In Wednesday’s Blitz Daily, we’re looking at the order flow in financial technology company Affirm Holdings.
We’ve covered this ticker a few times before. It’s been in the news a lot over the past month for striking up “buy now, pay later” partnerships with giants like Shopify, Amazon, and Walmart.
But Wednesday morning, news broke that it had signed yet another partnership. This time it’s with Target, and just ahead of the onslaught of the busy holiday shopping season.
The news brought institutional investors in, sending shares up $17… They jumped on the weekly $120 and $130 calls.
We’re also seeing continued buying in energy stocks like Devon Energy, Marathon Oil, Chevron and Exxon Mobil… Especially when there’s blood in the streets.
When these energy names drop, as they did Wednesday morning, traders come in and buy them up with both hands. And I have two more energy stocks in particular seeing unusual order flow today…
- Affirm Holdings Inc. (Nasdaq: AFRM): Oct. 8 $120 CALL.
- Nordstrom Inc. (NYSE: JWN): Oct. 8 $29 CALL.
- Schlumberger Ltd. (Nasdaq: SLB): Nov. 19 $35 CALL
- Occidental Petroleum Corp. (NYSE: OXY): June 17, 2022, $32 CALL
Check out my short video and I’ll break down today’s most unusual options order flow in under three 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!