In Wednesday’s Blitz Daily, we take a look at multinational technology titan IBM after disclosing details of its latest spinoff with the SEC.
Shares are around $139 right now, and we’re seeing some action in the Oct. 8 $138 strike calls.
Now I know what you’re thinking…
“Lance, this is a boring, low-beta stock. What am I going to do with this?”
Print money, that’s what! In this choppy market, boring stocks have been working out the best because all it takes is a small move to see big gains!
And good ol’ Big Blue is on a tear! Look at the chart!
As you can see, IBM recently closed above its 50-day moving average, which is a strong line of support for the share price. And the bulls came in strong, with repeat call buying in the Oct. 8 expiration $138 and $140 strike options, with more than 4,000 contracts traded between them!
But we’re not done yet! I have three more trades seeing unusual order flow, so let’s get moving…
International Business Machines Corp. (NYSE: IBM): Oct. 8 $140 CALL.
The Boeing Company (NYSE: BA): Oct. 15 $230 CALL
Dollar Tree, Inc. (Nasdaq: DLTR): Oct. 1 $101 CALL
Gogo Inc. (Nasdaq: GOGO): Oct. 15 $18 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 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!