Trading has been absolutely insane, and even though my internet went out in the storm ahead of Wednesday’s live session…
Some of you made out like bandits on Goldman Sachs calls in a matter of minutes after they hit the News Flow Scanner!
On top of that, the RH calls we covered in Wednesday’s edition of this newsletter went to the moon — BANG!
With the first quarter of 2024 ending this weekend, the streaming giants saw some action on Thursday, with the ol’ House of the Mouse, Disney, seeing a couple of short bets after a massive run higher since the end of October.
Since trading just under $80 a share on Oct. 27, DIS is now up over $122, a 52% run in just five months!
With Disney popping another 2% on the open Thursday, a bearish trader stepped in to grab the April 5 expiration, $120 strike puts. About an hour before that, we saw a $269K order in the DIS December 2025 $130 puts — a likely hedge against a long stock position should it tank anytime before then.
We also saw a bullish bet in Paramount (PARA), May monthly, $16 calls with the stock surging as much as 1.6% to just under $12 on Thursday afternoon.
PARA has gone the opposite direction of Disney this year, down about 20% year to date while DIS is up 36% this year.
We also threw in a bullish order in Newmont (NEM), which is up over 16% the past month with traders looking for more juice in the gold trade.
EDITOR’S NOTE: We also saw another bearish DIS order at 1 p.m. ET: the April 5, $123 puts. So the bearish orders are adding up today 👀
Thursday’s Top Order Flow:
- PARA May24 Strike: 16 Calls premium: $107,937 ABOVE ASK BULLISH
Trade Date: March 28, 2024 Trade Time: 12:11 pm - DIS Apr24 5th Strike: 120 Puts premium: $126,911 ASK BEARISH
Trade Date: March 28, 2024 Trade Time: 11:38 am - NEM Apr24 12th Strike: 37 Calls premium: $105,000 ASK BULLISH
Trade Date: March 28, 2024 Trade Time: 12:43 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.
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. A Bullish Flood Inside the Scanner
This past week was HUGE for the News Flow Scanner…
I saw the balance between bullish and bearish orders flip pretty drastically.
Essentially, the number of bullish orders were nearly double the bearish plays.
By Wednesday afternoon, I saw more than 220 bullish orders!
And let me tell you, that’s a lot.
Some of the biggest of the week came from Marvell, Amazon and Valero Energy.
But here’s the thing… This bullish trend could continue this week
