In Monday’s Blitz Daily with Lance Ippolito, we take a look at online retailer Pinduoduo after seeing heavy selling to start the week.
We had a quiet start to the week as markets sold off, rejecting a late-day rally on light volume.
The bearish mood kept bullish traders on the sidelines, though there were a few exceptions…
My scanners spotted a handful of deep-pocketed degenerates targeting the sell-off in Chinese tech companies.
E-commerce stock Pinduoduo fell as much as 8.5% intraday while bullish traders rolled in and bottom-ticked the dip, grabbing 750 contracts of the Oct. 21 expiration, $57 strike calls for $219,000 in premium!
And if you’re looking to shop around for more top options, you’re in the right place…
- Nvidia Corp. (Nasdaq: NVDA): Oct 14, $115 PUT.
- Foot Locker Inc. (NYSE: FL): Oct. 14, $31 CALL.
- Pinduoduo Inc. (NYSE: PDD): Oct. 21, $57 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
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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.