Earnings season is when the majority of stocks make their biggest moves of the year…
Which is a powerful opportunity that traders can take advantage of to bring home outsized returns.
And if you’ve been following along here at Future of Wealth, you know that the Blitz Tracker is firing on all cylinders this quarter!
After pinpointing two earnings options trades that led to astronomical gains the past two weeks, we’re back again for another heaping helping of… profits!
When most traders think of snagging a three-bagger — a gain of 100% or more — they likely envision an upside play, otherwise known as a call option…
This happens mostly because it’s easier. After all, there’s no limit to how high a stock can move to the upside, while it can only fall 100% to $0, at most.
But this is where the power of options trading comes into play, where even a small move in the right stock can turn into a game-changing return.
And for the second week in a row, we’ve tagged another triple-digit, downside earnings options trade win, this time on cloud computing stock Fastly Inc. (NYSE: FSLY)!
The Blitz Tracker’s Third MONSTER Earnings Options Trade Win This Season
The past year and a half were a roller coaster for this self-described “edge cloud” company.
The stock went parabolic at the start of the pandemic as traders poured into anything and everything tech. Fastly rode that wave to $136.50 per share before falling victim to selling pressure, knocking it all of the way down under $45 at Wednesday’s close.
The bears were all over this earnings options trade, buying puts in considerable size on Wednesday, and Weekly Blitz Alerts members received their alert to enter the trade that afternoon at $2.20 per contract.
Fastly reported earnings after the bell, only for the stock to disappoint on already dismal expectations.
The firm narrowly missed on revenue expectations for the second quarter, but it was the reason for its lowered guidance that spooked shareholders most…
The company’s content delivery network (CDN) suffered a service outage on June 8 that took out websites around the world, including the Amazon.com Inc. (Nasdaq: AMZN) live-streaming platform Twitch.
The CDN hiccup impacted quarterly revenue, scared off top clients and delayed onboarding for new customers…
That was more than enough to stoke selling pressure after hours, with shares dropping over 20%…
That helped our puts close for our third eye-popping, overnight gain — this time for 254.55% — in as many weeks!
It’s hard enough to book monster wins to the upside… But with an assist from the Blitz Tracker, we’ve tagged two massive downside earnings options trade wins in less than a week!
Check out the video below and find out what I had to say about the trade in my “war room.”
Don’t forget 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!
P.S. Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?
It’s because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else!
And while their methods are usually kept under lock and key… I’m pulling back the curtain on Wall Street’s best kept market strategy.
I’m ready to reveal how tracking what I call a “Shadow Blitz” can help predict which stocks are ready to explode…
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