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How to Make $12M In a Couple of Hours 

by | Jun 20, 2024

We see a lot of Nvidia (NVDA) orders hitting the News Flow Scanner, probably more than any other stock… But this whale certainly caught my eye this morning…

That’s about $10 million bearish bucks on NVDA, right out of the gate during the first 15 minutes of trading Thursday. 

You gotta think these hedge funds are up big on NVDA since the stock was up 115% year to date heading into today. So it could be a $10 million hedge…

Or someone is stepping in front of the freight train and calling the top for NVDA, which opened just under $140 a share. 

But boy oh boy, these bearish bets are looking beautiful this afternoon with shares of NVDA down under $131! Assuming these were all placed by the same trader or same desk, that’s a gain of about $12 million in just a few hours

Once again, the News Flow Scanner is SPOT-ON!

We included a couple of the latest NVDA plays below to both the bullish and bearish sides, both decent-sized orders as far as premium, and a play in Carvana (CVNA). Cousin stock CarMax (KMX) reports earnings Friday before the open, so this could be a play on that report. 

Though, these are longish-dated in the September monthlies, and about $17.50 out of the money with market makers expecting a move of just $1.82 higher or lower this week, and a move of $36.51 higher or lower by the September monthly expiration. 

Shares are falling hard today, down over 3.3% as of 1:15 p.m. ET after rising 1.5% on the open. CVNA reports earnings on July 18, so this play captures that event 

If you’re wondering how to use the MMM in your trading, which we always encourage, check this out and learn how. 

As always, respect the risk! This market is looking very toppy…

Also, if you missed it Tuesday or Wednesday, we gave some high-conviction trades during a free live trading session…

We had a blast! We lived, we laughed, we gambled — seriously, it was a session to remember. I’m excited about two names for a swing trade going into earnings that came from that session: Verizon (VZ) and AT&T (T). Let me break it down for you.

I have the intention of holding at least some of these into earnings for what I hope will be a MONSTER HOME RUN trade! 

  • VZ Jul24 26th Strike: 40 Calls premium: $209,846 ABOVE ASK BULLISH
    Trade Date: June 18, 2024 Trade Time: 3:34 pm
  • T Jul24 26th Strike: 18 Calls premium: $242,650 ASK BULLISH
    Trade Date: June 18, 2024 Trade Time: 3:40 pm

Here’s the plan: If the stocks go down, I’ll add more. If they go up 50%, I’ll trim my positions. And if they surge 100%, I’ll trim even more. But I want to hold some serious size into earnings and swing for the fences!

These trades are all about capitalizing on the earnings momentum, so keep an eye on them and join me for the next session! We’ll post invites in my Telegram channels and in this newsletter!

Friday’s Top Order Flow: 

  • CVNA Sep24 Strike: 125 Calls premium: $135,000 ASK BULLISH
    Trade Date: June 20, 2024 Trade Time: 9:56 am
  • NVDA Jun24 Strike: 133 Puts premium: $266,506 ABOVE ASK BEARISH
    Trade Date: June 20, 2024 Trade Time: 1:05 pm
  • NVDA Jul24 5th Strike: 135 Calls premium: $294,550 ABOVE ASK BULLISH
    Trade Date: June 20, 2024 Trade Time: 1:36 pm

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

Lance Ippolito Trading Team

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. Ready to Leverage These Brand-New Friday Afternoon Signals?  

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Maybe you have, maybe you haven’t…

There’s only a few top traders who know how to leverage it, and yours truly has been trading these signals for years!

And it’s all thanks to a strange Friday afternoon signal…  

One that hints at which stocks are most likely to pay out over the weekend! 

I went live Friday afternoon to expose the BUY signal behind 260 weekend winners that is set to flash again TODAY!

And while I cannot promise future returns or against losses…

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The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 6/13/24 the average win rate is 70.3%. The average weighted rate of return on options trades was 11.7% over a 3 day average hold time.

 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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