Another amazing week of trading has come to a close… I’m wearing my Royal Rumble hat right now because we’ve been laying the proverbial smackdown on the market.
From HOG, MRVL, MU, NET, LVS, PYPL, APA and TKO calls — the WWE’s parent company! — calls to TSLA, NKE and LULU puts… It’s been a party…
A party that I hope continues into next week with the three trades I’m dropping at 3 p.m. ET TODAY!
The market right now is over-extended. So it’s important to keep that in mind because even though things are going great, you need to use proper risk management.
I’m not risking much at all per trade right now because I believe the market is so overbought.
This is no time to go big — you must keep that ego in check because this is actually when it’s easy to get burned.
That said, it was a pretty slow day for earnings flow, with nothing big for next week hitting. The juiciest earnings play for next week actually came in on Monday and Tuesday of this week in Carnival (CCL), the cruise line company.
Shares are trading right at $17 Friday afternoon, so both are still definitely in play. I also threw in an order in Intuitive Machines (LUNR), which you don’t see hit often if ever (that makes it interest and it’s also cheap!), and a C call…
Citigroup (C) calls have been hitting the News Flow Scanner for a couple of weeks now, and three more came today with traders looking to buy the dip.
As always, respect that risk!
Top Order Flow:
- CCL Apr24 Strike: 17.5 Calls premium: $192,348 ASK BULLISH
Trade Date: March 19, 2024 Trade Time: 10:12 am - CCL Apr24 5th Strike: 16.5 Puts premium: $245,381 ABOVE ASK BEARISH
Trade Date: March 18, 2024 Trade Time: 10:17 am - LUNR Apr24 5th Strike: 6 Calls premium: $179,830 ASK BULLISH
Trade Date: March 22, 2024 Trade Time: 10:10 am - C Apr24 26th Strike: 62 Calls premium: $182,004 ASK BULLISH
Trade Date: March 22, 2024 Trade Time: 9:42 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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