loader image

With Earnings Flow Slowing to a Crawl, We Turn Our Attention to COIN

by | May 17, 2024

Earnings flow has slowed to a crawl this week, but things are about to pick up with companies like Nvidia (NVDA), Snowflake (SNOW) and a bunch of big retailers on deck for next week.

Not the NVDA flow ever slows… It’s one of a handful of stocks that’s constantly peppering the News Flow Scanner — it makes for some amazing trades if you can stand how expensive its options are. 

As of Friday afternoon, we didn’t have any earnings flow hit just yet, so we’ll have to go a different route and just see what’s interesting…

Starting with a ticker we saw hit a bunch — Coinbase (COIN).

We’ve seen a bunch of bullish orders in COIN the past few days, including four by 12:40 p.m. ET Friday with shares up 4.7%. 

The most intriguing order in the short time frames we like around here came in the form of the May 24 expiration, $210 strike calls with shares trading under $209. 

Traders also dipped into the June 28, $245 and $255 calls, which would be a hefty move higher — market makers expect a move of $43.19 higher or lower by this date. 

We also threw in a play in JD (JD) since China stocks have been on fire, and another hefty order in Medtronic (MDT).

As always, know your time frame and the expected moves — and respect that risk!

Top Order Flow: 

  • COIN May24 24th Strike: 210 Calls premium: $172,848 ABOVE ASK BULLISH
    Trade Date: May 17, 2024 Trade Time: 12:03 pm
  • COIN Jun24 28th Strike: 245 Calls premium: $152,290 ASK BULLISH
    Trade Date: May 17, 2024 Trade Time: 11:29 am
  • COIN Jun24 28th Strike: 255 Calls premium: $113,825 ASK BULLISH
    Trade Date: May 17, 2024 Trade Time: 11:29 am
  • MDT May24 24th Strike: 86 Calls premium: $290,166 ABOVE ASK BULLISH
    Trade Date: May 15, 2024 Trade Time: 2:33 pm
  • JD Sep24 Strike: 39 Calls premium: $154,907 ASK BULLISH
    Trade Date: May 17, 2024 Trade Time: 11:58 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. Weird Anomaly Has 100% Track Record

If you’d love to see how to target and exploit a weird market anomaly for income… you’re in the right place!

Because Jeffry Turnmire, who’s an outside-the-box trader, showed me a weird anomaly in the market that he’s been successfully exploiting for a while now.

You see, he says there’s a short window of time when options on one particular ticker are almost always “mispriced.”

And he’s discovered a way to target income from these “mispricings” over and over again for months.

In fact, he’s placed 79 live, winning trades with this glitch since he first ran across it. Now, that’s clearly a remarkable number.

But let me be even more clear… That’s 79 winners out of 79 trades!

On top of that, he recently claimed a “flash flood” of five winners in just one week.

We can’t guarantee results or against losses, but I’ve never seen a market anomaly as reliable as this one…

Head Here to See How It Works!

Disclaimer: Since 6/28/2022, Jeffry’s strategy has entered 79 trades, with 79 winners and 0 losers. The average return on risk is 7.35%, and the average hold time is 16.6 days. Past performance does not guarantee future results — never risk more than you can afford and are willing to lose.

 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link