In Monday’s Blitz Daily with Lance Ippolito, we take a look at Apple as unusual options activity is again on the rise during the market’s sell-off.
The selling pressure continues to drag the markets down on the edge of bear territory, but the bulls are showing signs of life, taking aim at select stocks trading at multi-month lows.
That’s exactly what we saw Monday with tech titan Apple. The stock has taken a 20% haircut since markets began to sell off in April, and institutional buyers came in Monday looking for a bounce in the share price.
The Blitz Tracker spotted one buyer sweeping up about 9,800 contracts of the July 15 expiration $155 strike calls for more than $4.2 million in premium — a HUGE bet!
Of course, that’s not the only stock hitting the tape Monday. Check out these top trades…
- Upstart Holdings Inc. (Nasdaq: UPST): May 20, $39 PUT.
- Apple Inc. (Nasdaq: AAPL): July, 15, $155 CALL.
- Mattel Inc. (Nasdaq: MAT): May 27, $25 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. I’m pulling back the curtain on one of my favorite strategies I’ve used for more than a decade…
And I’m confident that anyone can pick it up and start using it right away.
It doesn’t require any complicated software… or chart pattern memorization…
At my Insider Secrets Training Course, I’ll give my criteria for setting up a rock-solid trade idea, and walk everyone through the process step by step!
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!