Topics covered:
1) 0:00 Announcements
2) 0:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:10 FOCUS LIST: WING, HALO, CELH, PI
4) 11:00 Stock Review – Energy: XLE (ETF), XOP (ETF), OIH (ETF), SLB, HAL, HP, HES, BTU, STLD, CLH, ADM
5) 14:20 Stock Review – Biotech: XBI (ETF), IBB (ETF), VRTX, BIIB, SRPT, NBIX, AMLX, AXSM, PRTA, RYTM, PCVX, FDMT
6) 17:40 Stock Review – Medical Products: TMDX, HRMY, PODD, DXCM, INSP, PRCT
7) 21:40 Stock Review – Semiconductors: SMH (ETF), AEHR, LSCC, ACLS, KLAC, GFS
8) 23:05 Conclusion/Summary

Market Summary:
Current positives: 1) The market technicals continue to improve. Overall, the up days are occurring on strong volume and the consolidation days are on lighter volume. 2) The price action in growth stocks is slowly getting better. In this video, I discuss plenty examples of the subtle improvements I’m noticing beneath the surface. 3) Seasonality. November, December, and January are traditionally some of the stronger months of the year. Current negatives: 1) The Fed is still raising rates and might continue to if the inflation data remains hot. 2) Earnings are expected to slow in 2023. 3) I’m still expecting more volatility and noticing more shakeouts in the markets and individual stocks. Lighter positions can help you deal with this.

I recently increased my investment exposure from 30% to 50%. I currently own a blend of Index and Sector ETFs as well as some individual stocks. As always, this is subject to change and I encourage members to make decisions based on their own timeframe and investment objectives. If you have any questions or would like me to review any stocks, you can ask them during the next webinar which will be this Monday, December 5th at 7PM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity:
12/2/22 Emerging Markets ETF (EEM) with 10,000 September $42/$38 bull risk reversals open for $0.28 credits
12/2/22 Costco (COST) opening sellers January $440 puts 1780X near $5.20
12/2/22 Tesla (TSLA) seeing a block of 1300 Dec 30th $190 puts sell to open for $10.47, adjusting Dec 16th short puts
12/2/22 Wynn Resorts (WYNN) opening sale of 1600 June $52.50 puts for 2.10
12/2/22 Devon Energy (DVN) opening seller of 4000 July $90 calls at $3.32, adjusting Jan $80 short calls
12/2/22 Bristol-Myers (BMY) buyer of 2500 March $87.50 calls at $1.10, adjusting Dec 9th $80 calls higher
12/2/22 Boeing (BA) with 2000 Dec 30th $160 puts sold to open for $1.28
12/2/22 Micron (MU) opening seller 1000 February $55 puts for 4.65
12/2/22 Oracle (ORCL) with 1000 February 82.50 puts bought $4.30 to $4.45
12/2/22 Apple (AAPL) size opening sale 6000 Dec. 23rd (W) $140 ITM calls for $8.50
12/2/22 Amazon (AMZN) seeing 1000 Jan 6th $93 calls bought in large lots at $5.25 offers
12/1/22 Nasdaq 100 ETF (QQQ) seeing large opening sellers 5000 January $296 ITM puts $11.14
12/1/22 Nasdaq 100 ETF (QQQ) also buyer of 5400 Jan. 6th (W) $300/$320 call spreads
12/1/22 ChargePoint (CHPT) opening seller of 10,000 Dec $13 puts for $1.26, adjusting Dec 2nd puts
12/1/22 Costco (COST) with 1000 Dec. 30th (W) $450 puts sold to open 3.95
12/1/22 Biogen (BIIB) opening seller 200 April $320 ITM puts $35.50
12/1/22 Intuitive Surgical (ISRG) sweep buyer 400 June $360 OTM calls $5.50
12/1/22 ON Semiconductor (ON) buyer of 1600 Dec $68 puts for $1.20
12/1/22 Salesforce (CRM) buyer 500 February $130 ITM calls $21.20 offer
12/1/22 Microsoft (MSFT) with 1000 April $260 calls bought $16.34 as $250 adjust up
12/1/22 Palo Alto (PANW) opening seller 1000 June $140 puts for $5.90
12/1/22 S&P 500 ETF (SPY) some notables midday include buyer 2000 January 2024 355 puts for $18.28,
opening sales in Dec. 23 (W) $411 ITM puts 9.51 4000X, and a buyer 15K Dec. 30th (Q) $422 calls $2.52