Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:10 Stock Review – Semiconductors: SMH (ETF), TSM, NVDA, AMD, UCTT, MX, MTSI, BRKS, COHU, AMAT, ICHR, KLIC, ONTO, MU, WDC, STX
4) 15:50 Stock Review – Last Year’s Big Winners: PTON, ZM, TDOC, FSLY, DOCU, CRWD, ZS, OKTA, COUP
5) 18:15 Stock Review – Micro Caps: ZDGE, CLSN
6) 23:00 Stock Review – Watch List/General Ideas/Commentary: BKNG, INMD, V, MA, GMBL, PLT, RADA, PUBM, HOL, VACQ
7) 27:30 Setups: BKNG, MU (half position), MTSI (half), CLSN (earnings Friday morning if you want to play it)
8) 29:30 Conclusion/Summary

Market Summary:
I mentioned recently that I would like to see 3 things to confirm growth stocks are heading in the right direction: 1) A follow through day on the Nasdaq Composite 2) The Nasdaq to get back above its 50-day moving average and 3) More growth stocks setting up. Well, we got a little of all these so far this week. On Monday, March 15th, we had a FTD on the Nasdaq Composite, but it fit the old definition of 1% or greater (I explain this further in the video). We also are slightly above the 50-day and more growth stocks are starting to show up (specifically in the semiconductor sector). Bottom line, the 3 things I want to see are slowly making progress and we are heading in the right direction. Another positive is that so far this week there is no distribution.

From now until the end of the quarter, I wouldn’t be surprised to see more volatility and shakeouts before eventually heading higher. The end of the quarter tends to be volatile as money managers have to rebalance their portfolios. After we get through this, I feel the market will head higher into April. This week’s Fed meeting is out of the way, and the market will start to anticipate next quarter’s earnings season. Again, we have to get through this quarter first, so one thing at a time. I still suggest using half positions until we get more confirmation from the Nasdaq. Even if we see some shakeouts over the near-term, I am not expecting any sustained downside. Therefore, lean bullish, stay focused on the best growth stocks out there, and make sure to get strong entry points. Good luck for the remainder of the week!

Unusual Option Activity
3/17/21 Draft Kings (DKNG) 2,500 August $85 calls being bought $6.70 to $6.85 to open
3/17/21 Expedia (EXPE) buyer 350 October $195 calls $19.80 to $20.15
3/17/21 Micron (MU) buyer 1000 May $97.50 calls $4.80 offer
3/17/21 Cassava Bio (SAVA) over 1,400 April $65 calls opening today with buyers between $5.40 and $7.10
3/17/21 Dynatrace (DT) bullish spreads today selling 700 May $47 puts to buy the $55/$65 call spread
3/16/21 Celsius (CELH) with 600 July $55 calls bought today for $8.20 into post-earnings weakness
3/16/21 EOG Resources (EOG) with 865 October $60 calls bought today for $16.33 as the March $55 calls adjust out
3/16/21 Nio (NIO) spreads buying 11,000 June $75 calls and selling the August $25 puts at zero cost
3/16/21 Micron (MU) with 3500 April 1st (W) $105 calls bought up to $1.40, captures 3-31 earnings
3/16/21 Micron (MU) also buyer 1000 January $135 calls $4.68
3/16/21 Microchip (MCHP) with 500 May $155 calls bought this morning for $10.25
3/16/21 Ichor (ICHR) with 500 April $55 OTM calls opening
3/16/21 Western Digital (WDC) with 4000 April 1st (W) $77 calls bought for $1.10
3/16/21 Western Digital (WDC) also with 1375 May $72.50 calls bought today for $6
3/16/21 Western Digital (WDC) also with 500 January 2023 $55 puts sold to open for $9.35 to $9.20
3/16/21 ON Semi (ON) with 7000 April $43 calls bought up to $1.55
3/16/21 Celsion (CLSN) early unusual action with 2070 October $7.50 calls bought $0.75 to $0.85
3/16/21 Airbnb (ABNB) 1275 Apr $250 calls w/ buyers
3/15/21 Western Digital (WDC) the January $80 calls bought 1000X this afternoon for $8.20
3/15/21 Microsoft (MSFT) with 7000 January $205 puts being sold to open around $13.70
3/15/21 Apple (AAPL) with 2000 April 30th (W) $123 calls being bought $5.95 to $6.10 early
3/15/21 Boeing (BA) with 5000 May $295 calls opening $15.75 as April 1st (W) adjust
3/15/21 Citigroup (C) opening seller 5000 April $72.5 puts $2.53
3/15/21 Exp World (EXPI) buyers into the close for 2,500 April $60 calls from $4.30 to $4.90
3/15/21 MagnaChip (MX) buyers of 1250 June $25 calls this morning from $3.90 to $4.20