In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at big call-buying in uranium miner Cameco Corp. ahead of its earnings report before the opening bell on Thursday.
With the sanctions against Russia, countries will turn to nuclear companies to make up for the resulting energy shortages. This puts names like Cameco, the world’s second-largest uranium producer, in an advantageous position.
But a lot of commodity names have traded poorly the past few weeks, even the ones that reported solid earnings.
And it appears that at least one big-money trader is looking to take advantage of the recent weakness, coming in to buy 2,000 contracts for the June 17, $24 calls, worth over $600,000 in option premium!
Of course, if Cameco isn’t the bright spot you’re looking for in these markets, I’m also seeing a flight to safety following the Federal Reserve’s interest rate hike announcement on Wednesday…
- Cameco Corp. (NYSE: CCJ): June 17, $24 CALL.
- Coca-Cola Co. (NYSE: KO): May 6, $64 CALL.
- Colgate-Palmolive Co. (NYSE: CL): May 6, $78 CALL.
- Kraft Heinz Co. (Nasdaq: KHC): May 13, $44 CALL.
- Macy’s Inc. (NYSE: M): May 6, $24 PUT.
- Lyft Inc. (Nasdaq: LYFT): May 13, $23 CALL.
- Rivian Automotive Inc. (Nsadaq: RIVN): May 13 $30 PUT.
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!
P.S. It’s a bloodbath out in the markets…
With many traders’ accounts going red, day after day…
No one knows what to do… But this former $700 million hedge fund manager is warning investors:
It’s only going to get worse!
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!