I touched on something last week that we’re seeing a lot more of today…
And that’s a rotation out of high-growth names and into more boring defensive tickers like Campbell’s Soup (CPB) — which was up as much as 2.9% this morning, a rarity for this slow mover! — Kraft Foods (KHC), Coca-Cola (KO) and Dollar General (DG).
And wouldn’t you know, we saw this order on Thursday, with a whale moving into CPB calls, right on time!
This baby was trading for about $0.85 the minute it hit the scanner…
This morning, it rose as high as $1.75 a contract — BANG, they nailed it.
Now, why are people moving into more defensive names? Check out my short video up top and I’ll break it all down for you in less than 2 minutes!
As for the day’s top flow…
We didn’t catch any earnings plays for today (that hit today), but we have a couple for Wednesday after the close in Nvidia and Rivian…
We did manage to get a couple of orders late last week for companies reporting today.
As always, respect that risk! These plays, the short-dated February ones especially, could easily go to $0 if wrong!
Tuesday’s Top Order Flow:
- NVDA Feb24 23rd Strike: 715 Calls premium: $732,250 ASK BULLISH Trade Date: February 20, 2024 Trade Time: 12:19 pm
- RIVN May24 Strike: 25 Calls premium: $108,000 ASK BULLISH Trade Date: February 20, 2024 Trade Time: 12:00 pm
From Late Last Week, Reporting Today:
- EXC Mar24 Strike: 36 Calls premium: $198,330 ASK BULLISH Trade Date: February 20, 2024 Trade Time: 12:37 pm
- PANW Feb24 23rd Strike: 405 Calls premium: $309,771 ABOVE ASK BULLISH Trade Date: February 16, 2024 Trade Time: 3:37 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. I Can’t Stop Babbling About Jack’s New Timer
And I don’t regret it one bit!
Because the proprietary timer Jack is handing out to just 500 people on Wednesday is no small fry…
In fact, I’d say it’s THE most important breakthrough of his astounding 30-plus year career…
And I say this because the timers are specifically designed to only activate after a very, VERY “unusual” set of market signals occur in a very specific set of stocks.
Just like our backtesting shows it has done over the past year with 81% accuracy.
Now we can never guarantee future results as there will always be winners and losers along the way…
But if you ask me, the $8.8 trillion stockpile of cash set to hit the markets in the coming days is quite an “unusual” amount of money to just… ignore.
Which is why I’d really like for you to complete your registration for Jack’s upcoming “Timed Stocks Summit” happening at 1 p.m. ET on Wednesday, Feb. 21…
Once you do, you’ll see why he REFUSED to make this timer public over the last eight years…
And why we’re limiting unrestricted access to this unique trading breakthrough to just 500 regular folks.
Complete Your Registration Before Wednesday
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from historical data in order to demonstrate the potential of the system.
