Topics covered:
1) 0:00 Announcements
2) 0:20 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:45 Stock Review – Mega Caps: AMZN, AAPL, MSFT, NVDA, ADBE, NFLX, SHOP, TSLA, QQQ (ETF)
4) 11:20 Stock Review – Software: CRWD, ZS, OKTA, SAIL, SNOW
5) 13:55 Stock Review – Semiconductors: AMD, TSEM, IIVI, TSM, SMH (ETF)
6) 16:00 Stock Review – General Ideas/Commentary: NIO, COOP, HOME, OPK, FPRX, AWH, OTIC
7) 19:15 Pullback Buy Watchlist – SNAP, PINS, PLTR, INMD, VOXX, RADA, SDGR, HALO, HOL
8) 24:30 Current Setups – None
9) 24:30 Conclusion/Summary

Market Summary:
The Nasdaq Composite is a little extended from its 21-day moving average. Ideally, it would be nice to see the index move sideways to digest its recent gains, but it could also pullback over the near-term. If we do see a pullback, I don’t see any sustained downside because there’s very little distribution on the index, and the Mega Cap stocks are acting very well. As always, know your investment objectives and make decisions based on your timeframe. I’m staying fairly invested in the market, but please keep in mind that I have a cushion on most of my stocks. In other words, I got strong entry points on them and I’m ok with some volatility if we get a minor pullback. Also, coming up next week is a regular cycle Options Expiration (OpEx) week. The market tends to trend to the upside during this week. Again, the ideal scenario would be for the market to digest sideways while many of our stocks continue to move higher.

As I mentioned in Tuesday’s webinar, it’s very tempting to trade some of these high-flying momentum stocks that are moving 20-50% in a day. I’m ok with speculation, but please do it with a small portion of your portfolio. I’m here to remind you to stick to the discipline of getting strong entry points and please DO NOT chase extended stocks. If you develop bad habits because we’re in a strong market, you will get used to them and it will eventually hurt you when the market turns. Also, if you take any new positions, please use half positions to give your stocks room in case we see a minor pullback. Thank you and good luck for the remainder of the week!

