In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at homebuilder stock PulteGroup as it trades higher on the heels of its recent analyst upgrade.
Homebuilder stocks took a beating at the start of 2022, but fortunes are turning around for PulteGroup.
Shares have climbed more than 17.4% from last week’s lows and opened the week with an analyst upgrade from Bank of America.
Its momentum has caught the attention of bullish traders who have been piling into the options chain the past several sessions. The Blitz Tacker spotted one trader sweeping up over 1,900 contracts of the April 14 $50 strike calls for more than $560,000 in options premium!
Of course that wasn’t the only name printing paper on Wednesday… I have two more top options trades lined up and waiting below…
- PulteGroup Inc. (NYSE: PHM): April 14 $50 CALL.
- Nutanix Inc. (Nasdaq: NTNX): March 4 $27 CALL.
- Micron Technology Inc. (Nasdaq: MU): March 11 $95 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
To find out how I trade Shadow Blitzes like these as soon as I see them, tune in for my 24-Hour “Shadow Blitz Summit”!
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!