In Thursday’s Blitz Daily with Lance Ippolito, we take a look at EV infrastructure company ChargePoint after a post-earnings spike in trading volume.
The electric vehicle-correlated stocks continued their hot streak Thursday…
Shares of ChargePoint came to life, jumping as much as 12.5% on a delayed reaction to its better-than-expected first-quarter revenue at Tuesday’s earnings event.
Thursday saw traders pile into shares, moving more than 16 million — around a 68% increase from its 30-day average.
We spotted several sizable buys in the options chain, with one trader sweeping up more than 2,500 of the June 10 expiration, $13 strike calls for more than $110,000 in premium!
And that’s just one of the EV names hitting the tape, I have three more of Thursday’s top trades waiting inside…
And if you’re still hungry for more super sized options plays, I have two more of Wednesday’s top trades waiting below..
- Nikola Corp. (Nasdaq: NKLA): June 10, $7 CALL.
- ChargePoint Holdings Inc. (NYSE: CHPT): June 10, $13 CALL.
- Pan American Silver Corp. (Nasdaq: PAAS): October 21, $20 CALL.
- Enovix Corp. (Nasdaq: ENVX): July 15, $10 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 wires like these over the weekend, check out my Wiretap 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 in this stock leading up to this news…
And I want to share all the details with you — including 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!