In Tuesday’s Blitz Daily with Lance Ippolito, we’ll take a look at grocery industry giant Kroger after shares surged on fears of the rising number of coronavirus cases.
As the world battles a wave of new delta variant COVID-19 infections, traders far and wide are dusting off 2020’s lockdown playbook and piling back into grocery stores.
One of the biggest winners in the flight to safety so far is The Kroger Co. (NYSE: KR). Typically a low-beta name, shares spiked more than 4% from Monday’s close as retail and institutional traders alike snapped up stock and options contracts. Most notably, big spenders hit the Aug. 20 $43.50 strike calls, picking up more than 2,100 contracts on the day.
But that wasn’t the only massive buying hitting The Blitz Tracker on Tuesday. I have four more names you need to know about, including another flight to safety stock you won’t see in many headlines…
Callaway Golf Co. (NYSE: ELY): Aug. 20 $236 CALL.
The Kroger Co. (NYSE: KR): Aug. 20 $43.50 CALL.
SpartanNash Co. (Nasdaq: SPTN): Aug. 20 $20 CALL
Harley Davidson Inc. (NYSE: HOG): Aug. 6 $40 CALL.
Nikola Corp. (Nasdaq: NKLA): Aug. 20 $10 PUT.
Check out my short video and I’ll break down Kroger’s options order flow, along with all of today’s earnings plays in three minutes flat…
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 one options trade that hits 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!
Our Blitz Alerts strategy also includes my Daily Market Color, where traders can get a ton of trade ideas every day. This is a veritable gold mine of potential trades you can make… simply by following the money trail I lay out for you.
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!