Latest Yahoo Finance article: https://finance.yahoo.com/news/5-things-need-to-happen-before-the-market-turns-around-145106875.html
Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:15 Stock Review – Energy: XLE (ETF), OIH (ETF), XOP (ETF), APA, BKR, DVN, MTDR, SM, WHD
4) 8:35 Stock Review – Watch List/General Ideas/Commentary: CF, MOS, BG, NTR, BROS, SRTS, NMM, ZIM, PSA, AVGO, PCRX, VRTX
5) 12:45 Conclusion/Summary
Market Summary:
Reviewing the price action so far this week: Monday was a distribution day (a down day on heavier volume than the previous day). Tuesday was another distribution day, and Wednesday was a low-volume recovery day. I’m open-minded that we may have bottomed but I still need to see many things happen before I feel confident in a new, sustained uptrend. The conclusion is the same: Please be patient, stay defensive, and be disciplined in your trading.
I thoroughly went through my screens prior to this video and found very few stocks setting up. I present about 20 names in this video that are mostly on my watch list. I’m still going to keep things light and be patient until conditions improve. Don’t get frustrated, stay patient, and remember that better times are ahead. We just need time to get through this correction. Thank you and good luck for the remainder of the week.
Unusual Option Activity
3/9/22 Acadia (ACAD) seeing 800 June $25 calls bought for $3.80, follows the March and April call buys
3/9/22 Mosaic (MOS) opening sales of 1000 April $48 puts for $1.75 to $1.72
3/9/22 Peabody Energy (BTU) buyers of 1000 April $23/$29 call spreads today for $1.50
3/9/22 Nvidia (NVDA) seeing 1500 ITM April $210 calls sell to open $25.95 to $24.83
3/9/22 Apple (AAPL) large opening sale 8050 April 22nd (W) $180 puts $19.05 to $19
3/8/22 DataDog (DDOG) sweep buyer of 2000 April $135 calls $10 to $10.20
3/8/22 Visa (V) buyers of 1,475 January $135 ITM calls for $64.90 to $65 today, over $9.65M
3/8/22 Facebook (FB) large opening sale of 4000 April $195 puts for $11.60
3/8/22 Biotech ETF (XBI) large buy into morning lows of 4850 September $91 calls for $6.35
3/8/22 Nasdaq 100 ETF (QQQ) large opening sale of 2500 September $318 puts for over $6.5M
3/8/22 Nasdaq 100 ETF (QQQ) also buyers active 4450 March 28th (W) $328 calls for $5M
3/8/22 Energy ETF (XLE) opening sale 3000 June $75 puts for $4.95
3/8/22 Devon Energy (DVN) buyer of 1000 October $80 calls for $4.10
3/8/22 Baker Hughes (BKR) the April $32 puts sold to open 3000X today for $1.15 with the $35/$40 call spread bought for $1.67
3/8/22 CF Industries (CF) buyers of 1000 May $125 OTM calls for $2.40 to $2.75 to open
3/8/22 CF Industries (CF) also with 1000 April $90 puts sold to open today from $5.40 down to $5.10
3/8/22 Taiwan Semi (TSM) opening sale 1250 October $75 puts for $3.90
3/8/22 Snowflake (SNOW) large opening sale of 500 January 2024 $195 puts for $55.50
3/8/22 Netflix (NFLX) with 350 March 2023 $340 puts sold to open this afternoon for $53.10, over $2.6M
3/8/22 Nike (NKE) late day buyers 650 July $115 ITM calls $15.15 to $15.45
3/7/22 Wynn Resorts (WYNN) trade opens 1000 April $85/$60 bull risk reversals for $0.84
3/7/22 Semiconductors ETF (SMH) with 12,000 April $285 calls being bought to open into early weakness
3/7/22 Tesla (TSLA) this morning with 2200 April 1st (W) $900 calls being bought near $42 to open
3/7/22 Ford Motor (F) buyers of the September $16 calls for $2.61, over 3000X
3/7/22 SM Energy (SM) with 1500 April $45/$55 call spreads trading early as March spread adjust
3/7/22 Schlumberger (SLB) buyers active in the April 1st (W) $40 calls from $4.15 to $4.60, over 2000X
3/7/22 Diamondback Energy (FANG) with 1000 June $140 calls bought $17+ today
3/7/22 Apache (APA) July $40 calls with 1900X bought this morning near $6
3/7/22 Bunge (BG) buyers 875 July $125 OTM calls $4.10
3/7/22 Bunge (BG) also with over 1350 April $120 calls bought up to $2.90 on the day
3/7/22 Microsoft (MSFT) buyers in April $285 calls this morning 2475X for over $3M
3/7/22 ON Semi (ON) buyer of 500 September $65 calls $5.95
3/7/22 EOG (EOG) with 650 January $100 puts sold to open for $11.65
3/4/22 Exxon (XOM) over 7500 April $80 puts sold to open today for $3.25
3/4/22 Apple (AAPL) over 65,000 April $150 puts being bought on the day with buyers early from $3 to $3.25
3/4/22 Amazon (AMZN) the April $2940/$3150 call spread trading 1150X for $80.30
3/4/22 Alcoa (AA) buyer of 1000 March $92 calls for $5.10 into the close
3/4/22 Transocean (RIG) buyers of 3000 January 2024 $5 calls for $1.55