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Blitz Daily: OXY Tops Order Flow 3 Days Straight as Bulls Buy Energy Dip

by | Oct 7, 2021

In Thursday’s Blitz Daily, we’re looking at energy company Occidental Petroleum as the stock bounces back from Wednesday’s sector sell-off. 

As I mentioned in the previous installment of Blitz Daily, the bulls have been all over energy stocks for the past several weeks… Especially when there’s blood in the streets. Well, Thursday’s trading was no exception. After a quick sell-off, the big boys were back, flooding the tape with more calls in OXY!

Energy stocks are poised to rip higher as we head into winter, and the bulls are here for it. For the third day in a row, institutional buyers have pushed OXY up the charts and onto the Blitz Daily’s radar. 

This time they’re switching it up with some shorter-dated flow. Buyers snapped up 4,307 contracts of the Oct. 15 expiration, $33 strike calls for more than $362,000 in premium! They love it. They want more of it. And I can’t disagree! 

This was just one of the big trades hitting the scanner Thursday, including some puts to help hedge against this nasty market volatility….

  • Snap Inc. (NYSE: SNAP): Oct. 22, $79.50 CALL
  • Ford Motor Co. (NYSE: F): Oct. 29, $15.50 CALL
  • General Motors Co. (NYSE: GM): Oct. 15, $33 CALL
  • Occidental Petroleum Corp. (NYSE: OXY): Oct. 15, $33 CALL
  • Facebook Inc. (Nasdaq: FB): Nov. 19 $330 PUT

Check out my short video and I’ll break down today’s most unusual options order flow in two minutes flat! 

And if you want to get in on these orders as they hit my Blitz Tracker in real time — and even more actionable trade ideas — be sure to join us in the Daily Profits Challenge War Room! 

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’s going to happen with that stock by the next day’s opening bell. 

If you want in on these explosive 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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