loader image

Bullish Options Traders Take Aim at Apple Ahead of New iPhone Reveal

by | Sep 6, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at tech titan Apple Inc. ahead of Wednesday’s iPhone 14 showcase.

Markets might have taken a long weekend, but we’re right back where we left off on Friday with more choppy action.

Tech names are getting crushed, but we are seeing some bulls run in to buy the dip in our good friend Apple.

The king of tech is set to reveal its latest iPhone 14 alongside other new gizmos at Wednesday’s Far Out press event.

Apple’s shares are down with Tuesday’s market while weekly options are seeing a small bump in implied volatility, with market makers expecting around a $3 move higher or lower in the world’s top tech stock.

As shares dipped ahead of the catalyst event, my scanners spotted institutional buyers jump on around 11,000 contracts of the Sept. 23 expiration, $157.50 calls for about $500,000 in premium!

And if you’re looking for more big institutional order flow, I have more trades inside, including some repeat flow that helped score a fantastic win for our Weekly Blitz Alerts strategy!

  • Apple Inc. (Nasdaq: AAPL): Sept. 23, $157.50 CALL.
  • Rivian Automotive Inc. (Nasdaq: RIVN): Sept. 9, $35 CALL. 
  • Cameco Corp. (NYSE: CCJ): Sept. 9, $30 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. I’ll never forget the day…

I was sitting down with a Nasdaq market statistician while he explained the calculations he used to determine bullish and bearish moves.

And what he said blew me away…

I couldn’t stop thinking about it, wanting to put what I learned into use in my OWN trading…

Fast forward four years later and I did it!

See What I Built Here

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

Lance Ippolito

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team