In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at financial powerhouse Bank of America ahead of its Jan. 13 earnings event.
We gapped up to start 2023, but it didn’t take long for markets to crush the New Year’s optimism…
The S&P 500 and Nasdaq both flipped red less than an hour after the open as top tech names were hit with turbulent headlines.
Days like this are a perfect example of why we have to be nimble in this market. We only had about 20 minutes to take advantage of that beautiful move to the upside… and that’s exactly what the New Money Crew strategies did!
We’re finally seeing strong institutional order flow hit the tape to kick off the new year… And judging by all of the bank names rolling across my screens, I’m starting to wonder if some of the big-league players were watching my 2023 market outlook video!
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Early this morning, my scanners picked up several bullish bets in major U.S. banks including names like Bank of America, with one big-money buyer sweeping up more than 3,400 contracts of the Jan. 13 expiration, $33.50 strike calls for over $400,000 in premium!
Of course, that’s not the only top financial name seeing outsized earnings orders…
- Citigroup Inc. (NYSE: C): Jan. 13, $47.50 CALL.
- Bank of America Corp. (NYSE: BAC): Jan. 13, $33.50 CALL.
- Block Inc. (NYSE: SQ): Jan. 20, $66 CALL. .
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
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.