In Monday’s Blitz Daily with Lance Ippolito, we take a look at East Stone Acquisition Corp., a publicly traded special purpose acquisition company, or SPAC.
SPACs are used to acquire or merge with an existing company, in order to bring that company public.
And East Stone appears to have found its target…
News just hit that it’s partnering with ICONIQ Holding Limited, which bills itself as a “green mobility technology company.” ICONIQ is working on combining AI and autonomous driving with electric vehicle technologies.
This news has certainly grabbed the attention of big-money traders…
Big buyers have been pouring into the May 20 expiration $12.50 strike call Monday, with more than 33,600 contracts changing hands!
And that’s not the only flow we saw following the long holiday weekend…
- Advanced Micro Devices Inc. (Nasdaq: AMD): May 20 $90 CALL.
- Nvidia Corp. (Nasdaq: NVDA): May 20 $220 CALL.
- East Stone Acquisition Corp. (Nasdaq: ESSC): May 20 $12.50 CALL.
- Cenovus Energy Inc. (NYSE: CVE): June 17 $19 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. Corporate insiders raked in a record-breaking $69 billion in trading returns in 2021…
It’s led many to believe these huge gains made by top-ranking corporate executives have spiraled out of control. And for good reason…
If you’re one of the many American investors who feel cheated, you’ll want to check out what I have to say…
I believe this $69 billion spiral is one of the best opportunities in the stock market… if you know how to play it, of course!
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.