Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:55 FOCUS LIST: XBI (ETF), CELH, SWAV, HALO
4) 13:00 Stock Review – Watch List/General Ideas/Commentary: EVH, MNST, GH, ARKG (ETF), PRVA, TMDX, CORT, ASRT, ON, CDNS, SNPS, PI, PLAB, ENPH, XENE, CALM, LNTH, IRTC
5) 21:00 Stocks near buyable ranges: XBI (ETF), GH, PRCT
6) 23:50 Conclusion/Summary

Market Summary:
In this video, I review how the price action was normal early last week and the reasons why. After that, the Nasdaq Composite saw three consecutive days of accumulation. Most of it had to do with Fed Chair Powell’s fairly dovish comments but part of the gains last week had to do with the fairly negative sentiment. From here, the bulls would like to see a healthy consolidation. Short-term, the major indexes are extended from their 21-day moving averages, so a normal, low-volume pullback would be welcome. Also, keep in mind that we are heading into August and September, which are traditionally two of the weaker months of the year.

I am going to stick with my plan of keeping some cash and also keeping exposure to some of the strongest stocks and ETFs I can find. Please remember that if you also want broad market exposure, you can always use ETFs such as SPY, QQQ, or IWM. I don’t see the indexes screaming higher from here, but that doesn’t mean I’m expecting significant downside either because many are still negative on this market. A healthy sideways consolidation would be great but, as always, I will take this day-by-day. If you have any questions, would like clarification on anything covered in this video, or would like me to review any stocks not covered, you can ask them during the next webinar which will be this Monday, August 1st at 7PM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity:
7/29/22 S&P 500 ETF (SPY) over 26,000 Dec $385 puts bought at $13.09, adjusting up the Dec $360 put hedges
7/29/22 Tesla (TSLA) buyers in Sept $720 ITM calls today 3000X for over $50M with many spreading vs. $950
7/29/22 Apple (AAPL) seeing 33,000 of the Nov $175 calls bought up to $5.60 as Oct $165 calls adjust higher
7/29/22 Disney (DIS) buyer 1700 August $111 calls for $1.43
7/29/22 Disney (DIS) also with October $115/$90 bull risk reversal opening 3400X at $1.08 debit
7/29/22 Twitter (TWTR) buyer 1100 Oct. $28 calls $14.45, seeing lots of ITM calls this week
7/29/22 Halliburton (HAL) buyers of 1000 December $32 calls $2.44 offer, follows OTM call action yesterday
7/29/22 Occidental (OXY) buyer 2500 October $75 calls $3.10 offer, reports 8-2
7/29/22 Apache (APA) with 1500 August $34 short puts opening $1.04 and 2000 Aug. $38 calls with buyers up to 1.75
7/29/22 Evonix (ENVX) opening seller 1500 January $20 deep ITM puts for $8.10
7/28/22 S&P 500 ETF (SPY) over 20,000 Aug. 12th (W) $420 calls bought this afternoon for $6M
7/28/22 Biotech ETF (XBI) massive trade today sold 20,000 Jan $75 puts to buy 20,000 of the $85/$105 call spreads at net zero cost
7/28/22 I-Rhythm (IRTC) seeing 650 Nov $160/$210 call spreads open as Sept spreads adjust, reports 8-4
7/28/22 Occidental (OXY) buyer 1200 August $62 calls $3.60 offer
7/28/22 Schlumberger (SLB) opening seller 3000 Dec. 25 puts for 0.79
7/28/22 Twitter (TWTR) seeing 1800 October $26 calls bought at offer sweeps $15
7/28/22 Twitter (TWTR) also with 7500 September 2nd $36 puts sold to open at $0.65
7/28/22 Lantheus (LNTH) seeing 1000 Aug. $90 calls sold $1.65 with the $75 and $70 puts bought 1000X, likely protective, reports 8-4
7/21/22 Xenon Pharma (XENE) unusual 400 January $35 puts sold to open at-the-money today for $6.50