In Monday’s Blitz Daily with Lance Ippolito, we take a look at online sales platform Shopify after its recent stock upgrade.

Markets sold off to start the week as traders buckle down for Wednesday’s Federal Reserve announcement.

Tech names are leading the way lower with the Nasdaq down more than 1.9% as bullish traders rush in to buy the dip.

With a massive slate of big-cap tech names set to report Thursday, we’re seeing heavy call buying in e-commerce giant Shopify…

SHOP Chrat (Blitz Daily With Lance Ippolito)

Wondering what those little arrows mean and how they can help improve your trading? Get the details here!

Shares tumbled as much as 4.5% from Friday’s close despite a stock upgrade from “neutral” to “buy” from analysts at Roth Capital.

The news helped send bulls rushing into the options chain with one big spender scooping up about 3,000 contracts of the Feb. 3 expiration, $45.50 strike calls for more than $1.2 million in premium!

And that’s not the only top tech name seeing outsized options flow…

  • Carvana Co. (NYSE: CVNA): Feb. 3, $9.50 CALL.
  • Shopify Inc. (Nasdaq: SHOP): Feb. 3, $45.50 CALL.
  • Asana Inc. (NYSE: ASAN): May. 19, $17.50 CALL
  • Johnson & Johnson (NYSE: JNJ): Feb. 3, $162.50 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!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.