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Bullish Options Traders Turn to Energy as Market Wavers

by | Aug 29, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take a look at top energy name Exxon Mobil as oil prices move higher.

Markets saw more choppy conditions Monday, with the major indexes catching a midday rally after gapping down as much as 1% from Friday’s close.

Energy names continue to climb through the volatile conditions after Saudi Arabian officials signaled the country may cut production late last week.

With oil prices surging, supermajor oil company Exxon Mobil is among the biggest movers in the sector, with shares jumping over 3% to start the week and sparking massive bullish bets in the options chain.

Just 30 minutes after Monday’s opening bell, my scanners spotted institutional traders sweeping up over 900 contracts of the Sept. 2 expiration, $102 strike calls for more than $105,000 in premium!

Of course, that’s not the only outsized options flow rolling in Monday… 

  • Exxon Mobil Corp. (NYSE: XOM): Sept. 2, $102 CALL. 
  • United Airlines Holdings Inc. (Nasdaq: UAL): March 17, 2023, $29 PUT. 
  • Affirm Holdings Inc. (Nasdaq: AFRM): Oct. 21, $20 PUT.
  • Boeing Co. (NYSE: BA): Sept. 2, $165 PUT.

And to find out how I trade wires like these over the weekend, check out my Wiretap Alerts strategy!

P.S. We thought we’d seen just about everything inside the 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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