Q3 statistics in a year with a strong January: https://twitter.com/WayneWhaley1136/status/1680198967181672449
August Statistics: https://twitter.com/WayneWhaley1136/status/1682613673318129665

Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:45 FOCUS LIST: NVDA, MSFT, ORCL, CDNS, ISRG, CELH, LLY, PANW, NOW, TSLA
4) 10:15 Stock Review – Software: IGV (ETF), ADBE, CRM, DT, AI, MDB, SNPS
5) 12:00 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, MRVL, ALGM, ACLS
6) 14:05 Stock Review – Watch List/General Ideas/Commentary: EXTR, KRYS, ABOS, SDGR, ITB (ETF), TDW, WFRD, BKR, UBER, RXST, QTRX, ONON, PDD
7) 18:50 Conclusion/Summary

Market Summary:
Over the past several videos, I discussed to expect seasonal weakness into August and September. The indexes and many stocks were getting extended, sentiment was getting too bullish, and the market was due for a normal pullback. Right now, we are in the process of that pullback, and a likely visit to the 50-day moving average over the next few weeks. I would like to repeat that I don’t think it will be a move straight down, but more of a choppy range where little sustained progress will be made over the near-term. Again, I am not bearish, just waiting patiently for this pullback to play out. As I mentioned the week of July OpEx, I prepared for this by reducing my exposure from approximately 85% invested down to about 50%. As always, your investment levels should be based on your own timeframe and overall investment objectives.

