In Wednesday’s Blitz Daily with Lance Ippolito, we take a look at tech titan Apple as the company gears up to report its fourth-quarter earnings.
We are deep in the heart of earnings season as the big boys atop of the S&P 500 are reporting. Wednesday saw a strong showing from Microsoft Corp. (Nasdaq: MSFT) as its shares initially fell but then jumped as high as 6.5% on its earnings beat.
The news helped lift spirits across the sector, whetting bullish appetites as traders prepare for the market’s next earnings main course with Apple reporting Thursday after the bell.
Looking to keep the tech party going, institutional buyers piled into the options chain Wednesday, placing a $600,000 bet on the May 20 $185 strike call options as more than 37,000 contracts changed hands.
Of course, that’s not the only flow hitting the tape… I have three more top trades waiting below…
- Apple Inc. (Nasdaq: AAPL): May 20 $185 CALL.
- Juniper Networks Inc. (Nasdaq: JNPR): Jan. 28 $32 CALL.
- Mattel Inc. (Nasdaq: MAT): Jan. 28 $22 CALL.
- CarMax Inc. (NYSE: KMX): Apr. 15 $105 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 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!