In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at packaged food powerhouse Kraft Heinz after a spike in options activity.
Shares of the condiment king took a step back on Wednesday from a small three-day, 3.5% rally.
Food and beverage names like Kraft Heinz are often a flight to safety in uncertain markets; however, the stock has spent the past two weeks trying to find support after inflation fears drove a massive 16% sell-off between May 13 and May 26.
Bullish traders came out of the woodwork Wednesday to buy the blood in the low-beta name. We spotted buyers gobbling up the June 3 expiration, $39 strike calls by the bucket load. More than 85,000 contracts of those weekly options have traded on the day — more than six times KHC’s 30-day average volume on that strike alone!
And if you’re still hungry for more super sized options plays, I have two more of Wednesday’s top trades waiting below..
- The Kraft Heinz Co. (Nasdaq: KHC): June 3, $39 CALL.
- Antero Resources Corp.(NYSE: AR): June 17, $42 CALL.
- UiPath Inc. (NYSE: PATH): June 17, $20 PUT.
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 soon as I see them, check out my Weekly Blitz Alerts strategy!
P.S. A story has been unfolding behind the scenes… One unlikely stock is set for a potential buyout.
If the rumors are true – traders need to be aware!
Luckily, I’ve been following the story along with the bevy of options activity on this stock leading up to this news…
And I want to share all the details with you — including TWO specific option calls to play this coming news!)
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!