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Legal Troubles Can’t Stop the Bulls From Buying This Dip

by | Sep 30, 2021

In Thursday’s Blitz Daily, we take a look at cyber security company NortonLifeLock after reports confirmed an investigation into its recent merger.

I’m in the trade room with the rally hat on as Washington announced we’ll avoid a federal shutdown… for now. That’s lifting Mr. Market’s mood and the indexes are clawing back up the charts, led by the Nasdaq. 

That’s great news for tech stocks, unless you happen to be NortonLifeLock… The owners of the popular antivirus software hit a bit of legal trouble as several law firms have its recent acquisition of Avast under their microscopes. 

The news helped send shares on a two-week slide, dropping more than 12%. Institutional traders said enough is enough on Thursday, aggressively buying the dip! 

They came in and bought big time, trading 3,300 of the Jan. 21, 2022, expiration $28 strike calls for more than $200,000 of premium!

And those weren’t the only bullish bets looking to leverage these choppy markets. I have four more hot trades seeing unusual order flow right now…

  • NortonLifeLock Inc. (Nasdaq: NLOK): Jan. 21, 2022, $28 CALL.

  • Skechers USA Inc. (NYSE: SKX): Oct. 8 $44 CALL.

  • Volta Inc. (NYSE: VLTA): Nov. 19 $10 CALL.

  • Under Armour Inc. (NYSE: UAA): Oct. 8 $20 CALL.

  • Palantir Technologies Inc. (NYSE: PLTR): Oct. 8 $24 PUT.

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 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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