In Thursday’s Blitz Daily with Lance Ippolito, we take a look at automotive technology firm Luminar as the company announced a new partnership with Mercedes-Benz.
The future of Luminar Technologies is looking a little brighter Thursday after announcing a deal to provide the luxury carmaker with its cutting-edge lidar sensors and software.
Lidar is one of the cornerstone technologies needed for self-driving cars, letting the computer “see” where a vehicle is going. And Wall Street likes what it sees — the news helped catapult Luminar shares as much as 24.5% from Wednesday’s closing price!
Meanwhile, institutional buyers grabbed options plays by the firstful, with more than 17,500 contracts of the Jan. 28 $16 strike calls changing hands Thursday!
Of course, that’s not the only paper flowing Thursday! I have three more top trades on my radar…
- Luminar Technologies Inc. (Nasdaq: LAZR): Jan. 28 $16 CALL.
- Coty Inc. (NYSE: COTY): Feb. 18 $9 CALL.
- Hertz Global Holdings Inc. (Nasdaq: HTZ): Feb. 18 $25 CALL.
- Kohl’s Corp. (NYSE: KSS): Feb. 18 $55 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 for the start of 2022, 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!