Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:45 FOCUS LIST: NVDA, MSFT, META, NOW, UBER, LLY, NVO, WING, CRWD, ISRG, ARM, DELL
4) 14:40 Stock Review – Software: IGV (ETF), PANW, ZS, CDNS, SNPS, CRM, WDAY
5) 16:25 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, AMD, MRVL
6) 17:35 Stock Review – Biotech/Medical Products: XBI (ETF), MGNX, VKTX, MRUS, KURA, ABOS, AQST, INZY, RXST, TMDX
7) 21:40 Stock Review – Watch List/General Ideas/Commentary: SMCI, NFLX, DECK, VRTX, VRT, CLS, CAMT, PSTG, NTAP, CELH, CAVA
8) 24:20 Stocks Near Buyable Ranges: ARM, CAMT
9) 25:20 Conclusion/Summary

Market Summary:
Here are the concepts I’ve discussed in many recent videos and in the two 2024 Preview Videos: 1) I am bullish over the next 6-12 months because of all the technical strength we saw from November through January. The institutions aggressively came back into the markets because of the new bull market powered by AI, and they are anticipating the Fed lowering rates this year. 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.

Coming into this week, I mentioned that the Nasdaq Composite was 2.9% above its 21-day EMA. If we saw continued strength early in the week (which we saw on Monday), don’t be surprised if we see a pullback to the 21-day (which is exactly what we saw on Tuesday). I stress this point in this video, which is also bullet point number 2 above, USE THE 21-DAY AS YOUR GUIDE. That way, when a day like Tuesday happens, I don’t want members to panic and just understand that these pullbacks are part of the normal price action. From here, we tend to see a Thursday low ahead of Options Expiration (OpEx) week. It’s possible that we see some weakness Thursday morning into the European close (around 11-11:30AM EST), and then strength into next week. If the strength continues into next week, I will look to reduce exposure, as I am expecting some profit taking after OpEx and Nvidia’s GTC Conference on Monday, March 18th. Please keep in mind that is type of tactical/active management isn’t for everyone. I just present this information so you are prepared for some of these potential moves in the market. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
3/6/24 S&P 500 ETF (SPY) with 8000 June $449 puts sold to open at $2.31
3/6/24 Russell 2000 ETF (IWM) buyer 2750 December 2025 $205/$224 call spreads
3/6/24 Semiconductor 3X ETF (SOXL) 4000 March 28th (W) $50 calls bought $4.90 to $5.20
3/6/24 On Holding (ONON) with over 10,000 January $50 calls sold to open 2.35 to 2
3/6/24 Disney (DIS) large buy of 2300 March 2025 $110 calls at $16.50, bull bets adding ahead of its annual meeting April 3
3/6/24 Sweetgreen (SG) large aggressive buyer of 1500 October $20 calls at $3.30 offers
3/6/24 Starbucks (SBUX) aggressive buy of 640 Jan 2026 $90 calls at $15.30 offer sweeps
3/6/24 Starbucks (SBUX) 400 Oct $90 calls bought $8.50 to $8.60
3/6/24 Uber (UBER) 580 July 77.50 puts sell to open 5.65 bids
3/6/24 Occidental (OXY) sweep buyers 3500 January 2026 $75 calls $5.15 offers
3/6/24 EOG Resources (EOG) 1600 April 118.5 calls sell to open $3.30
3/6/24 Marathon Petro (MPC) 400 April $180 ITM puts sell to open 8.50
3/6/24 Arcellx (ACLX) with 500 April $65 puts sold to open 3.50 to 3.30
3/6/24 Acadia Pharma (ACAD) buyer 2000 April $25 calls for $1.60
3/6/24 AbbVie (ABBV) buyers of 2200 April $185 calls at $2.25
3/6/24 Viking Therapeutics (VKTX) opening sale of 2000 April $130 calls at $7.10
3/6/24 Vertiv (VRT) with 2075 July $100 calls bought $3.20 to $3.40
