Bears Just Bet $4.2M This Stock Will Drop in 2 Weeks
In Tuesday’s Blitz Daily, we’ll take a look at computer hardware company HP Inc. after the options chain saw colossally bearish positions opened in early trading.
We're running wild, making a lot of money in puts. Yes, you heard me, the p-word! Markets sold off Tuesday morning, and I’m loving every minute of it. Why?
Because the bears are coming into the options flow in a monumental way, and Daily Profit Challenge members were with me in the War Room — LIVE — right when it happened! Specifically, they’re taking aim at former computer kingpin HP Inc., dropping around $3 million in premium this morning on a short-term earnings play. In fact, they liked it so much they turned around and bought another $1.2 million in puts!
But that wasn’t the only phenomenal flow hitting the tape on Tuesday. Just take a look for yourself at what else has me excited today…
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