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If you’ve been trading for a while, you’ve probably heard of the Market Maker Move (MMM), but do you know how to use it to your advantage?
In my latest video, I dive deep into how to leverage these insights to enhance your trading strategies and boost your profits. Here’s a sneak peek at what you’ll learn…
MMM represents the expected price range for a stock around key events like earnings, and it’s represented by the yellow MMM in the top left corner of your Thinkorswim platform’s Trade tab.
Here’s the magic: If you’re bullish or bearish and believe a stock will surpass MMM, you might buy calls or puts.
If you think the stock will stay within the range, selling premium through strategies like iron condors, bear call spreads, or bull put credit spreads can be profitable.
So in today’s video, I’m going to break down exactly how I use the MMM in my trading, be it straight up calls or puts, or even spread trades.
In the full video, I cover real examples, giving step-by-step analysis, and actionable strategies to use MMM effectively in your trading. Whether you’re new to this concept or looking to refine your skills, this video is packed with tips that can give you an edge.
For interesting flow today, we saw multiple short bets in Carnival Cruise (CCL) on both scanners, all dating into October…
Which means it captures the company’s Sept. 30 earnings report. CCL is trading just under $19 a share this afternoon. As always, keep in mind that puts are often hedges against long stock positions should it tank on earnings.
We also saw a sizable bet in MSC Industrial Direct (MSC), a name we don’t recall seeing very often if ever, with the stock down 1.7% today.
Order Flow:
*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
There is inherent risk in trading. Trade at your own risk.
- MSM Oct24 Strike: 90 Calls premium: $307,855 ABOVE ASK BULLISH Trade Date: September 20, 2024 Trade Time: 11:42 am
- CCL Oct24 4th Strike: 18 Puts premium: $173,098 ASK BEARISH Trade Date: September 20, 2024 Trade Time: 11:45 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.
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The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 9/16/24, the average win rate is 68.8%. The average weighted rate of return on options trades was 6.84% over a 3 day average hold time.
