In Tuesday’s Blitz Daily, we take a look at digital residential real estate platform Opendoor Technologies ahead of its third-quarter earnings report on Nov. 10.
This company was quick to capitalize on the hot real estate market earlier this year, aggressively expanding its reach and buying up properties at a rate that put competitor Zillow to shame.
In its second-quarter report, Opendoor beat estimates on revenue by 8%, and earnings per share by a staggering 108%.
The stock is currently trading for around $23 per share and it seems traders are anticipating another solid quarter, buying up more than 3,000 of the Nov. 12 $24.50 calls for about $390,000 worth of premium.
But if you’d like to shop around to see what else is on the market, two other earnings plays hit the tape Tuesday…
- Opendoor Technologies Inc. (Nasdaq: OPEN): Nov. 12 $24.50 CALL.
- Marqeta Inc. (Nasdaq: MQ): Dec. 17 $25 CALL.
- Kohl’s Corp. (NYSE: KSS): Oct. 29 $940 CALL.
Check out my short video, and I’ll break down today’s most unusual options order flow in just 63 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!