If you’ve been watching AMC Entertainment (AMC), then you know it’s been a wild ride lately, and I’ve got the latest scoop for you.
In this video, I dive into AMC’s price action and options flow, including a massive call trade we spotted that could signal a potential short squeeze on the horizon. 📈
Here’s what I cover:
📊 Recent spike in call options for October.
📉 Insider activity and what it might mean.
💡 My thoughts on how to play this with options.
With volatility creeping back and the stock stuck at key levels, is AMC primed for another breakout? I’ll walk you through the technicals and how this could be a great opportunity for a short-term trade.
If you’re ready to see if this meme stock still has juice left in the tank, you won’t want to miss this one.
Check out the video up top!
Order Flow:
Nike (NKE) is on deck for earnings after the close today, and we covered a “cheap” way to play it in Monday’s edition of this newsletter…
We also saw an order for the Oct. 11 expiration, $88 strike calls in NKE just before the close Monday with the stock trading just above $88 a share this afternoon.
Market makers expect a move of $6.14 higher or lower on the announcement. For what it’s worth, we also saw an order in this week’s $100 strike calls on Friday, so someone’s feeling bullish.
We’ll update later today if we spot any more Nike flow.
Keep in mind that these are short-dated and will MOVE, so respect the risk!
We also saw a couple of massive short bets in PDD Holdings (PDD) with PDD and Alibaba (BABA) this morning after an opening pop in these China ADR stocks that have been running strong with Beijing’s stimulus efforts.
These buyers were getting their butts squeezed in these plays by lunchtime, with BABA up 3.8% and PDD up 4.1%, but we could easily see a reversal.
Again, these are short-dated so be careful out there!
*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.
- NKE Oct24 11th Strike: 88 Calls premium: $128,160 ASK BULLISH
Trade Date: September 30, 2024 Trade Time: 3:53 pm - PDD Oct24 11th Strike: 136 Puts premium: $1,108,870 ASK BEARISH
Trade Date: October 1, 2024 Trade Time: 9:55 am - BABA Oct24 11th Strike: 109 Puts premium: $4,002,400 ASK BEARISH
Trade Date: October 1, 2024 Trade Time: 10:06 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. Don’t Miss the ‘Friday Phenomenon’
Just a quick heads up.
At 1 p.m. ET today, Oct. 2, I’m showing everyone the “Friday Phenomenon” on gold that lets anybody target 50% gains every single weekend!
As you’ll see once I’m live, this phenomenon has been paying out nearly four out of every five weekends on live trades.
Now I cannot promise future returns or against losses but by the end of our time together, you’ll get the name and ticker of my No. 1 gold miner stock, 100% free.
I honestly mean it when I say you don’t want to miss today’s session.
Especially considering we’re on the cusp on an epic Gold melt-up… which is set to pick up steam as we inch closer to the elections.
I’ll See You at 1 p.m. ET TODAY!
The profits and performances shown are not typical and you may lose money. From 11/22/2023 – 9/26/2024 on live trades the win rate has been 76% with an average return of 28% (winners and losers) with an average hold time of 3 days.
