In Thursday’s Blitz Daily, we take a look at technology powerhouse Apple ahead of its third-quarter earnings report following the day’s closing bell.
Thursday’s top options flow isn’t going to come as much of a shock, because when Apple moves, it takes the entire Nasdaq with it.
Market makers have their implied move around $3.68 higher or lower for the tech titan’s earnings event — right in line with the move shares made by noon on Thursday.
So it will be interesting to find out if what we see is what we get, or if the stock will continue to break toward new record highs.
The bulls are betting AAPL has more room to run, buying call options by the truckload. Traders rolled in and picked up over 26,000 contracts of the Feb. 18, 2022 expiration $170 strike calls!
But even if Apple is played out, I have four more unusual options bets ready and waiting — including two biotech names to improve the health of your portfolio.
- Apple Inc. (Nasdaq: AAPL): Feb. 18, 2022 $170 CALL.
- Cleveland-Cliffs Inc. (NYSE: CLF): Nov. 19 $21.5 CALL.
- Chewy Inc. (NYSE: CHWY): Oct. 29 $73 CALL.
- GlaxoSmithKline PLC (NYSE: GSK): Dec. 17 $43 CALL.
- Merck & Co. Inc. (NYSE: MRK): Jan 21, 2022. $87.50 CALL.
Check out my short video, and I’ll break down today’s most unusual options order flow in five 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!