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Will These AFRM Puts Pay?

by | Nov 8, 2023

We did it again!

Last week in this free newsletter, we sent everyone a 200% to 300% — depending on which strike and expiration was selected — overnight winner for Block (SQ) earnings…

And then Tuesday of this week, I wrote all about Roblox earnings this morning, sharing this play that saw two big buys in the past couple of days…

  • RBLX Nov23 10th Strike: 34.5 Calls premium: $182,196 ASK BULLISH
    Trade Date: November 7, 2023 Trade Time: 12:52 pm
  • RBLX Nov23 10th Strike: 34.5 Calls premium: $121,125 ASK BULLISH
    Trade Date: November 6, 2023 Trade Time: 10:39 am

And wouldn’t you know, Roblox crushed earnings before the bell Wednesday, the stock popped over 19%, and these calls rocketed 200%!

Which just goes to show, it pays to read this newsletter each and every day because you never know what juicy plays we may uncover from my News Flow Scanner!

So what do we have in store for today?

Puts in fintech company Affirm (AFRM)… The December monthly $20 puts worth about $195K to be specific. The play came in just after the open with the stock down about 8% already before rallying back above $21 a share. 

Affirm may have been down so much because Upstart — another fintech digital lending company — just reported, falling over 25% on the day…

AFRM reports after the close today and market makers implying a move of $5.82 up or down as I filmed today’s video. So these could be worth a look!

Just remember that puts are more often than not hedges against long positions should the stock tank on earnings. But these were pretty much in the money at the time of purchase, and if I’m buying puts off the scanner, I like them to be ITM!

Just remember to respect that risk should you decide to play 

EDITOR’S NOTE: AFRM saw more bearish activity after Lance filmed today’s video. These are, however, more out of the money…

Lance mentioned via DM that implied volatility was too high for his liking on the weeklies!

Wednesday’s Top Order Flow: 

  • AFRM Dec23 Strike: 20 Puts premium: $195,435 ASK BEARISH
    Trade Date: November 8, 2023 Trade Time: 9:34 am
  • AFRM Nov23 10th Strike: 18 Puts premium: $303,682 ABOVE ASK BEARISH
    Trade Date: November 8, 2023 Trade Time: 1:10 pm
  • PYPL Dec23 Strike: 55 Calls premium: $359,115 ABOVE ASK BULLISH
    Trade Date: November 8, 2023 Trade Time: 1:23 pm

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

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 and scammers. 

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. Avoid the Midweek Volatility

There’s a trading genius hitting the markets right now…

One that lets you know which stocks are most likely to pop over the weekend, and it’s gaining some serious momentum…

Yet only a handful of trading pros know how to leverage it…

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Granted, there have been bigger gains, smaller gains and some — about a quarter of the trades — that resulted in a loss…

But imagine this…

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That’s why I’m writing to you now…

At 4 p.m. on Thursday, Nov. 9, I’m hosting a free live event where I’ll show a few traders:

  • How we’ve been able to take advantage of this “trading sensation” to lock a 72% win rate across 316 Weekend alerts in the last two years.


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And more importantly…

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Join Me and Save Your Seat Here!

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 11/3/23, the average win rate is 72.4%. The average weighted rate of return on options trades was 14% over a 3 day average hold time.


WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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