Fast Food Buyout Rumor Has Traders Booking Super-Sized Options Plays

by | May 26, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at fast food retailer Wendy’s as shares continue to breakout.

Markets are ripping higher Thursday with some fantastic moves in most stocks… 

Shares of Albertsons are up around 3.5% since our feature from Tuesday’s Blitz Daily. Those June 17 expiration, $28 strike calls were up over $3 last I checked — if you took the trade, drop me a line at lance@newmoneycrew.com and let me know how you did!

Wendy’s is another stock that’s been tearing up the charts over the past two days after Trian Fund management — the company’s largest shareholder — announced it is on the hunt for a potential acquisition.

The news sparked a 15%, two-day rally with bullish traders piling into shares and call options

Thursday saw institutional traders order up the June 17, $18 calls — grabbing around 1,300 contracts for $150,000 in premium!

And that wasn’t the only name seeing unusually heavy options buying during Thursday’s session. I have three more hot trades waiting below…

    • Alibaba Group Holding Ltd. (NYSE: BABA): May 27, $91 CALL. 
    • The Wendy’s Co. (Nasdaq: WEN): June 17, $18 CALL.
    • Chevron Corp. (NYSE: CVX): May 27, $91 CALL.
    • ChargePoint Holdings Inc. (NYSE: CHPT): June 3, $12 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 Shadow Blitzes like these as soon as I see them, check out my Weekly Blitz Alerts strategy!

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Get the Details

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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