In Wednesday’s Blitz Daily with Lance Ippolito, we’ll take a look at pharmaceutical company Pfizer Inc. (NYSE: PFE) after the company’s earning beat launched a barrage of bullish bets in the options chain.
PFE released second-quarter earnings before the bell Wednesday, which revealed that the drug maker topped consensus estimates and raised its full-year guidance by 10%. This news, along with a new order for another 200 million doses of its COVID-19 vaccines, was enough to send traders into a buying frenzy. PFE shares jumped more than 3.5% on the day, hitting a new 52-week high. So institutional traders are climbing over themselves to buy the options. In particular, the big boys bought a block of contracts in the Dec. 17 $42 CALLS.
On top of this action, The Blitz Tracker spotted the whales on Wall Street making big moves on a few other positions…
Pfizer Inc. (NYSE: PFE): Dec. 17 $42 CALL.
Advanced Micro Devices Inc. (Nasdaq: AMD): Sep. 17 $95 CALL.
Canopy Growth Corp. (Nasdaq: CGC): Jan. 21, 2022 $22.50 CALL.
Pinduoduo Inc. (Nasdaq: PDD): Aug. 20 $103 CALL
Check out my short video and I’ll break down Pfizer’s 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!