In Tuesday’s Blitz Daily, we’ll take a look at shoe retailer Foot Locker after the company announced plans to acquire two international chains.
This has been a great earnings season for apparel names. Nike Inc. (NYSE: NKE), Under Armour Inc. (NYSE: UAA) and Skechers USA Inc. (NYSE: SKX) all saw shares pop after reporting this quarter.
Judging by the massive order flow moving into Foot Locker Inc. (NYSE: FL), Wall Street hopes the shoe seller keeps the trend going when it reports earnings on Aug. 20. The Blitz Tracker picked up traders grabbing the August monthly $56 strike call by the fistful, including one trader buying 3,082 contracts! That’s an aggressive bet for a name that doesn’t typically trade much volume, so they could be on to something big!
And if you like the sound of that, then I have two more must-see, longer-dated trades institutional buyers are going nuts over…
Foot Locker Inc. (NYSE: FL): Aug. 20 $56 CALL.
Merck & Co. Inc. (NYSE: MRK): Jan. 20, 2022 $80 CALL.
Nucor Corp. (NYSE: NUE): Sep. 17 $125 CALL.
Check out my short video and I’ll break down Foot Locker order flow, along with all of today’s options plays in no time…
Blitz Daily With Lance Ippolitto
At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”
But in all seriousness, 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 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 Scanner each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what’s going to happen with that stock by the next day’s opening bell.
If you want in on these explosive 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!