Twitter Shorts Heat up After Musk Gets Cold Feet

by | Jul 11, 2022 | Options

 

In Monday’s Blitz Daily with Lance Ippolito, we took a look at communications stock Twitter as its buyout deal takes a turn for the worse.

In case you missed it at the start of April, Twitter CEO Elon Musk turned heads by taking a sizable position in the struggling social media company, sending the stock soaring over 20% overnight… 

Since the initial announcement, it’s been a will-they or won’t-they relationship between the social media platform and its billionaire superstar attraction.  

Musk offered a $44 billion buyout — which the company accepted on April 25 — but has threatened for weeks to cancel the deal before announcing his withdrawal late Friday. 

The news helped drop shares more than 9% Monday as the bears lined up to get in on the bloodbath. 

My scanners spotted institutional players spending around $235,000 in option premium on over 800 contracts of the Aug. 19 expiration, $34 strike puts! 

Of course, Monday wasn’t all bearish order flow — even with the tech-heavy Nasdaq falling more than 2%.  In fact, I had a massive bullish trade hit right in the middle of making Monday’s video! 

    • Apple Inc. (Nasdaq: AAPL): July 15, $42 PUT.
    • Advanced Micro Devices Inc. (Nasdaq: AMD): July 22, $76 PUT.
    • Tenaris SA (NYSE: TS): Aug. 19, $27.50 CALL.
    • Sea Ltd. (NYSE: SE): July 15, $76 PUT.
    • Twitter Inc. (NYSE: TWTR):  Aug. 19, $34 PUT.
    • Nio Inc. (NYSE: NIO):  Aug. 19, $20 PUT.

Check out the short video, see me slam some calls and I’ll break down the day’s most unusual options order flow in no time flat! 

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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

WRITTEN BY
Lance Ippolito

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