In Tuesday’s Blitz Daily, we’ll take a look at some longer-dated options as the market reacts to news of the omicron coronavirus variant, and comments from Federal Reserve Chair Jerome Powell.
It seems ol’ J-Pow is interested in pulling back on bond purchases even faster than originally planned…
We’re seeing nasty price action right now, and there isn’t much flight to safety in the current market… which is why we’re looking further out.
And one of the companies seeing some longer-dated buying is automaker General Motors.
It looks like someone thinks GM’s share price is going to go down in flames as traders came in to buy $420,000 worth of the Dec. 17, $57 strike puts.
If GM doesn’t get your motor running, I have two other longer-dated trades seeing unusual options activity…
- General Motors Company (NYSE: GM): Dec. 17 $57 PUT.
- Abercrombie & Fitch Co. (NYSE: ANF): Jan. 21, 2022, $36 CALL.
- Delta Air Lines Inc. (NYSE: DAL): Dec. 17 $36 CALL.
Check out my short video, and I’ll break down the day’s most unusual options order flow in less than four 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!
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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!