In Thursday’s Blitz Daily with Lance Ippolito, we take a look at semiconductor company Nvidia amid an international glut of semiconductors.
Bear market volatility was on full display Thursday as Wednesday’s rally was followed by a steep sell-off.
A strong jobs report stoked more inflation fears saw the Nasdaq drop 3.6% by midday while the S&P 500 took a 2.9% before rebounding in the afternoon.
Earnings from chipmaker Micron added to concerns with severe cost-cutting measures for the company amid a global oversupply of semiconductors.
The news helped sink shares of companies across the sector along with a tidal wave of downside options activity…
Among the names seeing bearish flow, my scanners spotted repeat put buying in graphics processor juggernaut Nvidia.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
With shares down close to 7%, institutional buyers scooped up more than 1,000 contracts of the Dec. 30 expiration, $146 strike puts for over $145,000 in premium!
But that’s just one of the top trades hitting the tape ahead of the big holiday weekend…
- Nvidia Corp. (Nasdaq: NVDA): Dec. 30, $146 PUT.
- General Motors Co. (NYSE: GM): Feb. 17, 2023, $34 CALL.
- Intel Corp. (Nasdaq: INTC): Jan. 20, 2023, $26.50 PUT
- Taiwan Semiconductor Manufacturing Co. (NYSE: TSM): Jan. 20, 2023, $77 CALL.
And to find out how I trade wires like these over the weekend, check out my Unusual Options Training Class.
P.S. Act Before This Historic Window of Opportunity Closes
A once-in-a-generation opportunity has forced Johns Hopkins-trained economist Garrett Baldwin to focus on a boring — but potentially lucrative — opportunity.
It involves distilling hundreds of financial metrics into a few scores that help Garrett identify quality stocks trading at the biggest discounts.
It’s peak tax harvesting time… So instead of paying ordinary income taxes on short-term capital gains, Garrett is looking to invest by following a new strategy…
So far, he’s identified six stocks he thinks every investor and even trader needs to know about.
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 talking stocks and options trading on newmoneycrew.com and WealthPress.com!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.