In a special Friday Blitz Daily, we take a look at data analytics company Palantir as shares drop following a disappointing earnings report.
I hope you all had a happy Veterans Day, but before we head out for the week, I wanted to give you a glimpse into what the big institutional traders were swinging at ahead of the weekend.
Friday saw traders take aim on Peter Thiel’s beleaguered big data firm after delivering its second unimpressive earnings report in a row. While its revenue and sales growth outperformed consensus expectations, concerns over stock dilution fueled selling sentiment.
The stock continued to slide after the Nov. 9 report, losing over 14.5% from Monday’s closing price — ouch!
The bulls said they’d seen enough and jumped in for a quick dip by Friday afternoon. Traders grabbed more than 2,800 contracts of the Nov. 26 $22 strike call options for a cool $117,000 in premium!
And if that action isn’t to your liking, I have two more big trades to help take you into the weekend…
- Palantir Technologies Inc. (NYSE: PLTR): Nov. 26 $22 CALL.
- Airbnb Inc. (Nasdaq: ABNB): Nov. 19 $215 CALL.
- ViacomCBS Inc. (Nasdaq: VIAC): Mar. 18, 2022, $37.50 CALL.
For more guidance through the stock markets and big money trades like these as we head into the weekend, check out my Weekend Wiretap 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!