Markets opened lower Tuesday after a set of mild earnings and technical issues stalled the two-day rally…
Despite the downturn in momentum, tech and growth names continued to see frenzied trading ahead of major tech earnings events including Tesla Inc. (Nasdaq: TSLA), which is set to report after Wednesday’s closing bell.
Among the correlated names seeing standout options buying Tuesday is rival EV-maker Rivian.
Shares of the electric truck pioneer have been on fire through the recent rally, gaining 17.9% from Thursday’s closing price…
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
About an hour into the open, my scanners spotted one institutional buyer laying down serious cash that the stock could run higher, sweeping up more than 2,500 contracts of the Jan. 27 expiration, $18.50 strike calls for more than $110,000 in premium!
But EVs aren’t the only names seeing outsized orders roll across the wire Tuesday…
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- Rivian Automotive Inc. (Nasdaq: RIVN): Jan. 27, $18.50 CALL.
- Agnico Eagle Mines Ltd. (NYSE: AEM): March 17, $60 CALL
- BP PLC (NYSE: BP): March 17, $33 PUT.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
We’re entering a big week for earnings, and I have some good stuff coming for you…
That’s why I decided to go LIVE with Weekly Blitz Alerts members at 3 p.m. ET on Wednesday, Jan. 25, for a special earnings trading session.
If you’re not already a member and want to join in the big event click here!
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.