Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 12:00 Stock Review – Mega Caps: AAPL, TSLA, SHOP, CRM, SQ, QQQ (ETF)
4) 15:30 Stock Review – Semiconductors: SMH (ETF), NVDA, AMD, KLIC, LSCC, ON, ASML
5) 17:20 Stock Review – Software: BILL, AVLR, ASAN, ESTC, NET, DOCU, ZI, INVE, PERI, AFRM
6) 23:30 Stock Review – Medical Products: ALGN, SWAV, DXCM, NTLA
7) 25:20 Stock Review – Watch List/General Ideas/Commentary: ALB, LTHM, FND, WING, LULU, ALNY, NKTX, ORMP
8) 30:35 Conclusion/Summary

Market Summary:
One of the biggest positives this week was seeing the strength in growth stocks return, especially in small and midcap growth. You can really see it in the charts of IWM and IWO (which both regained their 50-day moving averages), and in the IBD 50 ETF FFTY, which is starting to build the right side of its new base on strong volume. Overall, the major indexes are in strong uptrends and I expect this to continue into year-end for the reasons I discuss in this video.

Shorter-term, there are two trends I would like to point out. This upcoming week is a week that precedes a long holiday weekend in the US. Traditionally, these weeks tend to trend to the upside, as many sellers are away later in the week. After that, I am still expecting volatility towards the second half of September, as the last two weeks of March, June, and September tend to be volatile with end of the quarter portfolio adjustments.

As always, I encourage members to know their timeframes and make decisions based on their risk tolerance and investment objectives. I mainly want to stress to members to keep things simple. Don’t overthink or over complicating things. We’re in a strong uptrend. There will of course be volatility and shakeouts along the way, but get those strong entry points and manage risk if any positions significantly turn against you. Thank you and enjoy the rest of your weekend!

Unusual Option Activity
8/27/21 Inmode (INMD) buyers today of near 600 January $130 calls for $17.95 to $18.35, adjusting some Sept. positions up and out
8/27/21 Taiwan Semi (TSM) with 1,000 January 2023 $145 calls bought for $8.65
8/27/21 Taiwan Semi (TSM) also with 1000 June $130 calls bought for $8.05 today
8/27/21 MasterCard (MA) buyers of 1000 Oct $355 calls for $11.10 to $11.45, being spread with the $375 calls which may be adjusting back
8/27/21 Coindesk (COIN) with 7000 September $265/$270 call spread being bought to open for $1.77
8/27/21 Square (SQ) with 1,000 September 24th (W) $270 puts sold to open for $11.60
8/27/21 Snowflake (SNOW) with over 4,500 September $300 calls bought around $11
8/27/21 Advanced Micro (AMD) with 1300 Sept. $111 calls bought today
8/27/21 Advanced Micro (AMD) fresh buyers in 2000 Sep $113 calls
8/27/21 Salesforce (CRM) with 2000 November $280/$300 call spreads bought as October spreads adjust
8/27/21 S&P 500 ETF (SPY) 7K Sep 13th (W) $450/$449 bull put spreads opening
8/27/21 Nasdaq 100 ETF (QQQ) buyer 1000 June 30th (Q) 2022 $380 calls $27.04 offer for $2.7M and spread versus $390 calls
8/27/21 Bill.com (BILL) 1,000 September $300 calls bought this morning from $3.60 to $3.80
8/27/21 Facebook (FB) seeing 1275 February $275 puts sold to open $5.25
8/27/21 Marvell Tech (MRVL) seeing 2,275 Oct $55 puts sold to open for $1.04 and also 3,000 of the $67.50 calls bought
8/27/21 Nvidia (NVDA) 3000 of next week 225 calls active early in the session
8/27/21 Nvidia (NVDA) buyers active this afternoon for 1,500 March $265 calls for $13.20
8/27/21 ASML (ASML) with 1200 November $610 puts being sold to open today for $5.35, the October short puts adjusting out from 5/27
8/27/21 Western Digital (WDC) with over 8,500 September $68 calls bought for $1.39, spread with the $75 calls
8/26/21 Taiwan Semi (TSM) late day block of 7000 December $125 calls is bought $4.45 offer to open
8/26/21 Square (SQ) with 1250 January 2023 $270 ITM puts opening near $54.35 this afternoon
8/26/21 Moderna (MRNA) with 650 April 2022 $420 ITM puts sold to open $94.15 this morning for over $6M
8/26/21 Palo Alto (PANW) with 2,000 October $500 calls bought $5.50 to $6.60
8/26/21 Marvell (MRVL) buyers of 2,000 September 10th (W) $63 calls for $2.52 to $2.65
8/26/21 Russell 2000 ETF (IWM) nearly 5000 Sep. 30th (W) $227 calls bought this morning up to $3.53
8/26/21 Snowflake (SNOW) buyer 3000 Sep. 10th (W) $300 calls $8.90 to $9.30
8/26/21 Three value Semi’s w/ large put sales already today, TXN, AVGO, ADI
8/26/21 Crispr Therapeutics (CRSP) moving higher with 2,000 September 3rd (W) $128 calls bought for $6.78
8/26/21 Pfizer (PFE) with 1,500 September 2022 $42 puts sold to open for $2.80
8/26/21 Salesforce (CRM) with 400 February $280 ITM puts sold to open for $25.50 today after earnings
8/26/21 Salesforce (CRM) also with 300 March $300 puts sold to open $39.90 ITM today