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Is Gold Ready to Move Back Into the Conversation?

by | Feb 23, 2024

What a week, what a week, what a week!

Shadow Trader members knocked it out of the park this morning after we sent an alert late Thursday to enter the Block (SQ) March 1 expiration, $66 strike calls ahead of earnings…

And shares of SQ bounced almost 21%* on the open to around $82, sending those babies soaring — BANG!

This is directly from my Telegram channel, where it was an emoji party… except for those three poor saps who missed the trade 👎

Buck up, guys! There are new opportunities emerging each and every day from the stock market. You may miss the boat one day, but there are countless others setting sail!

So what do we have in store next? Well…

We’re through the bulk of earnings season but there’s still plenty of juicy tickers to trade. We didn’t see anything hitting the News Flow Scanner for Monday just yet, but we did see an interesting order in a certain precious metal…

Gold has really fallen out of favor, which may mean it’s exactly the time to start looking at the metal and its miners. 

Like Buffett said, be greedy when others are fearful, and fearful when others are greedy. 

And this is a big boy order — worth about $1.2 million in premium! — that’s at least worth a look. 

Friday’s Top Order Flow: 

  • GOLD Sep24 Strike: 12 Calls premium: $1,217,160 ASK BULLISH
    Trade Date: February 23, 2024 Trade Time: 11:21 am
  • RVLV Mar24 Strike: 15 Puts premium: $181,913 ASK BEARISH
    Trade Date: February 23, 2024 Trade Time: 12:00 pm
  • LI Mar24 28th Strike: 36 Calls premium: $114,088 ABOVE ASK BULLISH
    Trade Date: February 20, 2024 Trade Time: 11:54 am

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 

*Past performance is not indicative of any future results. Trade at your own risk. From 2/21/20 – 2/22/24 on live trades the win rate is 68.4%, the average return is 14.1% on the options over a 7 day average hold time, with an annualized return of 127%

P.S. Wall Street Prays You Never Discover This…

Stocks that miss earnings four quarters in a row DON’T get much love from the talking heads on CNBC… 

They’re like the ugly ducklings of the investing world.

And if I told the “so-called” experts I was about to place a trade on one of them… 

They’d probably laugh me out of the studio and call me a moron! 

You see, my trading strategy doesn’t follow conventional wisdom. 

I don’t look at the RSI… I don’t look at MacD… I don’t even look at volume.  

I’d show up late to the proverbial party if I spent my time watching those things. 

Instead, I spend most of my time looking at something that 99% of traders miss out on. 

Let’s Show the ‘Experts’ How It’s Done

Past performance is not indicative of any future results. Trade at your own risk. From 2/21/20 – 2/22/24 on live trades the win rate is 68.4%, the average return is 14.1% on the options over a 7 day average hold time, with an annualized return of 127%.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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