In Thursday’s Blitz Daily with Lance Ippolito, we take a look at online dating giant Hello Group as tech stocks soar.
It’s been a nasty five-day slide, but markets are finally getting a nice bounce Thursday.
Tech led the way as high-beta companies squeezed higher, lifting the Nasdaq more than 1%…
As a result, we saw several short-term degenerate options bets roll across the wire in some of the worst junk stocks you can find.
One of the names seeing big orders was our old friend, Hello Group — China’s answer to Tinder parent company, Match Group Inc. (Nasdaq: MTCH).
With the stock set to report earnings before Friday’s open, my scanners spotted high-rollers sweep up over 1,000 MOMO Dec. 16 expiration $7 strike call contracts for around $50,000 in premium.
Remember, China ADR names come with a boatload of risk, so it’s critical to know your risk tolerances before placing any trades — this isn’t the time to fall in love.
Of course, MOMO isn’t the only name hitting Thursday’s tape…
- Cloudflare Inc. (NYSE: NET): Dec. 9, $47 CALL.
- Hello Group Inc. (Nasdaq: MOMO): Dec. 16, $7 CALL.
- AT&T Inc. (NYSE: T): Dec. 23, $19 PUT.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
P.S. In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market…
Stocks could soar or plummet in a matter of minutes.
That’s why Chuck Hughes has been working on an underground project to help traders get in front of the big announcement…
But it’s not another alert service… It’s not a stock report…
It’s something much more powerful — and it can help give you a lifetime of trading opportunities.
That’s why Chuck is holding an emergency briefing with Senior Strategist Roger Scott to lay out the battle plan…
Right now, there are a few stocks sticking out like a sore thumb thanks to this discovery.
[Clicking this link will automatically register you for periodic mailings and updates from WealthPress (privacy policy).]
Blitz Daily With Lance Ippolitto
At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz 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 Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz 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 Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email alerts.
In the meantime, you can check out our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading on WealthPress.com!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
