy the stocks will likely explode higher once these assets worth Trillions of dollars get transferred on Friday.
It’s part of the reason I’m hosting an emergency LIVE session this Thursday at noon eastern…
You see, by the time this rare event happens, most folks would be unprepared…
And it may be too late to take advantage.
So if you can, make sure to join in for Thursday’s emergency briefing…
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 9/06/24, the average win rate is 68.8%. The average weighted rate of return on options trades was 6.84% over a 3 day average hold time.
