In Tuesday’s Blitz Daily, we take a look at Boston-based biotech firm Moderna as top vaccine-makers report earnings.
November isn’t all turkey and over-spiced lattes… It’s also when many of the big biotech firms drop their quarterly reports and schedule their investor days. Tuesday saw a monster earnings report from Pfizer Inc. (NYSE: PFE), crushing estimates and year-over-year comparisons on the back of record-breaking revenues from its coronavirus vaccine.
The news sent the biotech bulls on a buying frenzy, lifting shares of almost every company across the industry as they charged up and down the options chains.
One of Tuesday’s biggest targets was rival vaccine maker Moderna Inc., whose shares jumped over 3.5% following the report ahead of its Nov. 4 earnings event.
In the stock’s biggest order flow of the day, one bullish trader backed up the truck and loaded up on 3,154 contracts of the Nov. 12 $445 strike options, paying more than $188,000 in premium!
And there’s more where that came from. I have two more biotech trades that got a shot in the arm Tuesday…
- Moderna Inc. (Nasdaq: MRNA): Nov. 12 $445 CALL.
- Cardinal Health Inc. (NYSE: CAH): Dec. 17 $50 CALL.
- Bristol-Myers Squibb Co. (NYSE: BMY): Nov. 19 $59 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in a flash!
For more guidance through the biotech sector as it continues to heat up ahead of the new year, check out my Blockbuster Breakout Calendar strategy for more detailed guidance on how to trade these big biotech catalyst events!
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 Tracker, 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 a handful of options trades that hit my Blitz Tracker 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!
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!