3/6/24 Vertiv (VRT) also 5000 March 22nd (W) $63 puts sell to open 0.50
3/6/24 Taiwan Semi (TSM) buyer 1000 March 28th (W) $150 calls $2.99, and buyers 4000 April $140 calls
3/6/24 Nvidia (NVDA) large buyer of 1500 April $800/$1050 call spreads for $88.80 as the $685/$900 spreads adjust
3/6/24 Nvidia (NVDA) 1000 October $550 puts sell to open 11.75 to 11.65
3/6/24 ServiceNow (NOW) massive opening buy 1250 May $660 calls for $103.90
3/6/24 Advanced Micro (AMD) large buyer of 1000 June 2026 $320 calls at $37.50 as the Jan 2026 $260 calls adjust higher
3/6/24 Advanced Micro (AMD) 700 November $170 puts sell to open 13.35
3/6/24 Marvell Tech (MRVL) into earnings with 1060 December $65 puts selling to open 5.45
3/6/24 Marvell Tech (MRVL) also 1000 June $77.5 puts sell to open $7 to $6.75
3/6/24 Apple (AAPL) size opening sale 5000 March 2025 $170 puts $12.93 to $12.87
3/6/24 Apple (AAPL) also 1000 March 2025 $165 puts sell to open $11
3/6/24 NetApp (NTAP) odd buyer of 2000 July $140 calls at $0.75
3/6/24 Adobe (ADBE) large bull opens 1400 April $590/$500 bull risk reversals at $4 debits
3/6/24 Broadcom (AVGO) April $1370 calls buyers this morning 750X for over $7M
3/6/24 Dell (DELL) 450 Oct $165 calls bought 5.40 offer
3/6/24 Dell (DELL) also a massive buy 3500 Jan 2026 $130 calls $25.30 offer sweeps
3/6/24 Dell (DELL) more massive call buys with 7000 June $140 calls bought $5.30 to $5.40
3/6/24 Amazon (AMZN) opening sale 800 November $165 puts for $11.20
3/5/24 Nasdaq 100 ETF (QQQ) opening sale of 7571 June 28th $440 puts at $16.78 as the June 21st $430 short puts adjust
3/5/24 Nasdaq 100 ETF (QQQ) 7500 Sept $325 puts sell to open 2.17, also sellers of 10K May $480 calls
3/5/24 Russell 2000 ETF (IWM) with 2500 Oct $180 puts sell to open at $4.12
3/5/24 Energy ETF (XLE) with 5000 May $85 puts sold to open for 2.08 as March adjust
3/5/24 Uber (UBER) with 1100 Dec $120 calls bought $2.17
3/5/24 DoorDash (DASH) buyer 600 January 2026 $165 calls $23.35
3/5/24 Shopify (SHOP) opening sales of 500 June 2025 $60 puts at $8.15
3/5/24 Exxon (XOM) opening sale of 2500 March 22nd $106 calls at $1.83
3/5/24 Wells Fargo (WFC) with 4000 June $62.50 calls sell to open $1.22 bids
3/5/24 Goldman Sachs (GS) with 5000 May $350 puts sold to open $3.10 to $3
3/5/34 Eli Lilly (LLY) opening sale of 700 Jan 2026 $1020 calls at $75.24 as Jan 2025 $780 short calls adjust higher
3/5/24 Novo Nordisk (NVO) buyer 2000 March $127 calls for 2.70 adjusts the $123/$135 call spreads
3/5/24 Neurocrine Biosciences (NBIX) large buy of 700 Dec $140 calls for $14
3/5/24 Vertiv (VRT) buyer 2500 April $72.5 calls $4.20 and 2000 April $75 calls $3.30 as March 67.5 adjust
3/5/24 Micron (MU) buyer of 1750 May $97.50 calls at $6.55 to $6.60
3/5/24 Cadence Design (CDNS) seeing a buyer of 750 April $315/$325 call spreads at $5
3/5/24 Super Micro (SMCI) 1500 March $1050 calls bought $70 to $77
3/5/24 Super Micro (SMCI) also 300 August $1500 calls bought $135.60 offer
3/5/24 Zscaler (ZS) opening sale 1000 May 190 puts $8.45
3/5/24 Microsoft (MSFT) 10,000 June $405 puts sell to open 17.10 to 17.05
3/5/24 Microsoft (MSFT) large buyer of 1600 July $405 calls at $26
3/5/24 Microsoft (MSFT) 10,000 May $405 calls buy for 17.81 as April 395 adjust
3/5/24 ASML Holding (ASML) buyer 150 Jan. 2026 $1000 calls $209 to $212
3/5/24 Salesforce (CRM) buyer 630 Jan 2026 $360 calls for $2.9M adjusting some June 2025 $330 calls
3/5/24 Salesforce (CRM) April $320/$270 bull risk reversals opening over 2000X for $1.85 debits
