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Options Activity Explodes as Exxon Gushes Over $100

by | Jun 7, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at top energy name Exxon Mobil after its analyst upgrade.

With energy prices continuing to rip higher, everything seems to be bouncing Exxon’s way — especially its stock price.

Tuesday saw shares up more than 4%, breaking the $100 mark for the first time since 2014  after analysts at Evercore upgraded its price target on the blue-chip stock from $88 to $120!

This tells us there could still be an upside from where the stock is trading right now to be had… 

The bulls piled into the options chain as the stock hit multi-year highs with one institutional buyer sweeping up more than 580 contracts of the June 10 expiration, $100 strike calls for around $118,000 in premium!

Of course that’s just one of the names hitting Tuesday tape…

  • ChargePoint Holdings Inc. (NYSE: CHPT): July 15, $15 CALL. 
  • Exxon Mobil Corp. (NYSE: XOM): June 10, $100 CALL.
  • Snap Inc. (NYSE: SNAP): July 15, $18 CALL.
  • Meta Platforms Inc. (Nasdaq: FB): June 10, $200 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. Obscure ‘Market Pattern’ Opening

What’s about to happen in the stock market will catch everyone by surprise…

Because most folks have no clue about this bizarre market discovery!

That’s why I’ve put together an urgent message to share the important details behind what’s coming, and how to prepare — right now!

Don’t Waste a Second

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!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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