Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:40 FOCUS LIST: NVDA, MSFT, NOW, UBER, LLY, NVO, WING, PANW, CRWD
4) 11:50 Stock Review – Software: IGV (ETF), CDNS, ADBE, CRM, WDAY, ESTC, ZS
5) 14:05 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, AMD, MRVL, ARM
6) 15:55 Stock Review – Biotech/Medical Products: XBI (ETF), ACAD, MGNX, VKTX, MRUS, AXSM, ISRG, RXST, PRCT
7) 19:00 Stock Review – Watch List/General Ideas/Commentary: SNAP, META, NFLX, VRTX, SMCI, VRT, CLS, FN, PSTG, NTAP
8) 23:05 Conclusion/Summary

Market Summary:
Here are the concepts I’ve discussed in many recent videos: 1) I am bullish over the next 6-12 months because of all the technical strength we saw from November through January. Why did the institutions aggressively get back into the market during that time? My guess is the new bull market powered by AI, the anticipation of the Fed lowering rates this year, and/or something bigger that we won’t comprehend until later. My point is “who cares” just focus on the technical strength and stop worrying about the “why?” 2) Does that mean we will go straight up with no pullbacks? Of course not! That’s why I’ve also discussed the theme of “using the 21-day EMA as your guide.” 3) Stay focused on the best growth stocks/ETFs out there. 4) Get strong entry points and manage your trades based on your timeframe and overall investment plan. If you don’t have a plan, please continue to finetune it and work on one that fits your situation. 5) Manage risk and stick to your stops. Just because it’s a bull market doesn’t mean everything is going to work out.

The theme of this video is “Get Strong Entry Points.” The reason I stress this theme many times throughout the video is the Nasdaq Composite is currently 3.6% extended from its 21-day. When it gets to around 3-4% extended is when you run into a higher probability of a pullback. Of course, it can correct through price or time, but the main point is to stay disciplined and don’t chase positions when the market is extended. The way I’ve been handling my positions is: 1) Taking full profits on some and accepting you’ll never get the high. 2) Taking partial profits. 3) Sticking with some names I like longer term. How you should handle things depends on your timeframe and overall plan. Just a reminder, the next MidWeek video will be posted a day earlier this week on Tuesday, February 13th by 8PM EST. Thank you and enjoy your weekend.

