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

Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:45 FOCUS LIST: NVDA, MSFT, ADBE, LLY, NOW, UBER, META, NVO
4) 9:25 Stock Review – Software: IGV (ETF), CRM, CDNS, SNPS, APP, QLYS, PANW, CRWD, ZS, AYX, ESTC, VERX, INTU, GWRE, MANH
5) 12:35 Stock Review – Semiconductors: SMH (ETF), ONTO, MTSI, AVGO, ACMR
6) 14:20 Stock Review – Watch List/General Ideas/Commentary: CAMT, CLS, FN, VRT, DELL, ANET, GOOGL, AXON, TSLA, XLE (ETF), OIH (ETF), SLB, HAL, CELH
7) 18:30 Conclusion/Summary

Market Summary:
At the beginning of this video, I said Wednesday, October 17th (I obviously meant Tuesday). I review the checklist of what I would still like to see in the market. If we get better confirmation, that should increase the probabilities of a sustained uptrend into the year-end. On Monday, we saw an accumulation day on the Nasdaq Composite. Today (Tuesday) was a strong recovery day. I don’t consider it a distribution day because we recovered off the lows on strong volume and finished at the upper end of the range. The most important thing I’ve observed over the past two days is the improving price action of stocks, specifically software stocks.

From here, still be patient until the market proves itself better. Don’t have FOMO! If we get more accumulation, if the major indexes regain their 50-days, and if the improving price action broadens out to more sectors, then there will be PLENTY of time to make money into year-end. Again remain PATIENT! If you are making any new buys, I still suggest lighter positions until conditions improve. As always, know your timeframe and stick to your overall plan. Just a reminder that this weekend’s video will be posted on Sunday, October 22nd by 6PM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
10/17/23 Short Treasury ETF (TBT) seeing 10k Dec $46 calls sell to open at $1.76 to $1.74, implies a floor for bonds
10/17/23 Treasury ETF (TLT) with 3000 Sept 2024 $98/$79 bullish risk reversals open for $0.63 credits
10/17/23 Small Cap Bull 3X ETF (TNA) unusual trades seeing over 10k of the Nov $27 calls bought at $2.22 to $2.43
10/17/23 Vita Coco (COCO) unusual 3000 Oct. $25 calls bought $0.50 to $0.58
10/17/23 McDonalds (MCD) opening seller 1600 December $240 puts 3.95 bids
10/17/23 Tesla (TSLA) with 2000 March $215 puts sold to open $13.29
10/17/23 Uber (UBER) seeing 1500 Nov 10th $45 puts sell to open $2.57, adjusting Oct short puts
10/17/23 Diamondback Energy (FANG) opening sale 2500 Nov $155 puts 1.73
10/17/23 Acadia Pharma (ACAD) opening sale 600 January $23 puts for 2.10
10/17/23 Caterpillar (CAT) size buys coming in for 1425 May $290 calls up to $18.60
10/17/23 Caterpillar (CAT) also buyers of 1000 May $260 ITM calls for $34.50 to $35.30
10/17/23 Microsoft (MSFT) trading 5000 Nov 3rd (W) $330 calls early with ITM buyers $9.75 to $10.30
10/17/23 Microsoft (MSFT) seeing 400 Sept 2024 $320/345 call spreads buy at $12.95
10/17/23 Microsoft (MSFT) also with a block of 5000 Nov $330 puts sell to open $10.15 as the Oct $325 short puts adjust out
10/17/23 Adobe (ADBE) with 300 March $540 calls sold to open 55.80 to 55.30
10/17/23 ACM Research (ACMR) unusual 1320 Nov 22.50 calls bought 0.70 and quickly up to $1
10/17/23 Celestica (CLS) buyers 1500 November $27.5 calls up to $2.30
10/17/23 DataDog (DDOG) with 750 Sept 2024 $115/$95 bull risk reversals opening at a credit of $6.40
10/17/23 Cadence Design (CDNS) with 1000 November $260 calls sold to open 6.30
10/16/23 Treasury ETF (TLT) buyer of 3000 Dec $86 calls for $3.10, adjusting $88 calls
10/16/23 Homebuilders ETF (ITB) with 1675 Dec $75 calls selling to open at $4.45
10/16/23 Monster Beverage (MNST) buyer 1500 Nov. $52.50 calls $0.57
10/16/23 Mondelez (MDLZ) opening seller of 1400 Dec $65 calls at $1.40 to $1.55, adjusting $72.50 short calls
10/16/23 Tesla (TSLA) large trade opens 2000 Sept 2024 $380/$235 bull risk reversals for a credit of $15.75
10/16/23 Elf Beauty (ELF) buyer 500 Nov. 10th (W) $103 calls $7.40 offer for 11-1 earnings
10/16/23 Netflix (NFLX) buyer 1000 Nov. 3rd (W) $365/$415 call spreads for $12.05 into earnings
10/16/23 Shopify (SHOP) buyers 1275 February $65 calls $2.94 to $3
10/16/23 Booking Holdings (BKNG) buyer 1200 Dec $2500 calls $519.69 rolling Oct $2300 calls, bull that has rolled many times
10/16/23 Chevron (CVX) opening sale 10K Dec $180 calls $1.38
10/16/23 Hess (HES) with 1250 Jan $170/$185 call spreads bought for $4.60
10/16/23 Amgen (AMGN) with 1500 Nov $290 calls sell to open $6.85
10/16/23 Amazon (AMZN) Nov 3rd (W) $135 calls up to 4500X bought spreading vs. $143 calls
10/16/23 Microsoft (MSFT) with 4200 Dec 1 (W) $360 calls sold to open 3.30 to 3.25
10/16/23 Nvidia (NVDA) buyers of 1200 Nov. 10th (W) $500 calls $5.65 to $5.85 offers
10/16/23 Nvidia (NVDA) also 1000 Oct. 27th (W) $457.50 calls with buyers up to $13.05
10/16/23 Nvidia (NVDA) with 1300 Nov 3rd $480 calls sold to open $6.91, looks to be adjusting $525 short calls
10/16/23 CrowdStrike (CRWD) with 1300 April $125 puts sold to open 2.95
10/16/23 Super Micro (SMCI) with 480 March $420 calls sold to open 17.60
10/16/23 Uber (UBER) buyer 300 January 2026 $42.5 calls $14.35
10/16/23 Uber (UBER) with 19,000 January $52.50 calls bought at $1.19 to $1.20, also seems to be buying 19k of the Jan $42.50/37.50 put spreads,
bullish trade but hedging downside similar to a lot of names today