Blitz Daily: Bears Just Bet $4.2M This Stock Will Drop in 2 Weeks

by | Aug 17, 2021 | Uncategorized

In Tuesday’s Blitz Daily, we’ll take a look at computer hardware company HP Inc. after the options chain saw colossally bearish positions opened in early trading.

We’re running wild, making a lot of money in puts. Yes, you heard me, the p-word! Markets sold off Tuesday morning, and I’m loving every minute of it. Why? 

Because the bears are coming into the options flow in a monumental way, and Daily Profits Challenge members were with me in the War Room — LIVE — right when it happened! 

Specifically, they’re taking aim at former computer kingpin HP Inc. (NYSE: HPQ), dropping around $3 million in premium this morning on a short-term earnings play. In fact, they liked it so much they turned around and bought another $1.2 million worth of puts!

But that wasn’t the only phenomenal flow hitting the tape Tuesday. Just take a look for yourself at what else has me excited today…

  • HP Inc. (NYSE: HPQ): Aug. 27 $30 PUT.

  • Pinduoduo Inc. (Nasdaq: PDD): Sept. 17 $90 CALL.

  • Merck & Co. Inc. (NYSE: MRK): Oct. 15 $85 CALL.

Check out my short video and I’ll break down today’s unusual options order flow in four minutes flat… 

And if you want to get in on these orders as they hit my Blitz Tracker in real time — and even more actionable trade ideas — be sure to join us in our Daily Profits War Room!

 

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!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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