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Bulls Bet Big on Commodities as War Continues to Crush the Market

by | Mar 7, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take another look at energy stock Occidental Petroleum as oil prices continue to soar as a result of the war in Ukraine.

With oil heading toward prices the market hasn’t seen in 15 years along with ridiculous volatility, energy names are flooding the Blitz Tracker to start the week…

One name that continues to stand out is our good friend and weekend watchlist member Occidental Petroleum, which hit new 52-weeks highs in the premarket before pulling back 18% by midday.

The massive price swing only seemed to encourage bullish options traders as several big bets hit the Blitz Tracker during Monday’s session. Our scanner spotted one trader sweeping up around 1,000 contracts of the March 18 $60 strike calls for more than $215,000 in premium!

And if the oil market is too wild for your taste, I have two more top trades burning up Monday’s tape…

  • Occidental Petroleum Corp. (NYSE: OXY): March 18 $60 CALL. 
  • CBOE Global Markets Inc. (BATS: CBOE): March 18 $117 PUT.
  • Pinterest Inc. (PINS): Sept. 16 $30 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 soon as I see them, 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

WRITTEN BY
Lance Ippolito

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