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Bulls Buy the Dip as Tesla Announces 1M Vehicle Recall

by | Sep 22, 2022

In Thursday’s Blitz Daily with Lance Ippolito, we take another look at EV icon Tesla as shares slump following its latest recall.

The sell-off continued Thursday after the Federal Reserve released its third straight 75-basis-point interest rate hike. 

Tech names are leading the way down once again as the Nasdaq dropped just under 1% while the S&P 500 shed 0.42%.

EV-maker Tesla is back in our sights, and this time it finds itself among the top tech names taking a beating after the company announced a recall on over 1 million vehicles.

Shares of the automaker dipped as much as 4.3% on the news, and the bulls smelled opportunity as they charged into the options chain…

My scanners spotted institutional buyers grabbing around 1,400 contracts of the Sept. 23 expiration, $295 strike calls for more than $230,000 in premium!

And if you’re looking for more outsized order flow to drive you wild, you’re in luck…

  • Tesla Inc. (Nasdaq: TSLA): Sept. 23, $295 CALL.
  • Blackstone Inc. (NYSE: BX): Sept. 30, $85 PUT. 
  • Advanced Micro Devices Inc. (Nasdaq: AMD): Oct. 28, $72 CALL.

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat! 

P.S. There’s been something on my mind that I’ve been dying to share…

Something that can be used by traders and investors of all skill levels. 

It doesn’t matter if you’re a day trader, options trader, swing trader, a casual investor or if you’re just getting started in the stock market.

It spits out buy and sell signals based on the real reasons stocks move up and down…

And I think it could influence your trading month in a BIG way. 

See My Secret

Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email 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 on WealthPress.com!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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