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Spotted: Degenerate Traders Bottom Fish Tesla Ahead of Earnings

by | Oct 18, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at electric vehicle name Tesla ahead of Wednesday’s earnings release.

Markets gapped up at the open, but volatility roared back in a big way Tuesday…

The major indexes saw two hours of selling after the opening bell, only to turn higher again midday as the bulls and bears wrestled for control.

We saw some big order flow hit the tape amid the chop as Wall Street was hyped for earnings with the big tech names, including iconic EV-maker Tesla, set to report after the bell Wednesday.

Elon Musk’s baby has had a rough four weeks, sliding 35%  as shares hit 52-week lows on Oct. 14. But the beaten-down stock is seeing bullish earnings flow…

My scanners spotted deep-pocketed degenerates scooping up about 500 contracts of the Oct. 28 expiration, $247.50 strike calls for around $165,000 in premium!

Chart of Tesla Stock (Blitz Daily With Lance Ippolito)

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

And if you want more top earnings options trades, then you’re in the right place…

  • Starwood Property Trust Inc. (NYSE: STWD): Nov. 18, $18 PUT. 
  • Tesla Inc. (Nasdaq: TSLA): Oct. 28, $247.50 CALL.
  • Baker Hughes Co. (Nasdaq: BKR): Nov. 18, $25 CALL. 
  • Colgate-Palmolive Co.(NYSE: CL): Nov. 18, $75 CALL.
  • Johnson & Johnson (NYSE: JNJ): Oct. 21, $170 CALL.

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

P.S. Mark your calendar for Wednesday, Oct. 19….

That’s the day that I expect to see some BIG orders come in from the smart money on this stock. 

Because right after the markets close… they’re announcing quarterly earnings results… 

And based on what the executives say, this stock could move the entire market.

Which is why I want you to trade it with me BEFORE the closing bell — to capture potential insider and Wall Street whale buying going into a big announcement…

Uncover All of the Details (and the Stock)

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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