In Monday’s Blitz Daily, we’ll take a look at biotech company Novavax as breakthrough COVID-19 cases continue to rise worldwide.
Vaccine developer Novavax Inc. (Nasdaq: NVAX) saw shares plummet after a string of management mishaps followed by a weak earnings report on Aug. 5, But the persistent uptick in delta variant cases has Wall Street traders diving deeper into their pandemic playbook.
In turn, that has institutional traders aiming to leverage those headlines for some quick dip-buy profits using short-term options flow. Notably, buyers piled into the NVAX Aug. 13 $220 call, with more than 10,000 contracts trading hands…
The Blitz Tracker spotted two more options plays seeing serious love today including a second round of buying on a familiar name ahead of its Monday earnings call…
Novavax Inc. (Nasdaq: NVAX): Aug.13 $250 CALL.
Moderna Inc. (Nasdaq: MRNA): Aug. 13 $485 CALL.
Callaway Golf Company (NYSE: ELY): Aug. 20 $36 CALL.
Check out my short video and I’ll break down Novavax options order flow, along with all of today’s earnings plays in less than five minutes…
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!