In Thursday’s Blitz Daily, we’ll take a look at business software company Salesforce after a series of big bullish bets on its pre-earnings momentum.
The S&P 500 jumped up around 15 handles as the market keeps charging higher through earnings and the whales keep hitting those short-term momentum trades. One of the major beneficiaries on Thursday was premiere enterprise software firm Salesforce.com Inc. (NYSE: CRM).
Traders are moving off the sidelines and back into CRM since closing on its acquisition of Slack Technologies, and they’re looking to take advantage of that momentum before its next earnings report on Aug. 25.
That’s not the only short-term flow we’re seeing today. I have two more must-see trades, and you just might start noticing a pattern here…
Salesforce.com Inc. (NYSE: CRM): Aug.13 $255 CALL.
Square, Inc. (NYSE: SQ): Aug. 13 $300 CALL
Uber Technologies Inc. (NYSE: UBER): Aug. 13 $45.50 CALL
Check out my short video and I’ll break down Salesforce options order flow, along with all of today’s earnings plays in a flash…
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!