Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:55 FOCUS LIST: NVDA, MSFT, NOW, UBER, LLY, NVO, VRTX
4) 13:30 Stock Review – Software: IGV (ETF), DDOG, ESTC, CRM, WDAY, CDNS, PANW, CRWD, ZS, QLYS, ADBE
5) 15:40 Stock Review – Biotech: XBI (ETF), ACAD, VKTX, MDGL, IDYA, INBX, IMCR, APLS, ITCI, IMVT, ABOS, AXSM, KRYS, ISRG, RXST
6) 20:50 Stock Review – Semiconductors: SMH (ETF), AVGO, KLAC, LRCX, AMD
7) 21:55 Stock Review – Watch List/General Ideas/Commentary: META, NFLX, DELL, VRT, CLS, FN, WING, CELH, DECK, SHOP, ANET, RKLB
8) 24:45 Conclusion/Summary

Market Summary:
Coming into this past week, I mentioned that I would reduce my exposure if we saw strength. I went from approximately 90% invested down to 50% during this past week. My main reason for doing this is that I’m expecting a normal pullback to the 50-day moving average sometime between January 17-31. I would like to stress two points: 1) This type of active portfolio management is not for everyone. One of the main goals of this product is to encourage members to make their OWN decisions based on timeframe and investment objectives. 2) I am not expecting a crash, just a normal pullback. If we get it, I will look to put money back to work in many of the Focus List names.

In this video, I discuss ways that I’ve been looking to improve, and one of them is doing a better job of selling into strength. I also notice that many of my drawdowns occur the week after regular cycle options expiration (OpEx) and I just wanted to lock in some profits. Many of the names on the Focus List have achieved strong gains since early November and simply need time to digest over the near-term. This digestion would also coincide with the choppy/muted Q1 that we tend to see during Presidential election years. In other words, keep your expectations realistic over the near-term, as the market will likely digest the strong gains of November and December. If you have any questions, you can ask them during the next webinar which will be this Monday, January 15th at 7PM EST. Thank you and enjoy your long weekend!

Unusual Option Activity:
1/12/24 Gold ETF (GLD) seeing buyers of 1750 July $195 calls at $7.50 offers
1/12/24 Uber (UBER) opening sellers 3000 April $62.50 puts $3.85
1/12/24 Uber (UBER) also 3950 June 2025 $65 calls bought $13.10 as Jan 47.5 adjust
1/12/24 Target (TGT) opening seller of 1000 March 1st $128 puts for $1.60, captures earnings 2/28
1/12/24 Marathon Oil (MRO) buyers 4000 March $26 calls $0.49 offers
1/12/24 Marathon Oil (MRO) also with 4500 March $25 calls for $0.74 to $0.78
1/12/24 Occidental (OXY) buyer 1500 September 57.5/62.5 call spreads
1/12/24 Halliburton (HAL) large trade sells to open 1700 January 2026 $28 puts for $3.13
1/12/24 ConocoPhillips (COP) seeing 300 Sept $105 puts sell to open at $6.95
1/12/24 Shift4 Payments (FOUR) buyer 2000 February $85 calls $1.85 as Jan 80 adjust
1/12/24 Citigroup (C) seeing over 30k Feb $55 calls buy for $0.36 to $0.57
1/12/24 Bristol Myers (BMY) 1400 June $47 puts sold to open 1.72
1/12/24 Oscar Health (OSCR) Oct $15/$10 bull risk reversals now up to 3550X as unusual action continues
1/12/24 Autolus Therapeutics (AUTL) unusual 1000 Feb $7.50 calls bought $0.94 to $1.06
1/12/24 Intuitive Surgical (ISRG) large buyer for 2250 Feb $365 calls at $13.39 to $13.55 as the $340 calls adjust higher
1/12/24 Kura Oncology (KURA) large buyer of 5000 Feb $17.50/$25 call spreads buying at $1.72. Follows the bullish flow this week
1/12/24 Jazz Pharma (JAZZ) with 1000 March $120 calls sell to open $6.20 to $6
1/12/24 Synopsys (SNPS) opening sale 650 February $450 puts for $3.25
1/12/24 Veeva Systems (VEEV) 2nd day of unusual strength seeing 1000 Feb $220 OTM calls open 2.10 to 2.20
1/12/24 Arm Holdings (ARM) buyer 1000 August $80 calls $7.65
1/12/24 Arm Holdings (ARM) also 750 July $65 puts sell to open 7.85
1/12/24 Oracle (ORCL) 500 Dec 2025 $100 puts sell to open 11.25
1/12/24 Dynatrace (DT) opening sale of 650 Jan 2025 $52.50 puts at $4.90
1/12/24 Workday (WDAY) seeing buys of March 1st $285 and $290 calls, captures earnings 2/26
1/11/24 Nasdaq 100 ETF (QQQ) with 6600 Feb 23rd $397 puts bought at $3.75 to $3.80, nearly $3M
1/11/24 Nasdaq 100 ETF (QQQ) also seeing 3500 March $390.78 puts sell to open at $4.14 bids.
1/11/24 Regional Banks ETF (KRE) buyers of 8000 Feb $50 puts for $1.26 to $1.60
1/11/24 Oil Services ETF (OIH) with 20,000 April $260 puts opening for $16M as $290 and $275 adjust, long-running position
1/11/24 Spotify (SPOT) large bull trade sells to open 1500 Jan 2025 $155 puts for $11.90 and buys the $220/$250 call spreads for $9.50
1/11/24 DraftKings (DKNG) large opening seller of 13,400 Feb $25 puts at $0.25
1/11/24 Chevron (CVX) buyers of 3400 June $155 calls at $5.52, as the April $160 calls adjust
1/11/24 ConocoPhillips (COP) seeing 1300 Feb 9th $116 calls buy at $1.90 as the $118 calls adjust
1/11/24 Occidental (OXY) opening sale 2000 September $52.50 puts for 2.78 to 2.75
1/11/24 Acadia Pharma (ACAD) large opening sale of 4800 March $27 puts for $1.30
1/11/24 Amgen (AMGN) more bull flow with buyers of 900 Feb $305 calls at $7.40 to $7.70
1/11/24 Pfizer (PFE) 11,520 Feb 9th (W) $26 puts sold to open 0.18
1/11/24 Eli Lilly (LLY) massive buyer of 850 Feb $640 calls at $22.15 to $25.75
1/11/24 Oscar Health (OSCR) unusual 2000 February $10 calls bought up to $1.30
1/11/24 Crispr Therapeutics (CRSP) buyer 550 January 2025 $110 calls $5.50 offer
1/11/24 Cameco (CCJ) with 5000 Feb. 98th (W) $43 puts selling to open 1.01
1/11/24 Nvidia (NVDA) seeing a buyer of 2000 April $540/$570 call spreads for $13.61
1/11/24 Microsoft (MSFT) opening sales of 1600 Feb 23rd $380 puts at $10.15, adjusting $375 puts
1/11/24 Amazon (AMZN) large opening sale 2500 July $130 puts $3.75
1/11/24 Texas Instruments (TXN) large opening seller of 1000 Jan 2025 $130 puts for $4.66
1/11/24 Qualcomm (QCOM) another 10,000 Jan. 2025 $105 puts sell to open 4.70