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Bullish Traders Go Bottom Fishing in Retail for an Earnings Payday

by | Sep 26, 2022 | Options

In Monday’s Blitz Daily with Lance Ippolito, we take a look at apparel company Nike ahead of Thursday’s earnings report.

September continues to live up to its bearish reputation as we start the final week of the third quarter with more selling.

But even as the S&P 500 slips toward its 52-week low, we’re seeing institutional traders grab their rod and reel to do some bottom fishing!

Wall Street will have its eyes on Nike this week as the retail giant gets set for its Sept. 29 earnings event…

And at least one deep-pocketed trader out there believes the stock can beat this week’s 7% expected move…

Less than 30 minutes into Monday’s open, my scanners spotted buyers sweep up about 600 contracts of the Jan. 20, 2023, expiration, $100 strike calls for around $500,000 in premium!

And I have more outsized, degenerate bullish bets where that came from…

  • Nike Inc. (NYSE: NKE): Jan. 20, 2023, $100 CALL.
  • Tesla Inc. (Nasdaq: TSLA): Sept. 30, $285 CALL. 
  • Zscaler Inc. (Nasdaq: ZS): Sept. 30, $170 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. There’s been something on my mind that I’ve been dying to share…

Something that can be used by traders and investors of all skill levels. 

It doesn’t matter if you’re a day trader, options trader, swing trader, a casual investor or if you’re just getting started in the stock market.

It spits out buy and sell signals based on the real reasons stocks move up and down…

And I think it could influence your trading month in a BIG way. 

See My Secret

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 Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email 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 on WealthPress.com!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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