In Tuesday’s Blitz Daily with Lance Ippolito, we’ll take a look at video gaming company Activision Blizzard Inc. (Nasdaq: ATVI) after we saw enormous repeat institutional buying on the dip on the heels of the company’s recent legal trouble.
ATVI stock took the plunge in today’s trading as shares plummeted over 9.5% from Monday’s close after more than 2,000 current and former employees spoke out against the company. That dip sparked huge call buying, and I mean HUGE. Institutional investors picked up as many as 6,518 contracts of the February 2022 monthly $92.50 strike calls… And they just kept buying.
But ATVI isn’t the only ticker hitting the tape, check out my top 4 options flows of the day and see for yourself…
-
Activision Blizzard Inc. (Nasdaq: ATVI): Feb. 18, 2022 $92.50 CALL.
-
Zynga Inc. (Nasdaq: ZNGA): Aug. 6 $10.50 CALL.
-
GlaxoSmithKline PLC (GSK): Aug. 20 $41 CALL.
-
American Eagle Outfitters Inc. (NYSE: AEO): Aug. 20 $34.50 CALL
Check out my short video and I’ll break down today’s Activision options order flow along with all of today’s earnings plays in no time 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!
