Topics covered:
1) 0:00 Announcements
2) 0:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:00 NEW FOCUS LIST – Semiconductors: SMH (ETF), AMAT, LRCX, ASML, KLAC, ICHR, CAMT, NVDA, MU, ON, ENTG, SWKS, QRVO
4) 11:00 NEW FOCUS LIST – Medical Products: IHI (ETF), INMD, ALGN, VCEL, SWAV, NARI, INSP, HALO, NVCR, STAA
5) 15:30 NEW FOCUS LIST – Payment Stocks: V, MA, SQ, PYPL
6) 16:15 NEW FOCUS LIST – ETFs: QQQ, XRT, SLX, SMH, IHI
7) 17:00 Stock Review – Watch List/General Ideas/Commentary: CELH, GRWG, UPWK, HYRE, ZDGE, TDOC, NTLA, GH, RBLX
8) 22:30 Setups: ICHR, SQ
9) 25:00 Conclusion/Summary

Market Summary:
So far this week, the Nasdaq Composite continues to digest its gains from the first half of April. The S&P 500 is doing the same and barely giving any gains back. I don’t want to overcomplicate things or micromanage the market. I prefer to keep things simple. I think you can sum up the market’s price action with one word: resilience. That doesn’t mean we should be complacent. It’s still very important to get strong entry points and have a loss cutting policy when any position turns against you, but overall, I would be patient and stick to the trend. For the remainder of the week, I could see more sideways action or possibly a quick end of the month profit-taking shakeout, but heading into next week, we could see the uptrend resume as new money tends to flow into the market at the beginning of the month.

Every six weeks, the Federal Reserve meets to discuss their interest rate policy. Today, Fed Chair Powell said nothing new. The Fed is not raising rates anytime soon, nor are they slowing down or “tapering” their bond buying purchases. Of course, we will still see shakeouts and pullbacks along the way, but the Fed is continuing to provide a strong, equity-friendly backdrop for the market.

Regarding stocks, do your best to stay focused on the best ones out there. In this video, I review the names from my recent focus list. There are many stocks outside of this list that are acting well, and of course you can trade whatever you want. I just recommend getting strong entry points no matter what you trade. I’m simply reminding members to stay focused on some of the best stocks and accept that you can’t own everything. Part of maturing as a trader is getting over FOMO (fear of missing out) and staying focused on a concentrated group of stocks. As always, there’s nothing wrong with owning a combination of some market or sector ETFs and individual stocks. Good luck for the remainder of the week!

Unusual Option Activity
4/28/21 Activision (ATVI) with 1000 January 2023 $87.50 puts sold to open today for $12.50
4/28/21 Activision (ATVI) now also with 1300 January 2022 $85/$75 bull risk reversals opening for $9.86
4/28/21 Bill.com (BILL) over 1000 May $140 puts sold to open for $2.15 today
4/28/21 Heron Therapeutics (HRTX) jumps off lows with 4600 May $18 calls bought up to $2.80
4/28/21 Nvidia (NVDA) buyer of 1000 July $650 calls $27 offer
4/28/21 Nasdaq 100 ETF (QQQ) large trade bought 2500 December $349 calls $19.08 and sold 5000 of the $265 puts $6.415
4/28/21 10X Genomics (TXG) with 500 August $210 calls bought to open today for more than $1M
4/28/21 Facebook (FB) with 1200 July $275 puts sold to open $5.95 to $5.85
4/28/21 Boeing (BA) large spreads in January 2022 selling $170 puts to buy $240/$290 call spreads 9000X
4/28/21 Western Digital (WDC) with 1000 October $80 calls bought $5.25, earnings tomorrow night
4/28/21 Snap (SNAP) buyers 4000 May $61 calls up to $2.75
4/28/21 Roblox (RBLX) strong with 1400 next week $76 calls bought up to $3.50
4/28/21 Visa (V) buyer 5000 August $240 calls $8.70 to $8.80
4/28/21 Callon Petro (CPE) with 2000 January $60/$15 bull risk reversals opening at $4.75 debit
4/28/21 Guardant Health (GH) with 1100 May $155 puts sold to open for $4.70
4/28/21 Micron (MU) offer buyer 1700 May 28th (W) $86.50 calls $3.45
4/27/21 Hyrecar (HYRE) the June $17.50/$25 call spread bought 1000X as May $15 calls adjusted
4/27/21 Alphabet (GOOGL) the August $2600/$2900 OTM call spread opening 1275X today for $32.40 with earnings tonight
4/27/21 Uber (UBER) buyers coming into May 7th (W) $60 calls $1.39 to $1.55 for over 10,000X
4/27/21 Micron (MU) the August $92.50 calls being bought 1500X for $6.45
4/27/21 Nasdaq 100 ETF (QQQ) with 20,000 June $325/$295 bull put spreads opening with May $330/$300 adjusting
4/27/21 Amazon (AMZN) May 3600/3700 call spreads bought 1000X
4/27/21 Penn Gaming (PENN) size buyers early 1700 October $105 calls $11.95 offer
4/27/21 MasterCard (MA) with 1250 January 2023 $390 calls bought $56.40
4/27/21 Mosaic (MOS) size sweep buyers 5000 September $40 calls $2.35
4/27/21 Facebook (FB) with 1300 August $320 calls being bought $15.50 to $16
4/27/21 Applied Materials (AMAT) with 1000 October $135 puts sold to open $13.35
4/26/21 Google (GOOGL) June $2340 calls trading 1000X as May $2200 adjust into earnings
4/26/20 Ultra-Clean Tech (UCTT) buyers of 1500 June $60 calls up to $4.20 to open ahead of 4-28 earnings
4/26/20 Cloudflare (NET) with 2000 June $75 calls bought $12.95 to $13.10
4/26/20 Roblox (RBLX) with 1750 May 14th (W) $70 puts sold to open $3.50, captures earnings 5-10
4/26/20 Roblox (RBLX) also with 325 January $95 calls bought up to $11.80
4/26/20 Microsoft (MSFT) with 4400 June 4th (W) $272.5 calls opening $3.15 today ahead of earnings tomorrow night
4/26/21 Walmart (WMT) with 500 December $140 puts sold to open for $11.05
4/26/21 Workday (WDAY) with buyers of the May $250 calls from $13.20 to $14.05, over 1,425X
4/26/21 Square (SQ) with 300 January 2023 $380 calls bought for $24.30 to $24.40