Blitz Daily: Bullish Options Activity Heats up Amid Steel Meltdown

by | Sep 20, 2021 | Crypto

In Monday’s Blitz Daily, we’ll take a look at steel manufacturer ArcelorMittal as buying activity heats up amid Evergrande’s collapse in China.

If you remember from this past week, we saw some big puts on this company in the Daily Profits War Room. ArcelorMittal (NYSE: MT) has been trending lower recently. Ore prices are down, partially due to the troubles with Evergrande and fears that the country will cut steel production. And we saw some big buyers coming in for that dip.

MT has been a favorite target for both bears and bulls. Friday saw bears picking up short-term puts for the ride lower. But Monday, the bulls took the reins and have come back repeatedly for long-term calls. One trader dropped over $279,000 on 1,000 contracts of the Nov. 19 expiration $29 calls, giving them plenty of time for the story to turn around. 

I think all steel names are buys in this environment, so be sure to look around U.S. Steel Corp. (NYSE: X), Cleveland-Cliffs Inc. (NYSE: CLF) and Steel Dynamics Inc. (Nasdaq: STLD) as well — and buy that blood! 

I have two more trades seeing major institutional activity… So “steel” yourself for these opportunities… 

  • ArcelorMittal (NYSE: MT): Nov. 19 $29 CALL.

  • Moderna Inc. (Nasdaq: MRNA): Oct. 15 $550 CALL.

  • Palantir Technologies Inc. (NTSE: PLTR): Sept. 24 $30 PUT.

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!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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