If things play out right, I’m looking to drop a nice chunk of change on NFLX earnings today — join the party, LIVE at 2 p.m. ET!
Another day, another big down move for the Nasdaq soon after the open. Not to toot my own horn or anything, but I’ve been all over this tech/chip stock meltdown.
So much so that we took a big swing at Advanced Micro Device (AMD) puts on Tuesday in our Trade Desk Alerts strategy, reeling in a 42.56%** overnight gain.
This trade was a lot more expensive than I normally like to take, but that’s how high my confidence was in what was about to happen.
Speaking of something that’s about to happen, my buddy Alex Reid just ran an options trading strategy by me that really caught my attention. It’s a way to spot undervalued options, but here’s the important part…
His average return is 125%***. I’m going to join him at 11 a.m. ET on Friday, July 19, to see what this is all about, so go here to RSVP and join us!
As far as what’s hitting today…
I’m covering Netflix during a live event at 2:30 p.m. ET, so be sure and be there for that (there are links above and below this article).
We did catch a play in Abercrombie & Fitch — my pick for stock of the year! — but it’s super expensive… It’s in the September monthly expiration, $155 strike calls, but these babies are going for around $16.50 a contract. No thanks!
I named ANF my top stock for 2024 way back in late December, and it’s up 75% year to date, even after a big sell-off from the highs of mid-June, when shares peaked over $190 apiece (they’re just over $150 now, but started the year at $87)…
We did see some Schlumberger (SLB) hit the scanner earlier this week with the company reporting before the open Friday.
Shares are trading just over $49, and market makers are only expecting a move around 73 cents higher or lower for this week, so it would take a big surprise to get to $52.50. Though, market makers expect a move around $6.71 by September…
We also saw some Haliburton (HAL) calls hit earlier this week, and shares are squarely in the money today. HAL also reports Friday before the open.
This doesn’t really blow our hair back, but be sure to tune in at 2 p.m. ET to see what we’re planning for Netflix earnings!
Remember, these are earnings plays and anything can happen. Size in accordingly, respect the risk and if nothing else, just paper trade them and see what you can learn from the reports and reactions to apply to future trades!
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.
- ANF Sep24 Strike: 155 Calls premium: $288,600 ASK BULLISH
Trade Date: July 18, 2024 Trade Time: 11:25 am - HAL Sep24 Strike: 37 Calls premium: $155,520 ASK BULLISH
Trade Date: July 16, 2024 Trade Time: 3:54 pm - SLB Sep24 Strike: 52.5 Calls premium: $848,849 ABOVE ASK BULLISH
Trade Date: July 15, 2024 Trade Time: 11:05 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
**Trade Desk Alerts has a 70% win record on 30 trades. The average winner is 24.35% and the average return including winners and losers is 7.5% with an average hold time of 2 days.
***The profits and performance shown are not typical to any individual subscriber to the service, we make no future earnings claims, and you may lose money. This is a new research service but our backtesting of the strategy over three months from March 2024 through May 2024 showed an average return of 125% per trade with a 71% win rate.
P.S. Ready to Trade NFLX Earnings?
I’m opening up the live room now to see if NFLX flashes on the scanner ahead of its earnings report today.
Whether it flashes a bullish or bearish signal…
It really doesn’t matter. Because when NFLX moves during earnings, those moves usually turn out to be pretty BIG…
And I’ll be focusing my efforts on the scanner, which is already hinting at a possible trade…
If all goes as planned, I’ll be putting $3,000 on the line, looking to target a double!
Obviously, I cannot promise future profits or shield against losses, but…
Join Me Here to Scan the Market With Me
