In Thursday’s Blitz Daily with Lance Ippolito, we take a look at electric vehicle name Rivian after a spike in option buying.
Thursday saw order flow rotate into beaten-down growth stocks as markets digested Wednesday’s steep sell-off…
The break in the volatility storm hit at the right time for EV-maker Rivian as the company announced a new influx of financing for a manufacturing facility in Saudi Arabia.
The news helped shares jump as much as 11.4% from Wednesday’s closing price, sending the bulls storming up and down the options chain!
Of course, that wasn’t the only growth name hitting the tape Thursday... I have more top trades waiting inside…
*Past performance is not indicative of any future results. Trade at your own risk. From Feb. 25, 2022, through May 4, 2022, five winning positions were issued while four remain open. The average rate of return was 38.33% over a seven-day hold time.
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