In Tuesday’s Blitz Daily, we take a look at aerospace company Spirit Aerosystems as the travel sector begins the new year with a strong showing.
The market is seeing a bit of rotation into many of the aerospace names that went unloved in 2021. On Monday, I highlighted major options flow into The Boeing Co. (NYSE: BA) and Howmet Aerospace Inc. (NYSE: HWM), and now it’s Spirit’s turn!
The company builds major structural pieces for airplane-makers like Boeing and its European rival, Airbus.
With both competitors nearing the release of their yearly delivery and order results, no matter who comes out on top, Spirit wins… Or at least that’s what institutional traders are betting on! Bulls came after the airline supplier Tuesday, landing more than 2,000 contracts of the Feb. 18 $49 strike calls for over $200,000 in premium!
Of course, those weren’t the only options trades taking off Tuesday. I have two more ready to soar that are waiting at the gate…
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- Spirit AeroSystems Holdings Inc. (NYSE: SPR): Feb. 18 $49 CALL.
- Advanced Micro Devices Inc. (Nasdaq: AMD): Jan. 7 $148 CALL.
- Ford Motor Co. (NYSE: F): March. 18 $25 CALL.
- The Macerich Co. (NYSE: MAC): Feb. 18 $19 CALL.
- TripAdvisor Inc. (Nasdq: TRIP): Feb. 18 $29 CALL.
Check out my short video, and I’ll break down the day’s most unusual options order flow in under two minutes!
P.S. Be sure to catch me as I sit down with WeathPress Senior Strategist Roger Scott and Joy of the Trade Head Trader Jeff Zananiri on Wednesday at 11 a.m. EST. We’ll talk trending market flows and more as we take the weekly roundtable LIVE for the very first time!
You won’t want to miss this!
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!
