Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:30 Stock Review – Semiconductors: NVDA, AMD, PI, ACLS, ON, ONTO, AMBA, MRAM, SMH (ETF)
4) 15:00 Stock Review – Homebuilders: TOL, LEN, DHI, ITB (ETF), XHB (ETF)
5) 16:00 Stock Review – Mega Caps: AAPL, MSFT, GOOGL, FB, ROKU, SQ, PYPL, QQQ (ETF), TSLA
6) 19:30 Stock Review – Software: U, DDOG, NET, BILL, SNOW, PANW, RBLX
7) 21:45 Stock Review – Watch List/General Ideas/Commentary: GLBE, MP, ALB, LTHM, LAC, ENVX, FND, IBKR
8) 22:05 Stocks near buyable ranges: MRAM, MP, FND, IBKR
9) 27:10 Conclusion/Summary

Market Summary:
In this video, I discuss some of the reasons why the market corrected the past two weeks, and I also talk about ways to help minimize volatility during these seismic corrections. The biggest question on investors minds right now is: Was this recent sharp pullback just a shakeout before a year-end rally? Or was it the beginning of a bigger correction? Of course, no one knows the answer, but I’m leaning towards a shakeout for the following reasons: 1) The QQQ and SPY held their respective 50-day moving averages 2) The strong seasonality 3) Many stocks are holding up well (I discuss them in this video) 4) Liquidity. Even if the the Fed tapers more quickly than people expect, they are still providing a low-interest rate and equity-friendly environment 5) I’m trying to be optimistic because I’ve never met a rich pessimist 6) I underestimated the extreme negativity that was created during the recent market drop. Certain sentiment measures reached high extremes, almost capitulation-like.

From here, I would still use lighter positions until we get a clearer picture. As I always say, when the market could go either way, I will always lean defensive in order to protect members. Your decisions should be based on your own investment objectives and risk tolerance. I am currently 50% invested, but please keep in mind that it is subject to change, and that I am able to make decisions quickly when needed. If you have any questions or would like me to review any stocks not covered in this video, you can ask them during the next webinar, which will be Saturday, December 11th at 11AM EST. I will go through some of my stock screens during the webinar. Thank you and good luck for the remainder of the week.

Unusual Option Activity
12/8/21 Apple (AAPL) with 10,000 Dec. 31st (W) $167.5/$177.5 call spreads bought
12/8/21 Nasdaq 100 ETF (QQQ) buyer of 5000 Dec. 31st (W) $405/$415 call spreads adjusting the $375/$390 spreads
12/8/21 Coinbase (COIN) large opening sale 850 March $240 puts today at $17.30
12/8/21 Coinbase (COIN) also a buyer of 325 March $280 calls for $42.10
12/8/21 PayPal (PYPL) with 1,350 January 2024 $175 puts sold to open today for $29.10, follows recent insider buys
12/8/21 Roblox (RBLX) seeing buyers active in the 1200 April $120 calls for $2.8M
12/8/21 Roblox (RBLX) the January $135 calls also active 3000X and April $100 puts being sold to open 2900X near $9
12/7/21 Nvidia (NVDA) with over 4,400 January 2024 $600 OTM calls bought today from $32.10 to $32.40
12/7/21 Nvidia (NVDA) also with 7500 June $230 calls opening for $96M as March $220 calls adjusted out and up
12/7/21 Airbnb (ABNB) with 600 Jan 2024 $120 puts sold to open for $15 today, adjusting some Jan 2023 short puts
12/7/21 Apple (AAPL) early opening seller of 6000 Jan. 7th (W) $170 puts for $5, been popular to see this strategy in AAPL
12/7/21 Apple (AAPL) also with 65,000 March $200 calls opening today bought $2.30 to $2.70 range
12/7/21 LAM Research (LRCX) buyer 325 January $715 calls $32 to $32.50
12/7/21 Advanced Micro (AMD) working to the highs with 1000 January 7th (W) $145 calls bought up to $9.55
12/7/21 Ambarella (AMBA) with 1050 Feb $230 calls opening today above $20 as Jan $200 adjust out and up
12/7/21 Radware (RDWR) with 1000 June $32/$26 bull risk reversals opening for around $1 debits
12/6/21 Nasdaq 100 ETF (QQQ) buyer 10,000 Dec. 31st (Q) $400/$410 call spreads for $1.93
12/6/21 Tesla (TSLA) trading 4350 Dec. 31st (W) $1000/$1100 call spreads into early weakness
12/6/21 PayPal (PYPL) with sellers of 1000 March $130 puts for $3.35 to $3.30 this morning
12/6/21 Coinbase (COIN) with 350 February $255 puts sold to open for $29.60
12/6/21 Apple (AAPL) opening sale 3500 Jan. 7th (W) $167.50 puts for $6.30
12/6/21 DataDog (DDOG) bull flow here with 1275 February $175 calls bought $12.50 offer
12/6/21 Advanced Micro (AMD) with 1000 February $110 ITM calls bought for $32 to open today
12/6/21 Advanced Micro (AMD) also seeing 1200 April $125 puts sold to open down to $11.35
12/6/21 Advanced Micro (AMD) also with sellers of the April $120 puts down to $9.05
12/2/21 Axcelis Tech (ACLS) unusual buy of 400 June $75 calls $6.40 offer