Article on Artificial Intelligence: https://joefahmy.com/2023/05/28/the-stock-market-game-changer

Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:40 FOCUS LIST: NVDA, MSFT, ORCL, WING, RVNC
4) 8:55 Stock Review – Semiconductors: SMH (ETF), AMD, AVGO, ASML, LRCX
5) 10:25 Stock Review – Software: IGV (ETF), CRM, PANW, FTNT, NOW, DT, AI
6) 13:10 Stock Review – Biotech: XBI (ETF), AXSM, MDGL, VKTX, TERN, ETNB, RCUS, KRYS, APLS, VRNA, INZY, ABOS
7) 16:30 Stock Review – Watch List/General Ideas/Commentary: CELH, SWAV, ISRG, LLY, ANET, SGML, IONQ, INOD, ITB (ETF)
8) 20:00 Conclusion/Summary

Market Summary:
In this video, I remind members of two themes: 1) Use the 21-day moving average as your guide for indexes, ETFs, and stocks. 2) Continue to work on your process and fine-tuning your overall plan depending on if you’re a trader or investor. Right now, the Nasdaq Composite is extended and I’m expecting a normal pullback/consolidation over the next week or two. We’re still in an uptrend, but we will continue to see pullbacks. That’s why I stress the importance of getting strong entry points, so you can deal with the normal volatility along the way.

I realize there are some sectors that are weak and the overall breadth needs improvement, but I’m still going to stick to my plan. I am focused on the larger cap names that continue to act well and I’m going to manage my positions as best as I can. For example, with the names on the focus list, I am doing my best to play out longer-term moves into year-end, as I expect them to move higher over the next 6-12 months. I will also trade some positions and scale into new ones, and I discuss a few of these in this video. I can’t review every stock in every video, but if you have any questions, you can ask them during the next webinar which will be this Saturday, June 3rd and 11AM EST. Thank you and good luck for the remainder of the week!

Unusual Option Activity:
5/31/23 Russell 2000 ETF (IWM) opening sale 1750 Dec. 166 puts 7.01
5/31/23 Homebuilders ETF (XHB) with over 9000 June $67 puts bought for $0.96
5/31/23 Retail ETF (XRT) nearly 5000 June $59 puts bought as $61 adjust
5/31/23 Oil & Gas ETF (XOP) buyer 2500 September $120/$135 call spreads for $5.60
5/31/23 China ETF (FXI) with 5000 August $27 calls bought for $0.82
5/31/23 Tesla (TSLA) large opening sales of more than 11,000 December 2025 $160 puts at $34.30 down to $33.50
5/31/23 Lululemon (LULU) reporting tomorrow night and seeing 1200 July $360 calls sold to open $9.45 to $9.15
5/31/23 ON Holding (ONON) buyer 2000 September $35 calls $1.10 offer
5/31/23 Netflix (NFLX) with 500 December $355 puts bought for $1.4M
5/31/23 Schrodinger (SDGR) buyer 1000 July $40 calls $1.65 offer
5/31/23 Madrigal Pharma (MDGL) with 1000 Oct. $400 calls sold to open 18.50 to $17.80
5/31/23 J&J (JNJ) with 2000 Oct. $165 calls sold to open $2.76
5/31/23 Google (GOOGL) opening sale 1000 Dec. 2023 $110 puts for $5
5/31/23 Alibaba (BABA) with 2000 June 9th (W) $78 calls bought $2.67 to $2.88 range
5/31/23 Palo Alto (PANW) opening sale 600 September $195 puts $7.35
5/31/23 Micron (MU) with 3000 June $66 puts sold to open 1.43 to 1.41
5/31/23 Amazon (AMZN) opening seller of 15,000 Dec. 2025 $110 puts
5/31/23 Nvidia (NVDA) large opening sale of 4000 December 2025 $330 puts at $60.00 down to $59.50
5/31/23 Nvidia (NVDA) also opening sellers 9500 Dec. 2025 $210 puts as June 2024 $330 adjust
5/31/23 Nvidia (NVDA) buyers of 20,000 July $500/$550 call spreads today
5/31/23 Meta (META) with 1880 Dec. 2025 $210 puts sold to open $30 to $29.25
5/31/23 Coherent (COHR) more bull flow with 1360 January $55 calls bought $2.55 offer
5/30/23 Nasdaq 100 ETF (QQQ) with a massive opening sale of 100,000 December $325 puts for 11.99
5/30/23 Nasdaq 100 ETF (QQQ) also an opening seller 10,000 August $340 puts 8.70
5/30/23 Treasury (TLT) with 3000 December $106/$116 call spreads bought today
5/30/23 Regional Banks (KRE) with 2000 Dec. 2025 $47 puts sell to open for $10.70
5/30/23 Tesla (TSLA) seeing 4000 June 202.50 calls sold to open 8.95 bids into strength
5/30/23 Tesla (TSLA) buyers of 10,000 Oct. $310 calls $4.75 offer this afternoon
5/30/23 Lululemon (LULU) opening sellers 600 December $240 puts $7.25 into earnings this week
5/30/23 Target (TGT) large opening sale 10,000 September $110 puts $2.38
5/30/23 BridgeBio (BBIO) opening sale 1200 June $15 puts $1.40
5/30/23 AbbVie (ABBV) opening sale 1750 January 2025 $135 puts for 15.35
5/30/23 Marvell (MRVL) with 2000 January $50 puts sold to open $3.70
5/30/23 Meta (META) opening seller 2000 June 2024 $205 puts $14
5/30/23 Meta (META) with 3000 August $275 calls being bought $17.20 to $17.30
5/30/23 Meta (META) also buyers of 3500 August $270 calls
5/30/23 Arista Networks (ANET) seeing 2000 July $180 calls bought near $9 to open
5/30/23 Coherent (COHR) aggressive buy 1500 Jan $55 OTM calls $2.40 to $2.50, follows recent Jan $40 calls
5/30/23 On Semi (ON) buyer 1000 September $95 calls at $4.75 offer
5/30/23 Nvidia (NVDA) opening seller 1600 August $520 calls at 7.70 bids
5/30/23 Nvidia (NVDA) 1400 Sept $495 calls bought 23.60+, buyers 1000 Jan $700 calls $12.75, and 2500 June $415 calls bought
5/30/23 Amazon (AMZN) opening sellers 3000 June 2024 $112.50 puts while another 25,000 of the $110 being sold that saw 50K last week
5/30/23 Amazon (AMZN) seeing 5500 September $125 calls bought today looking to add to OI