You just can’t keep a good stock down! That’s right, Tesla Inc. (Nasdaq: TSLA) is on the rise again after reports that the EV maker and the Indian government are likely to finalize a deal to bring the American-made vehicles to the country in 2024.
Shares broke out over the $240 mark as we saw some big buying in the weekly calls — around $300,000 in total — you love to see it!
We’re also seeing big downside bets in VanEck Semiconductor ETF (Nasdaq: SMH) this morning as top chipmaker Nvidia Corp. (Nasdaq: NVDA) set to release third quarter earnings after the bell…
With that put buying and reporting in the middle of a low-volume market just before the holidays, traders had better hold on to their hats!
Tuesday’s Top Order Flow:
- TSLA Nov23 24th Strike: 250 Calls premium: $182,385 ASK BULLISH Trade Date: November 21, 2023 Trade Time: 11:59 am
- INTC Dec23 1st Strike: 41 Puts premium: $148,380 ASK BEARISH Trade Date: November 21, 2023 Trade Time: 1:14 pm
- GM Dec23 1st Strike: 28 Calls premium: $108,885 ASK BULLISH Trade Date: November 21, 2023 Trade Time: 11:20 am
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.
Hey, trader! It’s your Unusual Options Professor… Lance Ippolito!
And I just wanted to tell you to get ready…
Because at 1 p.m. ET on Wednesday, Nov. 22, we’re bringing back my awesome “Unusual Options Secrets” training class.
The last time we hosted this particular training event was November of last year…
And no joke… it was one of the BEST events we had in 2022.
A ton of people showed up and walked away with so much value — I literally gave away all my best stuff.
I showed everyone…
- How to read and track unusual options activity using a free online scanner.
- How unusual options can give you the THREE most important elements of any trade.
- And I discussed the power of out-of-the-money options…
And since last November, you have been asking to do it again…