In Monday’s Blitz Daily, we’re looking at social media mecca Snap Inc. (NYSE: SNAP) as shares drop 2% ahead of Thursday’s earnings event.
I’m a sucker for Snap earnings, especially after scoring one of my best trades of the year, a 926% overnight win, on its second-quarter event. The company reports earnings after the close on Thursday, and the bulls are trading the options in size once again!
Specifically, the suits are targeting the Oct. 29 expiration, $79 strike calls, trading more than 6,200 contracts on the day around $3 per contract.
But if Snap isn’t the story for you, don’t worry, I have two more earnings plays seeing unusual amounts of attention…
- Snap Inc. (NYSE: SNAP): Oct. 29 $79 CALL
- Activision Blizzard Inc. (Nasdaq: ATVI): Dec. 17 $80 CALL
- Huntsman Corporation (NYSE: HUN): Dec. 17, $33 CALL
Check out my short video, and I’ll break down today’s most unusual options order flow.
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!