It is 2020 all over again as meme stocks are short squeezing — and I’m having a blast trading it!
I haven’t been this excited in so long because I’ve been giving out multi-time-frame analysis in my Telegram channel — be sure to join here! — and posting charts for day and swing trade ideas…
Names like MARA, PATH, ZM, PLTR and so on — they’re soaring higher and it has been a fantastic day trading environment…
And meme stocks are BACK!
We saw multiple orders in GameJunk… I mean GameStop, which was up over 25%. Fellow 2020 meme stock AMC was also up about 9% at one point, so keep an eye out for short squeezes.
We also saw a massive $451K order in Chinese ADR stock PDD, which are up about $25-$30 a share this week, and over 4% at one point Wednesday.
Check out the video up top and I’ll break down the day’s flow in 1 minute flat!
Wednesday’s Top Order Flow:
- PDD Dec23 8th Strike: 143 Calls premium: $450,600 ASK BULLISH
Trade Date: November 29, 2023 Trade Time: 9:52 am - CAN Jan26 Strike: 2 Calls premium: $265,075 ASK BULLISH
Trade Date: November 29, 2023 Trade Time: 9:49 am - GME Jan24 Strike: 26.25 Calls premium: $162,360 ASK BULLISH
Trade Date: November 29, 2023 Trade Time: 12:11 pm - GME Dec23 Strike: 16.5 Calls premium: $108,630 ASK BULLISH
Trade Date: November 29, 2023 Trade Time: 12:11 pm
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
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. 3 Reasons to Be Bullish on Tesla
Shares of Tesla are up over 100% in 2023…
And over 2,800% over the past 10 years…
But there’s still a lot of upside inside Tesla, and a number of ways to play the stock.
And there are three big reasons to take a closer look at Tesla.
Catalyst No. 1: The Cybertruck Delivery:
Cybertrucks will start being delivered to buyers relatively soon.
And that means all those new deliveries will add a major boost to the number of monthly cars Tesla delivers to consumers.
Catalyst No. 2: Repercussions from unionized workers:
Some sources estimate Ford and GM lost $100 million a week during the UAW strike…
While the strike has ended, the three biggest U.S. automakers are now paying out a lot more to workers. Tesla does not have this issue.
Catalyst No. 3: Trading Cycles:
A lot of people don’t know this, but TSLA moves in fairly predictable trading cycles.
By my count, there have been 13 major bull cycles, and we could be on the cusp of the next one.
So If you want to see how I plan to trade Tesla over the next few weeks.
Check Out This Trade Designed Just for TSLA
