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Bullish Options Traders Turn to Pfizer to Cure Bear Market Blues

by | Mar 14, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take a look at pharmaceutical giant Pfizer after new lockdown headlines spread through the media.

We may be done with the omicron variant but by the looks of news coming out of China, it’s not quite done with us.

The People’s Republic is experiencing its largest outbreak since the early days of the pandemic. More than 10,000 cases of omicron have been reported since the start of March. The spike in cases pushed officials to lockdown two major cities, including Shenzhen, a big tech hub.

The news sparked a rally in several of the coronavirus plays including top vaccine name Pfizer. PFE saw shares jump more than 4% Monday while the Blitz Tracker spotted one institutional buyer scoop up more than 3,800 contracts of the March 18, $53 strike calls for around $120,000 in premium!

Of course, if you’re sick of trading pharma names, I have other top trades waiting below…

  • Pfizer Inc. (NYSE: PFE): March 18 $53 CALL. 
  • Moderna Inc. (Nasdaq: MRNA): April 22 $220 CALL.
  • Coupang Inc. (NYSE: CPNG): March 18 $17 CALL.
  • NortonLifeLock Inc. (Nasdaq: NLOK): March 18 $28 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!

P.S. With the stock market as choppy as it’s been…

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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!  

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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