Unusual Option Activity
2/10/21 Nvidia (NVDA) with buyers 2000 April $625 calls this morning $29.
2/10/21 Nvidia (NVDA) also with nearly 1300 January $490 deep ITM calls opening for around $20M
2/10/21 Netflix (NFLX) with another 3500 June $570 calls being bought $48.75 to $52.75 after size buys yesterday.
2/10/21 Netflix (NFLX) size buyer of 4500 June $575 calls for $52.40 into this move higher as well
2/10/21 Guardant Health (GH) with 500 January $105 puts sold to open $7.70
2/10/21 Snowflake (SNOW) with 1425 March 5th (W) $350 calls being bought $15 to $18.50 range this morning, captures earnings 3-3 and recent bullish flow into Feb. 26th (W) options
2/10/21 Snowflake (SNOW) also with 1200 Feb. 26th (W) $340 calls being bought $8 to $10.50 range into weakness
2/10/21 DraftKings (DKNG) with 1300 January $95 far OTM calls bought for $7.70 to $7.95 today with stock at $61
2/10/21 C3.AI (AI) spread today buys 350 April $160 calls for $30.60 and sells the March $210 calls for $10.60 to open
2/9/21 CrowdStrike (CRWD) with 1000 January $165 puts sold to open for $15.60
2/9/21 Snap (SNAP) block of 10,000 June $30 deep ITM calls opened $32.90
2/9/21 Microvision (MVIS) more bull flow early sweeps 900 May $14 calls $5.80
2/9/21 Docusign (DOCU) with 200 April $250/$290 call spreads bought today for $15.05
2/9/21 ZoomInfo (ZI) with 3,000 March $75 calls opening for $1.45, closing the Feb. $60 calls 5000X
2/9/21 Fiverr (FVRR) earlier today with 500 April $340 OTM calls bought $20 to $22, earnings on 2-18
2/9/21 Micron (MU) late day buyers of 10,000 March $95 calls for $1.12 to $1.15
2/9/21 Snowflake (SNOW) Feb. 26th (W) $400 calls were bought 1500X at $3.10
2/9/21 Zillow (Z) the Sept. $190/$240 call spread being bought 450X900 for $0.20 debit into earnings later this week
2/9/21 Tower Semi (TSEM) the March $35/$40 call spread being bought 1000X2000 here for $0.45
2/9/21 Virgin Galactic (SPCE) with 1900 February $56 calls opening for $1M as weeklies adjust out a week
2/9/21 Nio (NIO) buyer 2000 Mar $90 calls
2/9/21 Netflix (NFLX) with size 3500 June $570 calls opening $46.10+
2/9/21 Netflix (NFLX) weekly $565’s very active 6000X for $3.8M premium trading
2/9/21 Beyond Meat (BYND) with 1,500 September $250 OTM calls bought $16.80 to $17.60
2/9/21 Aspira Womens Health (AWH) 2000 Mar $12.50 calls bought $0.40
2/8/21 Palantir (PLTR) with 4000 January 2023 $55 calls bought on the day near $15 on average, size lots, spread with $65 calls
2/8/21 Tesla (TSLA) afternoon rolls to 9500 June $1000 calls out of $850 calls
2/8/21 DataDog (DDOG) large opening sale 1500 January 2023 $105 puts for $25.75, earnings 2-11
2/8/21 Micron (MU) 2000 January $82.5 puts sell to open $14.50
2/8/21 PayPal (PYPL) March $270 puts active with opening sales 2000X
2/8/21 PayPal (PYPL) also 2000 June $240 puts being sold to open near $10.30
2/8/21 Apple (AAPL) opening sale 1000 March 26th (W) $136 puts for $6.15
2/8/21 Shopify (SHOP) with 300 January 2023 $280 calls bought $215 to $217.50 to open for $3.4M
2/8/21 Nvidia (NVDA) afternoon size opening buys 2500 April $625 calls $24.30 to $25.90
2/8/21 Cloudflare (NET) with 1,450 March $90 calls bought this morning $8.20 to $8.35 ahead of earnings on 2-11
2/8/21 Square (SQ) the September $175 puts sold to open today 1000X between $9.70 and $9.65
2/8/21 Square (SQ) today 500 September $330 deep ITM puts sold to open near $93 average
2/8/21 Lantheus (LNTH) with 1200 OTM July $30 calls bought for $0.95 to $1 today into new highs, small-cap med-tech name
2/8/21 Palantir (PLTR) with 1,000 May $41 calls bought $8.10 into the strength from the IBM news
2/8/21 Advanced Micro (AMD) buyer 2000 April $80 calls $13.10
2/8/21 Advanced Micro (AMD) seeing 6000 Feb 26th (W) $99 calls bought $0.92 to $1.10 now
2/8/21 Advanced Micro (AMD) Feb 26th (W) $99 calls are up over 20,000X now
2/8/21 Zillow (Z) strong to highs into 2-10 earnings, looks like February $170/$180/$190 butterfly call spreads popular 2500X5000 as an earnings strategy
2/8/21 Taiwan Semi (TSM) with 1500 January $120 puts being sold to open near $15.25, also seeing 12,000 March $150 calls hot with buyers today near $1.70 average
2/8/21 Arcturus (ARCT) with 500 March $70/$65 bull put spreads opening today for $1.55, some June $45 short puts adjusting from late Dec.
2/8/21 Staar Surgical (STAA) IV surge with Feb $135 calls bought 900X, been seeing recent buyers in OTM calls
2/8/21 Up Fintech (TIGR) more bull flow with 1500 July $30 puts sold to open $13.60 to $13.10
2/8/21 Editas Medicine (EDIT) 1000 February $84 calls bought $2.90 offer
2/8/21 Pinterest (PINS) buyers of 5000 January $110 calls $11.40 to $11.60
2/8/21 Pinterest (PINS) March $80 calls up to 20,000X on the day into the day lows shifting back $85 strike calls