EV-Related Stocks Pop and DROP on 1 of the Best Trading Days of the Year!

by | Jul 21, 2023

As we’ve talked about all week, it was time to short EV and EV-related battery stocks. 

And guess what happened Friday morning… After a pop on the open, I loaded up on puts… and they all started to crash — despite the Nasdaq being up!

This paid off big time for quick day trades Friday morning, making it one of the best trading days of the year!

I thought we’d have to hold several positions into earnings next week, but nope… This morning’s crash let me exit put positions in ENVX, QS, GM, F and RIVN…

Which brings me to a big-money trader who was an animal Friday morning, just repeatedly slamming Rivian puts. Check out today’s video for all of the action — and actionable trading info!

Video Highlights: 

  • 📉 EV and EV-related stocks crashed hard, leading to one of the best trading days of the year so far.
  • 📉 ENVX fell over 6% on a downgrade, QS fell over 7%, and GM sank over 2.25%.
  • 📉 Rivian tanked from up 4.4% to down 5.6%, a 10% swing down!
  • 🚗 The EV crash arrived earlier than expected, eliminating the need to hold positions through upcoming earnings announcements.
  • 💰 A trader purchased over 3,500 weekly puts for Rivian, resulting in a significant increase gains in a matter of minutes.

Friday’s Top Order Flow: 

  • Rivian Automotive Inc. (Nasdaq: RIVN): July $26 PUT.   
  • Amazon.com Inc. (Nasdaq: AMZN): July 28, $135 CALL.
  • Confluent Inc. (Nasdaq: CFLT): January $65 CALL.
  • And more!

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

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The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 6/12/23, the average win rate is 72.4%. The average weighted rate of return on options trades was 9.4% over a 3 day average hold time with an annualized return of 490%.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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