In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at software company Zoom after RBC Capital adjusted its target price.
Markets were a choppy mess again Tuesday after comments from Federal Reserve Chair Jerome Powell, reaffirming his commitment to increasing rates despite the near-term unpopularity.
Options orders cooled off as the Nasdaq and S&P 500 trudged higher. Though, we did see a few names with news attracting outsized bets…
Our old friend Zoom found itself back in the headlines Tuesday after analysts at RBC Capital lowered their target price from $110 to $85.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
About an hour into the session, my scanners spotted massive put buying in the tech name with a trader sweeping up about 600 contracts of the Jan. 20 expiration, $72 strike puts for around $220,000.
Of course, that’s not the only ticker seeing unusual activity….
- Omega Healthcare Investors Inc. (NYSE: OHI): Feb. 17, $27 CALL.
- Tesla Inc. (Nasdaq: TSLA): Feb. 10, $114 PUT.
- Zoom Video Communications Inc. (Nasdaq: ZM): Jan. 20, $72 PUT.
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 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.