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The Market Is a Bloodbath, and the Bears Are Buying These Puts…

by | Feb 17, 2022

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at industrial sector icon 3M after its stock received an analyst downgrade.

If you’re trading these markets, then hats off to you because it’s a hot, ugly mess of red out there…

And 3M Co. was one of those names smacked with the ugly stick on Thursday after its latest stock downgrade from the stuffed suits over at Morgan Stanley. 

With headlines of omicron outbreaks fading and sales of masks and other pandemic-related personal protective equipment slowing down, the Wall Street financial gurus lowered their price target to $150 per share. The news helped sink the struggling stock as much as 4.2% from Wednesday’s closing price.

Bearish options traders smelling blood rolled in Thursday and snapped up over 1,000 contracts of the April 14 $145 strike puts for around $440,000 in premium!

But if you don’t think 3M’s low prices are likely to stick, I have two more hot options plays burning up Thursday’s tape…

  • Target Corp. (NYSE: TGT): May 20 $230 CALL. 
  • 3M Co. (NYSE: MMM): April 14 $145 PUT.
  • Caterpillar Inc. (NYSE: CAT): Feb. 18 $200 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. Friday Feb. 18 at 11 a.m. EST, WealthPress Senior Strategist Roger Scott is opening the doors to all his readers for my live trade room session…

And he wants to see YOU there!

Inside the trade room Friday at 11am Eastern, he’ll cover:

  • Crucial Market Levels To Keep Your Eyes On Over The Next 2 Weeks
  • Current Volatility Update And What To Expect Next
  • Market Sentiment And What That Means For Your Money
  • Earnings And The Best Way To Take Advantage Of Them

Your VIP Trade Room complimentary session is scheduled for tomorrow –  February 18th at 11 a.m. Eastern… under 24 hours from now!

Claim Your Seat Right Here.

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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