Markets saw a sizable sell-off Wednesday morning as Wall Street digested the latest batch of earnings results.
Tech giant Microsoft Corp. (Nasdaq: MSFT) managed to beat expectations in the fourth quarter, but slowing sales growth sparked heavy selling at the open.
And with tech names plunging Wednesday, the tape is flush with mega-cap stocks like Google parent, Alphabet as bulls rushed in to buy the dip…
Less than 30 minutes into the open, the bulls charged in to scoop up more than 1,100 contracts of the Feb. 17 expiration, $99 strike calls for around $340,000 in premium!
Just get a load of this amazing institutional order flow…
- Amazon.com Inc. (Nasdaq: AMZN): Feb. 17, $102 CALL.
- Peabody Energy Corp. (NYSE: BTU): Feb. 24, $24 CALL.
- Alphabet Inc. (Nasdaq: GOOG): Feb. 17, $99 CALL
- Nvidia Corp. (Nasdaq: NVDA): April 21, $170 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.