In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at banking icon Wells Fargo ahead of its Jan. 13 earnings event.
We saw more choppy action Wednesday as traders awaited the release of the minutes from December’s Federal Open Market Committee meeting.
According to the announcement, Fed Chair Jerome Powell and the gang expect rates to climb and stay higher for longer than they hoped.
That wasn’t what Wall Street wanted to hear and markets promptly puked away most of the gains made by midday before rallying higher.
Despite lower-than-average volume in stocks, the order flow is starting to heat up…
On Tuesday, we saw a string of bullish options bets hit the tape in the boring bank names.. and the bulls were back for a second helping Wednesday.
One day removed from a Barclays analyst price target hike, our old friend Wells Fargo is back on the bulls’ shopping list ahead of its Jan. 13 earnings date.
With shares jumping as much as 4.2% in the past two days, my scanners picked up massive call-buying in the banking giant.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Around noon, one trader reached deep into his pockets to scoop up around 10,000 contracts of the Jan. 20 expiration, $44 strike call for more than $900,000 in premium — take that, J-Pow!
Wednesday’s flow has been phenomenal — just look at these trades…
- Citigroup Inc. (NYSE: C): Jan. 20, $49 CALL.
- Wells Fargo & Co. (NYSE: WFC): Jan. 20, $44 CALL.
- Lucid Group Inc. (Nasdaq: LCID): Jan. 6, $6.50 CALL.
- Novavax Inc. (Nasdaq: NVAX): March 17, $10 CALL.
If you’re still wondering how my Master Indicator works and how you can get your hands on it, click here and watch me pull the curtain back on my favorite trading tool!
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.