Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:15 BONUS EDUCATIONAL CONTENT – Ways I have traded AI
4) 15:15 NEW FOCUS LIST: SMH (ETF), NVDA, PANW, WING, RVNC
5) 20:05 Stock Review – Semiconductors: AMD, ACLS, ALGM, CRUS, LSCC, LRCX, GFS, AEHR, MBLY, SMCI
6) 24:35 Stock Review – Software: TENB, AYX, CDNS, ALTR, ANSS
7) 27:00 Stock Review – Biotech: XBI (ETF), CBAY, APLS
8) 28:50 Stock Review – Watch List/General Ideas/Commentary: SGML, TXRH, ANET, LNTH, DXCM, PODD, TMDX, FOUR, ONON, DECK, PERI, MELI, AXON, INOD
9) 34:10 Stocks near buyable ranges: PI, ON, RCUS, WING
10) 35:50 Conclusion/Summary

Market Summary:
Of the questions I’ve discussed in recent videos, the most interesting one to me is whether the recent strength in technology would lift the market? Or would the weakness in financials and other sectors weigh down on the market? My conclusion was to be defensive until we got more clarity. Over the past two weeks, the clarity is that the overall price action has improved. Of course, we are still not out of the woods, but we are heading into a seasonally strong month, and I continue to lean more positive that most people mainly because of the price action in growth stocks.

In this video, I start by reviewing the major indexes and the two “follow through” type days on the Nasdaq Composite this past week. In addition, I’ve put together a new Focus List. These are higher conviction stocks and ETFs that I like longer-term. As you know, 90% of what I use to judge the health of the market is the price action of growth stocks. I am starting to see more stocks breaking out on strong volume and holding their breakouts. In addition, they are spread across more sectors. I’m glad that some recent ideas are working out and I hope to have more as the price action continues to improve. Again, please remain disciplined and focus on those strong entry points. If you have any questions, you can ask them during the next webinar which will be Monday, April 3rd at 7PM EST. Thank you and enjoy the remainder of your weekend.

Unusual Option Activity:
3/31/23 S&P 500 ETF (SPY) with 1650 Oct. $370 puts sold to open 10.52 in early action
3/31/23 S&P 500 ETF (SPY) also buyers of 45,000 may $387 puts at $4.10, adjusting the $384 puts as ongoing hedge
3/31/23 China Tech (KWEB) seeing 6600 June $27 puts sold to open for $0.81
3/31/23 Ark Innovation ETF (ARKK) seeing 5700 May $47 calls bought here for $0.60 offers
3/31/23 Target (TGT) with 1500 June 2024 $200 calls sold to open 10.10
3/31/23 Dicks Sporting Goods (DKS) large opening seller of 2800 April $142 puts at $5.70 down to $5.40
3/31/23 JD.com (JD) opening seller 2000 April 27th (W) $47 puts $4.25 to $4.10
3/31/23 JD.com (JD) also buyer 3500 June $45 calls $3.85 offer
3/31/23 Starbucks (SBUX) early size bull flow with 2750 May 5th (W) $105 calls bought up to $2.80
3/31/23 Netflix (NFLX) buyer of 2000 April 28th $390 calls at $4.95 to $5.10, captures earnings 4/18
3/31/23 Chevron (CVX) with 1000 May 5th $165 puts bought for $5.85 offers, captures earnings 4/28
3/31/23 Marathon Petroleum (MPC) with 1000 April 28th $133 puts sold to open at $4.65 down to $4.15
3/31/23 Citigroup (C) opening sales of 2000 May $44 puts for $1.33
3/31/23 Visa (V) opening sales of 1300 May 5th $235 calls at $2.51
3/31/23 Reata Pharma (RETA) large opening sale of 2000 May $105 calls at $2.85
3/31/23 Viking Therapeutics (VKTX) into the dip today a buyer of 3000 June $17 calls for $3.30 offers
3/31/23 Apellis Pharma (APLS) with 1000 May $75 calls bought at $1.95
3/31/23 Alteryx (AYX) opening sale of 500 May $55 puts at $3.20 bids
3/31/23 Meta (META) roll of another 20K May $145 calls to the $180 strike
3/31/23 Amazon (AMZN) large buyer of 4000 June 2025 $125/$170 call spreads at $10.85, over $4.3M
3/31/23 Micron (MU) an opening sale of 2000 October $60 puts for $6.15
3/31/23 Academy Sports (ASO) with a block of 1400 April 6th $75 ITM puts sold to open $10.65, has its investor day that week on April 4th
3/31/23 Tesla (TSLA) large opening sale of 1862 April 6th $227.50 ITM puts at $23.90, over $4.4M and adjusting March 31st $210 short puts from last week
3/30/23 S&P 500 ETF (SPY) large buyer of 25,000 April 6th $407/$414 call spreads for $1.81
3/30/23 Russell 2000 ETF (IWM) opening sale for 10,000 Sept $156 puts at $4.19, adjusts the May $165 short puts
3/30/23 Ark Innovation ETF (ARKK) buyer 5330 Sept $48 calls for $1.82
3/30/23 Foot Locker (FL) unusual early buys 2000 next week 40.50 calls at $1.10
3/30/23 Ulta Beauty (ULTA) seeing a massive buyer of 1100 January $540 calls bought for $64 to $66.60
3/30/23 Floor and Decor (FND) with 4400 April 85 puts sold to open 0.825
3/30/23 Airbnb (ABNB) with 1600 August 90 puts sold to open 3.10
3/30/23 Occidental (OXY) with 3000 Nov $60 puts sold to open $6.00
3/30/23 Occidental (OXY) also seeing 1300 November $57.50 puts sold to open for $4.95 to $5
3/30/23 Darden (DRI) seeing 750 January $165 calls bought for $9.50
3/30/23 American Express (AXP) with 500 January 2025 $185 calls bought for $20.20
3/30/23 American Express (AXP) block of 1500 May $150 puts sold to open for $3.51, follows the massive bull trade this week
3/30/23 Amylyx Pharma (AMLX) opening sale 2000 August $35 calls for 1.95
3/30/23 Dexcom (DXCM) seeing 2310 May/June $130 call calendars open for $1.08 debit
3/30/23 Block (SQ) opening sale 850 June 2024 $67.5 puts for $14.85
3/30/23 Lantheus Holdings (LNTH) with 335 May 85/95 call spreads bought
3/30/23 Enovix (ENVX) size buys of 2900 January 2025 $5 deep ITM calls $10.80 offer
3/30/23 Meta (META) May $180 calls bought 20,000X at $33.35 as the May $145 that bought on 2/15 adjust again
3/30/23 Meta (META) sellers 2000 May 185 puts today 6.25 bid
3/30/23 Pinterest (PINS) opening sellers of 3960 August 18 puts at 0.64
3/30/23 Marvell Tech (MRVL) with 1700 September 32.50 puts sold to open 1.66
3/30/23 Palo Alto (PANW) more bull flow with 2200 June $180 puts sold to open $6.50
3/30/23 Microsoft (MSFT) early buyers 1000 August $305 calls $11.75 to $12.20 where buyers came in yesterday
3/30/23 Docusign (DOCU) opening sellers 1600 Aug 37.5 puts 1.34
3/30/23 Nvidia (NVDA) seeing 3400 April 6th $272.50 puts sell to open at $5.25 bids
3/30/23 Advanced Micro (AMD) buyers hot in May $110 calls 4500X $3.25 to $3.55