Some statistics on Q4: https://twitter.com/WayneWhaley1136/status/1708701639836573772

Sign up here for my FREE talk this Saturday, Oct 7th at 11:30AM EST: https://zoom.us/webinar/register/5816954087167/WN_4phTMc8zQDiI9o9fGAOwTw#/registration

Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:40 FOCUS LIST: NVDA, MSFT, ADBE, CELH, LLY, NOW, UBER
4) 11:55 Stock Review – Software: IGV (ETF), ORCL, CRM, CDNS, SNPS, APP, QLYS, AYX, ESTC, VERX, DUOL, WDAY
5) 15:55 Stock Review – Energy: XLE (ETF), XOP (ETF), OIH (ETF), SLB, HAL, TDW, VLO, MPC
6) 17:05 Stock Review – Watch List/General Ideas/Commentary: SMH (ETF), ONTO, MTSI, MBLY, CLS, FN, CAMT, DELL, VRT, QTRX
7) 21:25 Conclusion/Summary

Market Summary:
In this video, I review the price action of the past several months. We had a strong power trend for approximately three months (May, June, July) followed by a consolidation during the seasonally weak months of August and September. Even during this recent pullback, I presented to members key inflection points for those who like to be tactical with their investment levels. For example, I discussed taking profits around July 18, putting some money back to work around August 17/18 when the volume dried up, and most recently preparing members for the decline during the last two weeks of September.

Please keep in mind that this type of trading is not for everyone. I discuss it to help members who like to vary their investment levels, but also to help prepare ALL members for the potential moves in the market. Remember, not everyone trades like you and members have all different timeframes. Also, not EVERYTHING I do will be CANSLIM related. Most of my strategy has a similar growth blueprint, but I also like to add my own experience such as seasonality, unusual options activity, sentiment, and other factors. Bottom line, I respect that members have different styles, and I will continue to do my best to present strategies for members with these different styles and timeframes.

From here, I am still expecting a strong fourth quarter, however, we need to be patient until the market proves itself. I would like to see more upside volume consistently coming in from the big institutions. I would also like to see a follow through day or two, and more stocks forming strong bases to give us safer entry points. Again, please be patient and keep your positions light until the market shows improving signs of health. I will continue to monitor the price action and pass along strong relative strength ideas as soon as they present themselves. Thank you and good luck this week.

