>>>NEW $25K PROJECT!<<<
SAVE THE DATE: 1 P.M. ET ON MONDAY, APRIL 29!
We saw B. Riley Financial (RILY) — an order from our live training session on Monday! — rip up to 60% Wednesday morning… BANG!
Tesla (TSLA) is also bid today after reporting earnings after the close Tuesday, and it looked like we might see a short squeeze party today, but then most everything started to fade.
We still, however, have a boatload of earnings coming, including Facebook parent company Meta Platforms (META) after the close today.
Where Tesla failed to give the market much juice even with its big bounce, could a strong report by Meta get things moving higher?
That’s yet to be determined, and we’ve seen a mixed bag the past several days in META orders…
We’ve seen four orders in the Facebook parent company dating back to Friday, and it’s 50-50 with two calls and two puts.
With shares trading around $488 Wednesday afternoon, we saw a weekly expiration, $450 strike put hit the ol’ News Flow Scanner, with market makers expecting a move of nearly $40 higher or lower.
We saw a way-out-of-the-money $400 put expiring in June hit on Friday. Keep in mind that puts are oftentimes insurance policies against long stock positions should the stock tank on earnings.
For calls, we’ve seen the May 3, $480, and weekly $500 calls hit on Monday and Friday, respectively.
META is an expensive stock so the options are pricey, but we also saw a couple of orders in BMY and AZN, though… The BMY calls don’t expire until January 2025, which is way outside my personal trading time frame.
As always, respect that risk — short-dated, weekly earnings plays can and will go to $0 if wrong!
Wednesday’s Top Order Flow:
- META Apr24 26th Strike: 450 Puts premium: $270,230 ASK BEARISH
Trade Date: April 24, 2024 Trade Time: 11:28 am - BMY Jan25 Strike: 38 Calls premium: $118,000 ASK BULLISH
Trade Date: April 24, 2024 Trade Time: 9:44 am - AZN Apr24 26th Strike: 69 Puts premium: $145,512 ABOVE ASK BEARISH
Trade Date: April 24, 2024 Trade Time: 9:54 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. My BRAND-NEW $25K Challenge Is Kicking Off Next Week!
I mentioned recently that I was going to do an account growth challenge…
Essentially, the goal was to take a brand-new $25,000 trading account to some pretty extreme heights over the next year.
But I heard through the grapevine that some folks are already rooting against me…
And that’s fine — I LOVE having haters!
It’s not like this is the first time I’ve attempted something like this…
In fact, I’ve done it multiple times over the course of my career. Not a lot of people know this, but before I started working at The TradingPub, I had to show the publisher I knew what I was doing…
So, I showed him how I took a tiny $1,400 dollar account to more than $7,100 in just about 70 days…
Obviously, that was all the way back in 2019… Since then, I’ve grown a lot as a trader.
And next week — — kicks off my next attempt to take an account to new heights….
The only difference between this and the previous attempts is that I’m inviting you to tag along with me, starting at 1 p.m. ET on Monday, April 29.
So If you’d like to see what this $25,000 strategy is all about…
I Can’t Wait to Share It With You!
The profits and performance shown are not typical for the expressed time frame. This data includes posted trade alerts from Shadow Trader, Wiretap, Alpha Sweeps, and Quick Flips from 2/1/20 to 4/29/24. At the time data was taken all alerts services showed win rates above 70% with the highest average return of 14% with an average hold time of 7 days.
