In Monday’s Blitz Daily, we take a look at shoe retailer Foot Locker ahead of the mid-week retail sales report.
Shares of the company dropped like a stone following its earnings event back on Nov. 19. Foot Locker reported third-quarter 2021 sales of nearly $2.2 billion, up 3.9% from the year-ago quarter and beating consensus estimates.
Unfortunately, the firm wasn’t able to calm supply chain fears heading into the holiday season. Since the report, shares have seen a 35% haircut.
A good showing from Wednesday’s retail sales report could be the shot in the arm the stock needs to break its three-week slide.
With shares closing in on 5% from their 2021 low, bulls are laying monster bets that the stock can run, with one trader dropping over $300,000 in premium on the Dec. 23 $43 strike calls!
And that’s not the only retail name seeing bullish action heading up to the report. I have two more must-see trades waiting for you below…
- Foot Locker Inc. (NYSE: FL): Dec. 23 $43 CALL.
- Macy’s Inc. (NYSE: M): Mar. 18, 2022, $26 CALL.
- Under Armour Inc. (NYSE: UAA): Dec. 31 $24 CALL
Check out my short video, and I’ll break down the day’s most unusual options order flow in no time flat!
And if you want more guidance on trades like these, be sure to check out Tuesday’s FREE event where I’ll reveal the powerful trading technique that’s helped me nail over 50 winning trades in 2021 — overnight!
The event kicks off LIVE on Tuesday, Dec. 14, at 1 p.m., so click here to get your spot before time runs out!
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!