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Blitz Daily: The Bulls Are Betting the Door is Wide Open for This Earnings Play

by | Nov 9, 2021 | Crypto

In Tuesday’s Blitz Daily, we take a look at digital home-buying company Opendoor as it prepares to report earnings this week.

It’s been a bit of a wild ride for Opendoor since competitor Zillow Group decided to make an exit from the online house-flipping market. OPEN shares initially bounced after dismal Zillow earnings sparked an industry-wide sell-off, but haven’t seen much support above 200-day moving average.

With the stock at one-month lows, the bulls see an opportunity to get in at a discount ahead of Opendoor’s earnings report after the closing bell Wednesday. Tuesday saw buyers take aim at the Dec. 17 $22 strike calls, pulling the trigger on just over 1,000 contracts for $220,000 in premium!

But if you’d like to shop around to see what else is on the market, I have four more big-time plays hitting the tape Tuesday…

  • Opendoor Technologies Inc. (Nasdaq: OPEN): Dec. 17 $22 CALL.
  • McDonald’s Corp. (NYSE: MCD): Nov. 26 $260 CALL.
  • Riot Blockchain Inc. (Nasdaq: RIOT): Nov. 12 $40 CALL.
  • The Gap Inc. (NYSE: GPS): Nov. 26 $26.50 CALL.
  • WW International Inc. (Nasdaq: WW): Jan. 21, 2022 $20 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!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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