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Teva Clears Legal Clouds Over Florida, Sends Stock Soaring

by | Mar 31, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at generic pharmaceutical manufacturer Teva after its recent legal settlement.

It’s been a sloppy day of trading and I’m having a hard time maintaining my positivity right now… The Nasdaq is headed back down after flirting with its 200-day average, and order flow has fallen off the table.

One of Tuesday’s bright spots has been in pharma… of all places, with Isreali name Teva catching some positive news.

The company reached a settlement with the state of Florida over its contributions to the ongoing opioid epidemic. News of the finalized deal helped shares on their way to a 7.5% rally on Wednesday. 

The bulls carried that momentum into Thursday’s session, with the Blitz Tracker spotting heavy trading in the long-dated, Sept. 16 expiration $14 strike calls!

And even though it’s a slow day, that’s far from the only flow hitting the scanner…

    • Marathon Oil Corporation (NYSE: MRO): May 20 $23 PUT.
    • United Airlines Holdings Inc. (Nasdaq: UAL): April 1 $47 CALL.
    • Teva Pharmaceutical Industries Ltd. (NYSE: TEVA): Sept. 16 $14 CALL.
    • PVH Corp. (NYSE: PVH): Jan. 20 2023 $82 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. I rarely get excited about a single stock…

But there’s one company that should be on everyone’s radar right now…

It typically performs well around elections…

And with the midterm primaries around the corner… I see the future looking bright for this company…

That’s why it’s my No. 1 Accelerator Stock for April 2022.

Get the details here.

*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.

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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