3/5/24 CrowdStrike (CRWD) 100 January 2026 $290 puts sold to open 62.45
3/5/24 CrowdStrike (CRWD) also 200 August $260 puts sell to open 21.40 to 21.35
3/5/24 Applied Materials (AMAT) buyer 1000 March 22nd (W) $220 calls 3.30 to 3.40
3/5/24 Palantir (PLTR) opening sale 700 November $24 puts 4.60
3/5/24 Palantir (PLTR) 660 Oct $23 puts sold to open 3.70
3/5/24 Taiwan Semi (TSM) buyer 1000 January 2026 $140 calls 27.50
3/5/24 Nvidia (NVDA) sell to open 600 December 2025 $850 puts at $170.20
3/5/24 Nvidia (NVDA) also buyers of 9000 May $1000 calls at $24.50 to $26.60
3/5/24 Adobe (ADBE) reports next week and sees 400 April $530 puts sell to open $22.40
3/5/24 Digital Realty (DLR) 400 October 140 puts sold to open 9.70
3/4/24 MidCaps ETF (IJR) unusual size buy 7100 April 60 calls for 0.85 as March 57 adjust out and up
3/4/24 Treasury ETF (TLT) with 1500 Sept $94 calls sell to open at $4.69
3/4/24 Gold ETF (GLD) sees 6600 January $220/$255 call spreads bought at $3.73
3/4/24 Nike (NKE) 500 July $92.5 puts sold to open 3.85
3/4/24 Celsius Holdings (CELH) 350 January 2026 $75 puts sell to open 17.10
3/4/24 Deckers Outdoor (DECK) 700 April $960/$850 bull risk reversals opening
3/4/24 Target (TGT) reporting tomorrow AM and sees 1000 March 8th weekly $147 ITM calls bought at $8.65
3/4/24 DoorDash (DASH) bull spreads selling 4000 May 115 puts to buy the $140/$155 upside spreads
3/4/24 Netflix (NFLX) 5000 June $570 calls opening as April $500 calls bought 1/24 adjust, a $43M position
3/4/24 Uber (UBER) opening sale of 13k April $85 calls at $2.65 as some of the $95 short calls adjust down
3/4/24 Halliburton (HAL) with 12,500 April 12th $32 puts sell to open $0.32
3/4/24 Blackrock (BLK) with 600 April $900 calls bought at $5.00
3/4/24 J&J (JNJ) with 1000 May $160 calls buy at $4.60
3/4/24 Pfizer (PFE) massive buyer of 27,000 Sept $27.50 calls at $1.24 to $1.25
3/4/24 Pfizer (PFE) opening sale 800 June 2026 $27 puts $4.60
3/4/24 Novo Nordisk (NVO) buyers 2000 June $140 calls up to $5 offers
3/4/24 Ocular Therapeutix (OCUL) unusual opening sale 1000 June $10 puts $1.40
3/4/24 Apellis Pharma (APLS) with 500 July $75/$55 bull risk reversals opening at small debits
3/4/24 Lam Research (LRCX) with 600 March $1080 calls buy at $4.55 offer
3/4/24 Qualcomm (QCOM) buyers of 1000 June $180 calls at $7.35
3/4/24 Vertiv (VRT) with 1800 April $75 calls buying at $4.43 as March $72 adjust
3/4/24 Taiwan Semi (TSM) buyers of 1000 Sept $170 calls at $5.60 to $6.20
3/4/24 Taiwan Semi (TSM) large buyer of 6500 April $150/$170 call spreads for $3.00
3/4/24 Taiwan Semi (TSM) also 2200 Jan $200/$115 bull risk reversals open for small net credits
3/4/24 Super Micro (SMCI) sees 1500 March 22nd $1300/$1400 call spreads bought at $17
3/4/24 Advanced Micro (AMD) seeing some large blocks of 2700 July $210 calls buying at $26.70 to $27
3/4/24 Advanced Micro (AMD) with late day buyers of 1000 August $310 calls at $6.80
3/4/24 Micron (MU) 3350 July $85 calls bought for $5.8M as May 82.5 adjust
3/4/24 Service Now (NOW) buyer 300 April $770/$820 call spreads
3/4/24 Adobe (ADBE) 900 May $600/$520 bull risk reversals opening at $14.36 debit
3/4/24 Broadcom (AVGO) with 700 May $1760 calls opening as the $1640 adjust up
3/4/24 Apple (AAPL) seeing 2000 Oct $165 puts buy at $6.95 offer
3/4/24 Apple (AAPL) 4000 March 2025 190 calls sell to open today 13 to 12.90
3/4/24 Marvell Tech (MRVL) with 1900 April $90 calls buy at $3 to $3.05