In Tuesday’s Blitz Daily, we take a look at chipmaker Qualcomm as the company hosts its annual investor day.
Who needs the iPhone? Not Qualcomm…
The world’s largest supplier of mobile phone chipsets told investors and the press it expects sales of its hardware to increase 12% by 2024, even as its business with Apple Inc. (Nasdaq: AAPL) begins to taper off.
That vote of confidence was all the confirmation Wall Street needed to come rushing in. Share prices for the communications pioneer jumped as high as 10% over Monday’s close, sending call options on a quick trip to the moon!
Big buyers liked what they saw and picked up over 15,500 contracts of the Nov. 19 $185 strike calls Tuesday afternoon for more than $700,000 in premium!
And that’s not the only big bet hitting the tape today. I have 5 more top options plays ready to answer the call…
- Lucid Group Inc. (Nasdaq: LCID): Nov. 19 $50 CALL.
- Canadian Solar Inc. (Nasdaq: CSIQ): Nov. 26 $40 CALL.
- Peloton Interactive Inc. (PTON): Nov. 19 $54 CALL.
- Intel Corp. (Nasdaq: INTC): Dec. 3 $52.5 CALL.
- Qualcomm Inc. (Nasdaq: QCOM): Nov. 19 $185 CALL.
- Opendoor Technologies Inc. (Nasdaq: OPEN): Dec. 17 $22 CALL.
Check out my short video, and I’ll break down the day’s most unusual options order flow in two minutes flat!
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!