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Blitz Daily: Bulls Take Aim at Under Armour Options After Brutal 6-Week Slide

by | Dec 27, 2021

Oh baby! The Under Armour trader is back, and I am here for it. This is one of my favorite stocks to trade and it’s been extremely generous to us throughout 2021! 

So in Monday’s Blitz Daily, we take a look at the apparel manufacturer as the stock continues its rally after dipping below $20 per share.

It’s been a rough six weeks since its Nov. 2 earnings call. After setting a record high share price of $27.28 on Nov. 15, the apparel giant fell over 27%… 

But momentum is finally starting to turn, with shares rebounding more than 4.5% over the past four trading days… and the bulls are taking notice!

Monday’s action saw deep-pocketed traders scoop up over 5,200 contracts of the UAA Dec. 31 $342.50 strike calls for more than $148,000 in premium!

But if Under Armour isn’t your brand, there are three more trades below that might be a better fit…

    • Under Armour Inc. (UAA): Dec 31 $20.50 CALL.
    • Salesforce.com Inc. (NYSE: CRM): Dec 31 $257.50 CALL. 
    • Tesla Inc. (Nasdaq:TSLA): Dec. 31 $1200 CALL. 
    • Microsoft Corp. (Nasdaq: MSFT): Dec. 31 $342.50 CALL. 

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

For more guidance through the stock markets and big-money trades like these as we head into 2022, check out my Weekly Blitz Alerts strategy!

P.S. WealthPress Senior Strategist Roger Scott is going LIVE Tuesday, Dec. 28 at 1 p.m. EST to cover his top 3 predictions, his top sector, his No. 1 stock and his No. 1 stock to avoid for 2022!

Register for the FREE event here and get a FREE report!

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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