Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:45 FOCUS LIST: NVDA, MSFT, ORCL, WING, RVNC
4) 10:00 Stock Review – Semiconductors and Software: SMH (ETF), AMD, AVGO, ASML, LRCX, ACLS, ALGM, CRM, PANW, FTNT, DUOL
5) 13:00 Stock Review – Biotech: XBI (ETF), AXSM, IMCR, VKTX, TERN, ETNB, MDGL, RCUS, KRYS, PTCT, ITCI, BTAI, TGTX, APLS, CBAY, INZY
6) 20:50 Stock Review – Watch List/General Ideas/Commentary: CELH, SWAV, LNTH, PODD, DXCM, TMDX, INSP, ONON, DECK, SGML, SMCI, NVCR, PEN, ITB (ETF)
7) 24:00 Stocks near buyable ranges: AXSM, ABOS
8) 25:00 Conclusion/Summary

Market Summary:
I’ve discussed in recent videos the reasons I’m more positive than most people on the markets. I will continue to stick to the five guidelines I have outlined and manage my portfolio as best as possible. In this video, I talk about the importance of working on your own style. For example, coming into this week, I mentioned how it was likely to be a strong week due to options expiration (OpEx). If the strength continues, I will likely reduce exposure into the end of the week because the week after OpEx tends to trend to the downside. Does this mean you should do the same? Absolutely not. You should only do what works for your timeframe and your overall investment objectives. I only present these trends to help people who like to actively manage their portfolio and vary their investment levels. However, if you are a longer-term investor, get strong entry points, be patient, and stick to your plan.

Another point I stress in this video is to keep more of your portfolio in the quality institutional stocks and stronger sector ETFs. I’m getting too many questions about how to trade Biotechs and that’s telling that you’re either not trading within your comfort levels or your position size is too big. Some options include to pass on these stocks if you’re not comfortable, or take lighter positions and use the 200-day as your stop. Please keep in mind these are more speculative names, and it’s ok to speculate, but please do it with a smaller portion of your portfolio. If you have any questions, you can ask them during the next webinar which will be this Saturday, May 20th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
5/17/23 S&P 500 ETF (SPY) with 1800 Dec. $382 puts selling to open 11.75
5/17/23 Nasdaq 100 ETF (QQQ) opening seller 10,500 June $327 puts $6.06 as May $327 short puts adjust
5/17/23 Nasdaq 100 ETF (QQQ) seeing 3500 June 9th (W) $330 calls bought today $2.5M
5/17/23 Nasdaq 100 ETF (QQQ) also 3250 Dec. $358 calls sold to open today 10.95
5/17/23 Regional Banks ETF (KRE) seeing large buys of over 8000 June 9th $41 calls at $0.76
5/17/23 On Holding (ONON) 1500x June $30 calls bought for $1
5/17/23 Tesla (TSLA) seeing September $235 call buyers $3.90+ hot all morning for 7500X
5/17/23 Philip Morris (PM) with 10,000 Sept $100 calls sold to open $1.90
5/17/23 Academy Sports (ASO) opening sale 1500 January $43 puts for 2.80
5/17/23 Target (TGT) opening sale of 500 June 2024 $140 puts at $10.30
5/17/23 Exxon (XOM) opening seller 1500 June 30th (W) 106 calls 3.15 bid
5/17/23 Chevron (CVX) opening sale 10,000 June 160 calls for 2.28 to 2.25
5/17/23 Zillow (Z) buyers 1150 June 2024 $50 calls $7.50 to $7.95
5/17/23 Viking Therapeutics (VKTX) also 750 August $25 puts sold to open 4.75
5/17/23 Immunovant (IMVT) sweep buys for 260 January $25 calls at $4.00 offers
5/17/23 Eli Lilly (LLY) opening seller 1500 September $350 puts for $3.40
5/17/23 Snowflake (SNOW) with 2425 Nov 105 puts sold to open 3.80 bids, similar to CRM OTM put sales in November
5/17/23 Nvidia (NVDA) buyers of 750 Jan 2025 $345 calls for $61 offers
5/17/23 Meta (META) buyers of 3000 August $255 calls $13.35 to $13.75 in size lots looking to add to OI
5/17/23 Apple (AAPL) opening sale 1000 November $170 puts 10.15
5/17/23 Google (GOOG) buyer 5000 September $122.50 calls at $8 adjusting the $110 calls
5/17/23 Coherent (COHR) very unusual aggressive sweep buyers of 4000 January $40 calls $1.40 to $1.55
5/17/23 Amazon (AMZN) today seeing opening sales of 3900 Sept 2024 $135 ITM puts for $25.90
5/17/23 Apellis Pharma (APLS) seeing some interesting late day spreads opening 500 October $100, $105, $110 and $120 calls bought while selling the same strike July calls for calendars spreading out over various strikes
5/16/23 S&P 500 ETF (SPY) 2000 Dec. $381 puts sold to open today 11.70 to 11.60
5/16/23 Oil & Gas ETF (XOP) buyer 4500 June 2nd (W) $115/$110 put spreads for $1.14
5/16/23 Energy ETF (XLE) buyer 3000 June 23rd (W) $77 puts 2.23 to 2.25
5/16/23 Nasdaq 100 3X ETF (TQQQ) with 2000 June 30th (W) $77 calls bought $3.62 as some May $29 start adjusting.
