We saw more choppy price action as stocks edged higher Thursday on a new batch of earnings results and economic data.
Fourth-quarter U.S. GDP figures came in above expectations despite stiff headwinds from inflation and rising interest rates, giving markets a welcomed boost — especially for tech names.
The mix of headlines and volatility was a potent combination for options traders with names like Salesforce seeing fast-moving order flow.
Shares jumped as much as 4% on the day as news broke the software company is looking to add new members to its board of directors.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Less than 15 minutes into Tuesday’s open, my scanners spotted one deep-pocketed call buyer sweep up more than 10,000 contracts of the Feb. 10 expiration, $170 strike calls for about $1.3 million in premium!
Of course, that’s not the only name lighting up Thursday’s tape…
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- Salesforce Inc. (NYSE: CRM): Feb. 3, $160 CALL.
- CSX Corp. (Nasdaq: CSX): Jan. 19, 2024, $35 CALL.
- Kellogg Co. (NYSE: K): Jan. 19, 2024, $70 CALL
- Mondelez International Inc. (Nasdaq: MDLZ)): Jan. 19, 2024, $67.50 CALL
- Teck Resources Ltd. (NYSE: TECK): Feb. 24, $44 CALL.
- Pfizer Inc. (NYSE: PFE): Feb. 3, $43 PUT.
- SunPower Corp. (Nasdaq: SPWR): Feb 17, $14 PUT
- Array Technologies Inc. (Nasdaq: ARRY): Feb 17, $20 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.