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Will This Earnings Play Deliver After an Already Insane Day in the Markets? Wednesday’s Trade the Close session with the market hardly doing anything following the 0.5% rate cut by the FOMC left us wanting more in the way of order flow. Boy how quickly things change — what a day! Since the order flow was slow while the whales were figuring out exactly what the heck the play was following the first rate cut in four years, I went big in the best order that hit… A very expensive play in Supermicro Computer (SMCI) that I bought a couple of contracts in and then added another after it dipped. But this morning… BANG! SMCI was up 4% on the open, and those very risky weekly calls — don’t try this at home, kids! — I paid an average of $6.60 per contract nearly doubled up to $12.50! You have to love it when a plan comes together because these could easily have gone to $0 if SMCI fell or even just stayed flat this morning. And after being up 4%, as of 1 p.m. ET, the stock is basically flat, and those calls are way back down. That’s why we love to sell the opening pop and take that money off the table. We also covered SoFi (SOFI) in Wednesday’s edition of this newsletter, and it’s showing continued momentum today — up 3.7% as of 1:15 p.m. ET — after a flurry of buy signals hit both scanners this week. In all, we saw four bullish orders in SOFI on the Penny Options Scanner (and several more last week), and a long-term play in the online bank that hit the News Flow Scanner. That’s exactly the kind of action we look for when determining what plays may be worth a look! But what about today? Well, we just so happened to see a sizable order in a company reporting earnings after the close… A Massive Market Redirect Is Just Days Away While everyone else is focused on the FOMC, elections and rising market volatility… The control of a HUGE chunk of assets will be transferred — LEGALLY — on Sept. 20… Historically speaking, these kinds of events only happen on 1.58% of trading days each year. And when they do, they tend to cause abnormally large moves in under 72 hours… Now, this has nothing to do with earnings, an indicator or even the Fed’s interest rate decision. But the good news is… it’s the PERFECT setup for the same signal that’s hit 61 winners so far in 2024… I cannot promise future returns or against losses but… As far as I know, this signal can tell us with high accuracy which stocks will likely explode higher once these assets worth trillions of dollars get transferred on 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 |
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