In Monday’s Blitz Daily with Lance Ippolito, we take a look at financial services firm PayPal after receiving bullish ratings from Wall Street investment firms.
We saw a lot of volatility Monday as the uncertainty of the impending election and inflation data bottled up price action.
The bulls and bears wrestled for control of the S&P 500, with the bulls coming out on top after a strong 30-plus-point rally in the afternoon.
Among individual stocks moving higher, shares of digital payments platform PayPal jumped as much as 4% after several analysts maintained bullish ratings on the company despite lowering its revenue forecast during its Nov. 3 earnings call.
The move caught the attention of one deep-pocketed degenerate, who my scanner spotted sweeping up over 1,000 contracts of the Nov. 18 expiration, $77 strike calls for more than $280,000 in premium!
And that’s not the only beaten-down growth name hitting the wire on Monday…
- ImmunoGen Inc. (Nasdaq: IMGN): Jan. 20, 2023, $7 CALL.
- Teladoc Health Inc. (NYSE: TDOC): Jan. 20, 2023, $22.50 CALL.
- PayPal Holdings Inc. (Nasdaq: PYPL): Nov. 18, $77 CALL.
- Alcoa Corp. (NYSE: AA): Dec. 9, $43 CALL.
Check out my short video as I break down the day’s most unusual options order flow in no time flat!
P.S. When we see big volume hitting a stock, it’s usually paired with a big move in price…
And right now — due to the elections — a lot of stocks are seeing significant volume spikes.
For traders like us, this is a great time to leverage that volume in our strategies.
If you’re curious what other stocks are seeing these outsized moves…
Go Ahead and Click This Link
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.