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Something’s Fishy: How Did This $10 Million Whale Know NVDA Was About to Tank 15%?

by | Jun 24, 2024

Earnings season is BACK! FDX announces after the close today, and GIS before the open tomorrow — come scan the markets with me, LIVE at 2 p.m. ET!

We covered three consecutive, massive orders of Nvidia puts totaling $10.4 million that hit my News Flow Scanner last week — within about 80 cents of NVDA’s dead high price before it started selling off. 

Since then the stock is down about 15%, or $20 a share, with this put buyer more than doubling their money. 

Here are the orders we covered in this very newsletter…

I even mentioned this in my Telegram channel…

So how the heck did the trader get this “lucky”? Well, that’s where things get even more fishy…

It just so happens that on that very same day, the CEO of Nvidia unloaded about $100 million worth of his own stock. 

Be sure and check out my video up top for the full rundown. 

And if you’re not using my News Flow Scanner in your trading, then you’re missing out on all these moves — go here for more information on the scanner that is the foundation of all my trading!

As for what’s hitting the scanner today…

Just last week, we had a free trading session where we entered some cheap Verizon (VZ) and AT&T (T) calls that capture earnings next month. Those babies have been roaring higher since then, up about 75% already this afternoon in AT&T.

And it just so happens that even more T calls hit today, so we included those below, along with some Micron (MU) puts that hit — though one is super long-dated. Way too long (January 2026). 

Micron reports earnings Wednesday after the close. Now for the important part…

Puts are often hedges against a long stock position in case it tanks on earnings. This is a put, but it is smack dab in the money, with shares trading right at $140 this afternoon. 

It’s also a big buy to the tune of $508K, which is interesting. It also has a bit of time before expiration since it’s in the August monthlies. 

But we’ve also seen a lot of bullish flow into MU the past couple of weeks. When in doubt, paper trading is always a great idea.

As always, respect the risk!

Monday’s Order Flow: 

  • T Jul24 26th Strike: 19 Calls premium: $100,998 ASK BULLISH
    Trade Date: June 24, 2024 Trade Time: 12:41 pm
  • MU Aug24 Strike: 140 Puts premium: $508,225 ABOVE ASK BEARISH
    Trade Date: June 24, 2024 Trade Time: 9:41 am
  • MU Jan26 Strike: 140 Puts premium: $293,250 ASK BEARISH
    Trade Date: June 24, 2024 Trade Time: 12:55 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. Check Out This Order Flow — It’s Been Spot-On! 

The order flow this week has been insane.

From countless ways to play GME’s short squeeze to ADBE – and even SMCI and ARM

Now these are all bullish opportunities…

And they’re the exact kind I’ll be looking out for on MU, FDX, MKC and a few others that report earnings between Monday and Thursday this week.

I see a few 6-figure bulls already hit… we’ll see if there’s more to come.

That said, if you’re interested in seeing how we take advantage of bullish order flows like these…

I’ll Give You the Rundown Here

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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