Back from the weekend and I’ve got some interesting market insights to share with everyone in today’s video…
The overall market might be taking a breather, with the S&P 500 and Nasdaq showing little action today, but I’ve spotted some individual stock plays that are worth your attention.
In my latest video, I cover:
- Momentum Stock Watch: AppLovin (APP) and a few other names made some impressive moves today.
- Sector Rotation: There’s been a noticeable shift into crude oil stocks — are we seeing a flight to safety?
- Biotech Buzz: Some biotech stocks are lighting up the tape with unusual call activity. Could this be the next big opportunity?
- Avoid the Traps: Why I’m steering clear of big-cap tech like Apple and Amazon right now. Don’t get caught playing with fire!
If you want to know which stocks I’m eyeing and how I’m navigating this choppy market, you need to check out this video up top!
As for what’s hitting the scanners…
With shares tanking as much as 13% in early trading Monday, we saw a sizable bet in Upstart (UPST) that also captures the company’s next earnings event on Nov. 5, with a trader looking for a rebound.
We also saw an avalanche of flow into Intel (INTC), maybe the most orders we’ve seen in a day for a stock that isn’t Nvidia (NVDA).
Bullish traders piled into the September monthly expiration calls at the $21 and $21.50 strikes, with orders hitting both the News Flow and Penny Options scanners.
In fact, the Penny Options scanner saw ELEVEN orders in the course of just a couple of hours this morning into lunchtime.
These calls that expire this Friday have the potential to make wild moves, so respect that risk — they are quite “cheap,” which of course we love!
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.
- UPST Dec24 Strike: 37.5 Calls premium: $241,150 ABOVE ASK BULLISH
Trade Date: September 16, 2024 Trade Time: 10:21 am - INTC Sep24 Strike: 21 Calls premium: $124,800 ASK BULLISH
Trade Date: September 16, 2024 Trade Time: 12:54 pm - INTC Sep24 Strike: 21.5 Calls premium: $142,341 ASK BULLISH
Trade Date: September 16, 2024 Trade Time: 12:05 pm
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.
P.S. THE Ticker to Watch Head of Nov. 5
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So…
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And it’s called “Platform X.”
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And based on what Platform X is showing right now, a handful of stocks have just flipped bullish…
But the 1 I Like Most Is a Cheap $26 Ticker
The profits and performance shown are not typical. We make no future earnings claims, and you may lose money. These trades expressed are from historical backtested data in order to demonstrate the potential of the system.
