In Thursday’s Blitz Daily with Lance Ippolito, we take a look at top logistics company FedEx as bullish options activity heats up ahead of earnings.
The company has struggled to keep up with its brown-brand top competitor UPS of late, but there could be something more going on underneath the hood…
FedEx is due to report earnings after the close on Thursday, March 17. Analysts expect an average of $4.67 per share in earnings for the quarter.
If the company can meet those expectations, that’s a positive year-over-year growth rate of 34.6% (it reported earnings of $3.47 per share in the same quarter last year).
It seems the big-money traders have confidence in FedEx’s ability to do just that —buying around 500 contracts of the March 18 $217.50 strike calls for more than $529,000 worth of premium!
Of course that wasn’t the only order flow hitting the tape Thursday. I have two more massive options trades waiting below…
- FedEx Corp. (NYSE: FDX): March 18 $217.50 CALL.
- Yum China Holdings Inc. (NYSE: YUMC): March 18 $42.50 CALL.
- Teck Resources Ltd. (NYSE: TECK): April 14 $41 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 big trades like these through the weekend, check out my Wiretap Alerts strategy!
P.S. Very few people know this, but almost 90% of trades in today’s market are controlled by algorithmic systems…
So people not taking advantage of them are missing out!
But don’t worry, WealthPress Senior Strategist Roger Scott has designed the algo with an edge over the market… And he’s ready to show everyone exactly how to apply this same edge to their own trading…
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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!