First, be sure and join me LIVE at 3 p.m. ET TODAY, Sept. 11, for my No. 1 election stocks.
Growing season just started on the farm here in Florida, and election season is heating up on the heels of the first presidential debate between Donald Trump and Kamala Harris, so don’t be late!
You know what other season is heating up?
Football season! And that means gambling…
And we just so happened to see a flurry of activity across both of my trusted scanners today in DraftKings (DKNG).
As of 1 p.m. ET, the stock was basically flat on the day, and we saw FOUR short bets practically back to back on this ticker during lunchtime…
Which is a lot!
A trader(s) gobbled up the Sept. 13 expiration, $35 (three orders) and $36.50 strike puts in short order. Keep in mind that these are weekly options that can and will turn against you in a hurry, especially if today’s rebound from the morning lows continues to build up steam!
2:15 p.m. ET UPDATE: It looks like DKNG is indeed running higher with the market, so be careful out there and always respect the risk, especially when it comes to short-dated options!
The S&P 500 (SPY) was down 1.6% before quickly rising back to almost breakeven by 1 o’clock.
We didn’t catch any earnings plays, and much of the flow hitting the News Flow Scanner today were very long-dated, much too long for our taste.
That said, we included a sizable order in Cameco (CCJ) for next month.
And don’t forget…
Get my No. 1 election stock at 3 p.m. ET TODAY!
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.
- CCJ Oct24 Strike: 45 Calls premium: $501,324 ABOVE ASK BULLISH
Trade Date: September 11, 2024 Trade Time: 9:56 am - DKNG Sep24 13th Strike: 35 Puts premium: $127,931 ABOVE ASK BEARISH
Trade Date: September 11, 2024 Trade Time: 12:31 pm
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.
Ready for My No. 1 Election Stock?!
You don’t want to miss this!
I’m about to post my No. 1 election stock, LIVE at 3 p.m. ET TODAY, Sept. 11.
Now, I cannot predict the stock market so, obviously, I won’t be making any profit guarantees.
But you’ll see WHY I feel so strongly about it…
So login now, I’ll kick off at 3pm sharp!