All eyes this week are on Nvidia (NVDA), which reports after the close Wednesday…
Since it could be the biggest earnings report of the year, Graham and Nate will join me for a star-studded edition of Trade the Close at 3 p.m. ET!
We’re already seeing order flow in the chip names this week, but that’s nothing new…
In fact, we hit on a very nice NVDA put in the weekly expiration, $125 strike this morning in our Options Pit!
Since chip stocks are so heavily traded, we’ll probably wait for Wednesday during Trade the Close to discuss what we like for earnings…
Another ticker reporting Wednesday that we hit on a nice gain with last week is Kohl’s (KSS).
After catching a nice bump the morning of earnings for cousin stocks Macy’s (M) and TJC Cos. (TJX), KSS dipped about 80 cents before coming back up near even.
But we’ve seen three straight days of put buying in this ticker ahead of earnings, with buyers entering the weekly $19 puts, and the Sept. 6, $18.50 and $19 puts.
Around here, we generally like our puts to be smack dab in the money or maybe one strike out.
We also saw some calls hit late early week in Li Auto (LI) that are just inside the market maker’s expected move of $1.46 higher or lower.
This is, however, a China ADR stock, and I’ve been burned by these too many times.
Respect the risk! These weekly plays can and will go to $0 if wrong!
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.
- KSS Aug24 30th Strike: 19 Put Premium: $85,848 ASK BEARISH
Trade Date: August 26, 2024 Trade Time: 10:49 pm - KSS Sep24 6th Strike: 19 Puts premium: $122,515 ABOVE ASK BEARISH
Trade Date: August 26, 2024 Trade Time: 12:39 pm - LI Sep24 Strike: 22 Calls premium: $169,200 ASK BULLISH
Trade Date: August 19, 2024 Trade Time: 12:47 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. The Options Market Is Undergoing a MASSIVE Shift
There’s been a subtle shift in the way the top options traders approach the market.
While everyone focuses on whale orders over $100K…
A new opportunity exists by tracking options flow on total premium under $100K and contracts priced under $1.00… as you can see below.
These are short-dated and fast-moving plays — day and swing trades you may hold no more than a couple of hours up to just a few days.
This is how I’ve been able to spot a bunch of winners like…
- TDOC, with a nice 7% gain.
- LYFT, which hit a 20% move.
- WBD, which enjoyed a 62% surge.
Of course, some wins were smaller and we’ve had a couple losses — and we cannot promise future returns or against losses…
But these “penny options” are becoming more and more popular with smart traders who like to get in and get out of trades quickly.
we make no future earnings claims, and you may lose money. From 5/13/24 through 7/24/24, the average win rate on live published trade alerts are 90%. The average rate of return on options trades was 53% over a 1.3 day average hold time.