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Bullish Tech Traders Double Dip on NFLX Options

by | Dec 7, 2022 | Options

We’re still seeing a lot of choppy price action in the markets again Wednesday, with the Nasdaq and S&P 500 both edging down… 

But the short-term order flow is rolling down that river like Proud Mary, and the institutional day-trading action is insane right now! 

With shares edging higher, we’re seeing repeat flow in Netflix as traders came back for a second day of dip buying in the communications giant on the heels of co-CEO Ted Sarandos’ presentation at the UBS Global Technology, Media, and Telecommunications Conference. 

NFLX CHart 12.7.22 (Blitz Daily With Lance Ippolito)

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

My scanners spotted a frenzy of bullish buying, with one trader sweeping up about 500 contracts of the Dec. 9 expiration, $305 strike calls for more than $250,000 in premium! 

If you’re not day trading then I don’t know what you’re doing out there because there are so many fantastic short-term opportunities in the market right now. See for yourself…  

  • Coinbase Global Inc. (Nasdaq: COIN): Dec. 9, $45 CALL. 
  • Tesla Inc. (Nasdaq: TSLA): Dec. 9, $175 CALL. 
  • Rivian Automotive Inc. (Nasdaq: RIVN): Dec. 9, $28 CALL. 
  • Netflix Inc. (Nasdaq: NFLX): Dec. 9, $305 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 Chuck is holding an emergency briefing with Senior Strategist Roger Scott to lay out the battle plan…

Right now, there are a few stocks sticking out like a sore thumb thanks to this discovery.

Access the Video Now

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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

WRITTEN BY
Lance Ippolito

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