>>>I’ll share my No. 1 earnings play for today, and we’ll do an earnings trade recap including how we find setups along with trade analysis — and it’s going down on Power Hour at 1:30 PM ET!<<<
First, we’ll be live at 1:30 p.m. ET for Power Hour, when I’ll share my No. 1 earnings play of the day — we also have a few interesting orders down below!
Looking through scanner alerts on Wednesday, and one trade really stood out that perfectly demonstrates why tracking institutional order flow can be such a game-changer…
A massive $6.3 million order in the Aug. 29 expiration, $300 strike Broadcom (AVGO) calls triggered through our scanner, and what happened next was exactly the kind of move that makes all the monitoring worthwhile!
Here’s what made this trade so compelling…
You don’t see $6.3 million orders in AVGO every day. Hardly ever, in fact. We may only see a $6 million order in something once or twice a month.
So when something that large crosses the tape, it’s usually a signal that someone with institutional money and serious conviction is making a move.
Right after that order hit, AVGO went straight up, moving from $296 a share to $300.
Now, let’s also be clear about something…
Options for this play would have been insanely expensive — around $10.50 a contract, so $1,050. Oof! Options around $1.00 a contract are my bread and butter!
The Warped Options Play
So I executed what I call a Warped Options strategy, which is essentially a bull call spread. The beauty of this approach is that it allows you to participate in the upside while managing risk through the spread structure.
We paid a debit of $680 for the position, and we scored a 50% gain holding it overnight.
The timing wasn’t perfect — we probably could have sold it earlier — but that’s the nature of trading. What matters is that we identified the institutional interest through our scanner and positioned accordingly…
And cheaper than the call buyer.
Like I said, the calls were super expensive, which is exactly why the spread made more sense in this situation.
Reading the Technical Setup
Looking at AVGO’s chart, these traders are positioning for a move over $306.95, essentially a breakout above the prior high on volume. If that level gets taken out — which it did this morning, rising well above $309 — these calls could easily jump 40% to 50% in a flash, which of course they did.
This is where patience becomes crucial. I’d actually love to see AVGO or the broader market pull back over the next few days so we can load up on more of these setups.
When you combine unusual institutional activity with solid technical levels, you’ve got the ingredients for explosive moves.
The key takeaway here isn’t just about this one AVGO trade — it’s about the process. The News Flow Scanner identified unusual institutional activity, we positioned with a risk-managed strategy, and we captured a meaningful move.
That $6.3 million order was someone’s signal, and our job is to read those signals and act accordingly.
Order Flow:
This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
When you look at these plays, always take the market maker move into consideration.
You can be right on the direction but still lose money if the stock doesn’t move enough. That’s where the market maker move comes in clutch.
With puts, they’re often downside hedges in case a stock tanks, especially around earnings. The further out of the money they are, the more likely they are to be hedges.
Also be sure and check when the company’s earnings date is because many of the plays we post here are centered around earnings!
And finally, always remember the golden rule when it comes to buying calls: Buy dips, sell rips — and don’t chase!
If a stock’s moved a ton already today, maybe wait for a pullback.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
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
Important Note: No one from The TradingPub team or any of its associated brands will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. POWER HOUR STARTS AT 1:30 PM ET!
What a crazy last few weeks of earnings!
Christian and I were able to nail several big names this season including PFE, CMG, ZETA, RKT, BMY, GO, and TIGO!
Now to be clear, not every trade was a winner…
And I cannot promise future returns or against losses…
But, during today’s Power Hour, Christian and I will dive into:
✅ The earnings trades we hit — including the setups and why they worked
✅ Our exact process for finding high-probability earnings plays
✅ My No. 1 earnings play heading into this week — and I’m giving it to you for free
