I just closed another trade from a session we had a few weeks ago in AT&T (T), which is up 4.5% today on earnings… This trade worked out great, so come see what’s hitting today for “StonkaMania”!
So far today, the market is an absolute bloodbath on the heels of Tesla (TSLA) and Google parent Alphabet (GOOGL; GOOG) earnings, with TSLA tanking over 12% at one point.
Look for support at $170 for GOOGL, and $226 for TSLA.
I also mentioned in Tuesday’s newsletter that if Amazon (AMZN) fell today along with GOOGL — it’s down over 2% as of lunchtime — that I’d look to add more of the $200 strike calls expiring next week, capturing earnings.
The risk-reward here will be incredible if I can snag these babies around $1.00 a contract. They’re about $1.50 right now — and you know I love CHEAP options!
As for things l like…
My favorite stock, TKO Group Holdings (TKO), is rallying ahead of today’s 3 p.m. StonkaMania event! TKO is of course the company that owns WWE…
And if you hadn’t noticed…
I love pro wrasslin’! A trader laid out about $50K in the August monthly expiration, $110 strike calls. Not the biggest bet, but decent-sized considering the low volume in TKO today.
Hit this link and join me at 3 p.m. to see what else is hitting during the final hour — maybe the best hour to trade each day!
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
Lance here!
Exciting and URGENT news!
Join me right here at 3 PM ET to trade the close!
Just pure, live trading.
Bring your favorite tickers and questions! I don’t do this very often, so don’t miss out…
See you there!
