Markets reversed course Tuesday as stocks squeezed higher heading into a midweek slate of megacap tech earnings and Wednesday’s Federal Reserve interest rate decision.
The Nasdaq jumped more than 1.25% on the day with the S&P 500 not far behind with a 1% gain.
With the major indexes firmly in the green, traders peppered the options tape with bullish earnings bets, including our old friend AMD…
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Shares surged as much as 3.5% as the chipmaker gets set to release its fourth-quarter results after Tuesday’s closing bell.
About an hour into Tuesday’s trading, my screens picked up an institutional trader sweeping up more than 3,000 contracts in the Feb. 17 expiration, $84 strike calls for more than $315,000 in premium!
This is one of the hottest times of year to follow options order flow — you have to love it! Here’s a taste of some of the names hitting the scanner…
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- Tesla Inc. (Nasdaq: TSLA): Feb. 3, $180 CALL.
- Coinbase Global Inc. (Nasdaq: COIN): Feb. 3, $54 CALL.
- Peloton Interactive Inc. (Nasdaq: PTON): Feb 3, $11 PUT.
- Teck Resources Ltd. (NYSE: TECK): March 17, $40 CALL
- Toll Brothers Inc. (NYSE: TOL): Sept. 15, $65 CALL.
- C3.ai Inc. (NYSE: AI): July 21, $10 CALL.
- Advanced Micro Devices Inc. (Nasdaq: AMD): Feb. 17 $84 CALL.
- UiPath Inc. (NYSE: PATH): Aug. 18, $22.50 CALL
- Warner Bros. Discovery Inc. (Nasdaq: WBD): Feb. 17, $15.50 CALL.
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.