Just because the meat of earnings season is behind, that doesn’t mean the fun is over…
Not by a long shot!
In fact, we have some major companies reporting this week, including Nvidia after the close on Tuesday along with HP, and some other retail names like Nordstrom and Guess, among others.
But first, we saw some January monthly, $18 strike calls in YPF, an Argentine oil company. We also saw an order recently in GGAL, another Argentinian name — stocks we hardly if ever see hit the News Flow Scanner.
The country just had some elections, and the president who favored smaller government and less regulation won, and it has been a boon for these stocks.
We also saw a $533,000 short bet in PDD, a Chinese ADR name. These puts are out of the money and PDD reports earnings on Nov. 27.
The stock was up over 3% today, and it’s up well over 50% the past month. This trader could of course be hedging a long position, or looking for a retracement back down after the big run higher.
For earnings plays, Best Buy spent most of the day just barely in the red, down about 0.5% to just under $68 a share.
Markets are seeing a nice rally Monday ahead of the Thanksgiving holiday, so party on!
Monday’s Top Order Flow:
- PDD Dec23 Strike: 105 Puts premium: $533,260 ASK BEARISH
Trade Date: November 20, 2023 Trade Time: 12:33 pm
- BBY Dec23 1st Strike: 70 Calls premium: $198,200 ASK BULLISH
Trade Date: November 20, 2023 Trade Time: 9:58 am
- YPF Jan24 Strike: 18 Calls premium: $202,115 ASK BULLISH Trade Date: November 20, 2023 Trade Time: 12:09 pm
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
Lance Ippolito Trading Team
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
Hey, trader! It’s your Unusual Options Professor… Lance Ippolito!
And I just wanted to tell you to get ready…
Because at 1 p.m. ET on Wednesday, Nov. 22, we’re bringing back my awesome “Unusual Options Secrets” training class.
The last time we hosted this particular training event was November of last year…
And no joke… it was one of the BEST events we had in 2022.
A ton of people showed up and walked away with so much value — I literally gave away all my best stuff.
I showed everyone…
- How to read and track unusual options activity using a free online scanner.
- How unusual options can give you the THREE most important elements of any trade.
- And I discussed the power of out-of-the-money options…
And since last November, you have been asking to do it again…