In Wednesday’s Blitz Daily, we take a look at athletic apparel giant Under Armour as traders look for a rebound in retail.
You all know I can’t stay away from our good friend Under Armour. Retail names took a pounding during Monday’s sell-off, but the bulls came in early Wednesday for a little bottom fishing.
Shares popped over 3% from Tuesday’s close as one trader loaded up on 5,000 contracts of the Jan. 21 $20.50 strike calls for over $131,000 in premium!
And with earnings season about to get under way, there are loads of names hitting the Blitz Tracker Wednesday…
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- Under Armour Inc. (NYSE: UA): Jan. 21 $20.50 CALL.
- Block Inc. (NYSE: SQ): Jan. 21 $155 CALL.
- Tesla Inc. (Nasdaq: TSLA): Jan. 21 $1115 CALL.
- Wells Fargo & Co. (NYSE: WFC): Feb. 18 $55 CALL.
- Citigroup Inc. (NYSE: C): Jan. 21 $69 CALL.
Check out my short video and I’ll break down the day’s most unusual options order flow in two minutes flat!
For more guidance through the stock markets and big-money trades like these for the start of 2022, check out my Weekly Blitz Alerts strategy!
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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!
