There’s been a ton of amazing trades hitting Future of Wealth Head Trader Lance Ippolito’s Blitz Tracker the past few weeks…
There have actually been so many red-hot tickers running in the Blitz Daily Market Color that he doesn’t have enough room to squeeze all of his favorites into his watchlist.
So today Lance wanted to take a moment to dive into a few of the names and share as much intel as possible about them.
He’s also going to drop a few extra trade ideas to help in your hunt for big gains.
Trade Ideas From the Blitz Daily Market Color: Spiking Car Prices
One name from the Blitz Daily Market color and this week’s watchlist he’s super interested in — because of spiking car prices — is KAR Car Auction Services Inc. (NYSE: KAR).
Between the semiconductor shortage bottlenecking production and ramping demand as Americans start to leave their houses, car prices are spiking… especially for used cars.
One of his trucks has actually appreciated in value over the past couple of months! It’s crazy.
And soaring prices for used inventory is great news for a company like KAR.
On June 2, traders jumped in to buy July $20 call options. They actually hit it about two minutes before the close, and it was a big trade — about 3,000 contracts in KAR.
We saw similar trading a few months back before earnings, and the stock catapulted 17% to the upside, so it’s one to keep on your radar.
As he’s mentioned, his Blitz Daily Market Color is overflowing with so many amazing trade ideas that he has a few bonus tickers you should be watching this week. Be sure to watch the quick video below to get the names!
Of course, for more trade opportunities like this — with specific entry and exit guidance — check out Lance’s Weekly Blitz Alerts service.
P.S. Imagine if every weekend was a long weekend…
We’d never have to set an alarm clock for Monday morning ever again… and would be free to do whatever we want, when we want!
Thanks to legendary trader Tom Busby’s latest breakthrough he’s calling the Long Weekend Retirement Plan, retail traders now have the chance to set themselves up for a stress-free, three-day weekend…