loader image

Put Buyers Go HOG Wild as Market Tanks

by | Sep 29, 2022 | Options

In Thursday’s Blitz Daily with Lance Ippolito, we’ll take a look at automakers like GM, which are getting wrecked — and the king of the hogs, Harley-Davidson!

It’s been another amazing day of trading while the markets are a total bloodbath… Particularly for automakers like General Motors, which was down nearly 7% at one point this morning… WOOF. 

And if you read Wednesday’s edition of the Blitz Daily, then you already knew this trade we highlighted could pay off big time…

  • General Motors Co. (NYSE: GM): Oct. 7, $35 PUT.

These babies went from about $1 a contract to as high as $2.47 about 40 minutes after Thursday’s open — BANG, thos put buyers were spot on!

Today, we’re seeing heavy action flowing into Harley-Davidson weekly $37 puts, which doubled in about 10 minutes earlier Thursday!

And that’s not the only automaker seeing heavy put buying…

  • Harley-Davidson (NYSE: HOG): Sept. 30, $37 PUT.
  • Ford Motor Co. (NYSE: F): Oct. 21, $12 PUT.
  • VNET Group Inc. – ADR (Nasdaq: VNET): Oct. 21, $6 PUT.

Check out my short video and I’ll break down today’s unusual options order flow in 33 seconds flat… 

P.S. Our Celebration, Your Special Offer!

I can’t believe it’s been a whole year already since we launched Wiretap Trade Alerts!

And a lucrative year it’s been…

If you’re not familiar with our Wiretap Alerts — our “weekend trades” —  here’s a quick breakdown…

  • Average hold time: one trading day — enter late Friday, close early Monday.
  • Win rate: 70.7%* (111 winners to only 46 losers).
  • The past year’s gains, from Sept. 21, 2021, through Sept. 23, 2022: 502%!!!*

You can see why this has become one of my favorite strategies — and why our members love it!

Even better, we’re doing something special to celebrate our success…

Come Join Us!

Blitz Daily With Lance Ippolito

At Weekly Blitz Alerts, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional order flow through the day. Then we get in on these plays and follow the “smart money.” 

The Blitz Daily with Lance Ippolito is where I go over a few options trades that hit the Blitz Scanner each day, Monday through Thursday. I break down the trades with the sexiest order flow and tell you what could happen with those stocks by the next day’s opening bell.*

If you want in on these explosive options plays, be sure to sign up for Weekly Blitz Alerts! We send entry, profit targets and exits directly to you via text and email 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 on WealthPress.com!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team