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Chip Flow Slow Ahead of NVDA Earnings, Bull Bets on Robinhood Surge

by | May 20, 2024

>>>See my No. 1 “Insider Stock” at 2 p.m. ET TODAY!<<<

It’s a big week for earnings with the king of all chip stocks, Nvidia (NVDA), on deck along with a host of big retail names…

But the order flow in NVDA has all but dried up in one of the most heavily traded tickers ahead of its big date after the close on Wednesday. 

We saw 10 NVDA orders on May 15, then three on May 16 and just one on Friday, May 17. Flow in cousin stock Advanced Micro Devices AMD) was also muted Monday, and bearish, with both orders we saw in the morning being puts. 

Things will likely pick up as we get closer to report time, so let’s take a look elsewhere until then…

We did see a pretty hefty order in Robinhood (HOOD), which has been on an absolute tear of late. HOOD is up 25% the past week, and up 46% the past three months on the back of strong earnings and a big spike in crypto trading. 

A bullish trader stepped in to grab the July monthly expiration, $20 strike calls with shares trading just over $20 on Monday and sharer rising over 2% at one point. 

We also saw a bullish bet in Disney (DIS), which has sold off some since reporting earnings a couple of weeks ago, and a big bet in Moderna (MRNA). 

As always, that weekly MRNA option can turn against you in a hurry, so respect that risk!

Monday’s Top Order Flow: 

  • DIS Nov24 Strike: 105 Calls premium: $180,533 ABOVE ASK BULLISH
    Trade Date: May 20, 2024 Trade Time: 12:58 pm
  • HOOD Jul24 Strike: 20 Calls premium: $208,895 ASK BULLISH
    Trade Date: May 20, 2024 Trade Time: 10:15 am
  • MRNA May24 24th Strike: 134 Calls premium: $384,100 ABOVE ASK BULLISH
    Trade Date: May 20, 2024 Trade Time: 1:05 pm

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. My No. 1 ‘Insider Stock’ for May

Alright, I’ve opened the live room where I’ll share my No. 1 insider stock with everyone…

Here’s your Zoom access link.

This stock had a great start to the year but suddenly reversed at the end of February. After falling through April, and putting in an apparent bottom in May, the company CEO made a seven-figure buy!

And while I cannot promise future returns or against losses, you might want to grab a pen and notepad while you’re at it…

Because this session will NOT be recorded. 

See You In a Bit!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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