Bulls Get Charged Up as Battery Upstart FREY Bounces 20%

by | Sep 21, 2022 | Options

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at electrical equipment name Freyr Battery after shares hit record highs.

Markets floated higher on low volume early Wednesday as traders covered their bases ahead of the Federal Open Market Committee’s interest rate decision…

And then at 2 p.m. sharp on the East Coast, we were hit with a massive red candle as the S&P 500 dropped 1.5% in five minutes as Fed Chair Jerome Powell and his gang unleashed their third 75-basis-point interest rate hike in a row.

Shortly after it hit, the bulls filled that gap to the upside with their own 1.9% countermove before heading straight back down again.

That insane volatility brought the institutional options flow to a crawl for most of the day, but we did see some big bullish moves early on…

Battery-maker Freyr made waves among call buyers, as shares jumped 20% on an upgrade from analysts at Morgan Stanley…

As the stock rocketed toward record highs, my scanners spotted several monster bets in the industrials upstart!

The deep pockets swooped in to grab about 1,000 contracts of the Nov. 18 expiration, $15 strike calls for more than $225,000 in premium!

Of course, that’s not the only name hitting the tape Wednesday…

  • FREYR Battery (NYSE: FREY): Nov. 18, $15 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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