Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 16:15 Stock Review – Mega Caps: AMZN, AAPL, MSFT, NVDA, GOOGL, ADBE, NFLX, SHOP, TSLA, PYPL, QQQ (ETF)
4) 21:45 Stock Review – Software: CRWD, OKTA, ZS, SAIL, BILL
5) 23:10 Stock Review – Semiconductors: TSM, COHU, TSEM, IIVI, MTSI, LRCX, AMAT, SMH (ETF)
6) 25:15 Stock Review – General Ideas/Commentary: PLTR, PGNY, HALO, CELH, SWTX, TXG, SNAP, SDGR, GMDA, INMD, HOL, VOXX, NARI, SWAV, FND, HOME, ALGN
7) 33:40 Current Setups – ARQT, MEG, CLH
8) 36:30 Conclusion/Summary

Market Summary:
In this video, I discuss a quick lesson/observation about when the Nasdaq Composite gets a little extended from its 21-day. Overall, there’s little distribution and the major indexes are in a strong uptrend. As I mentioned recently, there doesn’t need to be any major calls on these videos if I don’t see anything out of the ordinary. I want to try and keep things simple when possible. I suggest sticking with the trend, getting strong entry points, taking profits into strength if you are a trader, and accepting the volatility if you have a longer-term timeframe. As always, have a loss cutting discipline if any of your positions turn against you. If you want to speculate in some riskier stocks, it’s ok but please don’t do it with a large portion of your portfolio. Also, don’t chase extended stocks and develop bad habits. I know it’s a strong market, but please stick to a disciplined process. If you have any questions, you can ask them during the next webinar which will be Sunday, February, 21st at 11AM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity
2/19/21 II-VI (IIVI) moving higher with 1,700 April $90 calls bought today up to $8.90
2/19/21 Twitter (TWTR) trading 20,000 March $75 calls $3.95 as the $65 look to be adjusting up
2/19/21 Apple (AAPL) buyer 1700 March 26th (W) $134 calls $3.25 offer early
2/19/21 Nio (NIO) opening sale 2000 September $50 puts $11.65
2/19/21 Nio (NIO) also 1750 January $90 calls bought today $9.90 to $10.10
2/19/21 Macom Tech (MTSI) with 1850 March $70 calls bought $2.55 to $2.75
2/19/21 Fastly (FSLY) with 800 April $80 puts sold to open $8.25
2/19/21 Fastly (FSLY) also 1250 March 12th (W) $81 calls opening $5.75
2/19/21 Marvell Tech (MRVL) 5000 April $55/$45 bull risk reversals, earnings 3/3
2/19/21 Staar Surgical (STAA) with 2000 March $125 calls opening near $10.80 as February $105 adjust
2/19/21 Farfetch (FTCH) with 1200 April $80 calls opening as February $70 adjust
2/19/21 At Home (HOME) buyer of 2,000 April $25 calls for $3.90 to $4.20 this morning
2/19/21 Snap (SNAP) now seeing a surge in Feb. 26th (W) call action with 3750 of the $65 calls, 9000 of the $70 calls and 8500 of the $73 calls, the latter look to be vertical spreads
2/19/21 Uber (UBER) May $60 calls with 23,000 opening this afternoon $5.90+
2/19/21 Micron (MU) next week $93 calls hot early 6000X
2/19/21 Lam Research (LRCX) next week $620 calls hot 1750X bought for over $1.5M as well
2/18/21 Western Digital (WDC) large bull flow continues with 5000 May $70 calls being bought $7.75 to $8
2/18/21 Netflix (NFLX) with 7000 June $570 calls bought $38.15 as the $575 calls adjust 4600X back
2/18/21 Apple (AAPL) with 13,500 May $135 calls active with buyers this afternoon $6.40 to $6.55
2/18/21 ActiVision (ATVI) with another 1500 January 2023 $105 calls bought as June $80 adjust
2/18/21 PayPal (PYPL) opening sale 400 January $280 puts for $43
2/18/21 Bill.com (BILL) the February $130 calls bought 5000X in mid-January closing today and rolling to March $130 calls that open for $45.12
2/18/21 Nvidia (NVDA) with 1000 March $535 ITM calls opening up to $69 into morning weakness, earnings 2-24
2/18/21 CrowdStrike (CRWD) with the June $210 puts sold to open this morning 400X for $19,
2/18/21 Sea Limited (SE) opening sale 500 August $240 puts for $34.20
2/18/21 Salesforce (CRM) with 2000 March 5th (W) $250 calls bought $7.45 offer, earnings 2-25
2/18/21 Pinterest (PINS) spread 500X selling August $605 puts to buy the $90/$120 call spreads
2/18/21 Palantir (PLTR) into weakness seeing 5000 January $22 puts sold to open $7.05