In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at e-commerce king Amazon as tech names rally to start the week.
We’ve got a boatload of institutional options orders hitting the scanners Tuesday — you love to see it!
At the top of that list is Amazon! The retail behemoth is helping lead the charge along with other FAANG stocks that were pummeled during the second quarter of 2022.
Amazon shares are up 3.5% Tuesday in the run-up to its annual Prime Day sales event, as leadership looks to pull the stock out of its slump — having shed 33% of its value since April 1, even after a 20-for-1 stock split.
Tuesday’s bounce attracted the attention of institutional buyers on the hunt for fast-moving plays, and they found what they were after!
Less than an hour into Tuesday’s open, our scanners spotted big-money traders peppering weekly call options, with one buyer grabbing over 1,500 contracts of the July 8, $111 call options for over $410,000 in premium!
Our Weekly Blitz Alerts strategy took a position closer to the money in the AMZN July 8 expiration, $109 strike call options. Those babies opened Tuesday at just $1.66 a contract before rocketing nearly $4 higher, peaking at $5.60 — a 237% peak gain on the day!
I’ve said it over and over again… these tech and junk names are where traders want to be long, and that’s why I love trading them… Those high-beta and high-short-interest stocks are getting big moves, and the options chains are seeing multiplied returns in those short-term options!
The way I see it, it’s the greatest way to trade!
And if you like that flow, I’ve got three other hot-ticket trades from Tuesday’s tape that you need to see right now!
- Amazon.com Inc. (Nasdaq: AMZN): July 8, $111 CALL.
- Roblox Inc. (NYSE: RBLX): July 15, $39 CALL.
- Ford Motor Co. (NYSE: F): July 2, $11 PUT.
- Marathon Oil Corp. (NYSE: MRO): July 8, $77 CALL.
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 they hit the scanner, check out my Weekly Blitz Alerts strategy!
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!