China Stocks Fall on Delisting Fears, Setting Off a Dip-Buying Frenzy

by | Apr 19, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at internet retailer Alibaba after delisting news spooked shareholders.

Shares of Chinese-based tech companies slumped at the open of trading Tuesday. The sell-off was sparked by an announcement from Didi Global that it will vote on delisting its shares at a special shareholder meeting.

Among the names taking a hit from the disappointing news is Asian e-commerce king Alibaba, whose shares dropped as much as 4% from Monday’s closing price.

The sudden plunge attracted the attention of bullish traders who came in to buy Tuesday’s dip! The Blitz Tracker spotted one bloodthirsty buyer who swept up more than 7,800 contracts of the June 17 expiration, $120 strike call options for more than $1.2 million in premium!

And that’s just one of the trades hitting the tape from Tuesday’s incredible order flow…

    • Alibaba Group Holding Ltd – ADR (NYSE: BABA): June 17 $120 CALL.
    • JPMorgan Chase & Co. (NYSE: JPM): May 20 $131 CALL.
    • Aterian Inc. (Nasdaq: ATER): May 20 $10 CALL. 
    • Cenovus Energy Inc. (NYSE: CVE): May 20 $20 CALL. 
    • Virgin Galactic Holdings Inc. (NYSE: SPCE): April 22 $9 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… 

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If you’re one of the many American investors who feel cheated, you’ll want to check out what I have to say… 

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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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