Chart showing spike in put buying on Monday: https://twitter.com/vixsquared/status/1440333435885686792

Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:40 Stock Review – Mega Caps: MSFT, GOOGL, FB, AAPL, TSLA, QQQ (ETF)
4) 11:30 Stock Review – Software: ZS, CRWD, OKTA, BILL, DDOG, NET, AVLR, ZI, DOCS, ESTC
5) 15:00 Stock Review – Medical Products: DXCM, INMD, SWAV, INSP, ALGN, STAA
6) 16:50 Stock Review – Semiconductors: NVDA, AMD, ASML, ON, ACLS, SMH (ETF)
7) 18:40 Stock Review – Watch List/General Ideas/Commentary: AFRM, ALB, LTHM, ENVX, CRCT, RDWR, HZNP, RKLB, ORMP, SNOW, U, DASH, ETSY, MELI
8) 24:20 Conclusion/Summary

Market Summary:
I think Monday’s gap down had very little to do with a Chinese property management company (Evergrande) that very few people even knew existed a few days ago. I think it had more to do with the unwinding of positions after a quarterly options expiration last Friday, and also to do with the normal seasonal weakness that is expected around this time. Nevertheless, the reason doesn’t matter. What’s more important to me is the price action of leading stocks. As I mentioned in my Market Note to Members on Monday Night (9/20), I was not turning bearish because “the majority of leading stocks sold off Monday on lighter volume and are still above their key moving averages.”

In this video, I review many of the stocks that continue to act well and are helping me with my bullish conviction. I used the pullback earlier in the week to add to my exposure and I am currently fully invested. Of course, if anything changes, I will be quick to reduce my exposure, but as I’ve mentioned several times, I am bullish into year-end. I am still expecting some volatility over the near-term, but getting strong entry points will hopefully help me deal with some of this volatility. As always, I only give my investment levels as a guide, but do what works for you. If you are a newer trader and/or have high levels of cash, then stick to your plan and proceed slowly. In other words, don’t feel the need to rush into any new positions. If you have any questions, you can ask them during the next webinar, which will be Thursday, September 23rd at 7PM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity
9/22/21 S&P 500 ETF (SPY) some big blocks moving around 10:30am with 45,000 Oct. $442 calls bought for $25M, and November $448 calls bought 30,000X for $23M, these spread with $452 and $460 strikes respectively
9/22/21 S&P 500 ETF (SPY) also with 20,000 Dec. 31st (Q) year-end $448/$470 call spreads bought
9/22/21 Zoom Info (ZI) with 1000 November $60 calls bought to open into the morning highs from $10.80 to $11.10
9/22/21 Snap (SNAP) buyer 20,000 January $70 calls for $14.05
9/22/21 Palo Alto (PANW) another 1000 June $400 puts sold to open $19.50
9/22/21 Unity (U) buyer 2000 October $140 calls $3.95
9/22/21 Netflix (NFLX) with 1000 October $615 calls bought for $8.10 to open this morning
9/22/21 Advanced Micro (AMD) buyers of 1000 October $104 calls for $3.65 to open today
9/21/21 Nasdaq 100 ETF (QQQ) opening sale of 3000 March $357 puts for $20.02
9/21/21 Bill.com (BILL) lower today after a stock offering and seeing 4000 October $270 calls open for $14.13 as the $280 calls from 8/31 adjust back
9/21/21 Apple (AAPL) 1000 Feb $135 puts sold $7.15 to $7 today
9/21/21 DoorDash (DASH) opening sale 300 January $210 puts for $19.80
9/21/21 DocuSign (DOCU) opening sale 250 June 2022 $240 puts for $21.85
9/21/21 DocuSign (DOCU) opening sale 250 January 2024 $260 puts at $55.50
9/21/21 ASML Corp (ASML) opening sale 400 April $880 puts at $93.20, below bid, as the bullish put sales have been active in this high quality name
9/20/21 Apple (AAPL) 4000 Oct $141 calls bought $4.75 into late day lows
9/20/21 Apple (AAPL) into afternoon weakness with 4500 Oct. 29th (W) $142 puts sold to open $4.60
9/20/21 Affirm Holdings (AFRM) opening sale 450 January 2023 $75 puts for $16
9/20/21 Affirm Holdings (AFRM) with 10,000 October $110/$115 call spreads bought $2.10
9/20/21 Affirm Holdings (AFRM) buyers of 200 December 2022 $125 calls for $30.40 to $30.80
9/20/21 Z-Scaler (ZS) with 400 May $220 puts selling to open near $14.70
9/20/21 DocuSign (DOCU) opening sale 800 January 2023 $250 puts for $37.50
9/20/21 Workday (WDAY) seeing 7,900 October $230 puts sold to open around $0.95
9/20/21 Albemarle (ALB) 350 March $180 puts sell to open $11.25
9/20/21 Facebook (FB) seller 2000 December $270 puts to open for $3.20 to $3.30
9/20/21 Advanced Micro (AMD) with 1150 April $100 puts being sold to open for $11.50 to $11.35
9/20/21 Palo Alto (PANW) with 500 October $445 puts sold to open for $5.20 today
9/20/21 S&P 500 ETF (SPY) October 1st (W) $441 calls with buyers coming in size lots since 12:51pm $2.36+ trading over 45,000 contracts
9/20/21 Nasdaq 100 ETF (QQQ) this afternoon into lows seeing 12,000 Oct. $338 ITM calls open for over $30M
9/20/21 Doximity (DOCS) the October $95 calls being bought 950X for $6.90 into early weakness
9/17/21 ASML Corp (ASML) with 250 November $860 puts sold to open $45.50 and 500 January $860 puts sold to open $63