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Blitz Daily: Strong Black Friday Sales Mobilize ‘Meme Stonk’ Retail Army

by | Dec 8, 2021 | Crypto

In Wednesday’s Blitz Daily, we take a look at internet retail company Jumia as shares continue their run up on the strength of its Black Friday sales.

If you’ve heard of Jumia Technologies, odds are good you’re from one of the handful of countries where the online marketplace does most of its business… or you’re a degenerate trader. 

Once touted as the “Amazon of South Africa,” JMIA shares have rocketed over 30% higher from Monday’s closing price after the company released record Black Friday sales figures for 2021.

Preliminary numbers show Jumia’s gross merchandise volume  and total orders up more than 30% year over year.

That news has rattled the cages of the retail trading army and sent them on a buying frenzy, with the “apes” grabbing the Dec. 17 $15 strike call options in bunches as more than 30,600 contracts changed hands.

And that’s not the only trade tearing up the tape Wednesday… I have three more tickers seeing unusual options flow right below…

    • Jumia Technologies AG (NYSE: JMIA): Dec. 17 $15 CALL. 
    • Apple Inc. (Nasdaq: AAPL): March. 18, 2022, $195 CALL. 
    • Alibaba Group Holding Ltd. (NYSE: BABA): Dec. 17 $135 CALL.
    • Xtrackers Harvest CSI 300 China A-Shares ETF (NYSEArca: ASHR): Dec. 17 $41 CALL.

Check out my short video and I’ll break down the day’s most unusual options order flow in less than four minutes! 

For more guidance through the stock markets and big-money trades like these as we head into the new year, check out my Weekly Blitz Alerts strategy!

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 I think can happen with that stock by the next day’s opening bell. 

If you want in on these fast-moving 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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