In Thursday’s Blitz Daily with Lance Ippolito, we’ll take a look at automakers like GM, which are getting wrecked — and the king of the hogs, Harley-Davidson!
It’s been another amazing day of trading while the markets are a total bloodbath… Particularly for automakers like General Motors, which was down nearly 7% at one point this morning… WOOF.
And if you read Wednesday’s edition of the Blitz Daily, then you already knew this trade we highlighted could pay off big time…
- General Motors Co. (NYSE: GM): Oct. 7, $35 PUT.
These babies went from about $1 a contract to as high as $2.47 about 40 minutes after Thursday’s open — BANG, thos put buyers were spot on!
Today, we’re seeing heavy action flowing into Harley-Davidson weekly $37 puts, which doubled in about 10 minutes earlier Thursday!
And that’s not the only automaker seeing heavy put buying…
- Harley-Davidson (NYSE: HOG): Sept. 30, $37 PUT.
- Ford Motor Co. (NYSE: F): Oct. 21, $12 PUT.
- VNET Group Inc. – ADR (Nasdaq: VNET): Oct. 21, $6 PUT.
Check out my short video and I’ll break down today’s unusual options order flow in 33 seconds flat…
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Blitz Daily With Lance Ippolito
At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.”
The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*
If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email 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 on WealthPress.com!
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
