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Bullish Buyers Back up the Truck for GM Calls After Double Downgrade

by | May 12, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take another look at unusual options activity in American automotive giant General Motors.

Auto stocks took a hit Thursday after analysts at Wells Fargo downgraded both Ford and GM. 

Two of the world’s biggest manufacturers were dropped to a “Sell” rating from their previous “Buy” status, along with substantial cuts in both stocks’ price targets.

The news shocked shares of GM, which dipped as much as 7% at Tuesday’s open.

Bullish institutional buyers pounced on the blue-chipper’s dip, with one trader scooping up around 7,500 contracts of the June 17 expiration, $38 strike calls for more about $900,000 in premium!

But if that doesn’t get your pistons pumping, I have three more trades waiting below…

    • The Boeing Co. (NYSE: BA): Nov 18, $85 PUT. 
    • New Residential Investment Corp. (NYSE: NRZ): June. 17, $10 PUT. 
    • General Motors Co. (NYSE: GM): June. 17, $38 CALL.
    • Lucid Group Inc. (Nasdaq: LCID): June. 17, $17 PUT. 

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’m pulling back the curtain on one of my favorite strategies I’ve used for more than a decade… 

And I’m confident that anyone can pick it up and start implementing it right away.

It doesn’t require any complicated software… or chart pattern memorization…

At my Insider Secrets Training Course, I’ll give my criteria for setting up a rock-solid trade idea, and walk everyone through the process step by step!

See Lance’s Secret

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

Lance Ippolito

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