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Bears Roar as Market Prepares for Fed Announcement

by | Oct 31, 2022 | Options

Before we get down to business, be sure and check out this morning’s episode of Crush the Open! I gave away my degenerate gamblers’ earnings play of the week and a ton of actionable ideas and info! 

Join our Telegram channel here, and be notified every time we’re about to go live at 9 a.m. EDT each Monday!

OK, on to Blitz Daily…

In Monday’s Blitz Daily with Lance Ippolito, we take a look at electric vehicle company Rivian as it approaches its earnings release.

Markets are down Monday as Wall Street buckles up for another potential roller coaster ride from this week’s upcoming Federal Reserve interest rate announcement. 

Despite the gloomy mood to start the week, I think we’ll pick up steam as we head into midterms — I’ll be positioning myself to the bull side here and buying the dips. 

And judging by the order flow we’re seeing, I’m not the only one looking for stocks to take a dip… 

Shares of Rivian jumped as much as 4.3% Monday as the upstart EV-maker continues to pick up steam ahead of its Nov. 9 earnings date, and at least one big-money bear is ready to fade the move… 

Rivian Chart (Blitz Daily With Lance Ippolito)

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

Around 1:30 p.m. EDT, my scanners picked up an institutional put buyer scooping up about 750 contracts of the Nov. 11 expiration, $35.50 strike puts for more than $180,000 in premium! 

And if that doesn’t get your inner bear roaring, check out this outsized order flow… 

  • Tesla Inc. (Nasdaq: TSLA): Nov. 4, $235 CALL.
  • CVS Health Corp. (NYSE: CVS): Nov. 4, $93 PUT. 
  • Rivian Automotive Inc. (Nasdaq: RIVN): Nov. 11, $35.50 PUT. 
  • Meta Platforms Inc. (Nasdaq: META): Nov. 18, $92 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. This Could Cause a Massive Swing in the Stock Market 

If there’s ever been a live briefing you have to see, it’s this one…

Joy of the Trade’s Jeff Zananiri is going live at 1 p.m. EDT on Tuesday, Nov. 1, to talk about what could be the biggest market shift of the year — the November midterm elections.

The result could be a massive $54-trillion market tidal wave.

And you DO NOT want to be left behind.

Sign Up to Watch Jeff’s Live Event

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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