loader image

Order Flow Is HOT Ahead of QQQ Rebalance

by | Dec 7, 2023

We saw a TON of bets in Google following the launch of Gemini, the company’s AI model it’s banking on to take down ChatGPT. 

Among the first eight orders of the day, six were for parent company Alphabet’s GOOG (Class C) or GOOGL (Class A) tickers, and five were puts with both stocks surging over 6% by lunchtime on the East Coast.

Four of the six orders targeted the weekly expiration while one went for the Dec. 15, and the sixth went for the Dec. 22, so all are very short-dated. 

We also saw a buyer in an unfamiliar name, which always catches my attention: Canada Goose Holdings… a Canadian company specializing in winter clothes… 

Which makes sense because it’s freezing up there — way too cold for this Florida man!

This order for the $12 strike, December calls came in Wednesday, but there’s still a ton of open interest and more buying and selling today, so it could still be worth a look. 

Aside from that, WOW — what a move in a stock we discussed in Wednesday’s newsletter, Delta!

We saw a buyer of the weekly $38 calls on Tuesday, which exploded higher both Wednesday and Thursday, ripping from 41 cents to $2.40!

And then Wednesday, we saw a whale drop $1.2 million on the April 2024, $45 strike calls… and those babies took off Thursday, so that big-money trader is up literally millions of dollars!

The institutional order flow has been incredible! 

If you want more information on how it works, I’m hosting a live trading session at 1 p.m. ET on Friday for one of the biggest trading days of the year — so be sure and sign up here!

Thursday’s Top Order Flow: 

  • GOOS Dec23 Strike: 12 Calls premium: $230,733 ASK BULLISH
    Trade Date: December 6, 2023 Trade Time: 3:12 pm
  • BA Dec23 Strike: 237.5 Calls premium: $175,865 ABOVE ASK BULLISH
    Trade Date: December 7, 2023 Trade Time: 12:32 pm
  • TWLO Dec23 29th Strike: 69 Calls premium: $125,219 ABOVE ASK BULLISH Trade Date: December 7, 2023 Trade Time: 10:22 am

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. The QQQ Is About to Dump Its Weakest Stocks 

Not a lot of people know this, but on Dec. 8…

The Nasdaq 100 — also known by its ticker, QQQ — is expected to announce the stocks that will drop from the index…

Historically, when stocks get dropped from the index, they tumble pretty quickly…

Which can set up some pretty awesome trade opportunities…

And here’s what’s really crazy…

It’s not all that hard to figure out which stocks are likely to get dumped.

Under most circumstances, it’s usually the weakest performers…

And I know the weakest 15 stocks in the index…

And right here are the 15 weakest stocks in the QQQ…

It would not be a stretch to see the bottom six to seven names get dropped and trade lower…

My buddy, Jack Carter, loves going short on these types of stocks…

In fact, he calls it the “last tradable hack” in the stock market.

So join us for some live trading action at 1 p.m. ET on Friday, Dec. 8…

And See Scanner in Action

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link