In Thursday’s Blitz Daily with Lance Ippolito, we take a look at home improvement retailer Home Depot ahead of earnings.
Markets gapped down at Thursday’s open as traders digested the latest interest rate hike and comments from the Federal Reserve.
Tech shares led the way down, with the Nasdaq dropping 1.95% from its previous closing price before paring losses later in the day.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Shares of the hardware retail giant continued to slide Thursday, falling as much as 2.8% after ugly earnings guidance from 3M Co. (NYSE: MMM) and Masco Corp. (NYSE: MAS) dragged home-improvement stocks down, citing weaker-than-expected demand.
The bears were out for more blood from Home Depot Inc. (NYSE: HD) ahead of the company’s Nov. 15 earning date, as my scanners spotted one institutional buyer loading up on over 1,000 contracts of the Dec. 16 expiration, $255 puts for around $500,000 in premium!
Of course, that wasn’t the only name seeing outsized order flow Thursday…
- Alphabet Inc. (Nasdaq: GOOG): Nov. 25, $80 CALL.
- UBS Group AG (NYSE: UBS): Feb. 17, 2023, $17.50 CALL.
- Meta Platforms Inc. (Nasdaq: META): Nov. 11, $92 CALL.
- Home Depot Inc. (NYSE: HD): Dec. 16, $255 PUT.
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.
