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Right now, I’m not messing with big positions or long-term holds — I’m focusing on short squeeze setups in quantum computing stocks for fast pops.
The market has been full of pump-and-dump action lately, and this is one of the few spots I see real opportunity because these things are moving.
We pulled up Quantum Computing (QUBT) during a recent live session, and I called it exactly what it is — just a short squeeze.
No news, no fundamental story driving it. Same thing with Rigetti Computing (RGTI). The volume and short interest are insane on these names, and that’s the entire play here.
Why I’m Targeting These Moves
The market is being whipped around by headlines and news flow. Volatility is low, and unless you’re a computer, it’s tough to trade the intraday swings. That’s why I’m going small and tactical — these short squeeze names are giving me a clean way to grab income while most of the market just chops sideways.
As we say around here, I’m buying dips and selling rips!
I just took profits on Joby Aviation (JOBY), another name that fits this profile — highly shorted with no real revenue yet. I was in some calls for about three days and then sold as soon as the stock popped over $10, and took 50% off the table.
That’s the kind of trade I want in this environment — quick, controlled and done.
Manage the Risk — Take the Money and Run
I’m not going big on these. Like I said, I’ve been trading tiny size lately — two contracts — because I have no interest in trying to size up in this market.
The game here is simple: Ride the squeeze, take the cash and move on. If you stick around too long, these things can reverse just as fast as they ran up.
I love trading these quantum stocks for what they are — trading vehicles, no more, no less. They aren’t investments right now.
With the broader market in pump-and-dump mode, this is one of the few edges that’s actually working. As long as these squeezes keep coming, I’ll keep taking my shots.
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.
When you look at these plays, always take the market maker move into consideration.
You can be right on the direction but still lose money if the stock doesn’t move enough. That’s where the market maker move comes in clutch.
With puts, they’re often downside hedges in case a stock tanks, especially around earnings. The further out of the money they are, the more likely they are to be hedges.
Also be sure and check when the company’s earnings date is because many of the plays we post here are centered around earnings!
And finally, always remember the golden rule when it comes to buying calls: Buy dips, sell rips — and don’t chase!
If a stock’s moved a ton already today, maybe wait for a pullback.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. The 4PM Payout Setup Delivered Nothing But Winners in May
If you couldn’t join in last month, there’s another chance to tag along as we go after these daily cash opportunities in June!
