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Micron Surge Has the Bulls Out in Force to Start the Trading Week

by | Apr 1, 2024

I’ll be live at 4 p.m. ET TODAY to cover how to succeed in a new era of investing and my top 3 predictions for Q2!

We’ve finally reached the end of the first-quarter earnings season road, with only a handful of companies left to report. 

But that doesn’t mean trading action has slowed… Quite the contrary, especially when it comes to the hottest trade of the year: chip stocks.

And the chip stock of the day hitting the News Flow Scanner is our old friend Micron (MU), which was up over 7.5% Monday morning. 

And with a bullish bounce like that, there’s no shortage of MU orders hitting the scanner… In fact, by 1 p.m. ET, we’ve already seen nine orders, eight calls and one lonely put the buyer is probably regretting at this point. 

Seven of the orders expire in April on either the 12 or 26, ranging from $125 to $130 strikes with shared trading around $126 this afternoon. 

There’s also a September monthly expiration, $200 strike call — the biggest order of the day as far as premium ($437K) — and a December monthly $145 call on the books. 

We also saw several bullish buys in Lyft (LYFT) with earnings coming up at the beginning of May, and a longer-dated buy in ExxonMobil (XOM). 

Be sure and join me at 4 p.m. ET to discuss a new era in investing, and my top 3 market predictions for the rest of the year — one of those predictions is playing out each and every day! 

Just go here by 4 o’clock!

Monday’s Top Order Flow: 

  • MU Apr24 26th Strike: 128 Calls premium: $154,700 ASK BULLISH
    Trade Date: April 1, 2024 Trade Time: 11:13 am
  • XOM Sep24 Strike: 130 Calls premium: $525,000 ASK BULLISH
    Trade Date: April 1, 2024 Trade Time: 10:49 am
  • LYFT May24 Strike: 21 Calls premium: $214,540 ABOVE ASK BULLISH
    Trade Date: April 1, 2024 Trade Time: 12:39 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. Going LIVE With a New Era of Investing Session! 

I’m going live right now to hold a special session for my members and readers of my newsletter.. 

I’ll reveal… 

>>>How to Succeed In the New Era of Investing<<<

You’ll want to attend because I’ve never done anything like this before. 

a pen and pad to make note of the three specific predictions to tap into over the coming months. 

Obviously, I cannot promise future returns or against losses…this is the stock market. 

But I can promise you’ll be well-informed about what to expect in the new era.

Join Me for the Reveal Here

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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