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Bullish Traders Target Tech, Tesla After Xi-Biden Handshake

by | Nov 15, 2022 | Options

Markets gapped up Tuesday morning on the heels of the first in-person meeting between Chinese President Xi Jinping and U.S. President Joe Biden.

The two heads of state agreed to reopen talks on major areas of disagreement ahead of the upcoming G-20 summit of global leaders in Indonesia.

The news helped lift spirits on Wall Street, with the tech-heavy Nasdaq leading the way higher with an early 250-point rally. That sparked a wave of bullish order flow in tech stocks including top EV name Tesla.

The cutting-edge automaker reduced wait times for its new Model 3 and Model Y vehicles in China, adding to the bullish mood as shares climbed as much as 5.1% over Monday’s closing price at one point.

Tesla Chart (Blitz Daily With Lance Ippolito)

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

About an hour into the open, my scanners picked up an enormous institutional bet, with one trader sweeping up over 4,000 contracts of the Nov. 18 expiration, $202.50 strike calls for around $2 million in premium!

And I have more outsized order flow to get your motors running waiting inside… 

  • Tesla Inc. (Nasdaq: TSLA): Nov. 18, $202.50 CALL.
  • Peloton Interactive Inc. (Nasdaq: PTON): March 17, 2023, $13 CALL.
  • Peloton Interactive Inc. (Nasdaq: PTON): April 21, 2023, $11 CALL.
  • NexGen Energy Ltd. (NYSE: NXE): May. 19, 2023, $6 CALL.

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

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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