In Thursday’s Blitz Daily with Lance Ippolito, we take a look at blue-chip oil company BP as the energy sector continues to outperform.
January was a brutal month in the markets… But while most sectors were getting their booties handed to them, energy stocks were cleaning up. Just take a look at the Energy Select Sector SPDR Fund (NYSE Arca: XLE), up nearly 18% so far in 2022!
And with tech back on shaky ground, we’re seeing loads of institutional flow into lower-beta energy names.
One name hitting the tape Thursday is BP as traders look for oil to march higher in the near term.
Big buyers were blasting the Feb. 25 $32 strike call options, with one trader grabbing over 1,900 contracts for more than $132,000 in premium!
That’s not the only outsized order being printed Thursday… I have two more slick trades waiting below….
- Digital Turbine Inc. (Nasdaq: APPS): Feb 11 $42 PUT.
- Callaway Golf Co. (NYSE: ELY): Feb.18 $24 CALL.
- BP PLC (NYSE: BP): Feb. 25 $32 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!