From here, I will be paying attention to the stocks that show great relative strength and also some new ideas that might appear along the way. I will stick to the three principles of: 1) Exposing yourself to strong stocks/ETFs. 2) Getting strong entry points. 3) Managing your trades as best as possible. If you are going to put new money to work, I suggest using lighter positions and waiting patiently until this pullback plays out. Don’t have FOMO if you miss a day or two of a rebound because I’m still expecting volatility over the next several weeks. As always, I will take this day-by-day and continue to update you in these videos, but patience and discipline is key right now in order to protect your capital and confidence for a likely strong fourth quarter. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
8/2/23 Biotech ETF (XBI) buyer 2500 December $78 puts for $3.40
8/2/23 Nasdaq 100 ETF (QQQ) seeing 8000 Sept $341 puts bought into weakness at $1.85 offers
8/2/23 Tesla (TSLA) seeing 7500 August 242.50 puts sell to open today 3.70 to 3.80
8/2/23 Celsius Holdings (CELH) stock replacement buys 300 January 2025 $210 calls 20.72
8/2/23 WingStop (WING) buyer 250 Dec 170 calls for $16
8/2/23 McDonalds (MCD) buyer 250 Jan 2025 $310 calls for $22.40
8/2/23 MercadoLibre (MELI) into earnings with block of 100 Dec $1100 puts sold to open for $95
8/2/23 Uber (UBER) with 1200 June $52.5 calls bought $5.80 offer
8/2/23 Marathon Petroleum (MPC) with 500 June $140 calls selling to open $15
8/2/23 Chevron (CVX) buyer 800 March 175 calls 5.45 offer
8/2/23 Humana (HUM) opening seller of 500 Jan 2025 $620 calls at $19.65
8/2/23 AstraZeneca (AZN) with 3300 Sept 1st $68 puts sell to open $0.63
8/2/23 American Superconductor (AMSC) buyer 1000 September $16 calls $4.70
8/2/23 Micron (MU) opening seller 3500 Sep. 8th (W) $63 puts for 0.72
8/2/23 Google (GOOGL) seller of 2000 June 122.50 puts $8.65 bid
8/2/23 Palo Alto (PANW) buyer 500 March 300 calls for $9.35
8/2/23 Nvidia (NVDA) massive opening sales of 2000 Jan 2025 $600 deep ITM puts for $185, confident long term bull
8/2/23 Unity Software (U) with 700 June 2024 $35 puts sold to open 5.95 to 5.75
8/2/23 Extreme Networks (EXTR) seeing 3000 Dec $25 puts sell to open for $1.05
8/2/23 Extreme Networks (EXTR) also 2400 of the Dec $22.50 puts sold for $0.55
8/2/23 Marvell Tech (MRVL) opening sale 400 February 62.50 puts 7.85
8/1/23 Homebuilders ETF (XHB) with 8000 Dec $65 puts selling to open for $0.55, $440K in put premium
8/1/23 S&P 500 ETF (SPY) buyers of 29,000 Sept $434 puts for $2.33, adjusting the $436 puts down as a likely hedge
8/1/23 Tesla (TSLA) with 6500 Oct $250 puts bought this morning for $11M spread with the $200 puts
8/1/23 Uber (UBER) with 5000 Aug. 11th (W) $48 calls bought
8/1/23 Uber (UBER) large bull spread sells 8500 Oct $37.5 puts to buy 8500 of the $50/$57.5 call spreads
8/1/23 Uber (UBER) also large opening sale 1200 January 2025 $45 puts for $7.24
8/1/23 DraftKings (DKNG) opening sale 750 Jan 2025 $35 puts $9.32 as Sep. $25 adjust
8/1/23 Novo Nordisk (NVO) with 4400 Aug $162.50 calls bought $6.90 offers
8/1/23 DexCom (DXCM) opening sale 2000 Sept $135/$115 strangles $3.90 expecting range-bound action
8/1/23 Amgen (AMGN) buyer of 500 January 2025 $230/$300 call spreads for $22.10, reports 8/3
8/1/23 Viking Therapeutics (VKTX) with 2000 September 17 calls bought 0.55 to 0.60
8/1/23 Boeing (BA) seeing sellers of 1000 January $235 puts at $13.50
8/1/23 Boeing (BA) buyer of 1000 November $220 calls $29.40 to $29.70
8/1/23 Boeing (BA) also buyers 1250 June 2024 $290 far OTM calls $12.40 to $12.50
8/1/23 Google (GOOGL) buyers of 5000 Aug. 11th (W) $132 calls
8/1/23 IonQ (IONQ) size buyers active in August $18 calls 4000X for earnings 8-10
8/1/23 Nvidia (NVDA) bull trade sold 500 March $475 puts to open ITM for $67.15 adjusting Sept
8/1/23 Marvell Tech (MRVL) with 2500 Aug 11th (W) $65 calls bought $2.22 to $2.27
8/1/23 Oracle (ORCL) buyers of 1850 October $120 calls at $5.30 to $5.60
8/1/23 Unity Software (U) seller to open 2000 November $31 puts for 1.26
7/31/23 On Holding (ONON) with 3500 January 25 puts selling to open 1.10
7/31/23 Uber (UBER) buyers of 5000 September $55 calls for $1.25
7/31/23 Uber (UBER) buyers also active in Oct $50 calls 9500X and Dec $47.50 calls 1750X
7/31/23 Schlumberger (SLB) with buyers of 1000 Oct $65 calls at $1.27 offers
7/31/23 Schlumberger (SLB) also 2950 November 52.50 puts sell to open 1.74
7/31/23 JP Morgan (JPM) seeing 5000 January $160 puts sell to open at $8.50 to $8.25
7/31/23 ImmunoGen (IMGN) buyers of 1350 Sept $19 calls bought for $1.20 offer
7/31/23 DexCom (DXCM) buyer 200 Dec. $125 calls for $12
7/31/23 Krystal Bio (KRYS) with 500 December 2024 $120 puts opening today 18.80 to 20.50
7/31/23 Nvidia (NVDA) with 1100 Sep. 8th (W) $475 calls bought $32 to $32.20
7/31/23 Marvell Tech (MRVL) large opening sale 700 June 2024 $65 ITM puts for $9.25
7/31/23 Google (GOOGL) opening seller 1000 Dec. 130 puts for 6.50