Forget Boring Bank Stocks, Follow the Options Flow…

by | Jul 14, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at top tech stock Apple as options activity heats up heading into earnings.

Earnings season is back and claiming its first casualties as big banks failed to impress Thursday morning… 

And who said to avoid the boring banks during Wednesday’s WealthPress Live Roundtable? You bet I did!

Sure, those stocks might have a great book value, but that didn’t keep those financial names from getting crushed!

Not like I’d be interested in trading those stocks. As you know, I’m an aggressive trader.

My strategies don’t target long-term investments that lock up cash for months or years. Instead, I follow institutional order flow into short-term, inexpensive options because the way I see it, they offer better reward for the risk!

So where am I seeing aggressive flow Thursday? Well look no farther than the King of the Tech world, Apple.

The iPhone maker is set to report earnings in just two weeks at its July 28 event, and bullish traders laid down a massive bet that Apple will come out on top…

Big money traders came in and scooped up around 1,200 contracts of the Aug. 22 expiration, $155 strike calls for about $300,000 in premium!

And there were other big-money options flow that caught my attention today. There’s two more trade ideas waiting below…

  • Apple Inc. (Nasdaq: AAPL): Aug. 26, $155 CALL.
  • Meta Platforms Inc. (Nasdaq: META): July 15, $157.50 CALL.
  • Six Flags Entertainment Corp. (NYSE: SIX): Aug. 19, $22.50 CALL.

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! 

And to find out how I trade “Shadow Blitzes” like these through earnings season, check out my Weekly Blitz Alerts strategy!

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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