5/16/23 Tesla (TSLA) buyers of 1400 Dec $220 calls $11.20, follows size Sept call buys yesterday
5/16/23 On Holding (ONON) 1250 Oct 22.5 puts sell to open 1.15
5/16/23 Home Depot (HD) opening seller 10,000 July $250 puts $2.45 to $2.39
5/16/23 Apache (APA) buyer 5500 June 30th $28 puts for $0.67, adjusting the May 26th $32 puts down
5/16/23 Progyny (PGNY) with 900 June $35 puts sold to open 1.35
5/16/23 J&J (JNJ) opening sale 1000 June 30th (W) $155 puts 1.93
5/16/23 Novocure (NVCR) midday buyer of 1000 June $100 calls at $5.00 offer
5/16/23 Madrigal (MDGL) late trade buys 1000 July $300 calls $45.80 and 1000 July $380 calls bought 18.80
5/16/23 Pfizer (PFE) with 1150 December $35 calls bought $3.95 to $4
5/16/23 Pfizer (PFE) also with 2700 December $32.50 puts sold to open $0.91
5/16/23 Livent (LTHM) with 500 ITM September $20 calls opening $6.50
5/16/23 Taiwan Semi (TSM) buyer 45,000 August $75 calls $13.55 adjusting the May $70 calls
5/16/23 Amazon (AMZN) with another 4000 January 2025 130/180 call spreads bought for $12
5/16/23 Google (GOOG) opening sale 2600 August $115 puts $4.80
5/16/23 TI (TXN) opening sale 15,000 July $150 puts 2.19
5/16/23 Super Micro (SMCI) strong move and seeing buyers of 400 June $165 calls at $3.50
5/16/23 Advanced Micro (AMD) seeing 10,000 September $120 calls buy $4.40 offer this morning
5/15/23 S&P 500 ETF (SPY) large midday buyer of over 40,000 June $422 calls at $2.64 to $2.68, over $12M
5/15/23 Tesla (TSLA) size buyers midday for 3500 September $166.67 calls $22.20 offer
5/15/23 Ford (F) opening sale 2000 June 2025 $10 puts 1.65
5/15/23 Skechers (SKX) with 4000 June $60 calls bought $0.39 as May $55 adjust
5/15/23 Occidental (OXY) with opening seller 1500 June 2024 $60 puts for 8.75
5/15/23 Schlumberger (SLB) with 1000 June 2024 $40 puts sold to open for 4.90
5/15/23 Marathon Petroleum (MPC) opening sale of 575 Nov $115 calls for $10.25
5/15/23 Bank of America (BAC) with 3000 March 2024 $27 puts sold to open 2.65
5/15/23 ImmunoGen (IMGN) buyer 1000 June $12 calls $2.05 to $2.15 into early fade
5/15/23 Day One Bio (DAWN) unusual aggressive buy of 900 June $15 calls $1.70, a likely play on ASCO data
5/15/23 Fortinet (FTNT) with 1250 September $70 ITM puts sold to open 5.80
5/15/23 Advanced Micro (AMD) 6500 May 91 puts sell to open early
5/15/23 Advanced Micro (AMD) buyers of 5000 May 26th $97 calls for $1.40
5/15/23 Taiwan Semi (TSM) with 1900 June 2024 $105/$125 call spreads bought here at $3.20
5/15/23 Nvidia (NVDA) with 1000 max strike and timeframe Dec. 2025 $535 calls bought today above $30
5/15/23 Nvidia (NVDA) opening seller 2050 Aug $230 puts for $6.15 also seeing Aug $310/$350 call spreads trade 2940X
5/15/23 Palo Alto (PANW) buyer 600 June 23rd (W) $195 calls $8.75 to $9.15, reports 5-23
5/15/23 Amazon (AMZN) buyers of 4000 June 30th $112 calls for $4.65 into the final hour here
5/12/23 Apple (AAPL) large opening sale into the close for 8000 June 2024 $220 calls at $5.15 sweep bids
5/12/23 Nvidia (NVDA) late day buyer of 1500 June 2025 $545 max strike calls for $21.25 to $21.75