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Traders Are Buying the Blood on This Sinking Social Media Stock

by | Oct 4, 2021 | Crypto

In Monday’s Blitz Daily, we take a look at beaten-down social media company Facebook as traders are buying the blood following a 60 Minutes interview with a former employee turned whistleblower. 

Releasing tens of thousands of pages of emails and other internal documents, the whistleblower alleges Facebook lied about its efforts to remove misinformation and hate speech from its social media websites. 

It’s certainly not a good look for the company publicly, and sent the stock down about 5.5% Monday to $323 per share. 

But it doesn’t seem as though traders believe this is going to last. If anything, they’re using it as an opportunity and are taking advantage of the dip, dropping $1.69 million on the Nov. 5 $330 calls.

But that’s not the only activity our Blitz tracker is picking up. It’s covering all sectors of the market, including two mining-related stocks. 

So let’s take a look at these golden opportunities…

  • Facebook Inc. (Nasdaq: FB): Nov. 5 $330 CALL. 
  • Marathon Digital Holdings Inc. (Nasdaq: MARA): Nov. 19 $33 CALL.
  • Newmont Corp. (Nasdaq: NEM): Jan. 20, 2022 $70 CALL.

Check out my short video and I’ll break down today’s most unusual options order flow in under two minutes! 

And if you want to get in on these orders as they hit my Blitz Tracker in real time — and even more actionable trade ideas — be sure to join us in the Daily Profits Challenge War Room! 

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’s going to happen with that stock by the next day’s opening bell. 

If you want in on these explosive 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

Lance Ippolito

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