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Blitz Daily: Metaverse Chip Developer Sees Bullish Flow Amid Wednesday’s Tech Sell-off

by | Jan 5, 2022

In Wednesday’s Blitz Daily, we take a look at Silicon Valley powerhouse chipmaker Qualcomm after it announced a strategic partnership with Microsoft.

Qualcomm was one of the few bright spots for the tech sector on Wednesday. Shares jumped as much as 3.3% following an announcement the company is developing news chips for Microsoft’s upcoming metaverse project.

Bullish traders bombarded QCOM options, taking large positions across multiple expirations. One big spender dropped more than $800,000 to grab around 700 contracts of the Feb. 4 $190 strike calls!

And if you’re looking for more action, I have two more monster options plays waiting below…

    • Twitter Inc. (NYSE:TWTR): Jan. 7 $42 CALL. 
    • Qualcomm Inc. (Nasdaq: QCOM): Feb. 18 $190 CALL. 
    • Marathon Petroleum Corp. (NYSE: MPC): Feb. 18 $23 CALL.  

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

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!

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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