In Thursday’s Blitz Daily, we take a look at steelmaker Cleveland-Cliffs as the company closes on its new acquisition.
Now that President Joe Biden’s new infrastructure bill has been signed into effect, steel manufacturers around the country are jockeying for position to grab their share of that $1.2 trillion.
Thursday saw Ohio-based producer Cleveland-Cliffs pad its résumé as it closed on its acquisition of scrap steel company Ferrous Processing and Trading, which will help it maintain its place atop the flat-rolled steel game.
Shares of CLF have lost almost 19% amid a three-week industry sell-off, but the bulls on Wall Street came in Thursday ready to buy the dip! Deep-pocketed traders dropped over $250,000 to pick up 1,633 contracts of the Feb. 18, 2022, $23 strike calls!
And that’s not the dip seeing bullish action today, I have three more must-see trades waiting below…
- Cleveland-Cliffs Inc. (NYSE: CLF): Feb. 18 $23 CALL.
- Oracle Corp. (NYSE: ORCL): Nov. 19 $94 CALL.
- Intel Corp. (Nasdaq: INTC): Dec. 3 $48 CALL.
- Taiwan Semiconductor Manufacturing Co. (NYSE: TSM): Dec. 17 $130 CALL.
For more guidance through the stock markets and big money trades like these as we head into the weekend, check out Thursday’s LIVE event at 7 p.m. EST, where I’ll reveal all the details of my Wiretap Trade 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!