In Monday’s Blitz Daily with Lance Ippolito, we take a look at financial technology and online payments company PayPal, which is now down a staggering 66% from its previous highs.
2021 was a great year for the company, which benefited from increased online activity and payments during pandemic-related lockdowns.
Unfortunately, the stock has been beaten down in recent months, as December saw weaker-than-expected consumer spending and management lowered future guidance.
But it seems insiders have confidence in their company, with CEO Dan Schulman and other executives buying up several million dollars worth of stock in recent weeks.
And not to be left out of the loop, big-money traders are following suit, stepping in to buy up the March 4 $111 strike calls, grabbing around 1,000 contracts for more than $270,000 in premium!
If PayPal isn’t your preferred payments provider, we have a lot more institutional order flow to look at today…
- PayPal Holdings Inc. (Nasdaq: PYPL): March 4 $111 CALL.
- Uber Technologies Inc. (NYSE: UBER): March 18 $38.50 CALL.
- Advanced Micro Devices Inc. (Nasdaq: AMD): March 4 $126 CALL.
- Freeport-McMoRan Inc. (NYSE: FCX): March 18 $48 CALL.
- Bank of America Corp. (NYSE: BAC): April 14 $47 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
To find out how I trade Shadow Blitzes like these as soon as I see them, tune in at 1 p.m. EST on Wednesday, March 2, for my LIVE 24-Hour “Shadow Blitz Summit”!
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!