In Wednesday’s Blitz Daily, we’ll take a look at social networking company Twitter as traders buy the dip after an analyst downgrade.
The bears keep doing their best to take stocks lower, but the bulls continue to buy every dip they can get their horns on. Wednesday saw massive bets flow into next-gen communications monolith, Twitter Inc. (NYSE: TWTR).
The company spent the past two days licking its wounds after Goldman Sachs issued a “sell” rating on the stock. Shares sold off sharply Monday, dropping over 2.5% following the release.
But that started to turn around during Wednesday’s session as the bulls took their turn and pushed shares above its Sept. 10 closing price. Options traders were quick to jump in the action, with one buyer dropping a cool $4 million bet on the Oct. 15 expiration $60 strike price call options.
This was just one of the dips hitting the top flow on Wednesday. Check out these must-see trades…
Twitter Inc. (NYSE: TWTR): Oct. 15 $60 CALL.
DocuSign Inc. (Nasdaq: DOCU): Sept. 24 $275 CALL.
Coty Inc. (NYSE: COTY): Nov. 19 $9 CALL.
Check out my short video and I’ll break down today’s most unusual options order flow in two 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 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!