In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at Marvell Technology as it sees heavy call buying.
Marvell Technology develops and produces semiconductors and related technology. It’s been beaten down in recent months, trading about $20 per share lower than its December 2021 highs around $87.
But it’s starting to make a comeback, and boy, are the big-money traders confident!
We watched live in the War Room Wednesday morning as someone purchased more than 10,000 contracts for the April 14 $68 calls, for $1.47 million worth of premium!
The stock has already rallied $2 per share, and they’re looking for it to rise another $2 to hit that $68 strike price.
And that wasn’t the only ticker hitting the scanner. I have two more top trades waiting inside…
- Marvell Technology Inc. (Nasdaq: MRVL): April 14 $68 CALL.
- ON Semiconductor Corp. (Nasdaq: ON): April 14 $55 CALL.
- Meta Platforms Inc. (Nasdaq: FB): April 22 $245 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
And to find out how I trade Shadow Blitzes like these as soon as I see them, check out my Weekly Blitz Alerts strategy!
P.S. I’m revealing the steps I take when trying to capture incredible gains overnight.
This “Overnight Secret” has been shared with a group of traders who’ve been put in front of massive triple-digit gains like 109% on LCID, 254% on FSLY and a scorching 925% return on SNAP — all overnight!*
And now I want to show you the regulatory loopholes that have allowed traders to realize these incredible results…
Blitz Daily With Lance Ippolitto
At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”
But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”
By doing this, we cash in whether the broader market is going up, down or sideways.
The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell.
If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!
In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.