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Bearish Traders Tear Into Nvidia After Chipmaker Chokes in Q2

by | Aug 8, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take another look at chipmaker Nvidia ahead of its second-quarter financials.

Monday’s markets were volatile out of the gate to start the week! 

Tech names and meme junk stocks are making massive moves, and the order flow was insane… 

Shares of top semiconductor name Nvidia plummeted after the company guided lower for the year ahead of its Aug. 24 Q2 earnings report. 

The stock dropped more than 8% on the news, and the bears came from miles around to sink their teeth into the wounded tech name. 

My scanner spotted one trader pounce on 1,500 contracts of the Nov. 19 expiration, $182.50 strike puts for about $910,000 in premium! 

And that’s just one of the top tech trades hitting the tape Monday… 

  • NVIDIA Corp. (Nasdaq: NVDA): Aug. 19, $182.50 PUT.
  • Roblox Corp. (NYSE: RBLX): Aug. 12, $53 CALL.
  • Meta Platforms Inc. (Nasdaq: META): Aug. 12, $177.50 CALL.

Check out my short video and I’ll break down the day’s most unusual options order flow, and how to handle volatile markets like this in no time flat! 

P.S. We thought we’d seen just about everything inside financial markets…

But this is on a whole new level!

In the past few years, these tiny arrows have made some incredible calls in the stock market…

And now, they’re causing a big stir!

See How It Works

Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, 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!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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