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Bullish Options Traders Hunt for a Pipeline to Bigger Gains

by | Aug 24, 2022 | Options

In the first half of Wednesday’s trading, it looked like we might see markets break loose for a small run higher… 

Then a massive sell program hit midday, sending the major indexes straight back into the mud. 

About the only sector that hasn’t been swept up in the recent sideways action is Energy… 

While the Nasdaq and S&P 500 are treading water this week, the Energy Select Sector SPDR Fund (NYSE Arca: XLE) held its uptrend, churning as much as 5.5% higher from Monday’s open. 

 One name seeing a spike in options volume is our old friend Energy Transfer, with shares up as much as 2.5% as traders moved more than 100,000 options contracts Wednesday — 27% over its 30-day average volume. 

About 30 minutes into Wednesday’s trading, my scanners spotted big-money traders piling into the dirt-cheap options chain, scooping up 27,800 contracts of the Sept. 2 expiration, $12.50 strike calls for around $500,000 in options premium! 

And if that isn’t enough order flow to get you fueled up, I have more outsized options trades waiting inside… 

  • Energy Transfer LP (NYSE: ET): Sept. 2, $12.50 CALL. 
  • Farfetch Ltd. (NYSE: FTCH): Sept. 16, $8.00 PUT. 
  • Allegiant Travel Co. (Nasdaq: ALGT): Sept. 16, $95 PUT.

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat! 

P.S. I have to imagine that most traders don’t know what it’s like to win nine trades in a row. 

I mean, most folks are thrilled with three in a row — But NINE*, that’s almost unheard of…

To say it’s been easy would be a lie…

But here we are — nine* amazing wins while most folks are getting their clocks cleaned. And all of them have come in the month of August! 

At 11 a.m. EDT on Thursday, Aug. 25, I’ll reveal the secret behind these nine straight winners…

It has nothing to do with breakouts, penny stocks, technical indicators or momentum…

But rather a particular time of the week… 

See My Secret

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!

*Stated results are not typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From Sept. 24, 2021, through Aug. 24, 2022,, the average win rate was 69.7%. The average return on options was 14.5% over a three-day average hold time.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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