In Monday’s Blitz Daily with Lance Ippolito, we take another look at trading platform Robinhood Markets after an analyst upgrade.
This past week we saw Robinhood stock soar as part of a massive short squeeze in growth names…
But while other junk names are slowing down Monday, shares of HOOD are climbing again after rumors of a potential acquisition from crypto exchange from FTX hit the headlines Monday.
The news helped propel shares of the online broker to a high of $8.96 Monday — a 12% jump from Friday’s closing price — and launched another round of big institutional buying before getting halted late Monday afternoon!
Right as I entered my trade room, Bullish traders reached deep into their pockets and shelled out over $275,000 in premium for more than 3,400 contracts of the Aug. 19 expiration, $9 strike calls!
This is why we trade order flow!
And that’s not the only name seeing incredible buying Monday…
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- Robinhood Markets Inc. (Nasdaq: HOOD): Aug. 19, $9 CALL.
- Carvana Co. (NYSE: CVNA): July 1, $32 CALL.
- Riot Blockchain Inc. (Nasdaq: RIOT): July 1, $5 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 “Shadow Blitzes” like these as they hit the scanner, check out my Weekly Blitz Alerts strategy!
P.S. One Trade Per Week Could Save Your Summer!
It’s summer and I don’t know about anyone else…
But being inside on my computer hovering over the markets, news and my brokerage account is the LAST thing I want to be doing.
Life is too short for hard-working traders to be wasting all our time staring at stock charts…
So it’s time for everyday traders to ditch their screens and enjoy the simple freedoms of life!
And it couldn’t be more straightforward…
One Stock. One Trade. One Chance Each Week.
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!
