In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at casino stock Las Vegas Sands as the company gets set to report earnings.
All week long we’ve been seeing boatloads of institutional order flow hit the tape as we move right into the heart of earning season as big names like Tesla Inc. (Nasdaq: TSLA), Alcoa and one of my favorite stocks — Las Vegas Sands — get ready to report after Wednesday’s bell!
Shares of LVS saw a nice pop over 4% Wednesday after news broke that Beijing will remove travel restrictions on Macau starting July 23.
The Chinese gaming hub has been on lockdown since July 11 to curb a coronavirus outbreak and the bullish news sparked a series of big money bets across the options chain!
At noon, my scanners spotted institutional buyers scoop up more than 1,400 contracts of the Oct. 21 expiration, $40 strike calls for more than $390,000 in premium!
And there’s more fantastic earnings flow where that came from…
- Alcoa Corp. (NYSE: AA): July 22, $46 CALL.
- Snap Inc. (NYSE: SNAP): July 29, $17.50 CALL.
- Fortinet Inc. (Nasdaq: FTNT): July 22, $65 CALL.
- Las Vegas Sands Corp. (NYSE: LVS): Oct. 21, $40 CALL.
- Amazon.com Inc. (Nasdaq: AMZN): July 22, $121 CALL.
- Freeport-McMoRan Inc. (NYSE: FCX): July 29, $30 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!
My Weekly Blitz Alerts strategy is off to a red-hot start and we’re barely a week into earnings season. If you’re not trading institutional order flow, then I don’t know what you’re doing!
To lean more about how I trade “Shadow Blitzes” like these as they hit the scanner, join me at 11 a.m. EDT on Thursday, July 21, for my Weekly Live Market Update!
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!