In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at hydrogen fuel cell company Plug Power.
The traditional energy names are surging amid a market sell-off as crude oil prices rebound Tuesday.
While that trend hasn’t carried over to alternative energy companies, institutional traders haven’t shied away from buying the blood!
Tuesday’s trading saw a string of bullish bets on beaten-down renewable power names including Plug Power.
An hour into the open, the Blitz Tracker spotted institutional traders sweeping up around 7,000 contracts of the PLUG May 20 expiration $23.50 strike calls for more than $1.2 million!
And if that doesn’t get you charged up, I have two more of Tuesday’s top options trades hitting the tape right inside…
- Plug Power Inc. (Nasdaq: PLUG): May 20 $23.50 CALL.
- SunPower Corp. (Nasdaq: SPWR): Sept. 16 $20 CALL.
- DoorDash Inc. (NYSE: DASH): April 29 $86 PUT.
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. The world’s biggest companies are set to report this week. And with all of the factors weighing on the market this earnings season, traders need every advantage they can get…
So be sure to catch my FREE “Unusual Options Activity Workshop: Earnings Edition,” while there’s still time!
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.