In Tuesday’s Blitz Daily, we take a look at travel name American Airlines as shares continue to surge on the strength of solid holiday traffic.
Travel stocks are ripping higher this week as TSA data shows the highest traffic levels since the start of the pandemic. Turnstile numbers for December show American travel demand is at 83% of 2019 levels, edging out the 81% mark set by travellers in November.
That increasing demand, along with bullish outlooks from other names in the sector, have pushed shares of American Airlines up more than 6.5% during the rally! Options traders took aim on the Feb. 18, 2022, $19 strike calls, picking up over 6,600 contracts for about $132,000 in premium!
Of course, that’s not the only high flyer hitting the tape Tuesday. I have two more options plays traders need to see before they take off for the holiday…
- American Airlines Group Inc. (Nasdaq: AAL): Feb. 18, 2022, $19 CALL.
- Callaway Golf Co. (NYSE: ELY): Jan. 21, 2022, $26 CALL.
- Olaplex Holdings Inc. (Nasdaq: OLPX): Feb. 18, 2022, $26 CALL.
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!