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Bullish Options Traders Still Laser-Focused on These EV Names

by | May 31, 2022

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at automotive tech company Luminar as shares climb.

Electric vehicle-makers and tech names surrounding the industry continue to hit the tape as share prices squeeze higher into the end of May. 

One unusual name seeing an equally unusual amount of attention Tuesday is Luminar Technologies.

The lidar developer is at the forefront of self-driving car technology, and it announced a strategic partnership to establish a foothold in China.

The news has helped shares soar over 11% over the past five sessions — including Tuesday’s 5% jump — as bullish traders pile into options plays.

One trader swept up around 1,800 contracts of the July 15 expiration, $12.50 strike call options for about $115,000 in premium!

And that’s just one of the top tech trades hitting the tape Tuesday…

    • Advanced Micro Devices Inc. (Nasdaq: AMD): June 3, $105 CALL. 
    • Rivian Automotive Inc. (Nasdaq: RIVN): June 3, $31 CALL.
    • Luminar Technologies Inc. (Nasdaq: LAZR): July 15, $12.50 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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