I’ll be live at 10 a.m. ET on Saturday, Feb. 10, to cover the top options flow I’ve spotted heading into next week — the scanner is on FIRE!
While the chip stock frenzy continues — SMCI is the trade that keeps on giving! — there’s another tech company seeing bullish flow heading into the weekend…
The big, dirty dog, Datadog (DDOG), which reports earnings before the open Tuesday. I posted this early Friday in my Telegram channel…
The bullish DDOG action actually began Thursday morning, when a trader bought the February monthly expiration, $155 strike calls.
The flow continued Friday morning with a big buyer grabbing over $308K worth of the monthly expiration, $149 calls. After that, another buyer went more conservative with the September monthly, $165 calls.
And then just after 11 a.m. ET, someone else bought the March monthly, $150 calls (over $226K in premium).
I listed another BIG trade in the flow that I covered during a live session on Thursday, a $2.2 million short order in monthly expiration, $140 strike puts for Coinbase (COIN), which started breaking down after a big pop Friday morning.
COIN reports after the close on Feb. 15!
As always, these short-dated plays can go to $0 if wrong. Respect the risk and trade — or don’t trade at all — accordingly!
Friday’s Top Order Flow:
- DDOG Mar24 Strike: 150 Calls premium: $226,260 ASK BULLISH Trade Date: February 9, 2024 Trade Time: 11:04 am
- DDOG Sep24 Strike: 165 Calls premium: $242,000 ASK BULLISH Trade Date: February 9, 2024 Trade Time: 10:56 am
- DDOG Feb24 Strike: 149 Calls premium: $308,440 ASK BULLISH Trade Date: February 9, 2024 Trade Time: 10:53 am
- COIN Feb24 Strike: 140 Puts premium: $2,152,800 ASK BEARISH Trade Date: February 9, 2024 Trade Time: 9:48 am
- ANET Feb24 Strike: 295 Calls premium: $118,720 ASK BULLISH
Trade Date: February 9, 2024 Trade Time: 12:59 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. Did You Catch ARM’S Move This Week? Chip Stocks Are Going Parabolic
On Monday, me and Jack Carter hosted one of our famous Overnight Options sessions.
Our focus was on semiconductor stocks and particularly the ones that report earnings this month.
So far, semiconductors have been crushing their earnings…
And I expect the companies that announce the rest of month will follow suit…
Did you catch ARM this week? It shot up nearly 60%!
If you want to see how Jack and I plan to approach these stocks, you can see what we have to say…
When you do, we’ll share nine stocks that me and my team are eyeing throughout February.
