In Thursday’s Blitz Daily with Lance Ippolito, we take a look at iconic coffee shop company Starbucks ahead of its investor conference on March 16.
Starbucks shareholders will have a lot to talk about at their annual meeting…
The stock has taken a hefty 21% haircut so far this year in part due to recent labor relations struggles after two Buffalo, New York, franchises voted to unionize in December.
With shares slipping around 1.5% Thursday, bullish options traders went bottom-fishing. One trader scooped up more than 3,000 contracts of the March 18, $93 strike calls for around $194,000 in premium!
Of course if Starbucks isn’t to your taste, I have four more piping-hot trades ready to go…
- Starbucks Corp. (Nasdaq: SBUX): March 18 $93 CALL.
- Cleveland-Cliffs Inc. (NYSE: CLF): March 18 $26 CALL.
- U.S. Steel Corp. (NYSE: X): March 18 $32 CALL.
- The Gap Inc. (NYSE: GPS): March 18 $13.50 PUTS.
- Freeport-McMoRan Inc. (NYSE: FCX): March 11 $48 CALL.
To find out how I trade Shadow Blitzes like these as soon as I see them, tune in for my “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!