We covered big bank flow on Friday and highlighted some SoFi (SOFI) calls that had been peppering the Penny Options Scanner.
SOFI was up 9% premarket, dipped a bit on the open but then shot back up, topping a 10% move, and the Nov. 1 expiration, $9 strike calls we covered doubled in value from Friday’s close — BANG!
Not only that, but the DJT calls we included are up 53% today with the stock popping 15%! Once again, the Penny Options Scanner flow has been spot on!
Can this big bank momentum continue into Tuesday morning, when the likes of Bank of America (BAC), Citigroup (C ) and others report?
Well, if Monday’s flow is any indicator, buyers believe it can…
In all, we’ve seen SIX orders in the Nov. 1, $70 calls for C Monday morning, with shares up about 1% on the day to $66.38.
These are a bit far out of the money, with the Market Maker Move expected to be $2.24 higher or lower on the report, and $3.79 higher or lower by expiration, which would put them right in line with the $70 strike.
If we really like these orders, we’d consider going a little closer to the money, especially since these are fairly cheap options!
In addition to the big banks, Bitcoin has also been on the move…
So it might be worth keeping an eye on the Marathon Digital (MARA) calls listed below. They’re a few bucks out of the money, but this is a stock that can really move!
Order Flow:
*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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.
A little-known Tesla indicator just flashed GREEN. And smart money says it’s betting on a Trump victory on Nov. 5…
Why should you care? Because this could ignite a face-melting bull run in TSLA stock not seen in YEARS.
Bigger than Apple… Bigger than NVDA…
And even bigger than the S&P 500 itself.
Heck, experts expect shares to hit $400 by the end of the year!
Now, I don’t know if that’s going to happen…
But it wouldn’t surprise me to see the stock rally through election day.
So at 11 a.m. ET on Tuesday, Oct. 15, I’m ripping the lid off my TSLA price target — LIVE. No holds barred.
And That’s Just the Appetizer…
