In Thursday’s Blitz Daily, we’ll take a look at social media company Snap Inc. as the company announced new feature upgrades to its platform.
After completely crushing earnings a few weeks ago, the viral video sharing app, Snap Inc. rolled out the latest update to Snapchat’s nearly 530 million active users on Thursday. Packed into the update is a revamped version of Snapchat’s altered reality (AR) scan feature that will allow users to identify everything from clothing brands to dog breeds.
The new functionality is poised to grab loads of eyeballs, and the boys on Wall Street are buying time in the options chain to take advantage of this pullback. Thursday saw nearly 30,000 contracts traded between the SNAP Nov. 19 $75 strike and $80 strike calls.
But it’s not the only company that has Wall Street charging ahead. Take a look at today’s top trades….
Today’s Top Orders:
American Express Co. (NYSE: AXP): Dec. 17 $170 CALL.
Snap Inc. (NYSE: SNAP): Nov. 19 $80 CALL.
Altimmune Inc. (Nasdaq: ALT): Oct. 15 $19 CALL.
Check out my short video and I’ll break down today’s most unusual options order flow in three 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!