Seasonal statistics on late June/early July: https://twitter.com/ukarlewitz/status/1670119283391893504

Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:50 UPDATED FOCUS LIST: NVDA, MSFT, ORCL, CDNS, ISRG, CELH, LLY, PANW, NOW
4) 11:30 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, ASML, MRVL, AMD, ACLS, AEHR, ALGM
5) 14:00 Stock Review – Software: IGV (ETF), CRM, AI, DT, FTNT
6) 15:10 Stock Review – Biotech: XBI (ETF), AXSM, VKTX, TERN, ETNB, KRYS, PRTA, KOD, RVNC, VRNA, ABOS
7) 17:55 Stock Review – Watch List/General Ideas/Commentary: TSLA, SWAV, DXCM, LNTH, RXST, QTRX, SDGR, DECK, ONON, WING, CMG, SHAK, SHOP, ITB (ETF), DHI, LEN, PHM, KBH, TOL
8) 22:50 Conclusion/Summary

Market Summary:
Coming into this past week, I mentioned to expect a pullback. I outlined the reasons in recent videos and the main ones were that the indexes were technically extended, and the seasonal weakness during the week after June OpEx. How you prepare for these potential pullbacks depends on your timeframe and overall investment plan. For example, I like certain stocks into year-end, so I just deal with the volatility and I’m ok with normal pullbacks. If you are shorter-term and tactical, I mentioned that you could take profits into strength in order to have some cash available for these inevitable pullbacks. Either way, it’s important to get strong entry points and be ok with volatility during these normal pullbacks. In other words, I am reminding members to take a step back, use weekly charts, and stay mentally tough.

The week saw the small cap and mid cap indexes (IWM and MDY) decline more than the larger cap indexes (SPY and QQQ). This is another reminder to stay focused on the quality names and the Mega Cap stocks that are showing great relative strength. Heading into this upcoming week, I wouldn’t be surprised to see some weakness early in the week. If we get a continued pullback to the 21-day EMA on the major indexes, I think it will be a buyable one, as the first three weeks of July tend to be seasonally strong (please see the link above for the seasonal statistics). Of course I will take this day-by-day, but I am just trying to prepare members for what we can expect over the near-term. These statistics are secondary and supplemental data to go with the primary factors that the major indexes are strong, and many of the leaders continue to act well. If you have any questions, you can ask them during the next webinar which will be this Monday, June 26th at 7PM EST. Thank you and enjoy the remainder of your weekend.

