In Thursday’s Blitz Daily, we take a look at online marketplace Alibaba as shares bounce off of their 52-week lows.
While China-based retailer Alibaba Group started off the year at record highs, it’s ending the year near record lows after being hit by stiff regulatory headwinds.
Shares are down nearly 48% on the year, but Thursday saw the stock shoot skyward 10% from Wednesday’s close after Beijing announced it would focus on consumption recovery.
The news lifted several China-based tech names and sparked a torrent of options buying, with one big swinger grabbing over 1,800 contracts of the BABA Jan. 7, 2022 $123 strike calls. For more than $170,000 in premium!
Of course, if you prefer to shop around, I have two more options trades burning up the tape Thursday…
- Alibaba Group Holding Limited (NYSE: BABA): Jan 7, 2022, $95 CALL.
- NIO Inc. (NYSE: NIO): Feb. 4, 2022, $35 CALL.
- Pfizer Inc. (NYSE: PFE): Jan. 7, 2022, $59.50 CALL.
For more guidance through the stock markets and big-money trades like these as we head into 2022, check out my Weekly Blitz Alerts strategy!
P.S. WealthPress Senior Strategist Roger Scott just covered his top 3 predictions, his top sector, his No. 1 stock and his No. 1 stock to avoid for the new year during his “Turning Point 2022” event!
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!