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The Second Hottest Corner of the Market Is Surging Ahead of MARA Earnings

by | Feb 26, 2024

Buy signals just triggered on a handful of stocks on my new Platform X trading system — join me at 2 p.m. ET Tuesday for the tickers and a demo!

Earnings season may be winding down, but we still have some big companies left to report, including one from a HOT corner of the market: crypto miners. 

If you’ve been following my buddy Graham Lindman at all, then you know he’s been hot on them for a while now, and he actually has a strategy trading them around Bitcoin’s movements.

And if you follow Bitcoin at all, then you know it’s a BIG mover… up over 27% the past month, over 40% the past three months, and over 130% the past year. 

And as Bitcoin moves, so too go the crypto mining stocks like Marathon Digital (MARA), which has spurred a ton of hot trading action of late. In fact, crypto miners have been one sector of the market where trading has been almost as hot as chip stocks! 

In fact, with MARA rising over 20% Monday with earnings on deck for Wednesday after the close, we saw plenty of hot trading action through Monday afternoon!

Two big-money orders came in for the weekly and March 8 expiration, $28 strike calls during Monday’s surge, as MARA rose over $4 a share!

MARA could easily surge into earnings but once the company reports, who knows what’s next… Until then, the big money is bullish!

And while we didn’t get any orders for companies reporting today, I included a couple of recent orders for stocks reporting this week aside from MARA… 

As always, the short-dated plays can and will go to $0 if wrong… respect that risk!

Top Order Flow: 

  • MARA Mar24 1st Strike: 28 Calls premium: $186,550 ASK BULLISH
    Trade Date: February 26, 2024 Trade Time: 11:40 am
  • MARA Mar24 8th Strike: 28 Calls premium: $108,000 ASK BULLISH
    Trade Date: February 26, 2024 Trade Time: 9:45 am
  • CAVA Mar24 Strike: 49 Puts premium: $106,855 ASK BEARISH
    Trade Date: February 26, 2024 Trade Time: 10:41 am
  • DVN Sep24 Strike: 52.5 Calls premium: $128,760 ASK BULLISH
    Trade Date: February 22, 2024 Trade Time: 12:26 pm
  • FSLR Apr24 Strike: 190 Calls premium: $159,210 ASK BULLISH
    Trade Date: February 20, 2024 Trade Time: 12:03 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. Why NVDA Is Still a Buy in March

It’s hard to dispute, but NVDA is clearly the king of the market these days…

In 2024 alone, the stock has rallied from under $500 to over $750.

But is it still a buy?

According to my Platform X trading system, it’s definitely still a buy. In fact…

A new buy signal was issued on Feb. 22. The last time I saw a signal was Jan. 8 — and the stock is up 60% since then.

Of course, a new signal doesn’t mean NVDA will rise another 60% because nothing is ever guaranteed on Wall Street. 

But it certainly looks strong heading into March. There are also a handful of other stocks that just got buy signals. 

And I’m going to share them at 2 p.m. ET On Tuesday!

Save Your Seat and Join the Action Here!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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