In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at oil and gas company Southwestern Energy after shares rallied after its recent stock upgrade.
Regional natural gas producer Southwestern Energy earned an upgrade from analysts at Bank of America on the heels of its solid earnings report on Feb. 24, and a surging energy market.
Southwestern’s rating improved from “underperform” to “neutral,” and its price target leaped from $5 to $9 in the release.
The news helped pop the stock as high as 11% over Monday’s closing price and had options traders rushing in to capitalize on the bullish outlook! The Blitz Tracker spotted one trader grabbing around 3,300 of the June 17 $8 strike call option for more than $152,000 in premium!
Of course, Southwestern wasn’t the only energy company hitting the tape Tuesday… I have two more top options plays waiting inside…
- Cameco Corp. (NYSE: CCJ): May 20 $24 CALL.
- Southwestern Energy Co. (NYSE: SWN): June 17 $8 CALL.
- Transocean Ltd. (NYSE: RIG): Jan. 20, 2023 $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 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!