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Friday’s SU Calls RIP While Bears Load Up on Uber Ahead of Tuesday’s Report

by | Jul 31, 2023

Did you catch Friday’s video? I sure hope so because I discussed a $2.7 million play some big-money trader put down on Suncor…

And BOOM, those calls exploded this morning!

And that wasn’t all I gave away on Friday… I also listed the Aug. 4, $9.50 SOFI calls, and check this out…

That’s a nice gain, and those calls actually peaked at $2.18 at 10:45 a.m. ET — BANG!

So what do I have in store for today? 

Uber… We saw about $380K dropped on Uber August puts. Now, this could be downside protection on a stock position. But I do like this trade. As always, I use proper risk management because these puts could go to $0 if earnings are good. 

I also have Palantir, SentinelOne and more on tap, so check out the video up top and I’ll cover them all in real time!

Video Highlights: 

  • Palantir, a favorite of mine, showed positive movement.
  • There was notable put buying for Uber… It could be protection before earnings but I like this trade.
  • And more!

Monday’s Top Order Flow: 

  • Uber Technologies Inc. (NYSE: UBER):  August $48 PUT. 
  • Palantir Technologies Inc. (NYSE: PLTR): October $23 CALL.
  • SentinelOne Inc. (NYSE: S): January $19 CALL.
  • And more!

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

P.S. [Your Invite] Complementary Bootcamp Session: The M-Spike

If you know Senior Strategist Roger Scott at all, then you know he’s been trading for 30 years.

In that time, he’s seen a lot of different trading strategies come and go… 

But there’s been one strategy that has consistently outperformed the market… 

Roger calls it, “The M-Spike.” 

It’s a unique pattern that can be found on any chart… and it’s a sign that a stock could be about to make a big move!  

So he’s hosting a free bootcamp session at 10 a.m. ET on Tuesday, Aug. 1, to reveal this pattern!

In this session, he’ll show you how to spot it… how to trade it… and how to make it work for you! 

This will be an in-depth training session, complete “meat and potatoes” with no marketing BS! 

Register for the bootcamp today, and Roger will see you at 10 a.m. ET!

Register for Roger’s Bootcamp Today!   

P.S. He has prepared a report of notes for you to bring to Tuesday’s bootcamp session, so make sure to register so you receive it!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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