In Wednesday’s Blitz Daily, we take a look at virtual fitness company Peloton as shares continue to fall after missing earnings expectations.
Riding one of Peloton’s high-end stationary bikes or taking a fitness class through its app keeps its users looking and feeling good. But the same can’t be said for its shareholders…
Shares of the exercise bike and interactive health brand took a tumble after the company missed revenue expectations and announced it didn’t expect to see profits until 2023. At $48.95 per share, the stock has dropped more than 40% from its Nov. 4 closing price of $86.06 — OUCH!
Wednesday saw the bulls rush in to buy the blood as shares hit new 52-week lows, picking up around 1,700 of the Nov. 19 $53 strike call options for more than $217,000 in premium!
But if the thought of Peloton options make you sweat, I have two more big trades to keep your portfolio looking good…
- Peloton Interactive Inc. (Nasdaq: PTON): Nov. 19 $53 CALL.
- Coty Inc. (NYSE: COTY): Jan. 21, 2022, $11 CALL.
- SSR Mining Inc. (Nasdaq: SSRM): Mar. 18, 2022, $20 CALL.
Check out my short video, and I’ll break down today’s most unusual options order flow in less than two minutes!
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!