In Thursday’s Blitz Daily with Lance Ippolito, we take a look at cannabis company Tilray as bulls look for more upside in pot stocks.
If you saw this week’s WealthPress Live Roundtable, then you already know two things…
First, you know that cannabis stocks have seen a bounce in recent sessions.
Second, you know that my good friend and Joy of the Trade Head Trader Jeff Zananiri nailed Thursday’s fallout on the heels of hot inflation numbers.
So while the markets sold off Thursday afternoon, beaten down pot stock Tilray Brands kept going higher… gaining another 1% to tack on to Wednesday’s eye-popping 15% jump!
Bullish options traders rolled into the options chain Thursday, scooping up 2,500 contracts of the March 18 $7 calls for around $250,000 in premium!
Of course that’s not the only company hitting the tape today, I have two more smoking hot options plays waiting below
- Tilray Brands Inc. (Nasdaq: TLRY): March 18 $7 CALL.
- Expedia Group Inc. (Nasdaq: EXPE): Feb. 11 $195 PUT.
- Snap Inc. (NYSE: SNAP): Feb.11 $40 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. Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?
It’s because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else!
And by the time Joe trader can pull up his accounts, the stock has made its move and is already fading…
Now I’m ready to show everyone exactly why this happens and how I use that pullback to my advantage!
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!