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Blitz Daily: Blood Buyers Jump on Social Media Slump as Tech Dips on Thursday

by | Dec 16, 2021 | Crypto

In Thursday’s Blitz Daily, we take a look at social media leviathan Meta Platforms, formerly known as Facebook, as money flows out of tech in a flight to safety.

Easy come, easy go. Thursday saw the tech-heavy Nasdaq take a 2-plus percent dive, giving back all of its gains from Wednesday’s post-Federal Reserve decision rally. With money flowing out of tech and into safety (including The Kraft Heinz Company (Nasdaq: KHC) that Weekly Blitz Alerts traded for our second win in less than 24 hours this week — but more on that later!) social media network Meta Platforms saw shares fall as much as 2.22% from its Dec. 15 closing price at the time this was written.

The drop was enough to attract the attention of dip-buyers looking for a quick turnaround ahead of the upcoming holiday-shortened week. Traders took aim on the Dec. 23 $350 strike calls, trading more than 27,000 contracts — nearly seven times the open interest!

And if you hit the like button on that trade, I have two more top options plays traders also need to keep their eyes on below…

    • AMC Entertainment Holdings Inc. (NYSE: AMC): Jan. 7, 2022, $24 PUT. 
    • Meta Platforms Inc. (Nasdaq: FB): Dec. 23 $350 CALL. 
    • Ford Motor Co. (NYSE: F): Dec. 17 $9.50 CALL.

Check out my short video, and I’ll break down the day’s most unusual options order flow in a few short minutes!  

P.S. I call them “Overnighters…” And in the past couple of months, I’ve pegged returns of 76%, 100%, 109%, 254% and even a rare 925% return — yes, all overnight! And there are plenty more catalyst events coming up… Ready to learn how I do it? Check out my secret strategy for FREE!

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

Lance Ippolito

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