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TGT Calls Fall Flat But Retailers Catch a Bid on Earnings 

by | Aug 16, 2023

The market is down Wednesday but we are still seeing fantastic trading…

While there haven’t been any particularly massive orders this morning, we did see an earnings play in Caterpillar ahead of John Deere’s report coming before the open Friday. 

CAT goes for about $154 less per share than DE, so traders are looking for a value play in the cousin stock’s options chain.  

Retailers are also popping on Target earnings, which was up about $8 a share soon after the open, but those calls were swallowed up because the market makers were expecting a bigger move. 

Check out today’s video for a full breakdown of the day’s top flow in less than one minute!

Wednesday’s Top Order Flow: 

  • Caterpillar Inc. (NYSE: CAT): August $282.50 CALL.  
  • United Parcel Service Inc. (NYSE: UPS): September $160 PUT. 
  • Eli Lilly and Co. (NYSE: LLY): August $555 CALL.
  • And more!

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. It’s Almost Time to Learn How I’m ‘Flipping’ Wall Street’s Biggest Trades

Hey Lance here,

Just a quick heads up that it’s almost time to join me and options chain analyst Jeffry Turnmire for our live broadcast that starts at 4 p.m. ET TODAY, Aug. 16! 

Click here to join the zoom room.

See, I recently revealed how I FLIP some of Wall Street’s biggest transactions…

And turn them into trades that target an extra $500 or more in as little as one day (based on a $2,500 starting investment).

Well, it turns out that Jeffry, a 20-year trading veteran, was so interested in these “quick flips” that he wanted to find out more about how it all works.

So I agreed to sit down and show him all of the details…

Get Them for Yourself Here! 

From 5/19/22 through 7/8/23 on closed trade signals, the average win rate is 73.3%. The average return per position (winners and losers) is 9.6% and over a 33.98%.average winner with a 7 day average hold time. Past results are no guarantee of future results and you can lose money.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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