Welcome to the wild world of stock trading — or maybe gambling is the better word — where the thrill of short squeezes and meme stocks are dominating the conversation right now.
In my latest video, I dive into the frenzy captivating traders everywhere…
From the explosive gains of AMC (AMC) and GameStop (GME) to the ones that got away, like those May monthly $10 strike calls I bought for a $1.00 and sold for $2.00 — before they hit nearly $65.00 a contract — this is a ride you won’t want to miss.
We’ve seen stocks skyrocket overnight, turning modest investments into small fortunes. But what’s next?
Well, have a list of potential short squeeze candidates that could be the next big winners. And they all have something in common…
They were all hovering near their 52-week lows before the past two trading days. So if the stock is near one-year lows and the company is likely going bankrupt at some point, it’s probably up over 100% the past two days.
I’m talking about companies like SunPower (SPWR), Plug Power (PLUG), and ChargePoint (CHPT) as just a few names to watch in addition to GME and AMC.
In today’s video, I break down the recent market rotation, highlighting the sharp contrasts between high short interest stocks and traditionally “safe” stocks like Walmart (WMT), Pepsi (PEP), and Coca-Cola (KO), which have all taken a surprising downturn.
It’s a market of extremes, where the riskiest plays can sometimes be the most rewarding.
Understanding the options market in this climate is crucial. I explain why implied volatility is through the roof and how that impacts our trading strategies. It’s not just about finding the next stock to squeeze, but also about managing risk and knowing when to play it safe.
So check out my video up top and let’s dive into the Wall Street casino — just remember that if you’re rolling the dice, respect that risk!
We also have some earnings plays listed below in addition to AMC and GME. Earnings flow has slowed to a virtual crawl the past two weeks, and the WMT trade was bought on May 10 when the stock was trading around $60.50. Shares today dipped to $59.50 as of 1 p.m. ET.
Market makers expect a move around $2.13 higher or lower.
Applied Materials (AMAT) shares are down about $1 since the trade was bought on May 10, and market makers expect a move around $10.15 higher or lower.
We also included the latest AMC and GME flow from today — but like I said, BE CAREFUL.
This is pure dice rolling and gambling!
Top Order Flow:
- WMT May24 Strike: 61 Calls premium: $115,000 ASK BULLISH
Trade Date: May 10, 2024 Trade Time: 3:59 pm - AMAT May24 Strike: 217.5 Calls premium: $125,050 ASK BULLISH
Trade Date: May 10, 2024 Trade Time: 2:16 pm - AMC May24 Strike: 7 Calls premium: $120,357 ABOVE ASK BULLISH
Trade Date: May 14, 2024 Trade Time: 1:14 pm - GME May24 Strike: 51 Calls premium: $111,000 ASK BULLISH
Trade Date: May 14, 2024 Trade Time: 1:00 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. I Have a Question for You…
What would you do if you could place a trade right now…
Power down the computer, and unplug for the next 24 hours…
Maybe play tennis with buddies, or grab dinner at your favorite restaurant with the family…
And if everything works out, come back the next day — not even 24 hours later — to close the trade for the likes of…
There’s no such thing as guaranteed results when it comes to Wall Street…
Everybody knows there’s risk involved in trading — winners and losers on the road of life.
But Graham Lindman is about to expose one of Wall Street’s best-kept secrets…
The secret that’s unlocking these 24-hour moves — nearly every single day — in ONE specific hour of the day…
There’s no need to stare at boring charts all day long…
Or lay in bed, restless and wondering when you should close out a trade…
These moves ALWAYS start in the same hour of the day…
And then end the next, likely in less than 24 hours…
Graham Will Give the Rundown on Wednesday!
*The trades expressed are from historical data in order to demonstrate the potential of the system. From September of 2023 through May of 2024 from the study we have seen a 74.4% win rate on options with an average winner of 76% and an average return of winners and losers at 44% on an average 24 hour hold time in a model portfolio.