Tesla Sees Insane $2M Options Bet as Autos Tank on Tuesday

by | Sep 20, 2022 | Options

In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at electric vehicle name Tesla as unexpected headlines sparked selling.

Markets are back in the red Tuesday as traders brace for hawkish news from the upcoming Federal Open Market Committee meeting.

To make matters worse, Ford Motor Co. (NYSE: F) added to the bearish mood after lowering its third-quarter guidance.

The top automaker announced that parts shortages hindered production figures while inflationary pressures increased costs around $1 billion higher than expected for Q3, prompting Tuesday’s sector-wide sell-off.

EV-maker Tesla is holding up well, with shares mostly flat Tuesday despite the stiff headwinds, and institutional buyers are taking notice.

Less than 30 minutes into Tuesday’s open, my scanners picked up one big-money trader sweeping up more than 3,600 contracts of the Oct. 7 expiration, $330 strike calls for around $2 million in premium!

And if that trade doesn’t get your motor humming, I have more top options trades hitting Tuesday’s tape inside…

    • Tesla Inc. (Nasdaq: TSLA): Oct. 7, $330 CALL.
    • Meta Platforms Inc. (Nasdaq: META): Sept. 23, $148 CALL. 
    • Fisker Inc. (NYSE: FSR): Jan. 20, 2023, $9 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. If you want to see how I’m planning to approach the market after the Federal Reserve drops its next bomb…

Or if you want to see which stocks my Master Indicator thinks will be sold off in the days ahead… Then join me for an urgent briefing at 11 a.m. EDT on Thursday, Sept. 22.

During this LIVE briefing I’ll walk you through:

    • How the latest Fed decision will impact our trades…
    • What you can do to protect yourself from the sell-offs I see in the weeks ahead…
    • I’ll show you what I believe is the best tool on the planet (the Master Indicator!), and how it called some of the biggest spikes and dips of the year….
    • PLUS, how it not only helped me avoid danger, but also put me in front of incredible opportunities.

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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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