We saw a sell program grip the markets Wednesday as Wall Street wrestled with the latest comments from Federal Reserve officials and weak earnings…
And that was exactly what the doctor ordered for Weekly Blitz Alerts after taking out puts on cyber security name Cloudfare Inc. (NYSE: NET), and communications giant Lumen Technologies Inc. (NYSE: LUMN)!
A massive $400,000 put buy hit Tuesday’s screens, and the company’s dismal 2023 outlook sent those monthly puts into orbit, bagging a 245%* overnight gain for the strategy with an 87.5%* kicker on the second leg of our NET calls to boot!
The trades completely smoked our 13.8% average return — including winners and losers — since our Feb. 21, 2020, launch date, including a 66.5% win rate and 7.4-day average holding period.
And we’re seeing more red-hot order flow rolling in with tech names and earnings plays lighting up the scanner, with our old friend ChargePoint topping Wednesday’s list…
Shares of CHPT charged ahead as much as 5% from Tuesday’s close after Bank of America announced a new program to finance residential charging stations for EV buyers.
The news sparked a frenzy of options buying in the EV-correlated name, with my scanners picking up massive institutional volume of more than 7,500 contracts of the Feb. 10 expiration, $13 strike call for more than $200,000 in premium!
Of course, that’s not the only name seeing outsized options bets…
- ChargePoint Holdings Inc. (Nasdaq: CHPT): Feb. 10, $13 CALL.
- KB Home (NYSE: KBH): March 17, $37 PUT.
- Macy’s Inc. (NYSE: M): Feb. 10, $23 PUT.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
P.S. I’ve Been Dying to Share This Secret
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Something that can be used by traders and investors of all skill levels.
It doesn’t matter if you’re a day trader, options trader, swing trader, a casual investor or if you’re just getting started in the stock market.
It spits out buy and sell signals based on the real reasons stocks move up and down…
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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.
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
**This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.