In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at fast food retailer Shake Shack after its recent stock downgrade
Markets caught a bid Wednesday with a little mood boost from strong consumer confidence and earnings results.
Order flow in the options market remains tight despite Wednesday’s rally, but we did see some stand outs roll across the wire…
My scanners must have been hungry because around lunchtime, we saw some major put buying in Shake Shack!
According to analysts at Wedbush, their burgers aren’t the only thing that’s overpriced — shares of the burger chain slipped 1.7% after the investment firm downgraded and lowered the stock’s price target to $49.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
The news sent bears roaring into the options, with one hungry trader scooping up more than 500 contracts of the June 16, 2023 expiration, $35 strike puts for more than $150,000 in premium!
And I have more super-sized options action ready and waiting for you inside…
- Delta Air Lines Inc. (NYSE: DAL): Feb. 17, 2023, $37 CALL.
- Apple Inc. (Nasdaq: AAPL): Dec. 30, $135 CALL.
- Nordstrom Inc. (NYSE: JWN): Dec. 30, $17 PUT
- Shake Shack Inc. (NYSE: SHAK): June. 16, 2023, $35 PUT.
- Warner Bros. Discovery Inc. (Nasdaq: WBD): Jan. 6, 2023, $9.50 CALL.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
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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.