In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at tech king Apple as the bears look for protection against this week’s tech earnings.
After two happy days with markets in the green, there’s a lot of bearish options action hitting the Blitz Tracker on Tuesday — especially in tech names. And with so much on the line for the market with Google parent company Alphabet Inc. (Nasdaq: GOOGL) set to report after the bell Tuesday, traders don’t want to be wiped out in the event of another downside move.
One bet that caught my attention saw traders take an oversized position in one of last week’s market heroes, Apple. One big bear dropped over $900,000 in premium on the March 11 $170 strike puts, with more than 7,500 contracts traded on the day!
Of course, that’s not the only flow hitting the scanner Tuesday… I’ve got more bearish action waiting below…
- Honeywell International Inc. (Nasdaq: HON): Feb 4 $200 PUT.
- Apple Inc. (Nasdaq: APPL): March 11 $170 PUT.
- LivePerson Inc. (Nasdaq: LPSN): March 18 $30 PUT.
- Farfetch Ltd. (NYSE: FTCH): April 14 $30 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in no time flat!
For more guidance through the stock markets and big-money trades like these through earnings season, 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!