Topics covered:
1) 0:00 Announcements
2) 0:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:35 Stock Review – Biotech: XBI (ETF), IBB (ETF), AMLX, AXSM, RVNC, ACLX, BTAI, IMCR, RYTM, VTYX, AUPH
4) 14:20 Stock Review – Energy: OIH (ETF), SLB, HAL, TDW, VAL, HES, XOM
5) 16:00 Stock Review – Semiconductors: ACLS, PI, KLAC, AMKR, ALGM, MBLY, AEHR
6) 20:30 Stock Review – Software: AYX, SPLK, ESTC, AI, OSPN, MODN
7) 22:45 Stock Review – Watch List/General Ideas/Commentary: AXON, URI, CELH, DECK, MEDP
8) 24:50 Conclusion/Summary

Market Summary:
The price action of the major indexes continues to show consistent improvement. For the most part, the up days are occurring on strong volume and the down/sideways days are coming on lighter volume. For example, so far this week, Monday was a strong accumulation day and the pullback on Tue/Wed occurred on lighter volume. In this video, I remind members not to overthink things when we have down days. Most of the time it’s because we are extended from the 21-day and need a normal pullback. Again, please keep it simple! From here, I would like to see the Nasdaq Composite regain its 200-day and the S&P 500 consistently STAY ABOVE its 200-day. I am currently 50% invested because I would still like to see the market prove itself and also because the Fed is still raising rates. We are likely to get more clarity on interest rates after next Wednesday’s Fed meeting.

Overall, I really liked the price action beneath the surface on Wednesday. Many stocks found support near their 21-days and the major indexes closed in the higher end of their range. I still think we need to consolidate sideways over the near-term to digest the recent gains. Just remember to use the 21-day as your guide and cut losses on any decisive Friday close below the 10-week. In this video, there are plenty of ideas from many of the leading sectors. One last note, this Weekend’s Video will be posted by Sunday at 12PM EST. Thank you for your understanding and good luck for the remainder of the week.

Unusual Option Activity:
1/25/23 Nasdaq 100 ETF (QQQ) large trade sold 7000 January 2024 $265 puts to open $16.54 to $16.37
1/25/23 Halliburton (HAL) 1500 March 40 calls bought 2.29 offer
1/25/23 Schlumberger (SLB) green in weak tape and seeing 3000 March $50 puts sold to open $1.00
1/25/23 Devon Energy (DVN) buyer 2000 March $70 calls $1.12 offer and 3500 June $75 calls active with buyers
1/25/23 Hess (HES) opening sale 1400 April $130 puts $2.35
1/25/23 Exxon (XOM) opening sale 2000 February 108 puts for $2
1/25/23 Zillow (Z) with 1000 December 40 puts selling to open $5.90
1/25/23 Amgen (AMGN) opening seller 1000 April 275 calls for 4.20
1/25/23 Freeport McMoran (FCX) with 2200 August $40 puts sold to open $2.88
1/25/23 Okta (OKTA) with recent bull flows and today 1350 Feb $65 calls with buyers $4 to $4.40 range
1/25/23 Snowflake (SNOW) buyers into the dip for 800 August $190 calls at $8.30
1/25/23 Elastic (ESTC) buyer 1350 February $55 calls up to $2.65, follows recent unusual call buys
1/25/23 Google (GOOGL) buyer 2300 February $93 calls $4.80 into weakness
1/25/23 Apple (AAPL) large buyers of 14,000 February $137 puts bought at $3.75 in sweep buys, earnings next week 2/2
1/24/23 S&P 500 ETF (SPY) massive trade this morning sold 30,000 May $400 puts to open $15.49
1/24/23 US Oil ETF (USO) buyer 14,000 February $72.50 calls for $2.08 also buys the $78 calls
1/24/23 Tesla (TSLA) seeing buyers of 700 Sept 2024 $145 calls for $46.46, some spread against sales of the $180 calls also
1/24/23 Enphase Energy (ENPH) buyer of 1500 Feb. 10th (W) $200 puts $7.32 rolls down the recent $225 put buys
1/24/23 Exxon (XOM) with a large block of 4250 July $125 calls sold to open at $4.00 bids
1/24/23 Pfizer (PFE) with buyers of 2500 Feb 10th $45 puts at $1.60 offer sweeps
1/24/23 Halozyme Therapeutics (HALO) opening sale of 1100 June $55 calls at $3.40
1/24/23 Pinterest (PINS) opening seller 3700 August $15 puts for $0.69
1/24/23 Pinterest (PINS) also 2000 June $16 puts sold to open
1/24/23 Palo Alto (PANW) with 1000 September $140 puts sold to open around $10
1/24/23 Amazon (AMZN) opening seller 1200 March 2024 $80 puts for $6.60
1/24/23 Intel (INTC) opening seller 2000 June 2024 $30 puts for 4.50
1/23/23 Russell (IWM) with 13,000 March 3rd (W) $180 puts bought $2.55
1/23/23 Tesla (TSLA) with 1200 June 2025 $75 puts sold to open for $12.85
1/23/23 Axsome Therapeutics (AXSM) spreads selling 800 June $60 puts to buy 800 of the $85/$95 call spreads
1/23/23 Amylyx Pharma (AMLX) 500 Mar 40 calls bought 3.50 to 3.70
1/23/23 Revance Therapeutics (RVNC) 6000 April $30/$40 call spreads bought as February $30 bull synthetics adjust
1/23/23 Alteryx (AYX) with massive 28,300X February $40 synthetic long adjusting to May
1/23/23 AstraZeneca (AZN) with 1970 March $62.50 puts sold to open $0.84
1/23/23 Disney (DIS) massive buy of 20,000 June $80 calls $27.81 as the Feb 85 calls adjust
1/23/23 Disney (DIS) also seeing 1800 Jan 2025 $135 calls bought for $10.80
1/23/23 Starbucks (SBUX) with 120,000 April $115 calls bought $2.02 as March spreads close today
1/23/23 Chewy (CHWY) seeing 2000 Jan 27th $37 ITM calls bought $6.30
1/23/23 Chewy (CHWY) with 10,000 next week $46 calls bought late as well
1/23/23 Apple (AAPL) with 15,000 April 155 calls selling to open down to 2.30
1/23/23 Microsoft (MSFT) large buy-write sold 5000 September 280 calls 9.425
1/23/23 World Wrestling (WWE) large opening trade for 3500 July $95/$85 bull risk reversals at a $0.05 debit with recent M&A talks heating up
1/17/23 Onespan (OSPN) with 2000 March $12.50 calls opening $1.60 in spreads with the $17.5 calls
11/8/22 OneSpan (OSPN) been hot since recent unusual buy of 4000 March 12.5/17.5 call spreads and those today roll to 5000 March $15/$20