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With LSCC on Deck for Earnings, Chip Flow Shows No Signs of Slowing

by | Feb 12, 2024

Join Graham for an encore of the world premiere of his new Apex Indicator that tracks the biggest 9 stocks in the world — LIVE at 4 p.m. ET TODAY! 

We saw some hard selling hit this afternoon in the Nasdaq 100 (QQQ), sending the VIX higher… Could this be the beginning of the end of the rally, or another dip that gets scooped?

Stay tuned!

The order flow has been an avalanche this earnings season, and things didn’t slow down even a little bit Monday as we began a new trading week with some heavy hitters yet to come. 

In addition to companies reporting earnings, we’ve seen order after order hit the News Flow Scanner in chip stocks, and Monday was no different. 

And we just so happened to have a squeeze in Arm Holdings (ARM), which at one point Monday was up over 100% year to date with shares squeezing as much as 37.7% in the first two hours of trading!

While ARM was squeezing higher, we saw an order in yet another chip stock that reports after the close today… Lattice Semiconductor (LSCC). 

With shares trading a few cents over $70 at the open, we saw an order in the February monthly expiration, $70 calls AND puts…

For what it’s worth, puts are often a hedge against a long position in case it tanks on earnings. But these are squarely in the money, which makes them more attractive. 

We did see some LSCC $65 calls hit the scanner last week, but these orders today make it look like a tossup. 

As always, respect the risk because the order that’s wrong will likely go to $0…

But that’s not all… We also saw bullish flow into Shopify and Arista Networks, so check out the top flow below!

Monday’s Top Order Flow: 

  • SHOP Jul24 Strike: 130 Calls premium: $140,000 ASK BULLISH
    Trade Date: February 12, 2024 Trade Time: 9:33 am
  • ANET Feb24 Strike: 290 Calls premium: $183,750 ASK BULLISH
    Trade Date: February 12, 2024 Trade Time: 1:03 pm
  • LSCC Feb24 Strike: 70 Calls premium: $198,080 ABOVE ASK BULLISH
    Trade Date: February 9, 2024 Trade Time: 9:47 am
  • LSCC Feb24 Strike: 70 Puts premium: $110,860 ASK BEARISH
    Trade Date: February 9, 2024 Trade Time: 2:23 pm

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. LIVE Encore Presentation at 4 p.m. ET: The ‘Apex Indicator’ 

Today has been straight up awesome!

We didn’t think so many folks would show up for the premiere of Graham’s Apex Indicator…

But so many people showed up… which is super cool!

Especially because we got to see just how much impact a solid breakthrough trading tool can have on hardworking, regular traders just like us!

If you missed out… no worries!

Our publisher has agreed for Graham to do a LIVE encore session at 4 p.m. ET TODAY, Feb. 12, to show you his Apex Indicator watchlist…

These are the BIGGEST tickers the indicator is flashing on right now!

If you want in… along with a chance to attend Graham’s LIVE masterclass coming up shortly after the encore session…

Just Go Here By 4 O’Clock!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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