In Monday’s Blitz Daily, we take a look at JP Morgan Chase & Co. The financial services and investment bank is up $4 a share today, and traders are moving in on that strength to pick up two different option calls over the next two months.
We have a lot of big economic data that’s going to be released this week. And if the market rallies, we’re going to see JP Morgan Chase & Co (NYSE: JPM) move right along with it.
Buyers came after the Nov. 5 expiration $180 strike call right at lunchtime. More than 10,000 contracts changed hands in 10 minutes between $0.74 and $0.99 — nearly $1 million in premium! Take a look at that rally…
As you can see, JPM keeps running higher and higher, and traders appear to be super bullish on its forward momentum. They also jumped in to pick up $300,000 worth of the Oct. 1 $167.50 call, as well!
And we’re not done yet! I have two more trades seeing awesome institutional activity. So let’s get rolling…
JPMorgan Chase & Co. (NYSE: JPM) Oct. 1 $167.50 CALL; Nov. 5 $180 CALL.
Goodyear Tire & Rubber Co. (Nasdaq: GT): Nov. 19 $19 CALL.
Dynatrace Inc. (NYSE: DT): Nov. 19 $75 CALL.
Check out my short video and I’ll break down today’s most unusual options order flow in under two 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 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!