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Whale Goes Fishing Deep in the Money for AMZN Calls

by | Jan 9, 2024

I’ll be LIVE at 4 p.m. ET TODAY to size up my next Perfect Tesla Trade. The room is open — join us here! 

If you’ve been following along in my Telegram channel recently, retail has been hot… And we saw a big fisherman wade into the retail waters with a big-money call buy in the king of e-commerce, Amazon.

With shares of AMZN up about 20% over the past three months, this trader sank about $591K into the January monthly expiration, $143 strike calls early in Tuesday’s trading, following a script we’ve seen a lot of to start the year…

BIG-money buys in more expensive options. You see, Amazon was trading a hair under $150 a share when this order hit, so it’s deep in the money…

I discussed this some during my morning scanner training session, how we’re seeing more expensive options hit. 

This is likely because institutional money is moving back into the market to start the year, so these big-money traders are trying to squeeze every last bit they can out of these positions in the super-high-delta strikes. 

Delta is how much the price of an option will move in regard to how much the underlying stock moves. 

For example, let’s say a call option has a delta of $0.50.

This means that for every $1 the underlying stock moves higher, all things being equal, that option contract will move $0.50 higher. 

This is an important but often overlooked aspect of options trading. 

Now for the day’s top flow…

Tuesday’s Top Order Flow: 

  • ALB Feb24 Strike: 120 Calls premium: $539,031 ABOVE ASK BULLISH
    Trade Date: January 9, 2024 Trade Time: 9:58 am
  • AMZN Jan24 Strike: 143 Calls premium: $590,700 ASK BULLISH
    Trade Date: January 9, 2024 Trade Time: 9:32 am
  • AMD Apr24 Strike: 155 Calls premium: $641,200 ASK BULLISH
    Trade Date: January 9, 2024 Trade Time: 1:41 pm

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’m Eyeing My Next BIG Tesla Trade as You Read This — Join the Room Now! 

Shares of Tesla opened the day by dropping like a rock… 

And that spells “opportunity,” because when I look at the BIG picture, I see this:  

More money flowed into TSLA than any other ticker in the stock market last year… 

And experts are predicting a banner year for Tesla in 2024. 

Personally, I’m seeing an overall BULLISH signal on it… 

And at 4 p.m. ET TODAY, Jan. 9, I’ll be talking about the NEW Tesla opportunity I plan to trade starting this week. 

If you’d like to get the full inside scoop…

The Room Is OPEN — Join HERE!


WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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