Topics covered:
1) 0:00 Announcements
2) 0:40 Discussion on Wednesday’s MidWeek Video and Member Feedback
3) 9:10 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
4) 15:00 Stock Review – Mega Caps: AMZN, AAPL, MSFT, TSLA, CRM, QQQ (ETF)
5) 19:00 Stock Review – Software: ZS, CRWD, OKTA, ZM, APPS, NET, NOW, FSLY
6) 22:40 Stock Review – Semiconductors: NVDA, AMD, LSCC, TSEM, MTSI, TSM, SMH (ETF)
7) 27:45 Stock Review – Medical Products/Biotech: SWTX, NVCR, CDNA, PSNL, ALGN, NTLA
8) 34:20 Stock Review – General Ideas/Commentary: SQ, PYPL, SNAP, PINS, LL, PDD, EXPI, SHOP, ETSY, LAD, REGI, HALO, CLSK
9) 39:50 Current Setups – NVTA, V, AXTI, FND, TXG
10) 47:40 Conclusion/Summary

Market Summary:
One of the biggest challenges for traders right now is that the market is strong but bullish sentiment is through the roof. In other words, people want to take advantage of this equity friendly environment but don’t want to get hurt on the downside. This is where people have to make their own decisions based on their timeframe, risk tolerance, and their overall investment objectives. If you don’t have a plan, then I suggest you get one soon or else you will be navigating blind through this market. In this product and all the educational videos, I do my best to provide a strong blueprint, but you shouldn’t try to copy me or anyone else. You should use the blueprint as a base, and then make the proper adjustments to fit your work situation and YOUR personality. If you don’t have a personality, then I definitely can’t help you 🙂

For me, the price action of stocks is 90% of what I use to judge the overall health of the market. Sentiment is helpful but it’s a secondary measure. I’m still finding a great deal of strength and setups in this market. Of course we will have shake outs, quick pullbacks, and sideways movement along the way to help “shake out” and “wear out” some of the bullish sentiment, but the overall market is strong. I am keeping some cash available to help cushion any potential downside, but I still think many stocks will move higher into year-end (which I discuss in this video). As always, I will take this day by day and make the proper adjustments when necessary. If you have any questions, please ask them during the next webinar which will be Sunday, December 6th at 11AM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity:
12/4/20 Activision (ATVI) the December 31st (W) $82 calls bought for $2.03, around 1140X, as some weeklies adjust
12/4/20 Fed-Ex (FDX) the December $315/$325 call spread bought for $2.30, 1000X into earnings on 12-17
12/4/20 Novocure (NVCR) the March $185 calls being bought for $6.03 today, over 975X, with the December $145 calls adjusting into strength
12/4/20 Skyworks (SWKS) hot today and buyers now for 3450 February $150 calls up to $10.90 to open
12/4/20 Skyworks (SWKS) the December $157.50 calls being bought now $1.38 to $1.43, 1300X
12/4/20 Visa (V) with 2,000 of next week’s $207.50 calls bought around $4.20 to $4.30 today, spread with the $220 calls
12/4/20 Alibaba (BABA) with 1,000 September $290/$390 call spreads bought for $22.15
12/4/20 Crispr Therapeutics (CRSP) with 1,300 December $175 calls bought for $3.65, closing the $145 calls for $11.15 that opened on 11/27 and leaving a runner on
12/4/20 Crispr Therapeutics (CRSP) also seeing 1300 January $190 calls bought for $4.42, the $160 calls adjusting higher
12/4/20 Zoom (ZM) bullish action seeing 3500 June $300 puts sold to open with 1000 June $400 calls bought to open
12/4/20 CrowdStrike (CRWD) with 200 January 2023 $165 calls bought $47 to $49
12/4/20 Advanced Micro (AMD) with Dec 100 calls picking up
12/4/20 CareDx (CDNA) with 1325 February $70 short calls rolling to the $80 strike, adjusting higher again and likely stock overwrite
12/4/20 Exact Sciences (EXAS) with 775 January 2022 $175 calls bought today $15.75 to $16.35
12/4/20 Shutterstock (SSTK) the December $72.50 calls being bought 1,000X today up to $4.20
12/4/20 Shutterstock (SSTK) the December $80 calls also with buyers today, although small lots
12/4/20 S&P 500 ETF (SPY) 8000 Mar 2022 $455 calls active with buyers today, looking to add to OI and will confirm Monday
12/4/20 Zillow (Z) buyer of 1,500 December 11th (W) $108/$115 call spreads with the $100 puts sold to open for a net $1.58
12/4/20 Taiwan Semi (TSM) buyer of 2,500 December $109 calls for $0.98
12/4/20 Taiwan Semi (TSM) the December $109 calls up over 14,000X
12/4/20 Taiwan Semi (TSM) also with 1000 July $90 puts sold to open $6.60 to $6.45
12/4/20 Tower Semi (TSEM) with 1000 December $26/$24 bull risk reversals bought for $0.60
12/4/20 Tower Semi (TSEM) the April $27/$29 call spread bought 500X1000
12/4/20 Tower Semi (TSEM) also seeing 900 July $22 puts sold to buy the $27/$35 call spread, common strategy in the name
12/4/20 Sea Limited (SE) hot on highs with the Singapore news, size buyers next week calls the other day and the $200’s active 3000X today
12/4/20 Micron (MU) the April $77.50 calls bought 2,000X to open into strength, $5.90 to $5.95
12/4/20 Micron (MU) volume now jumps to 5,000X with a block at $6
12/3/20 Zillow (ZG) buyer 750 January $130 calls $2.40 to open
12/3/20 Novocure (NVCR) 300 Jan $120 calls bought $18.80
12/3/20 Micron (MU) with 10,000 June $75 calls bought $8 to $8.10 today, some of the $60 calls adjust up, large position
12/3/20 Align Tech (ALGN) with buyers today of 1,500 December $550 calls up to $6.30
12/3/20 Align tech (ALGN) also see 250 Dec. 31st (W) $510/$530 call spread buyer
12/3/20 S&P 500 ETF (SPY) with 5000 February $383 calls opening around $5.20 today in stock replacements, otherwise another real quiet day in ETF/Index options
12/3/20 Advanced Micro (AMD) with 1,000 July $85 puts sold to open for $11
12/3/20 Boeing (BA) with 1500 January 2023 $330 calls opening today for $6.7M as the $260 calls adjust up it appears
12/3/20 Snap (SNAP) April $60 calls heating up here 3000X at $3.20
12/3/20 Atlassian (TEAM) buyers of 725 March $230 calls for $22.80, adjusting higher the $200 calls that close 550X
12/3/20 Atlassian (TEAM) also with 1000 June $150 puts sold to open for $4 today
12/3/20 Tesla (TSLA) block of 5000 March $500 calls bought $139.06, adjusting December $500 calls.
12/3/20 Inmode (INMD) the February $35/$60 call spread bought 500X1,000 for $7.10
12/3/20 JD.com (JD) 4500 next week $85 calls hot, recent size accumulation Feb $85 calls into weakness
12/3/20 Cloudflare (NET) Jan 80 calls more buyers 1300X near $4.40 offer
12/3/20 Spotify (SPOT) with 670 April $260 puts sold to open today for $12.50 with the strength this week
12/2/20 DraftKings (DKNG) opening sale 2250 January 2023 $30 puts for $7.30