Topics covered:
1) 0:00 Announcements
2) 0:20 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:40 Stock Review – Mega Caps: AAPL, MSFT, AMZN, NFLX, GOOGL, FB, ADBE, CRM, PYPL, SQ, SHOP, TSLA, QQQ (ETF)
4) 15:10 Stock Review – Software: ZS, CRWD, OKTA, BILL, WDAY, NOW, TEAM, ESTC, ZI, SNOW, NET, AVLR, DOCU, RDWR
5) 22:25 Stock Review – Semiconductors: NVDA, AMD, ASML, CAMT, SMH (ETF)
6) 23:55 Stock Review – Medical Products: ALGN, INMD, SWAV, STAA, NTLA, DXCM, CDXS, HZNP
7) 27:10 Stock Review – Retail (Restaurants/Clothing): WING, FND, LULU, CELH
8) 28:30 Stock Review – Watch List/General Ideas/Commentary: ALB, LTHM, ENVX, AFRM, ETSY, MELI, PERI, NKTX, RKLB, ORMP
9) 32:05 Conclusion/Summary

Market Summary:
I’ve discussed my market outlook over two different timeframes in recent videos. Shorter-term (until the end of September), I am expecting volatility for two reasons: 1) We are a little extended on the Nasdaq Composite and a pullback to the 21-day would be normal over the next week or two. 2) September is traditionally a weak and volatile month, especially with end-of-the-quarter portfolio adjustments coming up. Medium-term (until the end of the year), I am bullish for the reasons I discuss in this video. The main reason is the price action of stocks. So many names across many sectors continue to act well.

As always, I encourage members to make decisions based on their own timeframe. Develop a trading/investing style that works for you and your personality. In this video, I present many stocks that I like into year-end, but I want to stress the importance of getting strong entry points. Do not chase extended stocks! For example, many of the software names are currently extended from proper buy points, so keep them on your watchlist and wait for a pullback to the 21-day or 50-day to enter a position. If you are already in them and have a longer-term timeframe, then hopefully you have a strong entry point and can deal with normal pullbacks along the way. Thank you and enjoy the rest of your long weekend!

Unusual Option Activity
9/3/21 Nasdaq 100 ETF (QQQ) buyers of 12,750 December 31st (W) $382 calls for $15.88, more than $20.5M position that is adjusting higher the $355 calls from 6/29 size buyers
9/3/21 Cloudflare (NET) seeing 1000 November $140 calls bought from $7.80 to $8.15 to open
9/3/21 Salesforce (CRM) IV picking up here with another 6,000 October $270 calls bought from $5.45 to $5.55
9/3/21 Upstart Holdings (UPST) with 1000 September 24th (W) $200 puts sold to open down to $2.35
9/3/21 Digital Ocean (DOCN) seeing 1,500 February $90 OTM calls bought up to $5.10
9/3/21 Palo Alto (PANW) buyers of the October 8th (W) $475 calls for $10.35 to $10.75, adjusting some positions ahead of their 9/13 Analyst Day
9/2/21 Okta (OKTA) with 400 October $280 calls bought up to $10
9/2/21 Palo Alto (PANW) buyers of 1000 October $500 calls from $4.70 to $5
9/2/21 Taiwan Semi (TSM) spread today buys 1000 December $125 calls for $5.18 and sells 3,000 of the $100 puts for $1.14
9/2/21 Zillow (Z) with 685 February $100 calls bought today around $13
9/2/21 Affirm Holdings (AFRM) IV rising here with 2,000 October $105 calls bought for $8.20 to $8.30, follows the size Sept. call buying yesterday
9/2/21 Affirm Holdings (AFRM) also with 2,500 September $120 calls also being bought
9/2/21 Nvidia (NVDA) bullish flow today with 2,650 October $245 calls bought today from $3.35 to $3.45
9/2/21 Nvidia (NVDA) also seeing 3000 Sept. 10th (W) $180 ITM calls open as the weekly position adjusts again
9/2/21 Radware (RDWR) with 1000 March $40 calls bought for $0.90 to $1, strong name and popular with ITM put sales
9/1/21 Enovix (ENVX) a recent SPAC merger drew some unusual, bullish options flows with 2,000 January $15 puts sold to open for $2.65
9/1/21 Enovix (ENVX) also with 5000 January $17.50 short puts opening for $3.80
9/1/21 Pfizer (PFE) afternoon sweep buyers active for 10,000 January $49 calls