In Thursday’s Blitz Daily with Lance Ippolito, we take a look at entertainment platform Netflix as the company gears up for earnings.
We saw more selling Thursday on the heels of the recent economic data drop that signal the Federal Reserve could keep raising interest rates… which Wall Street hates…
Earnings names have so far failed to impress the herd on Wall Street, and the bears are roaring again with the first of the FAANG stocks set to report.
With the put/call ratio sitting at a bearish 1.3 on the day, my screens picked up massive put buying as traders get their final bets in before streaming giant Netflix announces its results for the fourth quarter Thursday after the bell.
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Less than an hour into the open, the scanner spotted one trader sweeping up more than 2,000 contracts of the Feb. 17 expiration, $250 strike puts for more than $510,000 in premium!
Those puts are extremely out of the money, so it’s likely a hedge against a stock position, but that wasn’t the only major player in the streaming game that rolled across Thursday’s wire…
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- Netflix Inc. (Nasdaq: NFLX): Feb. 17, $250 PUT.
- Tesla Inc. (Nasdaq: TSLA): Jan. 20, $126 CALL
- Lucid Group Inc. (Nasdaq: LCID): Jan. 27, $10 PUT.
- Amazon.com Inc. (Nasdaq: AMZN): Jan. 27, $94 CALL.
- Walt Disney Co. (NYSE: DIS): Jan. 27, $98 CALL.
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!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.