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Dip Buyers Score With Degenerate Day Trade on Tech Volatility

by | Dec 5, 2022 | Uncategorized

In Monday’s Blitz Daily with Lance Ippolito, we take a look at payments platform PayPal as volatility ramps up in tech stocks.

Equity markets saw lots of weakness Monday after new service sector data has Wall Street fearing the economy is still too hot for the Federal Reserve to cool off its scorching pace of interest rate hikes. 

The Nasdaq is leading the way down with a nearly 2% drop…The S&P 500 isn’t far behind, falling 1.8% amid another low-volume sell-off.

We didn’t see much institutional order flow, and what little we did was in short-dated weekly options — likely day trades. 

One name that bucked the trend Monday morning was our old friend PayPal… 

Shares of the online payment stock have dropped more than 20% over the past three weeks… 

Pypl Chart (Blitz Daily With Lance Ippolito)

Wondering what those little arrows mean and how they can help improve your trading? Get the details here!

With share prices closing in on quarterly lows, the bulls made a run early Monday. 

About 30 minutes into the open, my scanners spotted one daring dip buyer sweep up more than 1,400 contracts of the Dec. 9 expiration, $75 strike calls for over $170,000 in premium! 

Within an hour of the trade hitting the tape, bullish buyers sent the stock soaring more than 2.5%, setting the stage for a fantastic day trade before it fell back to earth, down 1.9% about a half-hour before the close! 

And if you’re looking for more quick-hitting options action, I have more top trades waiting below… 

  • PayPal Holdings Inc. (Nasdaq: PYPL): Dec. 9, $75 CALL.
  • Polaris Inc. (NYSE: PII): Dec. 9, $110 PUT.
  • Camping World Holdings Inc. (NYSE: CWH): Dec 9, $26 CALL..

Check out my short video as I break down the day’s most unusual options order flow in no time flat! 

P.S. In just a matter of days, the Federal Reserve is doing something that could send shockwaves yet again through the market…

Stocks could soar or plummet in a matter of minutes. 

That’s why Chuck Hughes has been working on an underground project to help traders get in front of the big announcement

But, it’s not another alert service… It’s not a stock report…

It’s something much more powerful — and it can help give you a lifetime of trading opportunities.

That’s why at 1 p.m. ET on Tuesday, Dec. 6, Chuck is holding an emergency briefing with Senior Strategist Roger Scott to lay out the battle plan…

But first, we need your help with something…

Click Here to Unlock Your Mission

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Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, 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 order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email alerts.

In the meantime, you can check out our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading on WealthPress.com!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 


WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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