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Blitz Daily: Monday’s Midday Sell-off Spurs Bearish EV Options Activity

by | Nov 22, 2021

In Monday’s Blitz Daily, we take a look at Chinese EV company Nio as shares rally to start the week.

Normally, we talk about the top institutional order flow with call buyers… 

But as the Nasdaq and S&P 500 sold off early in the day, we saw downside bets rule the day with put buying and loads of calls being sold.  

Traders came after our good friend Nio Inc. as shares close in on new three-month highs, gaining about 13% and outperforming other companies in the Invesco Golden Dragon China ETF (Nasdaq: PGJ) by more than 6.5% over that period!

Bears were knocking on the door Monday and ready for the party to end. They swept up about 3,000 contracts of the Nov. 26 $43 strike put options for more than $223,000 of premium! 

But that’s not the only overcharged stock seeing bearish flow today, I have three more options plays waiting below…

  • Nio Inc. (NYSE: NIO): Nov. 26 $43 PUT.
  • Palantir Technologies Inc. (NYSE: PLTR): Dec. 17 $20.50 PUT.
  • Ford Motor Co. (NYSE: F): Dec. 3 $21 PUT.
  • Skechers USA Inc. (NYSE: SKX): Dec. 17 $51 CALL.

Check out my short video, and I’ll break down the day’s most unusual options order flow in less than two minutes! 

For more guidance through the stock markets and big money trades like these as we head into the new year, check out my Weekly Blitz Alerts strategy!

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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