Statistics on June OpEx and the week after OpEx: https://twitter.com/ukarlewitz/status/1667597980835397632

Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:10 FOCUS LIST: NVDA, MSFT, ORCL, WING
4) 11:10 Stock Review – Semiconductors: SMH (ETF), AVGO, AMD, LRCX, ASML, ACLS, MRVL
5) 12:20 Stock Review – Software: IGV (ETF), CRM, PANW, FTNT, NOW, DT, AI, CDNS, ALTR
6) 14:00 Stock Review – Biotech: XBI (ETF), AXSM, RVNC, VKTX, TERN, ETNB, BMEA, KRYS, PRTA, MDGL, RCUS, APLS, VRNA, TGTX, ABOS
7) 19:00 Stock Review – Watch List/General Ideas/Commentary: CELH, SWAV, ISRG, LLY, RXST, ANET, DXCM, INOD, SDGR, ITB (ETF)
8) 21:30 Conclusion/Summary

Market Summary:
In this video, I remind members of the points I discussed in the Market Note on 5/21/23. The market is healthy 2-3 times a year and this is one of those times. The market is sending us a clear message that the economic reports don’t matter, and neither does the Fed. There is a bigger force behind the market, and I believe it is the productivity gains that will be powered by Artificial Intelligence (AI) over the next few years. Will we see corrections and volatility along the way? Of course! But right now, the market is showing us its clear leaders and I want members to stay focused on them and the strongest growth sectors.

As I mentioned coming into this week, the week of regular cycle options expiration tends to trend to the upside. Into this week’s strength, I reduced my exposure from approximately 80% invested down to 70%. If next week sees some profit taking, I plan to put that cash back to work. As always, I encourage members to get those strong entry points and manage your positions according to your timeframe and investment objectives. One thing I also cover in this video is I am NOT encouraging shorting. Many members have emailed me that their stocks are doing well, but their short positions are hurting them. I haven’t mentioned shorting in any videos this year! If you are an experienced trader and you want to short as a way to hedge your portfolio, then I completely understand and do what works for you. However, I go back to the reminder of staying focused on the winners! This is one of those rare healthy times for the market, and I need members to stay mentally tough and do your best to shut out the noise. Good luck for the remainder of the week, and the next video will be posted by Sunday, June 18th at 6PM EST due to the Juneteenth holiday on Monday.