Unusual Option Activity:
6/23/23 S&P 500 ETF (SPY) buyer of 39,000 August $412 puts at $2.91, adjusting the $415 puts and likely a hedge
6/23/23 Russell 2000 ETF (IWM) buyer of 50,000 August $172 puts at $2.15, adjusting $175 puts and likely a hedge
6/23/23 Treasury ETF (TLT) large buyers of 14,000 August $104 calls for $2.34 offers
6/23/23 Target (TGT) with 1600 July $128/$120 put spreads bought $1.60
6/23/23 First Solar (FSLR) with 3000 February 2024 $170 puts selling to open $16.10
6/23/23 Chevron (CVX) opening sale 1000 January 2025 $125 puts for $8
6/23/23 Conoco (COP) with 4000 January $75 calls adjusting to June 2024 $80 calls
6/23/23 Occidental (OXY) seeing buyers of 2500 July $57.50 calls at $1.00
6/23/23 Exxon (XOM) late day opening sale for 1000 December 2025 $100 puts at $13.85
6/23/23 Goldman Sachs (GS) opening sale 200 November $320 puts for $19
6/23/23 Bristol Myers (BMY) with 1100 December $70 calls bought $1.48
6/23/23 Inmode (INMD) with 450 January 2025 $47.50 calls bought at $5.10 offers
6/23/23 Apellis Pharma (APLS) with 1500 July $90 calls bought for $2.45, also 500 of the $95 calls bought for $1.85
6/23/23 Boeing (BA) with 1100 Aug 4th $185 puts sold to open $2.23
6/23/23 Amazon (AMZN) buyers of 6500 July 28th $130 calls at $6.30, adjusting July 21st $125 calls to capture earnings on 7/27
6/23/23 Microsoft (MSFT) seeing 5000 July 14th $330 calls bought for $11.55
6/23/23 Microsoft (MSFT) also 1850 July 14th (W) $335 calls bought 7.95 offer
6/23/23 Apple (AAPL) large opening sales of 10,000 October $175 puts at $4.30 bids
6/23/23 Nvidia (NVDA) seeing some buyers of 2000 August $400 puts for $15.95, adjusting July puts
6/23/23 Nvidia (NVDA) seeing a large buyer here for 10,000 next weeks June 30th $450 calls at $2.00
6/23/23 Nvidia (NVDA) also seeing 1800 Sept $640 calls sold to open $3.05
6/23/23 Zoom (ZM) buyer 2750 July 74 calls 0.91
6/23/23 Meta (META) 1400 July 14th (W) $275 calls bought $12.35 offer
6/23/23 Meta (META) also seeing buyers of 760 July $297.50 calls for $6.95 offers
6/23/23 Meta (META) into the close a buyer of 2250 July 14th $275 ITM calls at $18
6/22/23 Russell 2000 ETF (IWM) midday buyer of 5750 December 29th (Q) $200 calls for $4.50, over $2.5M
6/22/23 Semiconductor ETF (SMH) with a large buyer for 6300 Nov $199 calls at $0.64 offer sweeps, low delta calls
6/22/23 Tesla (TSLA) seeing some significant calls closing out today with 10,000 Dec. $325 and 8500 Mar. 2024 $375
6/22/23 Tesla (TSLA) with 8500 March 2024 $425 calls bought today $14.15 likely rolling up those $375 calls
6/22/23 Monster Beverage (MNST) 1000 January $70 calls are bought for $1
6/22/23 Occidental (OXY) buyer 700 January 2025 $55 calls ITM for 11.65
6/22/23 Occidental (OXY) also with 2000 June 2025 $52.50 puts sold to open for $7.00 bids
6/22/23 Conoco (COP) buyer 2650 July $108 calls for $0.83
6/22/23 Amgen (AMGN) with 15,000 August $245 calls sold to open $1.38 as overwriting large caps popular all week
6/22/23 Stryker (SYK) with 1000 September 280 puts selling to open $5 to $4.50
6/22/23 ImmunoGen (IMGN) with large aggressive buyers of 2500 July $20 calls for $1.35 to $1.60 offer sweeps
6/22/23 Eli Lilly (LLY) with 1250 January $550 calls sold to open today 8.50
6/22/23 Eli Lilly (LLY) also a buyer 400 October $470 calls $22.60 offer
6/22/23 Arcus Biosciences (RCUS) with 1000 August $20 calls bought at $1.65 to $1.90 in aggressive offer sweeps
6/22/23 Honeywell (HON) with 800 June 2024 $210 calls sold to open 14.30
6/22/23 DR Horton (DHI) 2000 July 108 puts sell to open 0.83
6/22/23 Amazon (AMZN) over 4500 July 13th (W) $130 calls bought, captures Prime Day July 11/12
6/22/23 Amazon (AMZN) also opening buys in July $128 calls 2000X for $950K and July $130 calls 10,000X
6/22/23 Nvidia (NVDA) buyer 1000 August $530 calls $5.40 offer
6/22/23 ON Semi (ON) buyers 2500 next week 90/96 call spreads
6/22/23 Palo Alto (PANW) seeing large lots buy over 1800 August $250 calls for $8.65 to $11
6/22/23 Palo Alto (PANW) also seeing buyers of 1000 July 7th $247.50 calls at $5.50
6/22/23 Advanced Micro (AMD) block 1500 Oct. 100 puts sold at $5.30 bid
6/22/23 Dynatrace (DT) seeing 3000 August $55 calls bought $1.65