In Thursday’s Blitz Daily, we take a look at rideshare company DiDi Global after shares surged with other Chinese tech stocks.
We’re seeing a lot of paper get printed Thursday, and the top flow by far has been DiDi. Shares of the Chinese mobility app went through the roof, trading up over 10% on the day!
The bulls were charging up and down the options chains of several big Chinese tech firms. These tech stocks caught a nice bid before Tesla’s earnings shot them into ludicrous mode after the opening bell!
In particular, traders were targeting the Nov. 19 expiration $9.50 strike calls, buying over 7,500 contracts including a sweep for about $115,000 of premium!
And if you’re aren’t looking to take a ride with DIDI, I have four other options plays ready for a pickup…
- Didi Global Inc. (NYSE: DIDI): Nov. 19 $9.50 CALL.
- Snap Inc. (NYSE: SNAP): Oct. 29 $75 CALL.
- Tesla Inc. (Nasdaq: TSLA): Oct. 29 $940 CALL.
- Ulta Beauty Inc. (Nasdaq: ULTA): Oct. 22 $370 CALL.
- Vodafone Group Plc (Nasdaq: VOD): Nov. 5 $24 CALL.
Check out my short video, and I’ll break down today’s most unusual options order flow in just 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!