Once again we’re seeing a ton of great day trading options as earnings season readies to kick into high gear…
These names are moving quickly, and any names that hit, I’m day trading them. If I hold any overnight, it’s a very small position.
As far as swing trades, you’ll definitely face some challenges because anything that’s more than a week out likely gets earnings. So you’ll have to pay up for those options, and there could be some wild price moments.
A big name hitting the scanner repeatedly this morning was Coinbase, and a reader sent me an email saying they made 54%* in just 18 minutes on some calls!
Check out the fast-moving action just after the open, and right after 10:10 a.m. ET on this chart…
- Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Video Highlights:
- 💰 Coinbase experienced a significant surge, with call options surging as underlying shares went from $106 to $109 in just 18 minutes*.
- 🔋 EVgo calls saw a notable increase in value, providing a profitable day trade opportunity.
- 🎮 Sony’s July calls were active due to news related to Activision, Call of Duty and Microsoft.
- 📉 Weekly puts on an Disney yielded over 30% gains* within minutes.
- 🔄 Day trading remained a popular strategy to avoid premium costs and extended holding periods associated with earnings.
Monday’s Top Order Flow:
- Coinbase Global Inc. (Nasdaq: COIN): July $112, $117, $118 CALL.
- EVGo Inc. (Nasdaq: EVGO): July $4 CALL.
- Sony Group Corp. (NYSE: SONY): July $95 CALL.
- And more!
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
*Past performance is not indicative of any future results. Trade at your own risk. From 9/20/21 to 6/20/23 on live trades the win rate is 72.7%, the average return is 9.3% on the options over a 3 day average hold time, with an annualized return of 484.02%.
P.S. What Massive Orders Will Beat the Buzzer Today as Earnings Season Ramps Up
You only have 30 minutes left to act before you’re out of luck…
Because at 3 p.m. ET each day starting today, July 17, through Thursday, I’m going to trade the last hour each day LIVE!
It’s earnings season with some major companies reporting the next few days, so I expect trading to be fast and furious heading into the close…
And with my personal options scanner, we can hit on these “buzzer beaters” coming in just before the trading sessions end!
Like this order on COIN that came in 2 minutes before the close on May 25…
So naturally, I let traders know and many got in on the action…
And the following Tuesday morning, the calls SOARED — up 135% at the open!
People couldn’t stop thanking me… What trades will hit my scanner this week just before the buzzer? There’s only one way to find out…
