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Blitz Daily: Bullish Traders Bet Nearly $1M Opendoor’s Slide is About to End

by | Dec 2, 2021

In Thursday’s Blitz Daily, we take a look at online real estate company Opendoor Technologies as institutional traders bet on an upside bounce in the stock price.

Shares of Opendoor rose slightly during Thursday’s session amid a three-week skid. The stock price has plummeted more than 35% following its Nov. 10 earnings event. 

That massive drop caught the attention of the big accounts and CNBC as one sweeper went bottom-fishing in the options chain! 

The trader reeled in 7,500 contracts of the OPEN Jan. 21, 2022, $16 strike calls for $975,000 in premium!

And that’s not the only red-hot trade seeing notable order flow….

    • Opendoor Technologies Inc. (Nasdaq: OPEN): Jan. 21, 2022, $16 CALL. 
    • Uber Technologies Inc. (NYSE: UBER)): Dec. 23 $40 CALL. 
    • Lucid Group Inc. (Nasdaq: LCID): Dec. 10 $49 PUT

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

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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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