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Unpacking an Unusual $1.7 Million SMCI Order — and How I’d Trade It

by | Jan 12, 2024

My “Long Weekend Effect” trades are about to drop — don’t miss out!

Let’s talk about a recent jaw-dropping move in the market — specifically, Super Micro Computer. 

We recently saw a massive trade on Jan. 8 that caught my eye — a BIG-money trader laid down $1.7 million on the February monthly expiration, $380 strike calls in SMCI. 

Now, that’s a heavyweight bet!

What’s intriguing here is not just the sheer size of the trade but its timing and potential implications. It hit my News Flow Scanner right around 2:20 p.m. ET, and the following day, SMCI’s stock shot up $28. 

Coincidence? I think not… 

This kind of movement is a trader’s dream — and exactly the kind of opportunity I live for.

Diving deeper, those calls had seen a 60% increase at the time, a clear indicator of the momentum building in SMCI. 

But here’s my twist…

While these calls were golden, don’t overlook the weekly options. They’re a high-risk, high-reward playground, perfect for those who like to spice up their trading game while also taking on more risk for the potential of a bigger payoff.

In essence, SMCI’s recent surge is more than just a blip on the radar. It’s a signal, a beacon for savvy traders to potentially capitalize on. The market is always talking, folks. The question is, are you listening?

Check out my video up top and I’ll break down a few ways to trade this and other orders that hit my News Flow Scanner all… day… long!

As for the day’s top flow heading into the long weekend… 👇

Friday’s Top Order Flow: 

  • CCJ Feb24 Strike: 55 Calls premium: $156,000 ASK BULLISH
    Trade Date: January 12, 2024 Trade Time: 9:36 am
  • CTSH Feb24 Strike: 77.5 Calls premium: $142,720 ASK BULLISH
    Trade Date: January 12, 2024 Trade Time: 10:36 am
  • GM Jan24 Strike: 35.5 Puts premium: $239,543 ABOVE ASK BEARISH
    Trade Date: January 12, 2024 Trade Time: 11:21 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. 

P.S. I Just Posted 3 New Trades to Enter BEFORE the Close!

I just posted three new trade alerts inside my hottest alert service — Wiretap Alerts! 

It’s crucial you see them before the markets close today because… 

Monday, the markets are closed for Martin Luther King Jr. Day. 

You see, not only do I love trading over traditional weekends… 

But with the markets closed on Monday, it gives us an additional day for my favorite trade alerts to “cook.”

My results in the last two years trading over this specific holiday weekend speak for themselves… 

That’s right… 6 for 6!

Get Ahead of the Long Weekend Here!

Past performance is not indicative of any future results. Trade at your own risk. From 9/20/21 – 1/9/24 on live trades the win rate is 71.5%, the average return is 13.8% on the options over a 3 day average hold time, with an annualized return of 968.52%.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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