Another monster week of earnings is upon us, and I have a full slate of stocks I’m watching for longs in either straight up calls or simple spreads…
The names atop my list this week include Electronic Arts (EA), AMD (AMD), Google parent Alphabet (GOOG; GOOGL), Palantir (PLTR), Merck (MRK), Okta (OKTA), Rivian (RIVN) and Alibaba (BABA).
We covered a number of PLTR orders that hit in Friday’s edition of this newsletter, and you likely got a big discount if you pounced on any of these in the first hour of trading today when the stock was down 5% before rebounding.
So let’s take a look at what’s hitting today, starting with the house of the mouse, Disney (DIS).
We don’t get a lot of orders in DIS unless it’s earnings season, and this one came in right at 2 o’clock ET, so it’s super fresh. A bullish trader grabbed the February monthly expiration, $117 strike calls with shares trading well off the morning lows but basically flat for the day at $113 a pop.
These are a little on the pricier side, but well within the market maker move of $7.17 higher or lower on the report, and $9.00 higher or lower by expiration.
Next up is PayPal (PYPL), which reports before the open in the morning…
Market makers expect a move of $6.82 higher or lower, and this order is only $2 out of the money in the Feb. 14, $91 strike calls. So if one were particularly bullish about this order, one could reasonably go a dollar or two higher and still be well within the market maker’s expectations, just like DIS.
Finally, Gilead Sciences (GILD) reports after the close on Feb. 11, and the bulls have been hitting this stock for over a week now, and we got two more fresh orders today in the Feb. 14 and Feb. 21, $101 and $102 strike calls, respectively.
GILD was one of the few stocks actually up on the open even after the tariff news, and we saw about $461k of premium in the two orders. Both orders also are inside the market maker’s expected moves by expiration.
As always, size appropriately and respect the risk involved in trading earnings.
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.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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