In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at continued earnings season flow in IT service management company Marqeta.
Marqeta is a payment processing and card issuing platform that acts as a bridge between traditional payment processors and more disruptive companies like Affirm, DoorDash and Square.
As an example of what Marqeta does, the company partnered with Square to introduce the Square Card for small business owners. With this card, owners can access their earnings immediately and without paying additional fees to do so, allowing them to reinvest in their business to keep it running.
And it seems the smart money is looking for Marqeta to continue to innovate in the fintech space. With the company due to report earnings on May 11, the big money came in to drop almost $250,000 on around 3,700 contracts of the May 20 expiration $7.50 strike calls!
With the stock currently trading around $7 per share, they’re looking for an upward move of more than 7% following the company’s earnings report.
If you don’t find Marqeta to be a game-changer, I have more order flow hitting the tape…
- Marqeta Inc. (Nasdaq: MQ): May 20, $7.50 CALL.
- Western Digital Corp. (Nasdaq: WDC): May 13, $60 CALL.
- PG&E Corp. (NYSE: PCG): Sept. 16, $14 CALL.
- Lucid Group Inc. (Nasdaq: LCID): June 17, $16 PUT.
Check out my short video with special guest Joy of the Trade Head Trader Jeff Zananiri and we’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. We’ve all been there before… You buy the dip in your favorite stock…
But then that dip turns into a correction, and then that correction turns into a crash.
Before you know it, two to three months of gains are wiped out in two or three days.
This is what we call blowing up an account… And we see new traders make this mistake all the time.
The key here is to protect yourself by using a built-in hedge…
The hedge allows you to take full advantage of the potential upside, but when the market crash finally does come… you’re more protected.
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!
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.