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Are These GameStop Bulls About to Hit It Big… or Go Broke? We saw a near-million-dollar order in Supermicro Computer (SMCI) puts hit the News Flow Scanner on Monday morning, with more to come as the day went on… And wouldn’t you know… Hindenburg announced a short position in the stock just before the open on Tuesday, sending shares down sharply… These weekly expiration, $570 puts in SMCI were around $23.45 a contract at the time of purchase. After this morning’s sharp fall, those puts darn near tripled at the open — BANG! Now, as many of you know and for the sake of full disclosure, I don’t trade options that cost that much. My bread is buttered with CHEAP options! But that just goes to show, when you see an odd order hit either of our two scanners, chances are at least decent some news is about to… Because someone always knows! So what’s a ticker that we’re seeing other interesting flow into? How about the good ol’ king of meme stonks, GameStop (GME)... We’ve seen a flurry of bullish orders for GME come in over the past few days, all expiring this week or next — GameStop reports earnings on Wednesday, Sept. 4. It’s Almost Time for the ‘Long Weekend Effect’ While most traders would normally avoid trading during weekends… Over the past three years, we’ve been able to post gains across 290+ trade opportunities, simply by holding a trade over the weekend… And this week, another opportunity seems to be setting up for us over the long Labor Day weekend. And historically speaking, Labor Day Weekend has presented us with some of the best weekend opportunities… Including 69% gain on BTU in 2022… And 30% gain on CHWY in 2023... This is all thanks to something I call the “Long Weekend Effect.” Now, there were smaller wins, and some trades that did not work out… And I cannot promise future returns or against losses, as there’s always risks when it comes to trading… But I’m confident that we can do even better with this year’s Labor Day weekend… Which is why at 4 p.m. ET on Thursday, Aug. 29, I’ll be sharing the secret to trading over Labor Day… I’m Also Covering…
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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