Chinese Stocks Were Tanking… And BEKE Buyers Smelled Blood

by | Mar 17, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at Chinese real estate stock KE Holdings after a substantial pullback worked the bulls into a frenzy.

After all the selling we’ve seen so far in 2022, it’s been a surprising, bouncy week for the stock market.

It seems like every category of stocks on the exchange have had their moments in the sun… But few corners of the market have been as explosive as Chinese ADR stocks.

Earlier this week, Beijing announced it would stabilize its struggling stock market and real estate sector in addition to working with American regulators in support of keeping shares of Chinese companies listed in the U.S.

Wednesday’s news helped send beaten-down KE Holdings into orbit for a 64% gain!

But we all know things never go up in a straight line. Thursday saw BEKE shares fell as much 22% from Wednesday’s closing price, and bullish options traders jumped on the pullback!

The Blitz Tracker spotted one institutional buyer sweeping up around 1,800 contracts of the April 14 $10 strike calls for more than $230,000 in premium!

Of course, this wasn’t the only outsized trade hitting the tracker today…

    • KE Holdings Inc. (NYSE: BEKE): April 14 $10 CALL. 
    • Coupang Inc. (NYSE: CPNG): March 18 $19 CALL.
    • Pfizer Inc. (NYSE: PFE): March 25 $53.50 CALL.’
    • Pure Storage, Inc. (NYSE: PSTG): April 14 $35 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!

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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!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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