Bulls Order Up Prime Slate of Amazon Options After Record Sales Numbers

by | Jul 13, 2023

Markets are in the green again Thursday as inflation anxieties ease over the latest CPI print and the options flow continues to roll in hot and heavy…

At the top of the list we have some massive earnings bets in another materials name as our old friend Alcoa saw two huge orders in the July calls to start the day ahead of their July 19 report — you love to see it!

Snap is another name seeing some MONSTER moves in the options ladder lately… Shares are up 3.5% in just three days and the institutional buyers are back for more! 

Of course Thursday’s big story everyone is watching is the rebound for retail behemoth Amazon — the July at-the-money calls have traders buzzing after the company announced record sales for this week’s Prime Day event! Take a look at this chart…

Amazon Chart

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doesn’t stop there. I’ll give you the inside scoop on PayPal, BP, MetLife, and even a surprise TRUP rally.

Now, I’ll be honest with you, my friend. This market has been on fire lately, but caution is key. With the market running hot and a string of consecutive gains, it’s crucial to tread carefully. But hey, we’re traders, right? We adapt and make the most of every opportunity that comes our way!

Video Highlights: 

📈 Alcoa (#AA): Significant call options bought for July near the money strikes, capturing earnings on July 19th.

🔒 Market Caution: Despite Alcoa’s 5% rise today, I’m hesitant to buy calls due to the extended market conditions.

📈 Snap (#SNAP): Impressive 3.5% increase and observed August call buying ahead of earnings.

📦 Amazon (#AMZN): July calls worth $200 grand in premium, on the heels of a record Prime Day sales.

📞 Northern Trust (#NTRS): Notable call activity for July, although the wide bid-ask spread makes it difficult to trade.

Thursday’s Top Order Flow: 

  • Alcoa Corp. (NYSE: AA): July, $37; $38 CALL.
  • Amazon.com Inc. (Nasdaq: AMZN): July 14, $133 CALL.
  • Northern Trust Corp. (Nasdaq: NTRS): July, $75 CALL.
  • And more!

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

P.S. Mark your calendars because I want to see you Thursday during our free trading session…

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One of the most notable was on Nvidia…

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And by the next day… Nvidia’s stock surged by $100…

So, if you’re coming on Thursday, you’ll get the inside scoop on what this new scanner signal is and how to trade it…

I think it’s going to be a killer signal to trade in the next couple weeks

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The profits and performance shown are not based on any sort of typicality, they were real scanner signals that various members traded. We make no future earnings claims, and you may lose money.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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