Markets saw more selling Monday as Wall Street continued to digest January’s stronger-than-expected jobs report elicited fears of more interest rate hikes from the Federal Reserve.
Traders need to be selective when markets make a broad move to the downside because we’re seeing some fantastic day trading opportunities in individual stocks to start the week…
At the top of Monday’s list is our good friend Snap, with its shares screaming more than 8.5% as correlated tech name Pinterest gets set to report earnings after the bell.
Less than 15 minutes into the open, my scanners spotted repeat buying of the Feb. 10 expiration, $11 strike calls, with about 4,500 contracts traded for around $200,000 in premium!
We have loads of names in fast-moving institutional order flow hitting the tape today, so here are my favorites…
- Snap Inc. (NYSE: SNAP): Feb. 10, $111 CALL.
- Pinterest Inc. (NYSE: PINS): Feb. 10, $29 CALL.
- Block Inc. (NYSE: SQ): Feb. 24, $83CALL.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
P.S. From Zero to Options Hero in No Time
Trading options can be appealing for many reasons.
However, most average traders have no idea how to trade them properly…
The common misuse of options often derails trading strategies…
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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 my 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!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.