In Thursday’s Blitz Daily, we take a look at Detroit automaker Ford after announcing a new program to pay off $5 billion in debt.
It’s been a fantastic year for Ford shareholders. The stock is up more than 150% so far in 2021 with the help of big headlines like the launch of the F-150 Lightning and big earnings beats.
FoMoCo brushed off concerns of semiconductor shortage headwinds as it came a few pennies shy of doubling Wall Street’s earnings estimates this past week. And with cashflow turning up, Ford is putting that money to work.
The company unveiled plans to retire $5 billion of the bonds it had borrowed to keep operations going through the pandemic.
The bullish news helped shares climb about 4% Thursday, hitting prices the stock hasn’t seen in 20 years!
The 15% run up this week has sparked a frenzy across the options chain, with multiple massive bets from bulls and bears….
Thursday saw the bulls hit the Nov. 19 $18.50 strike call options for about 23,000 contracts a a total of $350,000 in premium. Meanwhile, bears dropped $158,00 into the Nov. 12 $19.50 puts!
And they weren’t the only automotive name hitting the tape Thursday. Hop in and check out these other trades seeing unusual options activity…
- Ford Motor Co. (NYSE: F): Nov. 19 $18.5 CALL.
- Ford Motor Co. (NYSE: F): Nov. 12 $19.5 PUT.
- General Motors Co. (NYSE: GM): Nov. 12 $58 CALL.
- Goodyear Tire & Rubber Co. (Nasdaq: GT): April 14, 2022, $19 PUT.
- Uber Technologies Inc. (NYSE: UBER): Nov. 5 $47 CALL.
- Nvidia Corp. (Nasdaq: NVDA): Nov. 5 $320 CALL.
For more guidance through the stock markets and big money trades like these as we head into the new year, check out my Weekly Blitz Alerts strategy!
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 I think can happen with that stock by the next day’s opening bell.
If you want in on these fast-moving 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!