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Bulls Pounce on AMAT Earnings as Semiconductors Soar

by | Nov 14, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take a look at tech manufacturing firm Applied Materials ahead of its Nov. 17 earnings date.

The bulls tried their best, but Monday’s afternoon rally wasn’t enough to overcome a volatile start to the week. 

Traders should expect some consolidation following this past week’s breakout move higher… 

But even with a pause in the trend, we’re still seeing heavy earnings flow and short-term weekly options hit the tape. 

One name to watch this week is Applied Materials after shares jumped 13.5% in the past week ahead of the company’s earnings release on Thursday.

Applied Materials Chart (Blitz Daily With Lance Ippolito)

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

My scanners picked up repeat buying in the semiconductor equipment-maker Monday, with one big-money buyer scooping up about 1,700 contracts of the Dec. 16 expiration, $120 strike calls for around $424,000 in premium! 

The way I see it, active day and short-term swing trading is where traders want to be in this market… And that’s why we keep our eyes on institutional options flow like this… 

  • Applied Materials Inc. (Nasdaq: AMAT): Dec. 16, $120 CALL. 
  • Netflix Inc. (Nasdaq: NFLX): Nov. 18, $302.50 CALL.
  • Tesla Inc. (Nasdaq: TSLA): Nov. 18, $200 CALL.

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

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You Don’t Want to Miss This

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

Lance Ippolito

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