Trading is HOT on the heels of the latest interest rate announcement from the Federal Reserve on Wednesday, but first…
I want to discuss why setting stop losses is for losers. No, I don’t mean setting a stop on your long shares of Tesla or whatever is in your long-term account…
I mean setting stop losses for options — cheap, short-dated options — is a total non-starter for me.
And that’s because this isn’t the 1970s. These days, we’re up against the most sophisticated algo trading machines ever, and they’re programmed to look at stop losses on your cheap, short-dated options, and then move the market just enough to trigger those stops so they can swoop in and take your money.
For my full breakdown, you’ll have to watch today’s quick video…
As for the day’s top flow, WOW!
We saw orders galore hit the News Flow Scanner, and the bulls are hot, hot, HOT on the trail of Citibank, with three orders totaling almost $1.5 MILLION. Two of the orders are longer-dated as well…
On top of that, we saw a MONSTER million-dollar order in another ticker you’ll see below!
Thursday’s Top Order Flow:
- C Sep24 Strike: 60 Calls premium: $693,523 ABOVE ASK BULLISH
Trade Date: December 14, 2023 Trade Time: 12:33 pm - C Dec23 22nd Strike: 52 Calls premium: $389,938 ASK BULLISH
Trade Date: December 14, 2023 Trade Time: 10:17 am - C Feb24 Strike: 50 Calls premium: $372,412 ABOVE ASK BULLISH
Trade Date: December 14, 2023 Trade Time: 9:41 am - GT Apr24 Strike: 16 Calls premium: $1,049,953 ASK BULLISH
Trade Date: December 14, 2023 Trade Time: 10:40 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. This Is 2023’s Most Unstoppable Trade…
Hey, trader!
I sat down with Jack Carter this week and picked his brain on why his “Unstoppable Income Trade” has been so successful.
I know the story behind this trade and trust me, you’ll want to see exactly how it works.
Especially because he’s been rocking an 81% win rate over the past several months with this strategy.
And with Jack’s focus on income trading…
This is exactly the kind of setup you want to have in your arsenal entering the new year.
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/25/23 to 11/29/23 on live trades the win rate is 81%, the average return of winners and losers is 14% with an average hold time of 5 days.
