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GM’s New EV Sparks Bullish Options Buying Frenzy

by | Mar 22, 2022

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at “Big 3” automaker, General Motors after starting production on its new luxury EV.

General Motors is making a return appearance in the Blitz Daily after announcing it had started production on the Cadillac Lyriq ahead of schedule

The company plans to produce 25,000 units of the battery-powered luxury crossover EV in 2022.

Shares bounced as much as 3.8% from its Monday closing price, while the options are seeing more massive bullish flow in Tuesday’s session.

The Blitz Tracker spotted one big buyer snapping up more than 2,500 contracts of the March 25, $45 strike calls for over 165,000 in premium!

But if that’s not enough to get your motor running, I have four more top trades hitting Tuesday’s tape… 

    • Barclays PLC (NYSE: BCS): April 14 $8 CALL. 
    • XPO Logistics Inc. (NYSE: XPO): April 14 $80 CALL.
    • Microsoft Corp. (Nasdaq: MSFT): March 25 $302.50 CALL.
    • General Motors Co. (NYSE: GM): March 25 $45 CALL.
    • Meta Platforms Inc. (Nasdaq: FB): March 25 $220 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!

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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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