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Blitz Daily: Institutional Traders Buy the Travel Dip After Omicron Sell-Off

by | Nov 29, 2021 | Crypto

In Monday’s Blitz Daily, we take a look at travel company United Airlines as the latest coronavirus variant outbreaks spread quickly out of Southern Africa.

The travel industry can’t catch a break… After a nice pop following the initial vaccine wave in early 2021, the delta variant quickly clipped airlines’ wings, and it’s like déjà vu all over again… 

This time it’s the omicron variant mucking things up.

United shares dropped as low as $40.16 during Friday’s sell-off — a 14% decline from its pre-Thanksgiving close. But all that selling can’t chase off the permabulls!

Monday saw big traders buying the United Airlines Dec. 17 $43 strike calls for between $2  and $1.80 per contract — more than $230,000 in premium!

But if you’re looking for something a little more grounded, I have two more trades waiting for you below…

    • United Airlines Holdings Inc. (Nasdaq: UAL): Dec. 17 $43 CALL.
    • Nvidia Corp. (Nasdaq: NVDA): Dec. 3 $330 CALL.
    • Tesla Inc. (Nasdaq: TSLA): Dec. 3 $1200 CALL.

Check out my short video, and I’ll break down the day’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!

 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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