Bulls Drop BIG Tape Bomb on BAC Ahead of Earnings

by | Apr 7, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at investment bank and financial services company Bank of America ahead of its upcoming earnings call. 

This beaten-down bank has seen better days… It’s down almost 19% from its Feb. 8 high of $49.38, trading for about $39.50 a share on Thursday.



The company is due to report earnings on April 18. And while analysts expect a year-over-year decline, the Blitz Tracker is seeing some big, bullish bets hit the tape ahead of the event!

The bulls came in Thursday to pick up about 3,300 of the June 17, $39 calls for more than $800,000 in premium.

Someone then came in and spent about $100,000 in premium for the April 29, $40 calls, for a total of almost $1 million in earnings bets!

And that wasn’t the only ticker hitting the scanner. I have two more top trades waiting below…

    • Cleveland-Cliffs Inc. (NYSE: CLF): May 20 $34 CALL.
    • Bank of America Corp. (NYSE: BAC): June 17 $39 CALL.
    • Uber Technologies Inc. (NYSE: UBER): April 14 $33 CALL.

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. I’m revealing the steps I take when trying to capture incredible gains overnight… 

This “Overnight Secret” has been shared with a group of traders who’ve been put in front of massive triple-digit gains like 109% on LCID, 254% on FSLY and a scorching 925% return on SNAP all overnight!*

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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!

*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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