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Tech Options Surge on Strength of iPhone Sales

by | Sep 12, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take another look at technology titan Apple as analysts swoon over iPhone early sales outlooks.

This past week’s optimism carried over into Monday, and stocks are on the move!

Tech names jumped at the open, with the Nasdaq surging around 1.1% with the S&P 500 not far behind, thanks to strong sales projections for the iPhone 14.

JPMorgan analysts reiterated their overweight rating for the top tech stock, citing stronger-than-expected demand for the premium smartphone models as expected delivery dates were pushed back to mid-October. 

Shares of Apple soared as high as 4.35% Monday as institutional buyers looked to leverage the sentiment in the options ladder.

My scanners spotted phenomenal repeat order flow, with one trader sweeping up about 700 contracts of the Sept. 16 expiration, $162.50 calls for around $290,000 in premium!

Of course, that’s not the only stock seeing outsized options orders Monday. In fact, I have two more top tech trades waiting below… 

  • JD.com Inc. (Nasdaq: JD): Nov. 18, $67.50 CALL.
  • Apple Inc. (Nasdaq: AAPL): Sept. 16, $162.50 CALL. 
  • Fortinet Inc. (FTNT): Oct. 21, $55 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. 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

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