In Monday’s Blitz Daily with Lance Ippolito, we take a look at online trading company Robinhood as meme stocks squeeze higher to end January.
Everyone thought I was crazy in this past Thursday’s Daily Profits War Room when I took a small earnings bet on Robinhood Markets… But look who’s laughing now!
You can’t say they didn’t have a point — Robinhood’s earnings fell short of expectations, but that didn’t stop shares from squeezing more than 30% off of Friday’s lows!
One buyer came in early Monday and loaded up on nearly 3,000 contracts of the March 4 $15 strike calls for more than $290,000 in premium!
Now, I can’t blame traders who want to steer clear of meme stonk options, so don’t worry, I have two more trades that are lighting up the Blitz Tracker this Monday!
- Robinhood Markets Inc. (HOOD): March 18 $15 CALL.
- Advanced Micro Devices Inc. (Nasdaq: AMD): Feb. 18 $122 CALL.
- Carnival Corp. (NYSE: CCL): Feb. 4 $19.50 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!