Markets gapped up Thursday morning on the heels of a mixed bag of earnings and a surprising jump in January’s jobless claims.
The Nasdaq jumped 1.3% at the open before fading into the red by lunchtime.
We saw extremely light options flow compared to the frenzy of earnings bets we’ve gotten used to in the past couple of weeks.
Semiconductor company Microchip Technology came in on the more rare side of names seeing sizable options bets…
Shares jumped around 1.7% as the company continued to rip higher on the strength of its fourth-quarter report and subsequent analyst price target hikes…
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Less than an hour into the open, a pricey order hit my screens, with buyers sweeping up around 650 contracts of the Jan. 19, 2024 expiration, $110 strike calls for around $280,000 in premium!
Check out the top flow hitting Thursday’s tape…
- Affirm Holdings Inc. (Nasdaq: AFRM): March 17, $15 CALL.
- Digital Turbine Inc. (Nasdaq: APPS): June 16, $15 CALL.
- Microchip Technology Inc. (Nasdaq: MCHP): Jan. 19, 2024, $110 CALL.
- Tesla Inc. (Nasdaq: TSLA): Feb. 10, $215 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 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.