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Is This Footwear Giant About to Be Back in Style?

by | Mar 16, 2022

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at sports footwear and apparel company Nike ahead of its third-quarter earnings report after the bell on March 22.

Shares fell more than 20% this year due to investor concerns regarding supply chain constraints and other issues. But the stock could be in for a big rebound… 

Credit Suisse analyst Michael Binetti recently reiterated his outperform rating on the stock, setting a price target of $160 per share, which would represent a 28% gain from its current price near $125. 

And it seems he’s not the only one who thinks the stock is going up… 

We’re seeing institutional traders coming in to buy up the March 25 $135 strike calls for about $125,000 in premium. 

Of course, if Nike isn’t your style, I have a few more trades seeing institutional order flow…

    • Alibaba Group Holding Ltd. (NYSE: BABA): March 18 $105 CALL. 
    • Bank of America Corp. (NYSE: BAC): March 18 $43 CALL.
    • Nike Inc. (NYSE: NKE): March 25 $135 CALL.

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. Do hedge funds place risky bets and cross their fingers?

Of course not…

They want consistent profits.

That’s why they take advantage of a little-known market “error,” that flips the odds in their favor

After learning this trick on Wall Street, I perfected a formula anyone can use to do this exact same trick…

From their cell phone brokerage account!

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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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