Trade opportunities are ENDLESS right now —
join me at 2 p.m. ET for my earnings prep class!
I posted a video on Telegram late Monday showing how I was down nearly $2,400 so far in my BIGGEST earnings trade of the quarter position, Snapchat (SNAP).
Am I worried? Heck no! But we keep it real around here so I thought it worth sharing — sometimes you gotta see how the sausage is made!
But I still managed to close the day down only about $11, even though I’m down about 20% on my SNAP position — one that I’m still building.
When I started this position, I mentioned I’d be looking to go in up to $30K…
Along with a warning to NOT try this at home!
Check out my video for a full rundown of where I’m at in my trade of the quarter!
I’ll also show you how I’ve been making up that ground on other trades!
Highlights:
🤑 I’m down $2,362 on SNAP options, but planning to hold through earnings — and add more!
📉 I’m down 20% on the trade but using other trades to recover losses.
🍾 Hoping for a big short squeeze that would double or triple my initial SNAP investment.
⚠️ The importance of proper risk management — because if the trade doesn’t work out, I can afford to take the hit.
Order Flow:
As far as order flow, we have Amazon (AMZN) reporting next week. We didn’t see any orders that capture the event, but a couple of risky weeklies hit the board.
If AMZN can hit around the $190.60ish level, we could see a breakout. Again, these weeklies are very risky so always respect that fact.
Boston Scientific (BSX) caught a buy for earnings before the open tomorrow, with a trader grabbing the November monthly expiration, $88 strike calls, which are directly in the money for a stock that’s up about 13.5% over the past three months.
*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.
- AMZN Oct24 25th Strike: 187.5 Calls premium: $172,500 ASK BULLISH
Trade Date: October 22, 2024 Trade Time: 10:51 am - AMZN Oct24 25th Strike: 190 Calls premium: $169,550 ABOVE ASK BULLISH
Trade Date: October 22, 2024 Trade Time: 10:14 am - BSX Nov24 22nd Strike: 88 Calls premium: $115,260 ASK BULLISH
Trade Date: October 22, 2024 Trade Time: 9:54 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.
P.S. The Trade Opportunities Right Now Are ENDLESS
The stocks announcing earnings over the next 10 days make up the largest holdings in the entire S&P 500…
If they perform well, we may see a BIG market rally this week.
The opposite is also true…
A poor showing could drag the market down…
Either way, it will spark a flurry of trading opportunities…
And while I cannot promise future returns or against losses, I know for sure that I’m going to be ready to target as many opportunities as possible!
That’s because with the elections just days away now, many companies believe their earnings results could be exaggerated
So, if you want to tag along, be sure to show up at 2 p.m. ET today, Oct. 22, for my Earnings Prep class.
Just Join the Room Here at 2 O’clock!
You can also join my free Telegram channel and be notified minutes before we begin!