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1 Trader Bets $23.2 MILLION Tech Titan Apple Takes a Dive By April

by | Nov 2, 2022 | Options

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at top tech stock Apple as the Chinese quarantine impacts iPhone production.

Fed Day is finally here… And you all know what that means — more selling!

Markets gapped down at the open and melted lower in the hours leading up to Wednesday’s Federal Open Market Committee interest rate announcement.

The order flow slowed with the markets, but that didn’t keep some massive orders from hitting Wednesday’s tape.

We saw a lot of bearish flow hit Apple after Chinese officials tightened the lockdown on an area containing a major iPhone manufacturing plant.

AAPL chart (Blitz Daily With Lance Ippolito)

Wondering what those little arrows mean and how they can help improve your trading? Get the details here!

The news helped shares of the tech titan dip as much as 3.5% from Tuesday’s closing price as traders scrambled for downside protection.

My scanners spotted one institutional trader reach DEEP into the checkbook to load up on more than 30,000 contracts of the April 21, 2023, expiration, $135 strike puts for a total of $23.2 million in premium — woah baby!

But it wasn’t all doom and gloom, check out these outsized bullish bets…

  • Apple Inc. (Nasdaq: AAPL): April 21, 2023, $135 PUT.
  • Nvidia Corp. (Nasdaq: NVDA): Nov. 18, $143 CALL. 
  • KE Holdings Inc. (NYSE: BEKE): Nov. 18, $125 CALL.
  • Funko Inc. (Nasdaq: FNKO): Dec. 16, $25 CALL.

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

P.S. Political Shift Set to Cause a Massive Move in the Markets

The Republican takeover of Congress is about to cause a MASSIVE shift in a $54-trillion market…  

And Joy of the Trade’s Jeff Zananiri is sounding the alarm because he believes every trader MUST know this before the upcoming midterm elections. 

So listen up because they’re just days away…

An electoral RED WAVE is about to wash over America, and the Biden agenda could be toast.

Here’s How I Plan to Take Advantage

Blitz Daily With Lance Ippolito

At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email 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 on WealthPress.com!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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