loader image

Has Meta (FB) Finally Hit Rock Bottom? Call-Buyers Think So

by | Feb 9, 2022

In Wednesday’s Blitz Daily with Lance Ippolito, we look at social media giant Meta Platforms as shares bounce off 52-week lows after a 30% bloodletting since Feb. 2.

What goes down eventually goes back up again — or at least that’s what some traders are thinking Wednesday as they pile into Meta stock options.

It’s been a gut-wrenching few days for the recently rebranded parent company of Facebook after a disastrous Feb. 3 earnings report. Revenue came in under analyst expectations and shareholders abandoned ship, sinking the once-revered growth stock by 26%. All told, the $119 billion loss is the largest single-day drop in stock market history.

Adding insult to injury, shares continued to sell off across the next three sessions… But thankfully, the slide came to an end Wednesday. Shares of the beleaguered tech firm bounced more than 5% as traders looked to get their piece of one of the biggest dips of all-time.

In the options chain, the Blitz Tracker spotted one buyer sweeping up more than 26,700 contracts of the Feb. 11 $235 strike calls for more than $120,000 in premium!

But if you’re not ready to call the bottom for Meta, don’t worry. I have two more massive options trades hitting the tape Wednesday…

  • PulteGroup Inc. (NYSE: PHM): March 18 $55 CALL. 
  • Meta Platforms Inc. (Nasdaq: FB): Feb. 11 $235 CALL.
  • Nvidia Corp. (Nasdaq: NVDA): Feb.11 $270 CALL. 

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!  

For more guidance through the stock markets and big-money trades like these through earnings season, check out my Weekly Blitz Alerts strategy!

P.S. Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?  

It’s because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else! 

And by the time Joe trader can pull up his accounts, the stock has made its move and is already fading… 

Now I’m ready to show everyone exactly why this happens and how I use that pullback to my advantage! 

Here’s How It’s Done 

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

What to read next

Have any questions? Contact Our Customer Service Team

Share via
Copy link