>>>SIX insiders just bought 126K shares of my favorite $16 stock — get the details on No. 1 swing trade for July LIVE at 1 p.m. ET on Tuesday! <<<
First, be sure to clear your schedule for 3 p.m. ET on Wednesday so you can trade the close with me!
We have a lot of fun during these sessions, and they’ve made for some incredible trade wins! Not to mention, earnings season really gets underway on Thursday with Delta (DAL) and PepsiCo (PEP) reporting — we saw a PEP play in today’s order flow — followed by the big banks on Friday!
As for today’s video… I want to discuss something I rarely ever cover, and that’s penny stocks.
Penny stocks can be super risky and are ripe for pump-and-dump schemes, specifically those that experience a sudden surge in price due to news announcements or hype.
I highlighted the potential for quick losses and the difficulty in timing entry and exit points, and also recommend sticking to stocks that have sustained volume and liquidity, indicating a healthier market and more stable price action.
📈 Penny stocks can experience rapid price increases followed by equally rapid declines, leaving investors with significant losses.
📉 These stocks often lack sustained volume and liquidity, making it difficult to exit positions once the hype fades.
⚠️ Timing is critical in penny stock trading, and even experienced investors can find it challenging to predict price movements.
🚀 I suggest focusing on stocks with continuous volume and liquidity, which may offer more stable growth and better risk management.
💡 I also emphasized the importance of avoiding “hype names” that rely on short-term news or trends for their price appreciation.
As for the day’s top flow, we have some PEP calls that are smack dab in the money for Thursday’s report. We also saw some in-the-money puts for a company called Helen of Troy (HELE), which we don’t recall seeing very much if ever.
Puts are often hedges in case a stock tanks on earnings, but these are in the money and the stock is down over 25% year to date.
Finally, we saw a $1.2 million bet in Nvidia (NVDA), but these are way too long-dated for our taste.
As always, respect the risk!
Monday’s Top Order Flow:
- PEP Jul24 Strike: 162.5 Calls premium: $124,416 ASK BULLISH
Trade Date: July 8, 2024 Trade Time: 11:46 am - HELE Sep24 Strike: 90 Puts premium: $150,197 ABOVE ASK BEARISH
Trade Date: July 5, 2024 Trade Time: 1:06 pm - NVDA Jan25 Strike: 132 Calls premium: $1,207,680 ASK BULLISH
Trade Date: July 8, 2024 Trade Time: 2:17 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. My No. 1 Swing Trade for July…
SIX insiders just bought 126,000 shares of my favorite $16 stock.
Click here to join us at 1 p.m. ET on Tuesday, July 9, as I announce the name and ticker!
Keep in mind…
There are roughly 2,400 companies listed on the New York Stock Exchange.
So finding ONE stock to swing this month is no easy feat.
But when I saw whales throwing over $2M into this low-priced gem…
I knew I had to take a closer look…
And realized I had to “strike when the iron’s hot.”
While we cannot promise future returns or against losses…
I don’t think you’ll want to miss out.
IMPORTANT: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 3/1/20 through 7/9/24, the average win rate on our live issued trade alerts is 70.5%, the average return per position is 8.07% with an average hold time of 18 days. We cannot guarantee any specific future results, as there is always a high degree of risk involved in trading. There is always a high degree of risk involved in trading. See our Terms on the TradingPub homepage for more information.
