In Wednesday’s Blitz Daily with Lance Ippolito, we take another look at footwear company Crocs Inc. following its solid earnings report.
The foam clog manufacturer reported record full-year revenue for 2021 that totaled $2.31 billion, an increase of 66.9% year over year. And it expects first-quarter revenue for 2022 in the range of $605 million to $630 million.
Despite these solid earnings, the stock has dropped in recent days… But it seems institutional traders are prepared to snatch it out of the bargain bin…
One trader in particular came in to pick up $204,000 worth of the March 18, $85 strike calls.
Now, the markets are a mess… So we’re not seeing a ton of flow today. However, if Crocs aren’t your style, I have one more name seeing heavy institutional interest today…
- Crocs Inc. (Nasdaq: CROX): March 18 $85 CALL.
- Big Lots Inc. (NYSE: BIG): April 14 $37.50 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
For more guidance through the stock markets and big-money trades like these through earnings season, check out my Weekly Blitz Alerts strategy!
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!
