I thought we’d do something a little different but fun today…
I get asked a lot about what it costs me to trade via all the subscriptions and things I have to pay for — yes, I have to pay for my News Flow Scanner, too!
You’ll be surprised by how much goes out each month. But hey, I’m not complaining — I get to trade and make videos for all you guys and gals out there!
But what about today’s earnings? Well, we have some interesting order flow in three names today: Coinbase (COIN), DoorDash (DASH) and DraftKings (DKNG) — the last of which actually hit the scanner late Wednesday.
COIN is currently trading around $165 a share and the market makers expect a move of $19.21, so it would obviously take a massive beat for those March 1 expiration, $200 strike calls to print.
Each of these has a little more time than what we normally see but you still have to respect that risk!
Thursday’s Top Order Flow:
- COIN Mar24 1st Strike: 200 Calls premium: $148,014 ABOVE ASK BULLISH
Trade Date: February 15, 2024 Trade Time: 10:19 am - COIN Mar24 Strike: 180 Calls premium: $1,515,440 ASK BULLISH
Trade Date: February 15, 2024 Trade Time: 9:40 am - DASH Jun24 Strike: 135 Calls premium: $100,880 ASK BULLISH
Trade Date: February 15, 2024 Trade Time: 12:41 pm - DKNG Mar24 Strike: 41 Puts premium: $159,200 ASK BEARISH
Trade Date: February 14, 2024 Trade Time: 3:14 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. Don’t Look Now, But Tesla Is MOVING Again
If you’re currently holding shares of TSLA, which is finally moving higher again after a rough start to the year…
Or it’s a stock you trade frequently…
I’m exploring a new opportunity inside shares of Tesla every week…
I’ll be talking about a couple strategies to deploy for TSLA, and if it’s a stock worth trading right now.
If you’d like to hear what I have to say, I just posted an Emergency Tesla Briefing.
