We’ve had quite a day after watching Thursday’s trades highlighted in this newsletter blast off on Friday!
Boring old International Business Machines (IBM) bounced over 2% this afternoon, and Walmart (WMT) topped a 1.1% move, sending those options for a nice ride, especially the weekly WMT calls that peppered the Penny Options Scanner!
And so far Friday, we’ve seen a flurry of short activity in a company that’s taken an absolute beating for about two years now: Boeing (BA).
From planes crashing, doors flying off mid-air and other horrors, to the company’s first strike since 2008, which employees voted 96% in favor of. The strike began at midnight, with workers walking off job sites.
Boeing was one of the best stocks in the world five and six years ago, topping out over $400 a share back in early 2019. But it’s been all downhill since around November that year…
These days, shares are trading around $156. The stock dipped another 5% overnight on the heels of the strike announcement before rising back to flat this morning.
Since lunchtime, it’s back down nearly 4%, and whales are gunning for it to fall even lower over the next couple of months…
The day’s first order came in the September monthly expiration, $157.50 strike puts, followed by the $147 puts near the end of lunchtime.
Then the biggest order of the day, about $334K in premium, hit 5 minutes later in the November $125 puts, with market makers anticipating a move of $22.95 higher or lower by expiration.
We also saw repeat flow in the GE Vernova (GEV) October and January $250 and $270 strike calls, respectively, with shares bouncing almost 6% (over $12) today.
These are definitely more expensive than we like, but also very odd orders in that we hardly if ever see this ticker hit.
And when we see multiple orders in a weird ticker, it catches our attention. So these could at least be worth adding to a watchlist for the next couple of months.
As always, respect that 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.
- BA Nov24 Strike: 125 Puts premium: $333,516 ABOVE ASK BEARISH
Trade Date: September 13, 2024 Trade Time: 12:47 pm - BA Sep24 Strike: 147 Puts premium: $155,286 ASK BEARISH
Trade Date: September 13, 2024 Trade Time: 12:42 pm - BA Sep24 Strike: 157.5 Puts premium: $249,961 ABOVE ASK BEARISH
Trade Date: September 13, 2024 Trade Time: 10:34 am - GEV Oct24 Strike: 250 Calls premium: $230,013 ABOVE ASK BULLISH
Trade Date: September 13, 2024 Trade Time: 12:50 pm - GEV Jan25 Strike: 270 Calls premium: $118,260 ASK BULLISH
Trade Date: September 12, 2024 Trade Time: 3:22 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.
What’s Your Resolution for Next Year?
Each year, millions of people make new resolutions…
To lose weight, live healthier, make more money, etc. But how many people achieve these goals?
According to one study… A measly 8%!
And that’s not good!
So, if one of your goals for the next 12 months is to become a more proficient trader…
Or be able to find better stock market opportunities…
I think I have something that can help you achieve those goals.
And it’s called Platform X.
It’s a trading system I’ve been developing since I left my hedge fund.
It has a unique ability to sense opportunity before you can actually see it.
According to my research, it would’ve issued buy signals on NVDA, MSFT, META, and AAPL before they exploded.
And based on what Platform X is showing right now, a handful of stocks have just flipped bullish…
But the one I like the most is a cheap, $26 stock.
And while I can never promise future returns, I just posted a live session where I teach you how to use Platform X, plus give some of my favorite signals.
If you’d like to watch it…
The Signals Are Still Valid!
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.
