loader image

Is This Footwear Giant About to Be Back in Style?

by | Mar 16, 2022 | Options

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at sports footwear and apparel company Nike ahead of its third-quarter earnings report after the bell on March 22.

Shares fell more than 20% this year due to investor concerns regarding supply chain constraints and other issues. But the stock could be in for a big rebound… 

Credit Suisse analyst Michael Binetti recently reiterated his outperform rating on the stock, setting a price target of $160 per share, which would represent a 28% gain from its current price near $125. 

And it seems he’s not the only one who thinks the stock is going up… 

We’re seeing institutional traders coming in to buy up the March 25 $135 strike calls for about $125,000 in premium. 

Of course, if Nike isn’t your style, I have a few more trades seeing institutional order flow…

    • Alibaba Group Holding Ltd. (NYSE: BABA): March 18 $105 CALL. 
    • Bank of America Corp. (NYSE: BAC): March 18 $43 CALL.
    • Nike Inc. (NYSE: NKE): March 25 $135 CALL.

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. Do hedge funds place risky bets and cross their fingers?

Of course not…

They want consistent profits.

That’s why they take advantage of a little-known market “error,” that flips the odds in their favor

After learning this trick on Wall Street, I perfected a formula anyone can use to do this exact same trick…

From their cell phone brokerage account!

Learn the Point30 Formula

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

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team