10 Hot Tickers With Major Options Order Flow to Prep for Monday’s Open

Hey, traders! I hope you're having a fantastic weekend.   I was sitting at my trade desk on Friday and trading was slow, I decided to make you a quick video going over the top order flow of the day.   And because I was on the road for much of the past five trading days, I'll only cover the tail end of the week... First up on the list we have FireEye Inc. (Nasdaq: FEYE). If you know me, you know I love trading this stock. The Blitz Tracker spotted traders rolling their $20 strike, monthly June calls over to buy the $21 strike, monthly July options.   The June calls are set to expire next week on the 18th, and they're deep in the money (ITM). That was about a 10,000-lot order — over $1 million worth of order flow — so the big boys are looking to stay in this trade.   The stock gapped down over 17% last week following the sale of its software products unit.   The day after the sell-off, FEYE President and COO John Watters bought over $450,000 in shares on the open market, increasing his personal position by about 10%. Around 80% of gaps get filled. So after a move like that from a board member, it's not much of a surprise that this one did, too.   Speaking of gap fills, that brings us to our second ticker, The RealReal Inc. (Nasdaq: REAL). We're seeing something similar here, and this is how a lot of institutional traders work... They're closing out of the $17.50 strike, June monthly calls that are again deep ITM with the stock just shy of $20, and they're buying $20 strike, July monthly calls. REAL is another name that had a recent sell-off and, again, the stock filled the gap to the upside. Batting third today is Momo Inc. (Nasdaq: MOMO), an online dating website and app in China. I love trading this stock and if it keeps this up, you might just find me on Momo searching for the next Mrs. Lance. I recently traded the ticker on earnings and it could have been a disaster... But it proved to be profitable thanks to proper positioning. Right now, traders are buying the $16.38 strike, July monthly calls on Momo, paying about $0.72 per contract. So traders should look to fill near that price. These options didn't see a massive order like we saw in our first two names, but they did buy some ITM calls that were a bit more expensive. So higher deltas — how much the option moves relative to the underlying stock — obviously means higher price imbalances.   Joining the party we have U.S. Steel (NYSE: X). My beloved "Letter X" saw big buying, a 5,000 lot of the $35 strike, August monthly calls... And if you were following the Blitz Daily Market Color on Thursday, then you knew about it before the trade was mentioned on CNBC. So if you're a Weekly Blitz Alerts member, make sure you check out that market color every day so you can stay ahead of the game. And here's a pro tip… If you're already following the market color, make sure to check it a couple of times a day because I update it frequently. I've got the low-down on a few more tickers, so check out the short video below. Keep your eyes peeled for some changes to my weekly watchlist in the near future. I'll explain more in the short video below. I'm excited about it, and I think you'll like it as much as I do. Until then, have a great weekend and we'll resume printing money next week!   All the best, Lance Ippolito Future of Wealth A New Money Crew Publication Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.

 

                                                           

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