Bullish Traders Pile on as Growth Names Squeeze Higher

by | Jun 21, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at online brokerage platform Robinhood Markets as tech names catch a bid.

I said it everywhere I could this past week… If energy keeps tanking, look out for the tech and memestonk junk names to squeeze higher — and that’s exactly what happened Tuesday!

It is risk-on out there in the markets. Almost any growth and junk stock you can name is on a run, including Robinhood.

Shares of the floundering trading platform came screaming out the gate Tuesday, hitting highs over the $8 mark — more than 11.5% above Friday’s closing price!

The tech name flashed on my scanners less than 30 minutes into the open, with big swingers dropping over $110,000 in premium on over 3,700 contracts of the July 1 expiration, $8 strike calls!

Of course, that wasn’t the only growth name hitting the tape Tuesday. I have two more top trades waiting below… 

    • Robinhood Markets Inc. (Nasdaq: HOOD): July 1, $8 CALL. 
    • Coinbase Global Inc. (Nasdaq: COIN): June 24, $60 CALL.
    • Amazon.com Inc. (Nasdaq: AMZN): June 24, $112 CALL.

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

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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

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