I Can’t Believe We Saw This Jaw-Dropping $1.2M Options Bet Hit LIVE!

by | Jul 21, 2022 | Options

In Wednesday’s Blitz Daily with Lance Ippolito, we take another look at social media company Snap Inc. as order flow volume exploded ahead of earnings…

It’s been another amazing day of trading — how long can the markets keep this up? I don’t have a crystal ball, but this order flow is just incredible, and our strategies have been crushing it!

Wins have been piling up in names like NortonLifeLock Inc. (Nasdaq: NLOK), Amazon.com Inc. (Nasdaq: AMZN), World Wrestling Entertainment Inc. (NYSE: WWE) and Las Vegas Sands Corp. (NYSE: LVS), which have all seen big earnings moves so far this season…

But one name that’s been slamming my scanners all month long is Snap.

Our Weekly Blitz Alerts strategy has already taken profits on two different trades in the July 22 expiration, $15 strike calls…

And when I thought the flow couldn’t get any hotter, the bulls rocked the Blitz Tracker with another monster options buy, right in front of our amazing New Money Crew followers during my Weekly Live Market Update

Big-money traders snapped up around 8,000 contracts of the July 29, $16.50 call options for a jaw-dropping $1.25 million in premium, just hours before Snap reported earnings after Thursday’s bell!

All I can say is… if you’re not following this flow — what the heck are you doing?!

It’s been one degenerate options play after another… and I LOVE it! Just look at this order flow…

    • Nvidia Corp. (Nasdaq:NVDA): July 22, $182.50 CALL.
    • Snap Inc. (NYSE: SNAP): July 29, $16.50 CALL.
    • PayPal Holdings, Inc. (Nasdaq: PYPL): July 29, $83 CALL.
    • NetEase Inc. (Nasdaq: NTES): Aug. 19, $110 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 through earnings season, check out my Weekly Blitz Alerts strategy! We’re off to a red-hot start, and there’s a lot more earnings events to come!

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

What to read next

Have any questions? Contact Our Customer Service Team