My Earnings Trade of the Year! How We Made 926% — Overnight

by | Jul 26, 2021 | Uncategorized

Oh my days, do I love earnings season! 

This time of year, we can find a lot of good trades along with some great trades…  

But then sometimes there are legendary earnings trades! 

These are the kinds of trades with returns you see advertised and think to yourself, “There’s no way that’s real!” 

Well, this past Thursday in my absolutely free Weekly Blitz Alerts live trading room, attendees got the low-down on a legend in the making, live and in person! 

Because everyone in the audience had a chance to book a trade in Snap Inc. (NYSE: SNAP), which spit out the earnings trade of the year — a 926% return… overnight! 

SNAP, SKE and My Blitz Earnings Trade of the Year 

During the class, the Blitz Tracker spotted a massive move in SNAP as institutional buyers grabbed 1,968 contracts of the July 23 weekly $67 calls. 

Snap was set to release earnings after the bell, so with an expected move around $5.50, we needed shares to beat that expectation for this to be a good trade. 

I knew it had the potential to be great, but this one just kept getting better… 

Snap reported second-quarter revenue of $982 million — nearly a double of Q2 2020 — and added over 13 million daily active users for the quarter. This murdered most expectations in a surging advertising market. 

When markets opened Friday, the stock shot up a scorching 25% from its previous close…

And those calls traded from $1.17 to over $12.00 per contract in less than a day! 

It’s easily the Blitz trade of the year… so far. 

And it completely overshadowed another fantastic trade in Skechers USA Inc. (NYSE: SKE), which brought in a 50% overnight return. 

This is why I love earnings season, and I love what I do! There aren’t many better feelings than helping traders set themselves up for success. 

There’s so much value to unlock during earnings season, and we’re just getting started… So if you’re not a Blitz member already, I hope you check it out! 

As always, you can follow me on social media @LanceIppolito on Twitter and Instagram. Check out the short video below and leave a comment and let me know if you were in the webinar, and if you got in on what may be the earnings trade of the year with SNAP or SKE, I want to hear all about it! 

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…

Handing everyday traders huge cash windfalls in as little as 24 hours!

How to use this powerful trading discovery.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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