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Blitz Daily: 3 Bearish Trades Hitting the Tape as Selling Continues

by | Jan 24, 2022

In Monday’s Blitz Daily with Lance Ippolito, we take a look at data analysis company Palantir Technologies as the markets continue to rotate out of growth stocks. 

There’s blood on the streets… and I love it!

Remember when Ark Invest CEO Cathie Wood forecasted a 40% return in Ark’s portfolio? Well, we’re not even through January, and that path is getting tougher by the day… 

Palantir Technologies — one of her disruptive technology fund’s major holdings — saw another major leg down during Monday’s trading as markets sell off ahead of Wednesday’s Federal Reserve press conference.

Shares of the big data stock sank more than 13% from Friday’s close as bearish traders were betting there’s more downside to come — grabbing over 5,200 contracts of the March 18 $12 strike puts for more than $640,000 in premium!

The stock, however, rallied hard along with the broader market, closing down less than 1.5%. 

But with markets trending down, there’s plenty more bearish flow where that came from…

    • Pfizer Inc. (NYSE: PFE): May 28 $45 PUT. 
    • Datadog Inc. (Nasdaq: DDOG): March 18 $110 PUT. 
    • Palantir Technologies Inc. (NYSE: PLTR): March 18 $12 PUT.

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!

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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