Topics covered:
1) 0:00 Announcements
2) 0:20 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:30 Stock Review – Mega Caps: AAPL, TSLA, QQQ (ETF)
4) 12:00 Stock Review – Semiconductors: SMH (ETF), NVDA, AMAT, LRCX, FORM, HIMX, ALGM, UCTT, PI, MTSI, MRAM, SLAB, SYNA, SMTC
5) 18:30 Stock Review – Biotech: INBX, BCTX, RCUS, BCYC, XBI (ETF), IBB (ETF)
6) 21:00 Stock Review – Watch List/General Ideas/Commentary: QLYS, F, FCX, AVTR, DHR, FND, NUE, ZBRA, RACE
7) 25:20 Conclusion/Summary

Market Summary:
In my screening tonight, one big positive is that I’m finding more bases forming and stocks setting up. What I like is that they are showing up in other sectors besides just Semiconductors. The key is to be patient and still let the market prove itself. You might be thinking “What the heck are you talking about? The market is at all time highs!” Yes, I agree the S&P 500 is very strong, but we all know that growth stocks are still struggling beneath the surface. I guess I would like to see these stocks complete their bases and breakout on strong volume to help increase the probability of seeing a new power trend in January.

I think we will get a much clearer picture on market direction in the first two weeks of January when institutional volume picks up again. Also, the economic data in Q1 will give us a clue of how aggressive the Fed will be with rate hikes. If they do raise rates, I can’t see them doing more than one or two hikes before pausing their potential rate-hike cycle. As you can see, there are so many variables and possibilities that I prefer to shut out the noise and stay focused on price action. As always, I will continue to monitor it day-by-day and pass along any interesting analysis that I find. For now, I am still going to keep things light until growth stocks prove themselves a little better. If they start to work, I will increase exposure, but if selling volume comes in during the beginning of January, I would like to keep some cash to hopefully minimize the downside volatility. I present many ideas that are near buy points in this video. If you decide to trade any of them, I suggest using half positions and see how they act. Good luck for the remainder of the week and remember to be patient!

Unusual Option Activity
12/29/21 Applied Materials (AMAT) opening sale 700 June $160 puts for $15.80
12/29/21 DR Horton (DHI) buyer 1820 May $95 calls for $16.42 adjusted out of the $90 strike calls
12/29/21 Marathon Oil (MRO) with 6000 September $17 puts sold to open $2.94
12/29/21 Square (SQ) opening sale 550 April $155 puts for $13.80
12/29/21 Russell 2000 ETF (IWM) buyer 5450 September $225 calls to open for $8.5M
12/28/21 Nasdaq 100 ETF (QQQ) buyers of more than 3,000 January 2024 $485 calls up to $26.25 to open today, over $8.3M
12/28/21 Nasdaq 100 ETF (QQQ) also seeing 4000 of the January 2024 $500 calls bought up to $22.50 for $9M
12/28/21 Nasdaq 100 ETF (QQQ) seeing 2,000 December 2022 $405/$380 bull risk reversals opening for $7
12/28/21 S&P 500 ETF (SPY) similarly with 4000 December 2024 $575 calls bought for $27.15, more than $11.5M
12/28/21 S&P 500 ETF (SPY) also with the $600 calls bought 7,000X for $19.30 and over $14M
12/28/21 S&P 500 ETF (SPY) buyers of 3,950 January 2023 $590 calls for $2.57
12/28/21 Biotech ETF (XBI) with over 1200 June 2023 $100 puts sold to open between $9 and $9.20 today
12/28/21 Tesla (TSLA) early buyers of nearly 2,000 January 2023 $920 ITM calls for $365 to $366, nearly $72M, adjusting higher the $900 calls
12/28/21 EOG Resources (EOG) late buyers of 2000 January $87 calls up to $5
12/28/21 Oracle (ORCL) with 2000 January $89 puts sold to open this morning for $2.35 to $2.27
12/28/21 Veeva Systems (VEEV) buyers of 675 March $280 calls for $9 to open this afternoon
12/28/21 Marvell Tech (MRVL) buyers active this afternoon for 1000 January $93 calls for $1.55 to $1.60
12/27/21 Veeva Systems (VEEV) opening sales of 1000 June $230 puts for $12.80 to $12.30
12/27/21 Taiwan Semi (TSM) opening sales of 1,000 April $120 puts for $6.50 to $6.45, follows the July put sales in size last week
12/27/21 Applied Materials (AMAT) buyers active for nearly 2000 January $167.50 calls up to $3.10
12/27/21 Advanced Micro (AMD) with 1300 January $149 calls bought up to $9 early
12/27/21 Square (SQ) opening sales of 1300 June $110 puts for $3.45 to $3.40 today
12/27/21 Perion (PERI) with 1,500 July $20 puts sold to buy the $25/$40 call spread, common strategy lately especially in the April expiration
12/27/21 Datadog (DDOG) with 6600 January $140 puts sold to open this morning for $0.85
12/27/21 DoorDash (DASH) similar to DDOG seeing 6,000 January $110 puts sold to open for $0.55