Get my earnings watchlist for next week live at 2:30 PM ET
We’ve gotten some of the big boys out of the way this earnings season, but there’s a boatload more coming next week with the likes of AMD, Google, Spotify, Palantir, Uber, Ford, Disney, Amazon and more on deck…
Whew, that’s a mouthful and it’s just the tip of the iceberg. Check this out…
That’s a lot to digest, and many of those options are very, very expensive. We have a pricey one today, but we do our best to find cheaper plays for the masses around here, so let’s kick things off with Pfizer (PFE)…
Pfizer reports Tuesday morning, and a bullish trader picked up the Feb. 7 expiration, $26.50 strike calls to the tune of $240k in premium, a sizable bet — and contracts are just $0.66!
We’ve also seen buyers in the $28 calls expiring next week the past couple of days, with market makers expecting a move of $1.19 higher or lower by next Friday, so they’re right in line with expectations.
As always, respect the risk and size appropriately because they can and will go to $0 if wrong or the trade doesn’t move enough.
Next up is the pricey play in Palantir (PLTR), which is rocking and rolling today, up about 3.4% at 1:45 p.m. ET — and up about 100% the past three months. We’ve seen plenty of buyers in a number of expirations both long- and short-dated, and in multiple strikes.
What stands out about these strikes is many of them are well above today’s trading price of $84, so be sure to check the market maker’s expected moves ($12.61 higher or lower by next Friday) before making any decisions.
Finally, we have Walgreens (WBA), which doesn’t report next week (not till March 27), but we have seen a few bullish orders hit both scanners with the stock down big today. So they could be worth a look for a rebound play on Monday’s open.
That’s all for this week, stay tuned… it’s a BIG week ahead!
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.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. LIVE AT 2:30 PM ET: My Earnings Watchlist for Next Week’s Biggest Reports!
I’ll be in the live room at 2:30 p.m. ET, ready to reveal the stocks on my Earnings Watchlist!
When these companies report next week, the near-instant market reaction creates massive trading opportunities.
If you join me live now, you’ll also learn how to take advantage of similar opportunities like these.
No guarantees on future results or against losses here…
But with the stocks on this list, we might be looking at a wonderful trading week next week.