I did a video about a week and a half ago on an unusual options order in Super Micro Computers (SMCI) that I just had to revisit today after the stock surged another 12.6%.
At the time on Jan. 8, a trader placed a $1.7 million order in the February monthly expiration, $380 strike calls. SMCI was trading just under $319 a share.
The call option was trading around $11.70 at the time.
Just after the open Monday morning, the stock reached about $477 — that’s over a $150 move in just nine days — pushing that call option to $102.30!
That’s about a 775% move higher…
Heck, even if you didn’t buy the option and just got shares of the underlying, that’s worth a party in and of itself!
This is easily the trade of the year so far, and I gave it away for free on YouTube, in my Telegram channel — in real time — and in this very newsletter.
This is the kind of trade that can make your year, so be sure and check out my video breakdown up top. And down below, you can check out the day’s top flow — it’s a trio of earnings plays this week.
Just be sure to always respect the risk, because these trades could go to $0 if wrong, especially the two weeklies!
Monday’s Top Order Flow:
- GE Jan24 26th Strike: 135 Calls premium: $116,033 ASK BULLISH
Trade Date: January 22, 2024 Trade Time: 11:18 am - RTX Jan24 26th Strike: 85 Puts premium: $185,067 ABOVE ASK BEARISH Trade Date: January 22, 2024 Trade Time: 10:00 am
- NFLX Feb24 2nd Strike: 475 Puts premium: $236,385 ASK BEARISH
Trade Date: January 22, 2024 Trade Time: 12:54 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 at 4 p.m. ET — a Special Platform X Encore Presentation
I’m in SHOCK right now…
Our Platform X session at 1 p.m. was unbelievable!
So much excitement, and a lot of new opportunities.
If you missed it, here’s your second chance to join me live…
Because at 4 p.m. ET, I’m doing a special ENCORE session!
The room is open and I’ll be on shortly!
