Stocks floated higher Monday as Wall Street awaits Tuesday’s release of the latest Consumer Price Index data.
Tech names led the way higher to kick off the week, with the Nasdaq up more than 1.3% heading into the afternoon.The S&P 500 lagged behind with a 1% gain from Friday’s closing prices.
Options trading saw sluggish volumes despite gains in the major indexes, with some sizable put flow rolling across the wire as traders moved with caution into the big catalyst event, including a huge downside bet in Apple.
Shares jumped around 2% after two key iPhone suppliers announced plans to expand manufacturing facilities in India.
An hour into the open, my scanners spotted traders looking to fade the move higher, slinging about 2,900 contracts of the March 24 expiration, $149 strike puts for $1.2 million in premium!
That massive order isn’t the only surprise I have in store for you this week — so keep your eyes on your inbox, and check out Monday’s top institutional bets…
- Camping World Holdings Inc. (NYSE: CWH): Feb. 17, $25 PUT.
- Apple Inc. (Nasdaq: AAPL): March 24, $149 PUT.
- Tesla Inc. (Nasdaq: TSLA): Feb. 17, $200 CALL.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
I’m not one for big scary market predictions.
I don’t want to make people more anxious than they already are…
But there are serious underlying problems impacting many of today’s most promising stocks…
Problems glossed over by most media sources and even educated analysts…
And I’m afraid if I don’t share what’s actually happening, you’ll be duped into believing we’re about to kick off the next bull run…
Blitz Daily With Lance Ippolitto
At Shadow Trader, we follow the big fish and what they’re buying. And we do that with my proprietary Shadow 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 Shadow 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 Shadow Trader! We send entry, profit targets and exits directly to you via text and email alerts.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.