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Blitz Daily: AMD Crushes Earnings. Bulls See More Call Option Upside

by | Feb 2, 2022 | Crypto

In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at multinational semiconductor company AMD after it smashed fourth-quarter earnings estimates. 

Advanced Micro Devices Inc. (Nasdaq: AMD) reported earnings per share of $0.92 versus analyst estimates of $0.76. On a year-over-year basis, earnings soared 77% while sales rose 49%.

The company also revealed it expects sales for 2022 to total $21.5 billion, higher than analyst expectations.

This stellar report promptly sent shares up 10%, scoring a huge win for the New Money Crew Weekend Watchlist. And traders are certainly confident in the stock’s forward momentum, coming in to pick up the weekly $125 calls. 

Of course, that’s not the only big news hitting the wires on Wednesday… I’ve got more bearish action waiting below…

  • Advanced Micro Devices Inc. (Nasdaq: AMD): Feb 11 $125 CALL. 
  • PayPal Holdings Inc. (Nasdaq: PYPL): March 18 $135 PUT. 
  • Robinhood Markets Inc. (Nasdaq: HOOD): April 15 $13 PUT. 

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!

P.S. Hedge funds and large institutions test out new stocks they want to add to their portfolios at the start of each month. They’re moving mountains of cash into new stocks, buying in chunks to test price sensitivity. 

As they enter, the stocks are poised to gain momentum through the rest of the month. So when these moves pop up on my scanner… I ride these babies all the way to the end of the month for gains like 105%… 201%… and even 423%!

Get the Latest Money Flows Here!

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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