In Monday’s Blitz Daily, we’ll take a look at drug manufacturing company Dynavax Technologies as shares plummet after losing a major government contract.
The bears got a little too hungry on Friday and the bulls are running wild. One of the major targets to start the week is Dynavax. The vaccine developer announced early Monday the U.K. government terminated its supply agreement with Dnavax’s French partner, Valneva. The news sank DVAX stock roughly around 16% on the day, whipping bulls into an option buying frenzy! Call buyers came in hot picking up multiple rounds of the Oct. 15 expiration $16 calls, trading over 2,700 contracts on the day!
And if that’s not enough to get your blood pumping, I have three more trades that are tearing up the tape….
Dynavax Technologies Corp. (Nasdaq: DVAX): Oct. 15 $16 CALL.
Zynga Inc. (Nasdaq: ZNGA): Sept. 17 $8.50 CALL.
Tempur Sealy International Inc. (NYSE: TPX): Oct. 15 $50 CALL.
SmileDirectClub Inc. (Nasdaq: SDC): Sept. 17 $5.50 CALL.
Check out my short video and I’ll break down today’s most unusual options order flow in no time 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 our 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 Scanner, 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 Scanner 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!