Get today’s three weekend trades — at a BIG discount expiring tonight!
We covered an avalanche of Intel (INTC) calls in Thursday’s newsletter with a caveat that serves as a great lesson today. We said this in regard to the plethora of orders…
The stock is up 8.3% this afternoon so remember the rules…
Don’t chase! Buy dips and sell rips!
And wouldn’t you know, INTC was up over 3% in the opening minutes this morning, and then this happened…
Shares went from a high of $25.19 about 15 minutes after the open, and fell over $2.25 within the next 50 minutes — a nearly 9% swing! — as smart traders took profits (which is why I almost always lighten my positions if not sell them outright on the opening pop).
And if you chased, you got your head handed to you.
This is why we don’t chase! But now may be a good time to go back and look at some of those INTC orders from yesterday, like some March monthly expiration calls, and the fresh ones from today — because traders are still leaning pretty bullish.
And now may be the time because you’re gonna get a nice discount from where they were on the open.
Buy dips, sell rips!
The Unity (U) calls we mentioned yesterday are also up nicely today with earnings next week. But remember the rules — don’t chase!
We also saw a pretty sizable order in the Freeport-McMoRan (FCX) May monthly expiration, $42 strike calls — over $920k in premium is a big bet in this particular stock, which is pulling back some today.
Finally, we’ve seen a few bullish bets in Baidu (BIDU) the past couple of days, with traders hitting the February and April monthlies, and the March 28 expiration $98, $100 and $110 strikes.
Now, a word of caution, as always…
This is a China ADR stock.
And you just never know what kinda funny business the CCP will get up to in Beijing. As always, you know what to do…
Respect that risk and only trade what you’re willing to lose.
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.
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
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
Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. 3 Fresh Wiretap Alerts Ready For New Members — Special Offer Ends Tonight!
For a limited time, new Wiretap members get instant access to three fresh trade alerts…
And two full years of membership at a special $500 discount from our regular price!
