Blitz Daily: Options Traders Look to Cash in on Robinhood, ‘Meme Stonk’ Madness

by | Aug 18, 2021 | Uncategorized

In Wednesday’s Blitz Daily, we’ll take a look at cannabis company Tilray Inc. after it announced a new acquisition.

The mid-week flows are in and with Robinhood Markets Inc. (Nasdaq: HOOD) reporting earnings, the bulls are charging straight ahead into the short-term “meme stonk” option flow. 

Of the half-dozen internet darlings hitting the tape, Canadian pot stock prince Tilray Inc. (Nasdaq: TLRY) sticks out most. It may be a bit of a dice roll, but it’s also seen positive news. The firm announced Tuesday that it’s taken a majority position in another cannabis brand, Medmen Enterprises.

But that’s just the tip of the internet iceberg. I have four more big trades that are burning up the Blitz Tracker, so see for yourself…

Today’s Top Orders:

  • Tilray Inc. (Nasdaq: TLRY): Aug. 20 $14 CALL.

  • Target Corp. (NYSE: TGT): Sept.17 $270 CALL.

  • Alibaba Group Holding Ltd. (NYSE: BABA): Aug. 20 $175 CALL.

  • U.S. Steel Corp. (NYSE: X): Sept. 17 $32 CALL.

  • Lithium Americas Corp. (NYSE: LAC): Sept. 17 $17.50 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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