Unusual Option Activity:
9/29/23 Nasdaq 100 ETF (QQQ) opening sale 7000 March $335 puts for $9.29
9/29/23 S&P 500 (SPX) Dec 29th (W) $4500 calls sold to buy the $4050/$3410 put spreads, adjusting Sep. 29th (Q)
9/29/23 Tesla (TSLA) buyer of 1000 November 3rd (W) $265 calls $11.40
9/29/23 Disney (DIS) March $90 puts being sold 1000X 10.85 bids
9/29/23 Las Vegas Sands (LVS) opening sale 2400 January $42 puts for 1.81
9/29/23 Halliburton (HAL) with 3000 October $39.5 puts sold to open 0.80
9/29/23 Berkshire Hathaway (BRK.B) seeing 1000 January 2025 $350 puts sell to open for 18.90
9/29/23 Morgan Stanley (MS) opening sale 500 February $80 puts for $4.35
9/29/23 Ventyx Bio (VTYX) spread sells 350 November $30 puts to buy $35/$40 call spreads
9/29/23 Akero Therapeutics (AKRO) with 2000 Oct $80 calls bought $5
9/29/23 89 Bio (ETNB) with 2000 Oct. $15 calls opening $3.40 to $3.70
9/29/23 Illumina (ILMN) opening sale 1930 November 115 puts for 2.15
9/29/23 Eli Lilly (LLY) seeing late day buyer of 2000 Oct. $555/$600 call spreads
9/29/23 UPS (UPS) buyers in Nov $165 calls 1800X after late day bull flow in the name yesterday
9/29/23 Caterpillar (CAT) 2482 October $282.5 calls sold to open for 3.10
9/29/23 Celestica (CLS) spreads selling 1750 June $32.5/$20 strangles while buying 2000 March $27.5 calls
9/29/23 Apple (AAPL) 1295 Oct. 27th (W) $165 ITM calls bought 9.65 offers
9/29/23 Dell (DELL) 14,000 Oct 71.50 calls are bought near 1.20 into next week’s Investor Day
9/29/23 Dropbox (DBX) opening sales 4500 April 21 puts for 0.40
9/29/23 Microsoft (MSFT) 2850 Nov 3rd (W) $335 calls sold to open $4.50 as a likely cap for shares with earnings late Oct.
9/29/23 Palo Alto (PANW) with 175 Jan. 2026 $260 calls bought for $975K
9/29/23 Innodata (INOD) with 1000 February 10 calls bought up to $2
9/29/23 Cisco (CSCO) opening sale 2475 December $50 puts 0.73
9/29/23 Meta (META) buyer 1375 Jan. 2025 $420 calls $25.35 offer
9/29/23 Google (GOOG) opening sale 700 January 2025 $145 puts at $20.35 ITM
9/29/23 Baidu (BIDU) opening sale 500 January 2025 $125 puts for $16.30 a notable bull trade
9/28/23 Nasdaq 100 ETF (QQQ) buyers of 4000 Oct $354 calls for $8.78 offers
9/28/23 Treasury ETF (TLT) buyer 9050 Dec $93 calls $1.48 adjusting $97 calls
9/28/23 Nike (NKE) into earnings selling to open 2400 June $90 puts for $8.20
9/28/23 Target (TGT) opening sale 500 June 2025 $95 puts for $11
9/28/23 Shopify (SHOP) buyer 2000 November $55 calls $2.82 and sells the January $70 calls 1.10
9/28/23 Hess (HES) opening sale 600 Oct $155 puts for $3.40
9/28/23 Chevron (CVX) opening sale 2000 November $170 puts for $5.06
9/28/23 Tidewater (TDW) buyer 1500 October $75 calls $2 to $2.05
9/28/23 JP Morgan (JPM) opening sales 10,000 January 165 calls 1.68
9/28/23 Blackstone (BX) with 1000 November $110 calls bought $4.10
9/28/23 Citigroup (C) with large buys of 3000 January $30 deep ITM calls $11.20 to $11.50
9/28/23 Wells Fargo (WFC) large opening sale 1700 April $42.50 ITM puts at $3.95 bid
9/28/23 UPS (UPS) odd trade bought stock and sold 5000 June $180/$175 strangles for $29, leans quite bullish
9/28/23 Akero Therapeutics (AKRO) buyer 2000 Oct $70 calls $4.80 adjusting the November calls
9/28/23 89 Bio (ETNB) buyer 2000 Oct. 17.5/30 call spreads for 2.75
9/28/23 Lennar (LEN) spreads 1000X selling Oct 108 puts to buy the 118/125 call spreads
9/28/23 Advanced Micro (AMD) 1215 Oct 27th (W) $102/$112 call spreads are bought for $3.46, captures earnings
9/28/23 Google (GOOGL) trade sells 5000 June $110 puts $4.10 and buys 5000 of the $170 calls $3.75
9/28/23 Elastic (ESTC) opening sales 2600 March $115 calls $1.61
9/28/23 Celestica (CLS) 2000 Dec $25 calls are bought $1.95 offer this afternoon
9/28/23 Microsoft (MSFT) seeing 2000 January 2025 $385 calls sell to open $20.05 to $20
8/28/23 Mobileye (MBLY) opening sale 500 February $35 puts $4.30
8/18/23 Mobileye (MBLY) with 7500 Oct $30 puts sold to open at $0.60 and $0.55, adjusts Aug $35 short puts
8/17/23 Mobileye (MBLY) with 1000 April $35 puts selling to open for $4.40
8/15/23 Mobileye (MBLY) with 7000 November $30 puts selling to open 0.85 to 0.80