The market’s in a bit of a tailspin, and it’s starting to feel like the Bitcoin ETF hype — which I discussed last week — was a top after the massive run to end 2023.
The elite of the world’s elite are gathered once again in Davos for the World Economic Forum, where we’re seeing a lot of bearish notes hitting the headlines.
JPMorgan CEO Jamie Dimon had a laundry list of things to be bearish about, including the war in Ukraine and everything going on in the Middle East, the long-term effects of quantitative tightening.
He also called Bitcoin a worthless “pet rock.”
Goldman Sachs CEO David Soloman is concerned about soaring U.S. debt.
We’ve seen some big red flags with shares of Apple of late, and big-money traders are rushing to buy protection in Microsoft, which just passed Apple as the world’s most valuable company…
Meanwhile, China stocks got crushed overnight, falling to near-5-year lows ahead of the U.S. market open Wednesday.
So there’s a lot of news going around. And yet…
I have my eyes open for some bottom fishing. As Buffett says, be greedy when others are fearful and fearful when others are greedy.
And there’s more than enough fear going around…
Wednesday’s Top Order Flow:
- MSFT Apr24 Strike: 380 Puts premium: $2,426,074 ABOVE ASK BEARISH
Trade Date: January 17, 2024 Trade Time: 9:43 am
- OXY Aug24 Strike: 67.5 Calls premium: $103,796 ASK BULLISH
Trade Date: January 17, 2024 Trade Time: 12:36 pm
- DDOG Feb24 Strike: 125 Calls premium: $529,935 ASK BULLISH
Trade Date: January 17, 2024 Trade Time: 11:22 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. How to Piggyback on Some of Wall Street’s Biggest Moves
I don’t talk about this often, but I’ve been flipping some of Wall Street’s biggest transactions into extra cash.
What you have to understand is that big Wall Street firms account for 80% of the volume of trades on the New York Stock Exchange.
Their large volume dumps on any given stock is more than enough to temporarily lift the price over a short period of time…
And thanks to a special type of trade I’ll show you today, we’re able to piggyback on some of these large-volume transactions…
And quickly flip them into opportunities targeting $500 or more in a single day (based on a $2,500 investment)…