In Monday’s Blitz Daily, we’ll take a look at dating app conglomerate Match Group as shares found support amid a three-week, post-earnings slide.
If you’ve ever seen a big ad for online dating,odds are the site belongs to Match Group. It’s the company behind apps and sites Tinder, Match.com, OkCupid, PlentyOfFish and a load of others.
Shares traded near record highs before its Aug. 3 report, but dropped more than 20% after earnings and forward guidance failed to meet expectations.
The bulls decided enough was enough and launched a buy program. And just like magic, the stock price bottomed around the $130 level for the fourth time in the past six months. Buyers targeted the weekly Aug. 27 expiration $138 strike call, trading nearly 2,000 contracts in total.
And that wasn’t the only explosive options action we saw Monday, so take a look at these trades…
Today’s Top Orders:
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Match Group Inc. (Nasdaq: MTCH): Aug. 27 $138 CALL.
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Las Vegas Sands Corp. (NYSE: LVS): Jan. 20, 2022 $35 CALL.
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Ammo Inc. (POWW): Sept. 17 $7.50 CALL.
Check out my short video and I’ll break down today’s unusual options order flow in two 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!
