THREE brand-new trades drop at 3 p.m. ET TODAY — get in on the “long weekend effect”!
Hey, traders!
I’m your resident unusual options activity guru, and boy oh boy… There’s been a lot of unusual activity in one particular name the past two days…
And that ticker is PDD Holdings (PDD), formerly known as Pinduoduo, a Chinese ADR stock.
We covered it in my newsletter on Thursday after some BIG-money traders sank about $10 million into a few different options.
So far this morning, with PDD up over 6% at one point, we’ve seen another $9-plus million in just a few trades, including one for $6.5 million!
That brings the two-day total to $16.7 milly in just two days — and the day is young!
Here’s a look at all of this very unusual activity…
As you can see, the premium is leaning pretty heavily to the bullish side. All of the put flow seems to be a hedge in this monster mover.
More often than not, puts are bought as downside protection for a big long position in underlying shares in case it should tank. Think of them as insurance on a massive long position in shares.
PDD is up about 30% the past month alone, and it’s up 12.5% year to date.
Like I said in my newsletter Thursday, I’m watching this stock and order flow like a hawk… with one big caveat: I’m waiting patiently for dips — not rips — to leg into positions. It’s already moved so much, but clearly there’s big money out there that believes PDD has more room to run up.
That’s all for today, just thought I’d put this stock on your radar!
If you’re looking for more “unusual” trade ideas, I’ll be live at 1 p.m. ET TODAY, May 24, to cover my weekend trading strategy that has a 70%* success rate over long holiday weekends!
Just go here to join Jeffry Turnmire and myself at 1 o’clock — we’ll also have some fresh trade ideas to share! You never know what massive order may hit my News Flow Scanner during these live sessions. Heck, we may even see another multi-million-dollar PDD order 👀
I’ll also be live trading the close with members starting at 3 p.m. ET, so be sure to check us out!
Lance Ippolito
Lance Ippolito Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
Telegram: https://t.me/+-gVwEIwGJhplMTgx
*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
P.S. It’s Time for a Long Holiday Weekend… and 3 Brand-New Trades!
Take a look at this…
What you’re looking at is the result of trades of the last three years that Lance Ippolito took right before a long holiday weekend.
Each weekend he took these trades was followed by a Monday where the markets were closed due to a holiday.
After posting 275 winning trades so far, we noticed that giving trades an extra day to simmer has worked out great…
And that’s exactly what these long holiday weekends do.
This is part of the reason why we’re so excited for Memorial Day.
Because you see, Lance has found not one but THREE brand-new opportunities for the holiday weekend…
And while we cannot promise future returns or against losses, he’s sharing it live with his pal, Jeffry Turnmire, an amazing trader in his own right, at 1 p.m. ET on Friday.
Together, they’ll show you how we plan to trade them before this long holiday weekend!
*The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 5/23/24 through 8.13%, the average win rate is 70.2%. The average weighted rate of return on options trades was 8.13% over a 3 day average hold time.