In Wednesday’s Blitz Daily, we take a look at restaurant chainTexas Roadhouse ahead of its third-quarter earnings report after the bell Thursday.
Concerns over this past summer’s delta variant outbreak saw shares of the steakhouse decline around 19% from its 2021 highs. That’s in spite of beating expectations in its previous two quarters.
And institutional buyers are showing us they’ve had enough! One trader booked a massive bet on the food name, buying over 6,000 contracts and dropping more than $3 million on the May 20, 2022, expiration $100 strike calls!
And that wasn’t the only bullish bet raising the stakes today. I have four more prime, grade-A options waiting for you…
- Cisco Systems Inc. (Nasdaq: CSCO): Nov. 5 $56.50 CALL.
- Juniper Networks Inc. (NYSE: JNPR): Dec. 17 $30 CALL.
- Texas Roadhouse Inc. (Nasdaq: TXRH): May 20, 2022 $100 CALL.
- Uber Technologies Inc. (NYSE: UBER): Nov. 5 $44 CALL.
- Las Vegas Sands Corp. (NYSE: LVS): March 18, 2022. $42 CALL.
Check out my short video, and I’ll break down today’s most unusual options order flow in 2 1/2 minutes flat!
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!