In Wednesday’s Blitz Daily with Lance Ippolito, we take another look at international burger chain Wendy’s after a spike in options activity.
It looked like the market would hold up today, but then we both went to lunch and only one of us came back.
The S&P 500 finished down over 1% from the highs in the back half of Wednesday’s trading…
The good news in this choppy mess is we’re seeing big order flow hit in some familiar names this Wednesday.
We saw institutional traders load up on Wendy’s with a massive bull call spread with shares up around 0.5% on the day.
This big swinger grabbed around 7,500 contracts of the Aug. 19 expiration, $19 strike calls, and then sold about 5,000 contracts of the Aug. 19 expiration $23 strike calls for more than $780,000 in options premium!
And if you’re hungry for more unusual options order flow, you’re in luck…
- Wendy’s Co. (Nasdaq: WEN): Aug. 19, $19 CALL; Aug. 19, $23 CALL.
- Veru Inc. (Nasdaq: VERU): Sept. 16, $12 PUT.
- DraftKings Inc. (Nasdaq: DKNG): June 10, $14.50 CALL.
- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM): June 10, $61 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 wires like these over the weekend, check out my Wiretap Alerts strategy!
P.S. Month after month, the results have spoken for themselves…
By relying on an obscure — and hidden — market pattern, one group of traders has SMASHED the S&P 500!
And no surprise here but anyone else who’s uncovered this pattern is likely keeping it to themselves…
But I want to break this story WIDE OPEN so everyday traders can take advantage, too!
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!