loader image

What Do DoorDash and Crypto Have in Common? This Credit Card Company

by | Sep 28, 2022

The major indexes were mixed Wednesday morning before moving higher around midday on the East Coast as I battened down the hatches in preparation for Hurricane Ian here in Tampa, Florida…

While we saw a lot of bearish action hitting the tape in Wednesday’s Blitz Daily with Lance Ippolito, the bulls came out in force for Mastercard…

The credit card company is partnering with JPMorgan Chase & Co. and DoorDash to launch the first-ever DoorDash credit card. Mastercard will be the exclusive payments network for the new card, which will allow members to unlock benefits and earn rewards on purchases on the DoorDash platform and elsewhere.

But that’s not the only partnership Mastercard has in the works…

It’s also buddied up with crypto app Hi to launch the world’s first non-fungible token (NFT) card, where members can personalize their plastic with artwork from their NFT collections. They can also spend money in fiat, stablecoins or any cryptocurrency they hold that’s accepted wherever Mastercard is available…

All discussion on the viability of NFTs — monkey JPGs, anyone? — and crypto aside, someone saw fit to drop a cool half-million bucks on the Oct. 7 expiration, $287.50 strike calls!

And as I mentioned, that wasn’t the only action picked up on our scanner Wednesday as the winds howled outside…

  • Mastercard Inc. (NYSE: MA): Oct. 7, $287.50 CALL.
  • Brighthouse Financial Inc. (Nasdaq: BHF): Nov. 18, $45 PUT.
  • General Motors Co. (NYSE: GM): Oct. 7, $35 PUT.

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

P.S. Introducing Roger Scott’s NEWEST Strategy!

We’re often asked how traders can participate in our upcoming projects…

The answer has always been the same…

When we have something, you’ll be among the first to know.

And right now, this is me letting you know!

What Senior Strategist Roger Scott uncovered in this new strategy shook him to his core…

And he just went LIVE for the full reveal!

Catch the Session Here for All of the Details

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

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link