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We’re at the beginning of a monster week of earnings, with the likes of Tesla (TSLA) Google parent Alphabet (GOOG; GOOGL) and others reporting.
First, if you missed my live session this morning, we gave a free trade idea in Jumia Technologies (JMIA) for my Quick Flips strategy. And boy was this a QUICK FLIP!!
In and out of the trade in under two hours for a 51.52%** gain — BANG!
We’re running a special for Quick Flips right now, a new trade alert is dropping at 3 p.m. ET TODAY, and the deal expires at midnight, so go on and get yours before time runs out!
Back to today’s earnings plays…
Both of those behemoths report after the close Tuesday, so let’s take a look at what’s hitting the News Flow Scanner for Alphabet today…
Alphabet has two stocks the general public can trade, the Class A and Class C offerings.
Class A shares have the L in the ticker (GOOGL), and owners have voting rights.
Class B shares are held by company founders and insiders, giving them 10 votes per share. The shares cannot be publicly traded.
Class C shares (GOOG) are publicly traded and hold no voting rights.
We see GOOG and GOOGL hitting the scanner all of the time… except lately. We did, however, catch an earnings play in the Aug. 2 expiration, $192.50 strike call options, with shares trading just under $184 at 1 p.m. ET today, up 2.5%.
Market makers expect a move of $9.96 higher or lower following the announcement, so just in range with an extra week before expiration. A move above $192 would put the stock right back where it was on July 10 before tech stocks started selling off.
Then later today, we caught wind of a GOOGL play in the weekly $185 calls, with shares trading around $182.50. Market makers expect a move around $10.04 higher or lower, so this is well within range and much closer to in the money (and also a larger premium).
We also saw Ford (F) calls in the weekly $14.50 strike, with shares trading right around $14 a share this afternoon.
Finally, we saw some Comcast (CMCSA) weekly calls in the $40.50 strike with shares trading just above $39 today.
These are all very short-dated plays, so keep in mind that they can and will go to $0 if wrong, or if the stocks don’t move enough.
Respect that risk!
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.
- GOOG Aug24 2nd Strike: 192.5 Calls premium: $123,798 ASK BULLISH
Trade Date: July 22, 2024 Trade Time: 10:35 am - GOOGL Jul24 26th Strike: 185 Calls premium: $187,600 ASK BULLISH
Trade Date: July 22, 2024 Trade Time: 11:47 am - CMCSA Jul24 26th Strike: 40.5 Calls premium: $195,168 ASK BULLISH
Trade Date: July 22, 2024 Trade Time: 12:22 pm - F Jul24 26th Strike: 14.5 Calls premium: $233,050 ASK BULLISH
Trade Date: July 22, 2024 Trade Time: 12:24 pm
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.
**Quick Flips has a 74-29 record for a 71.84% win rate. The average gain — including winners and losers — is 5.37% over a six-day average hold time.
P.S. Ready to Flip Some Trades?
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