Statistics on Q4 strength: https://twitter.com/WayneWhaley1136/status/1723362006244221423

Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 11:40 FOCUS LIST: NVDA, MSFT, ADBE, NOW, LLY, NVO, VRTX, UBER, DELL
4) 16:00 Stock Review – Software: IGV (ETF), SNPS, CDNS, PANW, CRWD, QLYS, ZS, VERX, ORCL, CRM
5) 18:50 Stock Review – Semiconductors: SMH (ETF), AVGO, KLAC, LRCX, AMD, ONTO
6) 20:15 Stock Review – Watch List/General Ideas/Commentary: META, VRT, CLS, FN, JBL, CAMT, ANET, WING, DECK, LULU, PCAR, WFRD, SPOT, PDD, DKNG, SMCI, AVAV, CELH
7) 25:25 Conclusion/Summary

Market Summary:
To the members who took advantage of this recent strength in the markets, I applaud you. Continue to stay focused, stay disciplined, and congratulate yourself for making progress. For the members who are frustrated that they missed part (or most) of this recent rally, I addressed ways to make improvements for about eight minutes in last weekend’s video. In this video, I tried to summarize it into three points: 1) Don’t beat yourself up. Protect your confidence and make sure your self-talk is strong. We are in this for the long run, and there are times the market will catch us off-guard. 2) Don’t fight the Fed. The main reason I got back in quickly was the Fed. I give some historical examples of how a change in Fed policy (interest rates or an accommodative stance) can lead to a follow through day. 3) You have to be able to make decisions. If you struggle with this, work on making them with smaller positions, and continue to build your confidence.

Regarding the current market, the strength continued today after a weaker than expected inflation (CPI) report. The market is adjusting for a lower-rate environment going forward. You could really see it today in the Russell 2000 (a “risk-on” index), which was up over 5%. From here, I would expect some sideways consolidation. Please stay focused on the best stocks and be patient for better entries. I realize the market is very strong, but for new purchases, I prefer members show discipline and at least wait for a pullback to the 10-day moving average. As always, stick to your plan and know your timeframe. If you have any questions, you can ask them during the next webinar which will be this Saturday, November 18th at 11AM EST. Thank you and good luck for the rest of the week.

Unusual Option Activity:
11/14/23 Russell 2000 ETF (IWM) seeing a lot of buying in Feb calls with 3500 of the $177 and 5300 of the $182
11/14/23 Russell 2000 ETF (IWM) also 3000 Dec. 2025 $195 calls bought 17.39 offer
11/14/23 Regional Banks ETF (KRE) seeing 10,000 March $45 calls bought $2.95 to open
11/14/23 Ultra Nasdaq 100 ETF (TQQQ) seeing 3500 Jan $49 calls sell to open at $1.26 to $1.30
11/14/23 Oil & Gas 2x Bull ETF (GUSH) rare trade in the ETF buys 1000 June $35 calls at $5.90 offers
11/14/23 Target (TGT) with 1550 January $110 cells being bought up to $7.55
11/14/23 Target (TGT) with 700 January 2025 $90 puts sold to open 6.20
11/14/23 Tesla (TSLA) 3000 February $160 puts sell to open $2.34
11/14/23 Applovin (APP) buyer of 925 February $42.50 calls $5.70
11/14/23 DraftKings (DKNG) with opening sellers 2880 May $26 puts and 3750 May $25 puts
11/14/23 Uber (UBER) seeing IV surge with buyers hot for Dec $57.50 OTM calls 12,000X
11/14/23 Uber (UBER) buyer into close for 4000 Dec 8th $54 calls at $2.05
11/14/23 Lyft (LYFT) size buys this afternoon of 8,425 February $10 puts at $0.96 offer
11/14/23 Goldman Sachs (GS) with 4000 January $340 calls sold to open down to 13.50
11/14/23 Intuitive Surgical (ISRG) with 350 Jan $285 puts selling to open $10.90
11/14/23 Amazon (AMZN) large buy 2500 September 2025 $160/$210 call spreads for $15.80
11/14/23 Palantir (PLTR) with 1000 June $19 short puts opening $2.90
11/14/23 Microsoft (MSFT) seeing 1000 Dec 29th $360 puts sell to open at $5.10
11/14/23 Microsoft (MSFT) seeing a buyer of 1030 April $245 deep ITM calls at $131.65, adjusting the Jan $240 ITM calls
11/14/23 Microsoft (MSFT) block of 3250 January $360 puts sold 7.55 bid
11/14/23 Microsoft (MSFT) also with 1000 Sept 2024 $435 calls bought up to $14.60
11/14/23 Apple (AAPL) large trade sells to open 10,000 December 29th $175 puts at $1.00
11/14/23 Z-Scaler (ZS) seeing 2800 February $185 puts selling to open $16.15 down to $15.75
11/14/23 Adobe (ADBE) large opening seller of 340 June 2025 $620 calls at $117.20 down to $116.65
11/14/23 Micron (MU) with 12,000 Dec. $80 calls bought $1.70 as the $75 calls book some profits
11/14/23 Nvidia (NVDA) seeing 1800 Jan $620 calls buy at $6.15, adjusting the $540 calls bought last month
11/14/23 DataDog (DDOG) opening sale 300 Dec. 2024 $120 puts 24.95
11/14/23 Snowflake (SNOW) with 750 March 130 puts sold to open 5.20
11/13/23 Nasdaq 100 ETF (QQQ) with 1000 March $373 puts sold to open 12.60
11/13/23 Nasdaq 100 ETF (QQQ) opening sale 12,000 Dec. 29th (Q) $363 puts for 3.96
11/13/23 Nasdaq 100 ETF (QQQ) opening seller 1400 Dec. 1 (W) $382 puts for $7.50
11/13/23 Biotech ETF (XBI) with 1000 Jan 2026 $81 ITM puts sell to open at $17.85
11/13/23 Biotech ETF (XBI) also with 5800 Dec $68 calls being bought at $1.39
11/13/23 Tesla (TSLA) buyer 600 June $315 calls $10.95 offer
11/13/23 Tesla (TSLA) also buyers of 1150 June $335 calls $8.35 offer
11/13/23 Target (TGT) opening sale 750 September $85 puts for 4.65
11/13/23 Pinduoduo (PDD) with 1000 Dec. 1st (W) $102 puts sold to open 3.50
11/13/23 Chevron (CVX) OTM April $165 calls are bought 1500X at $1.97 offer
11/13/23 Schlumberger (SLB) buyer 1000 June $55 calls for $5.55 as January adjust
11/13/23 Nvidia (NVDA) buyer 1050 February $485/$530 call spreads
11/13/23 Meta (META) buyer 3000 Sept 2024 $450 calls $14.39 as the $355 calls take some profits
11/13/23 Advanced Micro (AMD) buyer 1600 Dec 29th (W) $125/$135 call spreads
11/13/23 Amazon (AMZN) seeing over 8000 Dec 29th $150 calls buy at $2.69 to $2.73