Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:00 Stock Review – Mega Caps: FB, GOOGL, MSFT, AMZN, AAPL, NFLX, NVDA, QQQ (ETF)
4) 10:00 Stock Review – Semiconductors: SMH (ETF), AMAT, LRCX, ON, CAMT, COHU, ICHR, MU
5) 12:50 Stock Review – Some of Last Year’s Leaders: BILL, CELH, TSLA, SQ, GRWG, NIO, UPWK
6) 15:55 Stock Review – Medical Products: ALGN, VCEL, INMD, SWAV, NARI
7) 17:35 ETF Review – XRT (ETF), ITB (ETF), XHB (ETF), COWN, SF, RILY, IBKR, XLF (ETF), SLX (ETF)
8) 19:20 Stock Review – Watch List/General Ideas/Commentary: NTLA, REVG, RADA, MGNX, RCUS
9) 23:20 Setups: EDAP, HYRE, ZDGE
10) 25:05 Conclusion/Summary

Market Summary:
Since we had the follow through day on the Nasdaq Composite in late March, the index has performed well and got back close to its highs in the first 7 trading days of April. In addition, the S&P 500 broke out in early April and continues to grind higher. So, the indexes are acting very well but it hasn’t been smooth sailing for individual stocks. Many names continue to chop around but the sector rotation is keeping the indexes propped up. For example, on Tuesday, Semiconductors corrected while Software moved higher, and on Wednesday, technology corrected while small caps performed well.

So, how do we interpret this price action and deal with the choppiness beneath the surface? Be patient. I discuss in this video a few strategies. 1) You can keep a blend of Index ETFs and some growth stocks. 2) If you prefer individual stocks, you can keep a diverse blend of MegaCaps, Semis, Retail, Steel, etc. 3) If you keep a concentrated group of stocks, get a strong entry point and be patient as long as the price action is normal. Either way, strong entry points are very important to help one deal with some choppiness.

Currently, the Nasdaq Composite and S&P 500 are extended from their 21-day moving averages. If you take any new positions, maybe use half the size in case the indexes have a quick pullback to their 21-days. If this happens, I don’t see any sustained downside and I would view it as a normal pullback. Also, stay focused on the best stocks out there. I know I present many different stocks and sectors, but I am doing it mainly for idea generation. Don’t fall into the trap of trying to own too many stocks. Good luck for the remainder of the week!

Unusual Option Activity
4/14/21 Microsoft (MSFT) this morning had some big buying in April 23rd (W) $265 calls $1.05+ with 18,000 trading
4/14/21 Z-Scaler (ZS) with 1200 May $210/$220 call spreads bought
4/14/21 Airbnb (ABNB) buyer 200 October $160 ITM calls $36.35 to $36.40
4/14/21 Howmet (HWM) with 1,500 July $35 calls bought for $1.90 today as the $32 calls adjust higher
4/14/21 Western Digital (WDC) buyers this afternoon of 1000 October $72.50 calls for $7.20
4/14/21 ON Semi (ON) buyer of 1000 January $47 calls for $4.75 to $4.80, spread with the $55 calls
4/14/21 Yalla Group (YALA) another 1500 May $25 calls bought
4/14/21 Taiwan Semi (TSM) buyer 3000 January $110/$140 call spreads
4/14/21 Facebook (FB) with 8500 April 30th (W) $310 calls active with buyers early with some adjustments, earnings 4-28
4/14/21 Snap (SNAP) $5M position in May 7th (W) $55.50 calls opening, earnings 4-22, seeing April calls adjust
4/14/21 Roblox (RBLX) with 3000 May $80/$100 call spreads being bought early with size bullish flow yesterday
4/13/21 Biotech ETF (IBB) buyer of 1500 June $147/$165 call spreads
4/13/21 UpStart (UPST) with over 900 May $105 calls bought today for $12.60 up to $14.40
4/13/21 Lyft (LYFT) with 1425 May $60 puts being sold to open today for $4.30 to $4.15
4/13/21 Lyft (LYFT) buyers active for 3000 July $75 calls $1.75 to $1.80
4/13/21 Snap (SNAP) buyer 2000 April 30th (W) $64 calls for $4
4/13/21 Facebook (FB) buyer 5000 April 30th (W) $315 calls $9.20 to $9.90, captures 4-28 earnings
4/13/21 WorkDay (WDAY) with 5000 May $240 puts sold to open for $3.30 to $3.25
4/13/21 Micron (MU) today with 1000 June 2022 $97.50 calls bought between $14.95 and $15 into weakness
4/13/21 Roblox (RBLX) with May $85 calls being bought aggressive $3.70 offer 2500X.
4/13/21 Roblox (RBLX) late day buyers of 4000 May $70 ITM calls from $15.20 to $16.50
4/13/21 NVIDIA (NVDA) with 5000 May 14th (W) $700 calls opening this afternoon $5.10 to $5.30
4/13/21 Arcus Bio (RCUS) buyer 2000 May $40/$50 call spreads $1.80, been some M&A talk in the past
4/12/21 Snowflake (SNOW) opening sale 600 January 2023 $170 puts for $24.60
4/12/21 Twitter (TWTR) this afternoon with 1875 May 14th (W) $80 calls bought $2.11 offer, earnings 4-29
4/12/21 Pulte Homes (PHM) buyer of 3000 October $55/$70 call spreads $3.85
4/12/21 Yalla Group (YALA) with 2,000 May $25 calls bought for $2.35, adjusting some April bull spreads from 4/1
4/12/21 Floor & Decor (FND) with 400 July $120 calls bought $6.10 to $6.40
4/12/21 Lithia Auto (LAD) buyer of 300 May $450/$500 call spreads for $7.53 ahead of earnings in late April, nice history higher in seven of the last eight
4/12/21 Square (SQ) buyer 1000 May 28th (W) $290 calls for $8.50 offer and also 1000 of the $260 calls bought for $20.50
4/12/21 Pinterest (PINS) buyer of 1000 of next week’s $85 calls for $1.90 to $1.94
4/12/21 Microsoft (MSFT) with 6500 May 28th (W) $272.50 calls active with size buyers near $2.82
4/12/21 HyreCar (HYRE) buyers of 1,500 July $12.50 calls for $2.20 to $2.50, a small-cap web-based car sharing marketplace