In Tuesday’s Blitz Daily, we’ll take a look at airline companies Delta, Southwest and American after Wall Street swooped in with strong buying in travel names.
Airline and travel stocks can’t seem to catch much of a break in the headlines, and Wall Street is aiming to take advantage of all of this negative sentiment.
Bullish buyers showed up in a big way in early trading, looking to take a ride on airline stocks.
Delta Air Lines Inc. (NYSE: DAL), Southwest Airlines Co. (NYSE: LUV) and American Airlines Group Inc. (Nasdaq: AAL) all saw spikes in options activity as August is on pace to beat its 2019 TSA numbers by more than 5%. In particular, the LUV Oct. 15 $55 CALL saw more than 9,400 contracts traded on the day!
And that wasn’t the only explosive options activity taking off on Tuesday. Just see for yourself…
Today’s Top Orders:
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA): Oct. 15 $10 CALL.
Delta Air Lines Inc. (NYSE: DAL): Oct. 15 $40 CALL.
Southwest Airlines Co. (NYSE: LUV): Oct. 15 $55 CALL.
American Airlines Group Inc. (Nasdaq: AAL): Sept. 17 $20.50 CALL.
Melco Resorts & Entertainment Ltd. (Nasdaq: MLCO): Oct. 15 $14 CALL.
Check out my short video and I’ll break down today’s most 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!