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The Bulls Buy in as BP Bets Billions on Green Energy

by | Jun 16, 2022

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at oil company BP after it announced a new green energy project.

Thursday’s markets are a sea of red after another nasty gap down, selling off Wednesday’s post-Federal Reserve meeting rally and driving a surge in unusual options activity.

Even energy names were caught up in the selling including cornerstone oil and gas stock, BP.

The company announced late Wednesday it would invest more than $30 billion to spearhead an Australian renewable hydrogen production project…

While the news wasn’t enough to shake Thursday’s selling, our scanners spotted an unusually large series of bullish buys in BP’s options chain…

Traders locked in on the July 1 expiration, $31 strike call options with more than 8,200 contracts traded Thursday!

Of course, that wasn’t the only name hitting the tape. Check out these trades…

    • BP PLC (NYSE: BP): July 1, $31 CALL. 
    • General Motors Co. (NYSE: GM): July 15, $35 CALL.
    • Broadcom Inc. (Nasdaq: AVGO): June 17, $510 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. Learn how to hack the stock market by “legally spying” on trade ideas from high-profile company insiders…

Using one signal that’s already identified over 80 unique stock rallies since 2020!

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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!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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