In Thursday’s Shadow Tracker with Lance Ippolito, we take a look at cloud service software company Five9 as it gets ready to release earnings for Q4.
Stocks pared losses after gapping down at Thursday’s open as economic data continues to stoke inflation fears while Wall Street takes profits from 2023’s hot start.
While we had an uptick in names from the midweek lull, the choppy, sideways price action kept institutional traders from moving with conviction — keeping new positions on the smaller side.
Customer relationship software firm Five9 was on the short list of stocks seeing outsized order flow ahead of its Feb. 22 earnings date.
Just before lunchtime, my scanners spotted one trader sweeping up more than 2,000 contracts of the March 17 expiration, $100 strike calls for more than $200,000 in premium!
We’re also seeing a surge in activity among the Chinese ADR stocks, so take a look…
- Five9 Inc. (Nasdaq: FIVN): March 17, $100 CALL.
- Kroger Co. (NYSE: KR): Feb. 24, $44 PUT.
- Conagra Brands Inc. (NYSE: CAG): Feb. 24, $35 PUT.
- JD.com Inc. (NYSE: JD): March 10, $56 CALL.
- NIO Inc. (NYSE: NIO): April 21, $10 PUT.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
It’s tough for me to say this…
But I am NOT bullish on stocks right now.
I’ve traded in my “perma-bull” status for a “bearish” one…
To be clear, I have very little faith in long-term investments at this moment in time…
Way too much money is leaving stocks to have any sort of bullish outlook.
It’s only a matter of time before many of our favorite names take the plunge deep into bear territory.
Yet at the same time, I’m excited about a totally new opportunity that’s opened as a result of this fleeting cash.
Something I consider a “Legitimate Investment Loophole” for regular traders.
Shadow Tracker With Lance Ippolitto
At Shadow Trader, we follow the big fish and what they’re buying. And we do that with my proprietary Shadow Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.”
The Shadow Tracker with Lance Ippolito is where I go over a few options trades that hit the Shadow Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*
If you want in on these explosive options plays, be sure to sign up for Shadow Trader! We send entry, profit targets and exits directly to you via text and email alerts.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.