Unusual Option Activity:
2/9/24 Regional Banks ETF (KRE) buyers 5400 March $47 calls for $1M
2/9/24 Anheuser (BUD) buyer 300 September 62.50 calls 5.90
2/9/24 Pepsi (PEP) sees 2000 Sept $175 calls buy $6.25 to open as April 170 adjust
2/9/24 Pepsi (PEP) also 10,000 April 160 puts sell to open 1.52
2/9/24 Shopify (SHOP) seeing size buys 1500 May $95 calls today up to $8.95 offers
2/9/24 Citigroup (C) 13,000 Feb. 23rd (W) $55 calls sold to open $0.69 while 6500 of the $53 are bought
2/9/24 JP Morgan (JPM) buyer of 1000 May $165 ITM calls at $14.10, adjusts Feb $160
2/9/24 JP Morgan (JPM) also with 2k May $165 puts sell to open $3 as some Febs adjust
2/9/24 Viking Therapeutics (VKTX) seeing 2300 March $40 calls buying at $3.60
2/9/24 Microsoft (MSFT) seeing 2100 March 28th $415 puts sell to open $9.50
2/9/24 Microsoft (MSFT) large trade buys 4500 Dec 2026 $345 ITM calls at $131.08, adjusting the Dec 2025 calls, nearly $60M
2/9/24 Nvidia (NVDA) seeing buyers of 1300 March 8th $800 calls at $15.70 to $16.30 for over $2M
2/9/24 Nvidia (NVDA) with size sellers 2000 of the $705 puts 15.70 to 15.55
2/9/24 Taiwan Semi (TSM) with 2500 June $130 puts sell to open $7.95
2/9/24 Arm Holdings (ARM) seeing buyers in way OTM March $150 calls 1880X $3.95 offers
2/9/24 Arm Holdings (ARM) buyer 600 March 28th (W) $105 calls 15.50
2/9/24 Arm Holdings (ARM) seeing 1700 Jan 2026 $115 calls buying at $45 to $46, over $7M
2/9/24 Broadcom (AVGO) 1000 March 1st (W) $1200 puts sold to open 10.80 to 10.71
2/9/24 Snowflake (SNOW) buyers of 500 June $280 calls at $13.15
2/9/24 Meta (META) seeing 4000 March 28th $460 puts sell to open for $12.40,
2/9/24 Apple (AAPL) large trade buys 8000 Dec $150 deep ITM calls at $47.95 to $48.25, over $38M
2/9/24 Micron (MU) seeing large buyers into the close over 13,000 May $100 calls at $2.17
2/8/24 Nasdaq 100 ETF (QQQ) with 5000 June $410 puts sell to open at $8.22
2/8/24 Costco (COST) buyer 1000 September $945 calls $3.10, continues to see upside positioning
2/8/24 Elf Beauty (ELF) sees 800 August $115 puts sell to open $4.30
2/8/24 Home Depot (HD) with 5000 April $330 puts sold to open $3.19
2/8/24 Uber (UBER) opening sale 1000 June 2025 $72.50 puts for 10.80 adjusting Jan. $65 short puts
2/8/24 Disney (DIS) June $125/$115 bull risk reversals traded 1000X for a credit of $4.05
2/8/24 Wynn Resorts (WYNN) massive buy 29,500 June $90 calls $20.95 as the March $70 adjust out and up
2/8/24 Exxon (XOM) large buy of 10,000 March 1st $105 calls at $1.21 as the Feb calls adjust
2/8/24 American Express (AXP) opening sale of 1100 Sept $230 calls at $9.55 down to $9.20
2/8/24 Viking Therapeutics (VKTX) with 2000 April $28 calls buying to open $8.60 to $9.40
2/8/24 Pfizer (PFE) opening sale 1000 July 28 puts ITM 1.95
2/8/24 Vertiv (VRT) seeing 2200 March $67.50 calls bought to open and 1000 June $75 calls sold
2/8/24 Pulte (PHM) buyer 1000 March 22nd (W) 105/110 call spreads
2/8/24 Honeywell (HON) with 1000 March $185 puts sell to open $1.20
2/8/24 Boeing (BA) opening buy 1000 March 1st (W) $210 calls $6.65
2/8/24 Meta (META) with 2000 June 2026 $500 puts selling to open near 94.50
2/8/24 Meta (META) appears another 40,000 June 2026 $950 calls bought as Dec 2025 $600 adjust
2/8/24 Meta (META) also 4000 June 2026 $750 calls bought $38.60
2/8/24 Meta (META) 6400 January 2026 $600 calls bought for $36M as Jan 2025 $500 adjust
2/8/24 Microsoft (MSFT) buyer 2500 July $520 OTM calls 1.98
2/8/24 Google (GOOGL) 3850 June 2025 $190 calls buy to open $7.55
2/8/24 Amazon (AMZN) May $215 calls up to 40,000X now with $0.81 initial block was bought and now buyer up to $0.94
2/8/24 Arm Holdings (ARM) seeing 750 Jan 2026 $120 calls buying aggressively at $45.50 offers, over $3.4M
2/8/24 Arm Holdings (ARM) seeing some buyers of March $120/$150 call spreads
2/8/24 Nvidia (NVDA) large buyer of 2515 March $730 calls at $35.30 as the $640 calls adjust
2/8/24 Nvidia (NVDA) buyer 2800 March $725 calls $38.65 in an adjustment from $650
2/8/24 Nvidia (NVDA) with 1750 September $660 puts selling to open $65.50 to $65.30
2/8/24 Celestica (CLS) 2700 January 2025 47.50 calls sell to open 4.06 as Dec. 40 adjust to allow more upside
2/8/24 Taiwan Semi (TSM) opening sales of 3400 March $120 puts at $1.10, also buyers of 1000 May $145 calls at $4.35.
2/8/24 Broadcom (AVGO) buyer 100 Dec. 2025 $1860 calls $80.25
2/8/24 Dynatrace (DT) unusual buys of 4500 June $70 calls 1.05
2/8/24 Adobe (ADBE) 200 July $590 puts sold to open 33.50