Spotted: A Massive Buy in This Chipmaker

by | Jun 14, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at semiconductor name Qualcomm after receiving a bullish new price target.

Things are looking up for the chipmaker on Tuesday on the heels of a new analyst report from KeyBanc Capital.

The report cites Qualcomm’s agreements to supply top mobile phone-makers Apple and Samsung with processors and 5G modems as reasons to raise earnings expectations by 3.8% for the fiscal year to $13.74 per share.

The news helped QCOM shares rise as much 2.3% higher Tuesday, sparking bullish call buying with one trader sweeping up around 750 contracts of the June 17 expiration, $132 strike calls for over $200,000 in premium!

And there’s more outsized institutional order flow waiting below…

    • DISH Network Corp. (Nasdaq: DISH): July 15, $17.50 CALL. 
    • Qualcomm Inc. (Nasdaq: QCOM): June 17, $132 CALL.
    • Antero Resources Corp. (NYSE: AR): June 17, $40 PUT.

And to find out how I trade wires like these over the weekend, check out my Wiretap Alerts strategy!

P.S. With these intense market conditions, some mornings it’s hard to find the inspiration to get out of bed, let alone trade…

But six months ago, WealthPress Senior Strategist Roger Scott chose to ignore all the noise, and he set out on a mission. 

He wanted to bring his readers something brand-new… Roger had a vision for an entirely new way to trade… 

One that doesn’t require any sort of technical indicators or fundamental analysis… And it has shocked him to his core. 

Get Your Seat for the Premiere

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

WRITTEN BY
Lance Ippolito

What to read next

Have any questions? Contact Our Customer Service Team