What the Big Money Is Buying in SNAP for Earnings — Trade the Close With Me!

by Lance Ippolito | Apr 25, 2024

First, let me say I’m live trading at 3:30 p.m. ET TODAY ahead of the close, and one of my favorite stocks to trade is reporting — I’ll get to that in just a minute…

Earnings season is in full swing, with Meta Platforms taking a dive on weak forward guidance, helping drag the market down along with a weak Q1 GDP.

After the close today, we’re trading one of my top 100 tickers that I’ve had the most success trading the past couple of years…

We recently did an internal audit to see which stocks I’ve had the best success with — and I’m going to present my findings on Monday, along with a new plan of action, so stay tuned!

Back to that ticker reporting earnings after the close today…

Snapchat (SNAP) has seen several buys the past few days, and it’s one of my 100 most successful tickers to trade. Check out my track record for official strategy alerts I’ve sent dating back to 2021!

So what’s the big money buying ahead of earnings today?

Aside from one pretty big order of puts in the weekly expiration, 11 strike bought Monday, we’ve seen three bullish orders since…

The most recent two came today, the first in the May monthly expiration, $12.50 strike calls, and the second in the weekly $11 strike calls with SNAP trading just under $11 most of the day.

Market makers expect a move of $2.45 higher or lower.

Now, keep in mind, these weekly orders are total dice rolls that can and will go to $0 if wrong.

Respect that risk and only trade what you can afford to lose!

If you want my personal thoughts on SNAP heading into the close, be sure and join me for a LIVE trading session at 3:30 p.m. ET TODAY!

I also included an order in Intel (INTC), which reports after the close.

The Top Order Flow:

SNAP Apr24 26th Strike: 11 Calls premium: $135,135 ASK BULLISH
Trade Date: April 25, 2024 Trade Time: 12:27 pm
SNAP May24 Strike: 12.5 Calls premium: $101,556 ASK BULLISH
Trade Date: April 25, 2024 Trade Time: 11:17 am
SNAP Apr24 26th Strike: 10.5 Calls premium: $113,025 ASK BULLISH
Trade Date: April 23, 2024 Trade Time: 12:01 pm
SNAP Apr24 26th Strike: 11 Puts premium: $194,633 ASK BEARISH
Trade Date: April 22, 2024 Trade Time: 1:23 pm
INTC May24 Strike: 36.5 Calls premium: $203,604 ASK BULLISH
Trade Date: April 25, 2024 Trade Time: 9:55 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. Who’s Ready for My Brand-NEW $25K Challenge?!

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.