Avoiding plays too correlated to the S&P 500 (SPY) and Nasdaq 100 (QQQ) has been my focus of late…
But I did mention this morning on Telegram that I loved the Amazon (AMZN) next week expiration, $200 strike calls, mainly because if Google parent Alphabet (GOOGL; GOOG) pops on earnings, then AMZN would pop.
Then the opening bell rang and BANG, AMZN went straight up, over 3.7% before lunchtime.
If GOOGL sells off on earnings, I’ll probably double down on AMZN calls that capture earnings next week.
I also mentioned that I liked Harley-Davidson (HOG) as a short, and then BAM, we saw about $184K in premium invested in the August monthly $35 puts.
HOG reports before the open on Thursday. The stock is trading around $34.60 after dipping about 2% as of this writing, with market makers expecting a move of $3.41 higher or lower following the report.
We covered some GOOG orders in this newsletter on Monday, and followed up with today’s biggest order down below, as well as an order that hit during the final minute of trading on Monday.
Finally, we saw some August monthly calls in Cloudflare (NET) that capture earnings next month. NET is a longtime favorite for earnings season!
As always, respect the risk — the weekly options can and will go to $0 if wrong or 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.
- HOG Aug24 Strike: 35 Puts premium: $183,502 ABOVE ASK BEARISH
Trade Date: July 23, 2024 Trade Time: 10:21 am - GOOG Aug24 Strike: 195 Calls premium: $551,005 ABOVE ASK BULLISH
Trade Date: July 23, 2024 Trade Time: 11:40 am - GOOG Jul24 26th Strike: 190 Calls premium: $148,482 ABOVE ASK BULLISH
Trade Date: July 22, 2024 Trade Time: 3:59 pm - NET Aug24 2nd Strike: 86 Calls premium: $113,120 ABOVE ASK BULLISH
Trade Date: July 23, 2024 Trade Time: 10:37 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.
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