Markets are treading water Thursday, digesting the massive midweek pump from Federal Reserve Chair Jerome Powell late Wednesday afternoon.
But even though the major indexes were stuck going sideways most of Thursday, we’ve seen an explosion of institutional order flow in the wake of Jay Powell’s speech!
Among the names seeing standout flow is our old friend Tesla…
After five long years of waiting, CEO Elon Musk’s baby is finally rolling its commercial electric truck — the Tesla Semi — off the production line and over to PepsiCo Inc. (Nasdaq: PEP) Thursday evening in Reno, Nevada.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Amid a choppy day of trading, my scanners spotted several sizable, short-dated bets ahead of the unveiling, with one trader snagging about 550 of the Dec. 2 expiration, $195 strike calls for around 125,000 in premium!
And if that’s not a big enough haul, I have more top trades waiting below…
- Tesla Inc. (Nasdaq: TSLA): Dec. 2, $195 CALL.
- Nvidia Corp. (Nasdaq: NVDA): Dec. 9, $172.50 CALL.
- Advanced Micro Devices Inc. (Nasdaq: AMD): Jan. 20, 2023, $70 PUT..
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
P.S. Death to the “Dip Buyers”
“Buying the dip” has been the go-to for the past decade-plus.
For the most part, traders could toss in a few bucks and come out on top a few months later…
But what happens when the dip just keeps… dipping?
That’s been a very real scenario over the past 11 months…
And the way things are shaping up… it doesn’t look like the market will “bounce back” any time soon…
So it’s time to fight back!
I’m hosting a training class that doesn’t cost a dime to attend, and I’ll teach traders how to leverage a different part of the market…
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, check out 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.
