Big-Money Trader Bets $6.4M on Microsoft Bloodbath

by | Sep 15, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we take a look at top tech stock Microsoft as U.K. regulators investigate its pending acquisition.

Volatility is still terrorizing the tape on Thursday…

The Nasdaq and S&P 500 both dropped over 1% after the bulls failed to hold serve on two separate rallies.

A similar story is playing out in Thursday’s order flow as traders hedge against the downside pressure — especially in Microsoft. 

Bill Gates’ baby is under increased scrutiny from U.K. regulators, which could serve as a major speed bump in its acquisition of video game giant Activision-Blizzard Inc. (Nasdaq: ATVI).

The news helped shares sink more than 2.5% as institutional buyers scooped up puts by truck load.

Less than an hour after Thursday’s open, our scanners spotted a colossal bearish move, buying about 25,500 contracts of the Oct. 21 expiration, $225 puts for about $6.4 million!

Of course, that’s not the only trade that will make your inner bear roar…

  • Snowflake Inc. (NYSE: SNOW): Nov. 18, $65 PUT.
  • Microsoft Corp. (Nasdaq: MSFT): Oct. 21, $225 PUT.
  • Apple Inc. (Nasdaq: MSFT): Sept. 23, 2023 $155 PUT.

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

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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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