Blitz Daily: The COTY Bulls Just Bet Another $2.1M That KKR Got It Wrong!

by | Sep 9, 2021 | Uncategorized

In Thursday’s Blitz Daily, we’ll take a look at cosmetics company Coty as the bulls continued buying the dip from Wednesday’s secondary offering announcement.

Buyers were back for more Coty Inc. (NYSE: COTY) on Thursday, just one day removed from a 12.5% slide. Shares were up as much as 2.5% during the session, with more than double the average trading volume and a midday shout out on CNBC. 

Institutional traders went full bore on the next strike down from Wednesday’s big buys. They picked up more than 21,000 contracts — about $2.1 million in premium — proving that even though KKR might be out, they’re all in!

And I was able to peg another ticker seeing massive order flow hours before it got a TV mention, popping the stock 8.5%! Check out the video and today’s top order flow and see for yourself…

  • Coty Inc. (NYSE: COTY): Nov. 19 $8 CALL.

  • The RealReal Inc. (Nasdaq: REAL): Oct. 15 $12.50 CALL.

  • Matterport Inc. (Nasdaq: MTTR): Sept. 17 $17.50 CALL.

Check out my short video and I’ll break down today’s most unusual options order flow in two minutes flat… 

This has been a lot of fun to see play out! My Daily Profits Challenge members and I have spent the past two days following the whole COTY situation as it happened LIVE in my War Room. A lot can happen over the course of one session — Thursday saw a 49% winning trade in Cisco Systems Inc. (Nasdaq: CSCO) unfold in 20 minutes! So if you want 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!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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