In Wednesday's Blitz Daily, we take a look at internet retail company Jumia as shares continue their run up on the strength of its Black Friday sales.
If you’ve heard of Jumia Technologies, odds are good you’re from one of the handful of countries where the online marketplace does most of its business... or you’re a degenerate trader.
Once touted as the “Amazon of South Africa,” JMIA shares have rocketed over 30% higher from Monday’s closing price after the company released record Black Friday sales figures for 2021.
Preliminary numbers show Jumia’s gross merchandise volume and total orders up more than 30% year over year.
That news rattled the cages of the retail trading army and sent them on a buying frenzy, with the “apes” grabbing call options in bunches!
And that’s not the only trade tearing up the tape Wednesday... I have three more tickers seeing unusual options flow right inside...
No one wants to work Saturday and Sunday, we get it...
Traders from Wall Street to home offices grind it out Monday through Friday, just waiting for the weekend.
But here’s the secret…
They’re neglecting the fact that money may be up for grabs.
And New Money Crew Head Trader Lance Ippolito discovered a rinse-and-repeat plan that anyone with a cell phone and a brokerage account can take advantage of, even on a weekly basis.
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