Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:10 FOCUS LIST: NVDA, MSFT, ORCL, ADBE, CELH, LLY, NOW, UBER
4) 8:15 Stock Review – Software: IGV (ETF), CRM, CDNS, SNPS, WDAY, APP, QLYS, INTU
5) 9:55 Stock Review – Semiconductors: SMH (ETF), AMAT, AVGO, LRCX, MRVL, ACLS
6) 11:00 Stock Review – Energy: XLE (ETF), XOP (ETF), WFRD, MPC, TDW, BKR
7) 12:10 Stock Review – Watch List/General Ideas/Commentary: CLS, EXTR, VRT, NVO, TSLA, NTRA, ITB (ETF), CPNG, ISRG, QTRX
8) 16:00 Stocks near buyable ranges: KLAC
9) 17:10 Conclusion/Summary

Market Summary:
In recent videos, I discussed being patient until we saw signs of the institutions coming back into the market. We got that this past Tuesday, August 29th when the Nasdaq Composite and S&P 500 both flashed a follow through day (FTD). I emailed members a Market Note on Tuesday and I will review all those points in this upcoming Weekend’s Video. For now, I am pleased to see the FTD got us back through the 50-day moving average. In addition, many of the strong sector ETFs (IGV, SMH, ITB) also regained their respective 50-days. From here, we just don’t want to see any major distribution days. I am ok with normal backing and filling on light volume, while the market gives time for more stocks to setup. Overall, this week has been a step in the right direction and it’s looking like the August pullback was just a normal correction within an overall uptrend.

Of course, we are not out of the woods yet. In other words, I don’t think it will be smooth sailing until we get through the seasonally weak month of September. It wouldn’t surprise me to see a decent first half of September followed by volatility after the September 15th OpEx. I will discuss this further in the Weekend Video. As always, I will take this day-by-day, stay focused on the strongest stocks, and remind you to get those safe entry points. If you have any questions, you can ask them during the next webinar which will be this Monday, September 4th at 7PM EST. Good luck for the remainder of the week and enjoy your long holiday weekend!

Unusual Option Activity:
8/30/23 Industrials ETF (XLI) block of 5000 October $110 calls bought for $1.65
8/30/23 Tesla (TSLA) 3400 Sep. 29th (W) $265 calls bought $9.10 as Sep. 260 adjust
8/30/23 Tesla (TSLA) seeing 1750 June 2025 $260 puts sold to open for $59.30, adjusting some $240 short puts higher
8/30/23 On Holding (ONON) late day buyer 5000 Sep. $30 calls 0.51
8/30/23 Exxon (XOM) with 20,000 October $105 puts sold to open 1.46 to 1.44
8/30/23 Citigroup (C) block of 3000 Oct. $42 puts sell to open 1.68
8/30/23 Eli Lilly (LLY) 400 June 2024 $580 ITM puts sells to open $58.25
8/30/23 Oracle (ORCL) buyer 600 November $120 calls for $7.40
8/30/23 Oracle (ORCL) also 3580 March 95 puts sold to open 2.03
8/30/23 Palo Alto (PANW) large opening seller of 3200 October $230 straddles for $21.84, expecting rangebound action
8/30/23 Amazon (AMZN) large buyer of 10,400 December $170 calls at $1.19, adjusting the Oct $140 calls up and out
8/30/23 Dynatrace (DT) with 775 Jan 2025 $50 calls bought for $9.24, adjusting the Feb $60 calls
8/29/23 Russell 2000 ETF (IWM) with over 20,000 Sept 5th $188 calls bought at $0.92
8/29/23 S&P 500 ETF (SPY) with 13,000 November $424 puts bought for over $6M
8/29/23 S&P 500 ETF (SPY) also buyer of 1500 Sep. 2024 $430/$460 call spreads
8/29/23 Energy ETF (XLE) stock buyer sells 6000 Jan. 97 calls and buys 6000 of the 94/80 put spreads
8/29/23 Dominos Pizza (DPZ) with 250 March $400 puts sold to open 33.33
8/29/23 Chevron (CVX) with 750 ITM June 2025 $145 calls bought $30.80
8/29/23 Novo Nordisk (NVO) buyer 400 November $190 calls $10.50 to $11
8/29/23 BridgeBio (BBIO) with 1025 February $17.50 ITM calls bought $14.30 to $14.40
8/29/23 Boeing (BA) buyer 350 Dec. 2025 $280 calls for 33.60
8/29/23 Caterpillar (CAT) buyers of November $310 calls 4000X
8/29/23 Peabody Energy (BTU) opening sales of 1000 April $20 puts for $1.81
8/29/23 IonQ (IONQ) with 3700 January $22.50 calls bought at $2.25
8/29/23 Marvell Tech (MRVL) seller to open 4500 Oct. 47.50 puts 0.70
8/29/23 Google (GOOGL) seeing buyers of 5000 Sept 29th $143 calls for up to $1.03
8/29/23 Snowflake (SNOW) size bull flow early with 500 March $160 calls bought for $1M
8/29/23 Snowflake (SNOW) also 500 June 2024 $160 calls bought for $1.33M
8/29/23 Nvidia (NVDA) 2600 October $560 calls bought for $7.90 to $9.05 in a few large blocks
8/29/23 Nvidia (NVDA) also seeing 2500 October $485 calls bought at $30 to $34
8/29/23 Nvidia (NVDA) with 1250 Sep. 8th (W) $467.50 calls being bought $13.75+
8/29/23 Micron (MU) with 7500 March $55 puts sell to open at $2.41
8/29/23 Microsoft (MSFT) with 1300 Jan 2025 $395 calls sell to open for $24.90
8/29/23 Dell (DELL) with 900 October 57.50 puts sold to open $3, reports 8-31
8/29/23 Salesforce (CRM) with 1000 Sept $212.50 calls bought for $6.90 to $8
8/29/23 Oracle (ORCL) seeing buyers of 1500 Sept $117 calls for $6.25, adjusting $110 calls
8/28/23 Oil & Gas ETF (XOP) 1500 March 168 calls sold to open 6.85
8/28/23 Tech ETF (XLK) with 2400 June 2024 $150 puts sold to open $5.55
8/28/23 S&P 500 ETF (SPY) seeing 4500 Sept 29th $429 puts sell to open at $3.35
8/28/23 Ulta Beauty (ULTA) seller to open 350 January $370 puts for $12.50 to $12.30
8/28/23 Shopify (SHOP) with 900 June 2025 $35 puts sold to open down to 4.05
8/28/23 Airbnb (ABNB) opening sale 250 April 125 puts 14.40
8/28/23 Devon Energy (DVN) with 600 April 60 puts selling to open 11.40 to 11
8/28/23 Marathon Petro (MPC) buyers of 2000 Sept $145 calls for $2.35
8/28/23 Blackstone (BX) with 2000 Sep. 8th (W) $103 calls bought $1.27 offer
8/28/23 Eli Lilly (LLY) opening sale 150 Jan. 2025 $500 puts $38.70
8/28/23 Amylyx Pharma (AMLX) with 2000 Nov $20 puts sell to open at $1.35
8/28/23 United Health (UNH) opening sale 400 October $500 puts for $19.70
8/28/23 Pulte Group (PHM) opening seller 1950 January 85 calls 3.70
8/28/23 Amazon (AMZN) with 2500 Sep. 22nd (W) $131 ITM calls opening $4.80 to $5.15
8/28/23 Google (GOOGL) large opening sellers for 1700 June $150 deep ITM puts at $22.75 down to $22.35
8/28/23 Meta (META) with 1650 September 287.50 ITM calls bought $9.45 to $10.05