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Blitz Daily: Bulls Bet Big on Beaten-Down Lucid Group as Lockup Expires

by | Jan 19, 2022

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at electric vehicle upstart Lucid Group as the lockup period for many of its SPAC investors expires. 

Wednesday was a welcome change of pace for Lucid shareholders. As noted in our most recent New Money Crew Weekend Watchlist, Wednesday’s trading marks the first opportunity for many of its early SPAC investors to freely trade their holdings.

Shares of the Tesla challenger dropped more than 18% in the lead up to Wednesday’s event. But the session saw the stock rip nearly 7.5% from its open before closing about 2% higher, ending a sharp, three-day slide as bulls poured into the stock and options chain.

Wednesday saw one big trader take aim at the Jan. 21 $42 strike calls, picking up 11,900 contracts for more than $348,000 in premium!

And if that Lucid trade doesn’t get your motor running, there are four more fast-moving options trades waiting below…

    • AT&T Inc. (NYSE: T): Jan. 21 $25 CALL. 
    • Lucid Group Inc. (Nasdaq: LCID): Jan. 21 $42 CALL. 
    • Intel Corp. (Nasdaq: INTC): Jan. 28 $54.50 CALL.  
    • Cameco Corp. (NYSE: CCJ): March 18 $24 CALL.
    • Microsoft Corp. (Nasdaq: MSFT): Jan. 21 $310 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 for the start of 2022, check out my Weekly Blitz Alerts strategy!

P.S. WealthPress Senior Strategist Roger Scott wants to give you his new option trade for FREE! The “Fed effect” is in full force, and its impact on the S&P 500 sectors could be a MASSIVE jolt for this one ticker. Join Roger live at 1 p.m. EST on Thursday, Jan. 20, so he can rush everyone this trade — and share his No. 1 sector play for the next six months!

He’s anticipating a big crowd, so be sure to RSVP and save your seat!

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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