If you missed it late Thursday…
Roaring Kitty is back with a tweet that set the meme stock world ablaze!
Seconds before GameStop (GME) was halted, we spotted call options on the weekly $26 strike that more than tripled — some strikes even 5X’d in value! On top of that, stocks like Chewy (CHWY) surged, with options seeing a 50% rally in minutes.
So, what does Roaring Kitty’s tweet mean?
Let’s break it down:
🎮 GameStop Earnings Moved Again — Looks like January 9 is the likely date, but market makers keep shifting it.
📈 April Calls Heating Up — Massive open interest on April expirations — could this be his big play?
🐾 Chewy and AMC Spikes — Meme stocks ripped alongside GameStop.
So check out my video up top!
Order Flow:
After a slower week for earnings following the Thanksgiving holiday, things may pick up again next week.
We saw a “cheap” play hit the scanner this week in a company reporting after the close Monday.
The company is Planet Labs, and shares are trading around $4.10 this afternoon with a trader scooping up the January monthly expiration, $5 strike calls.
Contracts are going for around $0.55, so this could be a lower-risk play as far as the price of entry. PL is up over 65% this year and market makers expect a move of $0.69 higher or lower after the earnings event, and a move of $1.86 higher or lower by expiration, so you do have some extra time here in case it doesn’t move enough (or goes in the other direction).
It’s also a pretty hefty order for a stock like this ($200K) — just beware the extra risk that comes with trading penny stocks!We included the GameStop (GME) orders from the past couple of days, including an unserious $100 strike call expiring next month with shares trading under $29 today. Market makers are implying a move of $10.80 higher or lower by expiration.
If that order ends up hitting, that trader is a legend.
Most likely, however, they’ll lose that entire $131K premium (unless they exit early). The only GME orders to hit the Penny Options Scanner today also expire at the close today ($26 and $32 strikes), so it could even be a doomsday hedge against a short position.
Finally, this isn’t an options play so much as an observation…
Quantum computing names like D-Wave Quantum (QBTS), Quantum Computing (QUBT) and Righetti Computing (RGTI) are all catching a bid. So I’m looking at these tickers’ for long-term buy-and-hold opportunities. Again, these are penny stocks (QUBT is the only one trading above $5 a share right now), so recognize that risk!
*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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
Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Take a Look at This Penny…
In the real world, you can’t do much of anything with it. It doesn’t hold much value…
And you can’t really buy stuff with it.
However, in trading… that penny you see can go a long way.
In fact, just a handful of them are enough to target returns of 100% or more in as little as 24 hours.
I know that sounds a little crazy…
But thanks to a new development in options trading, we’ve closed dozens of needle-moving returns starting with just a handful of these pennies.
That includes a 100% return starting with just 20 cents…
A 115% mover starting with 46 cents…
And even a 180% return starting with just 25 cents.
And while these are of course some of the best returns so far, we’ve also had smaller wins and those that did not work out.
That said, there are dozens of these penny priced opportunities hiding in the options market every single day…
To take advantage of them, you just need to know where to look.
But that’s exactly why at 1 p.m. ET this Monday, I’ll teach you how to use just a handful of these pennies to target returns of 100% or more in as little as 24 hours.
Not just that…
While we cannot promise future returns or against losses, you’ll also receive the next penny priced trade alert completely free.
The way I see it, this could be your best shot at targeting money-doubling returns before Christmas hits.
The performance shown is not typical, and you may lose money. The examples displayed are historical trade ideas found in real-time. There were smaller wins and those that did not work out. Results will vary for each individual user.
