In Tuesday’s Blitz Daily with Lance Ippolito, we take a look at e-commerce king Amazon as tech names rally to start the week.
We’ve got a boatload of institutional options orders hitting the scanners Tuesday — you love to see it!
At the top of that list is Amazon! The retail behemoth is helping lead the charge along with other FAANG stocks that were pummeled during the second quarter of 2022.
Amazon shares are up 3.5% Tuesday in the run-up to its annual Prime Day sales event, as leadership looks to pull the stock out of its slump — having shed 33% of its value since April 1, even after a 20-for-1 stock split.
Tuesday’s bounce attracted the attention of institutional buyers on the hunt for fast-moving plays, and they found what they were after!
I’ve said it over and over again… these tech and junk names are where traders want to be long, and that's why I love trading them... Those high-beta and high-short-interest stocks are getting big moves, and the options chains are seeing multiplied returns in those short-term options!
The way I see it, it’s the greatest way to trade!
And if you like that flow, I’ve got three other hot-ticket trades from Tuesday’s tape that you need to see right now!
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