We saw a massive sell program hit the tape Wednesday after a series of disappointing earnings and an ugly retail sales report spooked Wall Street.
Institutional order flow continued to roll across the wire at a torrid pace despite the sell-off as bullish traders hunted for catalysts to move stocks independently of the broader trends.
Shares of online delivery service DoorDash pushed about 2.5% higher after the company announced earlier this week it’s expanding its partnership with fast food powerhouse Starbucks Corp. (Nasdaq: SBUX).
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
The news set off a frenzy of bullish calls flooding my scanners, with one trader scooping up about 1,250 contracts of the Jan. 27, $57 strike call for more than $250,000 in premium!
But if this isn’t your cup of tea, I have more unusual names seeing outsized options-buying…
- Palantir Technologies Inc. (Nasdaq: PLTR): Jan. 20, $7.50 CALL.
- DoorDash Inc. (NYSE: DASH): Jan. 27, $57 CALL; Feb. 17, $60 CALL.
- General Motors Co. (NYSE: GM): Jan. 27, $32 PUT.
- YPF Sociedad Anónima (NYSE: YPF): Feb. 17, $14 CALL; Feb 17, $14 PUT.
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 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.
**Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.