In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at top mobility platform Uber as shares bounce during the market sell-off.
Trading volume was once again low amid volatile price action Wednesday as Wall Street digests China’s loosening travel restrictions.
Although initially optimistic, traders reversed course as fears of rising COVID-19 outbreaks in China could dampen the potential rise in market demand.
On the options side, my scanners are picking up some massive bullish bets despite the sour mood.
Shares of rideshare giant Uber edged higher Wednesday amid an ugly six-week, 25% slide fueled by growing labor troubles as drivers seek a pay raise.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
About an hour after Wednesday’s open, a sizable dip buy hit the screens as a big swinger swept up more than 11,000 contracts of the Jan. 20, 2023 expiration, $26 strike calls for over $840,000 in premium!
And if you want more outsized options flow action, then you’re in the right place…
- Netflix Inc. (Nasdaq: NFLX): Dec. 30, $285 CALL.
- Fidelity National Information Services Inc. (NYSE: FIS): April. 21, 2023, $75 CALL.
- Kohl’s Corp. (NYSE: KSS): Jan. 6, 2023, $25 PUT.
- Uber Technologies Inc. (NYSE: UBER): Jan. 20, 2023, $26 CALL.
I hope you have a warm and happy holiday season! And if you’re looking a special gift for the traders in your life, check out my Unusual Options Training Class, where I’ll show them how I trade wires like these through the weekend… along with a few of my other favorite options strategies!
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 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.