In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at online retailer Chewy as options activity picks up in select growth names.
It’s been another rough quarter for the once high-flying king of e-commerce pet supplies.
Chewy shares are trading around $31 — more than a 40% haircut since its most recent earnings… Ouch!
The way I see it, some of these high-growth names that spent the last year plummeting are starting to look attractive…
And Tuesday saw institutional buyers roll into the options looking for a bounce! One big swinger swept up around 1,300 contracts of the June 17 expiration $35 calls for about $281,000 in premium!
Of course, that’s not the only outsized bet on the table from Tuesday’s trading…
- Chewy Inc. (NYSE: CHWY): June 17 $35 CALL.
- EQT Corp. (NYSE: EQT): Sept. 16 $39 CALL.
- Las Vegas Sands Corp. (NYSE: LVS): May 6 $37 CALL.
And speaking of Las Vegas, for those of you in the area, I’ll be in Sin City next week to speak at “The MoneyShow” along with Joy of the Trade Head Trader Jeff Zananiri! You can get all the details here. Be sure to say “hey” if you’re there!
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. I’ll just cut to the chase…
Because I have something urgent to share…
Something that until today has been off-limits to most of my readers…
But it’s one of the most generous things I’ve ever done. Christmas came early this year!
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!