Election Day is finally upon us, so of course we went in on some Trump Media & Technology (DJT) calls during this morning’s Crush the Open live trading session, and… BANG!
Again, if you’re not attending these free live trading sessions, then I don’t know what to tell you!
Because we have hit it BIG on play after play after play, much like we’ve done in this FREE newsletter!
Today’s big explosion came from Palantir (PLTR), which we covered in Friday’s edition as one to watch for earnings Monday. The PLTR calls were going for about $1.40 a contract at that time. And today…
As of 12:25 p.m. ET, they’re going for $5.50, with Palantir rocketing 14% higher! 🚀
On that note, we also have another prime example of why trading earnings is so risky — and why that risk must be respected…
We also covered Hims & Hers (HIMS) on Friday, which reported strong earnings alongside PLTR. The stock was up 12% overnight — 12%! — and it looked like we’d have two grand slams to celebrate today.
Seconds before the open, HIMS was still up about 5.4%, and then the opening bell hit and the stock crashed to -2.9%.
It made up some ground and climbed higher again as the morning went on, but that just goes to show, even when something looks like a sure thing…
Nothing is EVER guaranteed in the stock market.
And that brings us to what’s hitting today…
Super Micro Computer (SMCI) has been in the news a lot lately as a cautionary tale… The stock was up 325% year to date back in March, when it was a darling of Wall Street.
Now, one stock split and an apparently major accounting snafu later, it’s down nearly 80% and facing being delisted from the Nasdaq entirely due to unfiled financial statements on top of its auditor quitting.
Things are not looking good for SMCI…
So does that mean opportunity ahead when the company reports earnings after the close today?
Well, again, nothing is guaranteed in the stock market. But we did see a flurry of bearish activity, including a $1.4 million short bet in the chipmaker today. Shares are trading just above $26 with market makers expecting a move of $6.45 higher or lower.
About half of the day’s short bets were long-dated, much too long for our taste. But we did see a December monthly and two January monthly shorts, included below. We also saw a couple of bullish bets on SMCI on Monday, so it hasn’t been all bearish, though things look bleak.
This may be one to put on a watchlist to see how things shake out, because something stinks at Super Micro Computer…
We also saw a couple of long bets in Novo Nordisk (NVO) for earnings Wednesday, as well as a long bet in Coupang (CPNG), which also reports tomorrow.
As always, RESPECT THAT RISK — SMCI is plenty risky!
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.
- SMCI Dec24 Strike: 19 Puts premium: $117,905 ABOVE ASK BEARISH
Trade Date: November 5, 2024 Trade Time: 11:18 am - SMCI Jan25 Strike: 17.5 Puts premium: $1,446,128 ASK BEARISH
Trade Date: November 5, 2024 Trade Time: 11:18 am - SMCI Jan25 Strike: 12 Puts premium: $357,689 ABOVE ASK BEARISH
Trade Date: November 5, 2024 Trade Time: 11:13 am - CPNG Nov24 8th Strike: 25 Calls premium: $105,450 ASK BULLISH
Trade Date: November 5, 2024 Trade Time: 10:56 am - NVO Nov24 8th Strike: 110 Calls premium: $195,000 ASK BULLISH
Trade Date: November 4, 2024 Trade Time: 12:42 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.
P.S. Institutional Traders Are Flooding Into Penny Options!
I’ve spent over a decade watching institutional order flow, and I’ve noticed something strange lately…
Big-money traders are quietly loading up on penny-priced options — the ones trading under $1.00 a contract.
But the thing is, most retail traders completely overlook them… and that’s their loss.
Because for the past couple of months, I’ve been using a proprietary scanner to pick up on some of these institutional moves right as they’re happening, and I’ll tell you…
It’s been one of my favorite trading tools this year.
The scanner’s detected specific patterns in the order flow.
The same patterns I’ve seen precede major moves, time and time again.
That’s exactly why I built this scanner… to detect these institutional moves in penny-priced options before they potentially explode.
And Things Are Heating Up Right NOW
We make no future earnings claims, and you may lose money. From 5/13/24 through 9/25/24, the average win rate on live published trade alerts is 90%. The average rate of return on options trades was 53% over a 1.3 day average hold time.
