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Bulls Bet $1M Apple’s Loss is Qualcomm’s Gain

by | Jun 28, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at semiconductor company Qualcomm after a spike in bullish activity.

It’s nice to see some bullish flow on an otherwise nasty day for tech stocks.

Shares of QCOM jumped as much as 7% on Tuesday after an analyst report claimed Apple Inc. (Nasdaq: AAPL) won’t be able to produce enough 5G modem chips for its  iPhones, leaving Qualcomm in a position to pick up the slack..

The speculation helped drive a surge of volume into Qualcomm stock and options trades on Tuesday.

Just before lunch my scanner spotted an institutional trader scooping up around 3,000 contracts of the Sept. 16 expiration, $150 strike calls for over $1 million in premium!

Of course that’s not the only name hitting the tape Tuesday…

    • Qualcomm Inc. (Nasdaq: QCOM): Sept. 16, $150 CALL. 
    • Amazon.com Inc. (Nasdaq: AMZN) July 1, $111.25 PUT.
    • Occidental Petroleum Corp. (NYSE: OXY): Aug. 19, $55 CALL.
    • Robinhood Markets Inc. (Nasdaq: HOOD): July 1, $9 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!

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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