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Bears Brace for Turbulence Amid American Airlines Legal Battle

by | Nov 21, 2022 | Options

Markets moved lower Monday on reports of new lockdowns in China as the country continues to battle COVID-19 outbreaks in its major cities.

The news crushed tech and growth names early in the session, with the Nasdaq slipping around 1% on the day.

Between the upcoming holiday and falling volatility, we’re not seeing much in the way of big options orders…

One of the stand-out names hitting the tape is American Airlines as the travel giant wrestles with Uncle Sam in court over a business deal with JetBlue.

American Airline Chart (Blitz Daily With Lance Ippolito)

Wondering what those little arrows mean and how they can help improve your trading? Get the details here!

With one more hearing set before the ruling, my scanners spotted some deep in-the-money put buying roll across the wire in the first 30 minutes…

Big-money traders grabbed around 4,100 contracts of the Dec. 16 expiration, $18 strike puts for around $1.5 million in premium!

And I have more outsized options plays where that came from…

  • Cloudflare Inc. (NYSE: NET): Feb. 17, 2023, $60 CALL.
  • American Airlines Group Inc. (Nasdaq: AAL): Dec. 16, $18 PUT.
  • Tesla Inc. (Nasdaq: TSLA): Dec. 18, $175 CALL.

Check out my short video as I break down the day’s most unusual options order flow in no time flat! 

P.S. What WWII, the Great Recession and the COVID-19 Crash Had In Common

Trading has been harder than ever for most people this year… 

But what if you were able to take advantage of ONE market trend that’s been proven, time and time again?

One that’s never failed to unfold, even during the Great Depression, World War II, 1987’s Black Monday and the dot-com crash, to name a few… 

We’re talking about one trend a very unlikely trader stumbled upon around 560 days ago… And once she shared this trend with Senior Strategist Roger Scott, I was SHOCKED!

He couldn’t believe he’d never seen this in his near-three decades of trading…

She’s set to reveal the details LIVE at 1 p.m. ET on Wednesday, Nov. 23.

And the best part is, it doesn’t cost a thing to attend! 

Uncover the Details Here

Blitz Daily With Lance Ippolito

At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email 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 on WealthPress.com!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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