Semiconductors Sell off After Uncle Sam Unleashes New Regulations

by | Sep 1, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at chipmaker Nvidia as the sector is besieged by new regulations.

September is finally here, and it lived up to its bearish reputation Thursday…

Even worse, the continuing sour mood makes for one awful looking options tape.

With markets this ugly, traders should be super selective with any moves they make…

Because if I’m being honest, there’s a lot of hot garbage rolling in on the wire — so much so that I’ve also scaled back what I’m trading.

Semiconductors are under fire once again as Uncle Sam unleashed a new licensing requirement on Nvidia, which could prohibit sales of certain microchips to China, Hong Kong and Russia — putting upward of $400 million worth of expected business in jeopardy.

Shares of the tech stock plummeted more than 10% on the news while bearish options traders sank their claws into puts.

My scanner spotted repeat downside NVDA bets hitting the tape Thursday, with one institutional trader grabbing around 500 contracts of the Sept. 16 expiration, $125 strike puts for over $145,000 in premium!

And if you’re still hungry for more bearish tech plays, then you’re in luck…

  • Advanced Micro Devices Inc. (Nasdaq: AMD): Sept. 9, $79 PUT.
  • Nvidia Corp. (Nasdaq: NVDA): Sept. 16, $125 PUT. 
  • Skyworks Solutions Inc. (Nasdaq: SWKS): Oct. 21, $95 PUT. 
  • Tesla Inc. (Nasdaq: TSLA): Sept. 2, $270 CALL.
  • Roblox Corp. (NYSE: RBLX): Sept. 16, $38.50 PUT.

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

P.S. We thought we’d seen just about everything inside the financial markets…

But this is on a whole new level!

In the past few years, these tiny arrows have made some incredible calls in the stock market…

And now, they’re causing a big stir!

See How It Works

Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Tracker, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”  

By doing this, we cash in whether the broader market is going up, down or sideways. 

The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Tracker each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what I think can happen with that stock by the next day’s opening bell. 

If you want in on these fast-moving options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz 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 — and printing money — on WealthPress.com!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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