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Ride With the Bulls and These Top 3 EV Options Plays

by | Oct 13, 2021

In Wednesday’s Blitz Daily, we take a look at unusual options interest in Chinese electric vehicle manufacturers…

China has seen energy demand soar, resulting in rolling blackouts as the country tries to balance supply and demand while still meeting energy and emissions targets.

As it strives to meet those targets and become “greener,” EV manufacturing is surging… And related companies are seeing a ton of unusual options flow Thursday.

Traders came in and dropped $370,000 worth of premium on over 2,000 contracts in the Nio Inc. Oct. 29 $36 strike calls. 

Nio fell to almost $33 per share earlier this month, but it seems traders aren’t worried about it returning to those levels.

While the company hasn’t been in the news lately, several of its competitors have…

BYD Auto is involved in fleet-as-a-service solutions joint venture in the U.S., where it will deploy up to 5,000 new EVs to fleet managers.

And Tesla Inc. (Nasdaq: TSLA) not only produced a record number of EVs at its Shanghai manufacturing plant in September, but it also had a record number of sales that month. 

As the saying goes, “a rising tide lifts all boats.” And the EV frenzy is sending interest and buying soaring in several Chinese EV companies.

I have two more EV stocks — among other names — seeing their institutional activity go into overdrive Thursday…

  • Nio Inc. (NYSE: NIO): Oct. 29 $36 CALL. 
  • Li Auto Inc. (Nasdaq: LI): Nov. 19 $31 CALL.
  • XPeng Inc. (NYSE: XPEV): Oct. 29 $42 CALL.
  • Marathon Digital Holdings Inc. (Nasdaq: MARA): Oct. 22 $44 CALL.
  • Freeport-McMoRan Inc. (NYSE: FCX): Oct. 22 $36 CALL.
  • Plug Power Inc. (Nasdaq: PLUG): Oct. 29 $36 CALL.
  • FuelCell Energy, Inc. (Nasdaq: FCEL): Oct. 22 $7.50 CALL.
  • Ballard Power Systems Inc. (Nasdaq: BLDP): Oct. 15 $16 CALL.

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

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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