>>> Grab THREE new weekend trades dropping at 3 p.m. ET TODAY! <<<
Discussing some recent trades we took on my Telegram channel…
I know some of y’all thought I was crazy buying Ford (F) and General Motors (GM) puts at the tippy top of the market.
And they turned into amazing trades on the put side! Check out these results for Shadow Trader**:
Will the downside continue into GM’s earnings report before the open on Tuesday? We did get a play late Thursday that captures the company’s report.
The stock is, however, down about 2.4% as of lunchtime on the East Coast today to around $48.50. The order is below but it’s already seen a significant move, going from about $0.18 a contract around the time of purchase to above $1.80 this morning.
IF you believe GM has more downside ahead for earnings, the smart move would be going with something in the money.
I believe these names move lower on earnings but closed out the trades because a bird in the hand, as they say…
The big story today is all around the largest IT failure in history after an update to CrowdStrike (CRWD) caused massive outages all over the world.
This news sent shares of CrowdStrike reeling, down about $50 (14%) at the open from around $344 a share to $295.
And since gaps are made to be filled, some dip buyers were on the scene today.
We saw bullish orders in the July monthly (today), July 26, August and September monthly, and other expirations dating into next year in a number of strikes. We put the biggest order in the flow below.
Whomever placed this trade Thursday morning hit it BIG TIME today, with these puts more than tripling on the open — BANG!
That’s why we follow the flow!
We also saw a decent-sized order in Coinbase (COIN) that captures the company’s Aug. 1 earnings report… In fact, it expires the day after on Aug. 2.
COIN was up over $19 (over 8.3%) a share above $252 at the time of this order, which is obviously a lot today, so make sure not to chase. Market makers expect a move around $42.45 higher or lower by this expiration date.
As always, respect the risk!
Order Flow:
*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.
- CRWD Aug24 23rd Strike: 320 Calls premium: $577,600 ASK BULLISH
Trade Date: July 19, 2024 Trade Time: 9:47 am - GM Jul24 26th Strike: 50 Puts premium: $192,855 ASK BEARISH
Trade Date: July 18, 2024 Trade Time: 10:36 am - COIN Aug24 2nd Strike: 270 Calls premium: $382,525 ABOVE ASK BULLISH
Trade Date: July 19, 2024 Trade Time: 11:41 am
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
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
**For Shadow Trader, we have a 70.6% win rate on 595 total trades, and the average winner is 44.44% in an average hold time of five days. We have a 12.46% average return including winners and losers.
P.S. Want to See What My Most Successful Traders Are Doing?
The most successful traders aren’t trading technical patterns….
Which means they don’t spend their precious time looking for head-and-shoulders patterns…
Triple bottoms…
Or falling wedges…
Those strategies look good on paper but often lead to failure when people put them to practice.
Here’s what successful traders are doing instead…
They’re using information that’s flagged by the News Flow Scanner to gain a competitive edge in the market…
And that’s what I do too!
That’s because it can tell me -usually 24 hours in advance- which stocks are
likely to see bullish or bearish news.
I just wait for a flash on the scanner to get in on the right side of the movement…
Then I have a real shot at coming back to a nice overnight gain.
Look, I’m not promising future gains here…
Everybody knows there’s risk involved in trading… There’s bound to be winners and losers on the road of life but…
Check Out the News Flow Scanner Here!
