In Monday’s Blitz Daily with Lance Ippolito, we take a look at American clothing company Levi Strauss & Co. ahead of its earnings report after the close on Wednesday.
Analysts expect earnings per share of $0.42 on revenue of $1.55 billion.
The company gave a stronger-than-expected outlook in January, saying that price hikes weren’t affecting sales.
And ever since the Federal Reserve hiked interest rates a few weeks ago, we’ve seen retail and apparel companies trading higher.
On Friday, we saw a big purchase in the April 14, $19 strike calls for LEVI.
And the buying continued on Monday as we saw even more options flow, this time for 500 contracts of the April 14, $20 strike calls!
And even though it’s a slow day, that’s not the only retail company hitting the scanner…
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- Levi Strauss & Co. (NYSE: LEVI): April 14 $20 CALL.
- The Gap Inc. (NYSE: GPS): April 8 $14 CALL.
- Qualcomm Inc. (Nasdaq: QCOM): April 8 $155 CALL.
- AT&T Inc. (NYSE: T): June 17 $25 CALL,
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
And to find out how I trade Shadow Blitzes like these as soon as I see them, check out my Weekly Blitz Alerts strategy!
P.S. Between the Russia-Ukraine war, rising interest rates, rampant inflation and skyrocketing gas prices…
We’ve seen the stock market whipsaw accounts day in and day out for months.
And there’s been no directional bias of late on Wall Street.
Sadly, we’re sure a lot of people have seen their gains from the past two years ripped away in a matter of weeks.
That’s why former hedge fund manager Jeff Zananiri is revealing his “Heaters” strategy to the public…
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
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!
