In Tuesday's Blitz Daily with Lance Ippolito, we take a look at the travel sector U.S. Global Jets ETF as options activity picks up in airlines ahead of Boeing earnings before the opening bell Wednesday.
Markets are trending as earnings season is heating up, and that’s a fantastic recipe for top-flight order flow.
But what caught my eye during Tuesday’s session was the flow in the beaten-down travel sector. Traders are lining up to play the Boeing earnings event without having to pay the massive premium its options chain commands.
Traders who couldn’t pick just one took positions in the U.S. Global Jets ETF, with shares continuing to bounce Tuesday, surging as high as 3.25% from where it opened the week.
But while they chose to bet the field, they were decisive when it came time to pick a particular option, loading up more than 20,900 of the Feb. 4 $21.50 strike call!
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