Unusual Option Activity:
6/14/23 S&P 500 ETF (SPY) seeing large buys for 20k each of the July 7th $440 calls at $4.10 and the July 14th $442 calls bought $4.07, adjusting the June 23rd $435 calls up and out
6/14/23 Tesla (TSLA) buyer of 1000 March 2024 $475/$550 call spreads
6/14/23 Netflix (NFLX) with 2000 August $480 calls selling to close today, but a buyer of 1000 $505 calls $12.80 offer
6/14/23 Shopify (SHOP) with 800 June 2024 $65 puts sold to open $12.15
6/14/23 Diamondback Energy (FANG) with 1225 Sept $110 puts sold to open $3.10
6/14/23 Visa (V) seeing a buyer of 1500 August $230 calls for $5.70, adjusts the $235 calls
6/14/23 J&J (JNJ) opening sale 1000 June 2024 $160 puts for $8.15
6/14/23 Axsome Therapeutics (AXSM) elevated calls trading as appears 1000 Sept/January $85 call calendars opening
6/14/23 Intuitive Surgical (ISRG) buyers of 1400 July 28th (W) $350 calls for around $550K
6/14/23 Nvidia (NVDA) early bull trades buying 2600 Sept $525 calls $11.19 and selling 2600 of the $235 puts at $1.08
6/14/23 ASML (ASML) opening sale 450 August $600 puts $3.40
6/14/23 Microsoft (MSFT) buyer of 3775 August $355 calls for $8.10 as July $300 adjust
6/14/23 Snowflake (SNOW) large midday opening sales of more than 3000 June 2024 $140 puts sell for $16.70 down to $16.15
6/14/23 Snowflake (SNOW) June 30th (W) IV ramping with 9500 of the $200 calls bought $2.25+. SNOW Investor Day 6/27
6/14/23 Alteryx (AYX) opening seller 500 November $45 puts 6.80
6/14/23 Cloudflare (NET) seeing 2775 July 28th (W) $73 calls bought $4.35 offer
6/13/23 Nasdaq 100 ETF (QQQ) Dec 2024 $400 calls opened for $6.2M and sold 2000 Dec. 2023 $340 puts
6/13/23 Biotech ETF (XBI) opening seller 4000 September $82 puts for 2.01
6/13/23 Biotech ETF (XBI) with 6000 Sept $95 calls bought near $3.30 as well with those short puts
6/13/23 Russell 200 ETF (IWM) trade sold 16,500 Sept $172 puts to buy 16,500 of the $192/$200 call spreads
6/13/23 Celsius Holdings (CELH) with a block of 1500 July $135 puts sold to open $3.75
6/13/23 Tesla (TSLA) large buy 5000 November $200 calls $68.50 as August $120 adjust
6/13/23 Tesla (TSLA) also block of 2550 November $270 short puts opens $39.75 as $220 adjust
6/13/23 Starbucks (SBUX) recent laggard but 2000 July $97.50 calls bought up to $3.70
6/13/23 Eli Lilly (LLY) opening sale 500 November $400 puts for $11
6/13/23 Cameco (CCJ) seeing a large opening sale midday for 10,000 Sept $37 calls at $0.90
6/13/23 Oracle (ORCL) trade opens 1500 Sept $130/$120 bull risk reversals for a credit of $0.74
6/13/23 Advanced Micro (AMD) large put sales remain popular with 5150 Sept $135 puts sold to open $13.65 to $13.50
6/13/23 C3.AI (AI) buyers 1800 July 7th (W) $38 calls for $700K
6/13/23 Nvidia (NVDA) 2500 August $325 puts sold to open $3.65 bids
6/13/23 Amazon (AMZN) buyer 2000 December $125 calls $14.30 while 1200 of the $125 puts sold to open $9.57
6/13/23 Marvell Tech (MRVL) with 825 Jan. 2025 $80 puts sold to open ITM down to 22.25, similar flow yesterday
6/12/23 Semis 3x Long ETF (SOXL) buyers of 4000 August $23 calls $3.20 to $3.60
6/12/23 Oil ETF (USO) buyers of 5000 August $60 calls $4.45
6/12/23 Consumer Discretionary ETF (XLY) opening sale of 1000 June 2024 $190 calls at $5.50
6/12/23 Tesla (TSLA) buyer 2000 March 2024 $400 calls $13.79
6/12/23 Tesla (TSLA) with 750 October $240 puts sold to open $25.55
6/12/23 Lululemon (LULU) seeing opening sales of 520 July $340 puts for $5.00 bids
6/12/23 Oracle (ORCL) buyers of 2250 Sept $125 calls for $925K looking to ad to OI
6/12/23 Oracle (ORCL) also 1750 Dec. $135 calls bought $3.60 offer sweep
6/12/23 Oracle (ORCL) 5000 far OTM June $127 calls bought, also 2000 June $115 puts sold to open $4.82
6/12/23 Advanced Micro (AMD) sweep buyers 800 July 14th (W) $131 calls for 8.80
6/12/23 Advanced Micro (AMD) also with 4000 June 30th $135 calls bought $5.55
6/12/23 Advanced Micro (AMD) seeing 5000 Aug $140 ITM puts sell to open $18.35, similar ITM put sales last week
6/12/23 Amazon (AMZN) October $140 calls with 10,000 bought this morning $4.30
6/12/23 Microsoft (MSFT) buyer 1000 March 2024 $395 calls $9.05
6/12/23 Salesforce (CRM) sees 1000 January 2025 $300 calls bought, adjusting the $260 calls from 5/16
6/12/23 Apple (AAPL) July $185 puts active 10,000X with buyers in larger lots at $5.05
6/12/23 Broadcom (AVGO) seeing buyers of 1300 June 23rd $900 calls at $4.50
6/12/23 Uber (UBER) buyers 15,000 July $42.50 calls adjusting June $40
6/12/23 Uber (UBER) also 16,000 July $37.5 puts sold to open in risk reversals
6/9/23 Shopify (SHOP) into the close large buyers of 2000 January 2025 $30 deep ITM calls at $36.20
6/9/23 Apple (AAPL) massive late day opening sellers of over 11,000 June 2024 $180 puts for $13.55
6/9/23 Apple (AAPL) also 5000 Sept $180 puts sold to open for $6.55
6/9/23 Eli Lilly (LLY) buyers of 880 July $460 calls for $9.17, adjusting June calls
6/9/23 Wingstop (WING) seeing an opening sale of 600 July $195 calls at $8.90 down to $7