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Bulls Buy the Blood on Tech and Energy Names

by | May 19, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at electric vehicle name Rivian after a spike in option buying.

Thursday saw order flow rotate into beaten-down growth stocks as markets digested Wednesday’s steep sell-off…

The break in the volatility storm hit at the right time for EV-maker Rivian as the company announced a new influx of financing for a manufacturing facility in Saudi Arabia.

The news helped shares jump as much as 11.4% from Wednesday’s closing price, sending the bulls storming up and down the options chain!

Traders piled into the Aug. 19 expiration, $40 strike calls trading around 1,800 contracts for more than $275,000 in premium!

Of course that wasn’t the only growth name hitting the tape today. I have more top trades waiting below…

    • Rivian Automotive Inc. (Nasdaq: RIVN): Aug. 19, $40 CALL. 
    • Roblox Corp. (NYSE: RBLX): May 27, $35 CALL. 
    • Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS): June. 17, $15 CALL.

Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat! 

And if you’re looking for more trades burning up the wire, my latest indicator spotted a big repeat buy in an under-the-radar energy stock. Get more details on the stock and the new indicator right here.

P.S. My team and I have been working on a brand-new trading indicator for the better part of this year… 

We’ve code-named this initiative Project X.

But before we roll it out as a full-blown trading strategy, we need to make sure the system is as rock solid as we believe it to be…

So far, our system has signaled winning positions in TSLA, AMD, COIN, UPST and PYPL.

Now I want to take our testing to the next level — and I need your help!

I’m looking for around 100 traders interested in beta testing this new indicator over the next couple of months. 

Of course, I don’t expect traders to jump in sight unseen, so I’ve put together a small demonstration on how it works…

See My System in Action

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!

*Past performance is not indicative of any future results. Trade at your own risk. From Feb. 25, 2022, through May 4, 2022, five winning positions were issued while four remain open. The average rate of return was 38.33% over a seven-day hold time.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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