In Tuesday’s Blitz Daily, we’re looking at beaten-down social media company Facebook as traders return to pick up even more calls on the stock.
Facebook has been in hot water lately, and its share price has suffered for it. First, there was the “60 Minutes” segment about the company’s failure to curb the spread of misinformation and hate speech circulating on its site.
And on Tuesday, news broke that Facebook agreed to pay over $14 million to settle worker discrimination claims.
The stock has dropped well below both its 20- and 50-day moving averages, but it seems traders believe the worst is over… Because they came in to snap up over 36,000 contracts of the Oct. 22 $345 strike calls!
But if you’re tired of seeing Facebook in the news, don’t worry… I have seven other trades seeing unusual amounts of attention right now including some Southwest Airlines calls I was able to sneak into just before the bell during a special LIVE earnings trade room…
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- Apple Inc. (Nasdaq: AAPL): Oct. 29 $152 CALL.
- Southwest Airlines Co. (NYSE: LUV): Oct. 22 $50 CALL.
- Marvell Technology Inc. (Nasdaq: MRVL): March 18 2022 $80 CALL.
- American Airlines Group Inc. (Nasdaq: AAL): May 20 2022 $19 PUT.
- Baidu Inc. (Nasdaq: BIDU): Dec. 17 $33 CALL.
- Alcoa Corporation (NYSE: AA): Nov. 11 $57 CALL.
- DraftKings Inc. (Nasdaq: DKNG): Oct. 22 $51 CALL.
- Facebook Inc. (Nasdaq: FB): Oct. 22 $345 CALL.
Check out my short video, and I’ll drop today’s most unusual options order flow in 58 seconds!
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!
