Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:10 FOCUS LIST: NVDA, MSFT, META, NOW, UBER, LLY, NVO, WING, CRWD, ISRG, ARM, DELL
4) 10:55 Stock Review – Software: IGV (ETF), CDNS, SNPS, CRM, PSN, APPF, FROG
5) 12:30 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, ASML, AMAT, AMD, ACMR
6) 14:10 Stock Review – Biotech/Medical Products: XBI (ETF), CYTK, MGNX, MRUS, VKTX, AQST, ABOS, INZY, GLYC, MEDP, SWAV, NTRA
7) 20:20 Stock Review – Restaurants: CAVA, SHAK, CMG, TXRH, DPZ, FWRG, SG
8) 22:35 Stock Review – Watch List/General Ideas/Commentary: SMCI, AMZN, NFLX, DECK, VRT, CLS, CAMT, PSTG, NTAP, CELH
9) 25:20 Stocks Near Buyable Ranges: UBER, DELL, MRUS, META, SHAK, PSTG, NTAP, SMCI
10) 26:10 Conclusion/Summary

Market Summary:
Here are the concepts I discussed 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.

I try to keep my analysis simple. Over the past week, the market’s price action is normal. We are consolidating sideways on light volume and the major indexes are still above their 21-day moving averages. Some of the growth leaders that had strong gains this quarter are seeing some profit taking. I thought this was going to happen last week, but it’s happening more this week. The point here is that we can’t perfectly time the market and the overall concept was to expect some rebalancing during the second half of March. From here, we might see more profit taking but I wouldn’t get too negative. Looking ahead, we have the beginning of the month and a new quarter coming up where we tend to see new money flowing into the market. Again, don’t overthink things and keep it simple. The major indexes are acting well and many growth leaders are still above key support levels. Just please keep in mind if you are new to trading or too nervous, one suggestion is to reduce your position size and expand your timeframe. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
3/27/24 Russell 2000 ETF (IWM) with 6000 April $213/$202 bull risk reversals open at $0.05 credit
3/27/24 Russell 2000 ETF (IWM) also a buyer of 2000 October $215 calls at $10.55
3/27/24 Vanguard S&P 500 ETF (VOO) rare trade in this ETF seeing 1800 Oct $425 puts sell to open at $5.00
3/27/24 Energy ETF (XLE) buyer of 10,000 May $94/$101 call spreads for $1.89
3/27/24 Monster Beverage (MNST) seeing 1100 Sept $60 puts sell to open at $3.06
3/27/24 Uber (UBER) with a block of 3730 May $65 puts sell to open at $0.91 bids
3/27/24 Citigroup (C) with over 3400 next weeks April 5th $62 puts sell to open at $0.86
3/27/24 Viking Therapeutics (VKTX) buyer 500 Jan 2026 $100 calls $32 to $32.50
3/27/24 Bristol Myers (BMY) buyers of 2100 August $45 ITM calls for $8.70
3/27/24 General Electric (GE) buyers of 5000 May $180 calls at $7.55 to $8.25
3/27/24 Synopsys (SNPS) buyer of 150 June $590 calls at $35.50
3/27/24 Google (GOOGL) with 740 June 2026 $150 calls buying at $34.55 to $34.75
3/26/24 Semiconductor ETF (SMH) buyers of 3000 July $255 calls at $6.95 as June $265 calls adjust
3/26/24 Semiconductor ETF (SMH) also a buyer of 3000 August $275 calls at $4.95 as $260 calls adjust
3/26/24 Tesla (TSLA) buyer of 1070 Dec 2026 $260 calls at $44.10 adjusting Dec 2025 $210
3/26/24 Tesla (TSLA) also buyers of 4500 April 26th $210 calls at $2.66 to $3.30
3/26/24 Costco (COST) May $730/$750 call spreads bought 600X
3/26/24 Uber (UBER) 6150 May 3rd (W) $68 puts sell to open 0.71
3/26/24 Spotify (SPOT) buyer 400 May $300 calls $11.20 offer
3/26/24 Starbucks (SBUX) buyers 3000 April $93 calls for $0.94
3/26/24 Occidental Petro (OXY) buyer 1450 July $67.50 calls $2.03 offer
3/26/24 Citigroup (C) buyers in May 3rd (W) $62 calls 3800X
3/26/24 Pfizer (PFE) buyers 10,000 next week $27 calls $0.66 to $0.70
3/26/24 Albemarle (ALB) 1000 June 90 puts sell to open 1.93
3/26/24 Meta (META) large buy for 46,459 May $465 calls at $62.10 as the $440 calls adjust
3/26/24 Micron (MU) buyer 1000 June $135 calls $5.20
3/26/24 Micron (MU) 1000 Dec 2025 $75 puts sell to open 4.70
3/26/24 Micron (MU) also a block of 1000 June $135 calls buying at $5.20.
3/26/24 JFrog (FROG) over 3000 April $45 calls bought $1.30 to $1.60
3/26/24 Nvidia (NVDA) buyer 37,700 June $880 calls $144.12 as $820 adjust higher
3/26/24 Nvidia (NVDA) also seeing 1900 April 26th $900 calls buying at $79.50
3/26/24 Snowflake (SNOW) opening sale of 300 Jan 2026 $230 calls at $24
3/26/24 Astera Labs (ALAB) sees a buyer for 500 April $125 calls at $3.30
3/26/24 Google (GOOG) with 4000 April 26th $145 puts sell to open at $2.33
3/26/24 Google (GOOG) opening sale 3000 May 3rd (W) $149 puts $4.05
3/26/24 Advanced Micro (AMD) sees a large opening seller of 1300 June 2025 $190 calls at $39.45 to $39.30
3/26/24 Advanced Micro (AMD) also a opening sale of 1000 July $180 puts at $18
3/26/24 Vertiv (VRT) 300 January 82.50 puts sell to open 14.50
3/25/24 Nasdaq 100 ETF (QQQ) nearly 10,000 April 26th (W) $422 puts with buyers $2.23 offers
3/25/24 Russell 2000 ETF (IWM) with 2500 August $211 puts buy at $10.56 as May $200 puts adjust a likely hedge
3/25/24 Walmart (WMT) 5700 April 12th (W) $61 puts sold to open $0.78
3/25/24 Starbucks (SBUX) seeing bull flow with 825 May 3rd (W) $90 calls bought $4 offer
3/25/24 DoorDash (DASH) buyer 43,000 June $120 calls for $23.40 as the massive May 90 position adjusts
3/25/24 Occidental (OXY) buyer 1000 July $67.50 calls $2.33 to $2.42
3/25/24 Cheniere Energy (LNG) with 2725 May 3rd (W) $160 puts sold to open for $4.30 to $4.20
3/25/24 Apache (APA) buyer 1200 July $37.50 calls $1.35 offer
3/25/24 Citigroup (C) large buyers of 20k May $62.50 calls at $1.68
3/25/24 Citigroup (C) also large buyers of 6800 April 12th $60 calls at $2.20 to $2.32, earnings that week
3/25/24 Coinbase (COIN) seeing 3900 April 12th (W) $300 calls bought with some big blocks $16.20 to $16.50
3/25/24 Cytokinetics (CYTK) with buyers of 1000 April $75 calls at $2.15
3/25/24 Fulcrum Therapeutics (FULC) more bull flow with the bio seeing 10,000 Jan $10/$22 call spreads bought at $2.65
3/25/24 J&J (JNJ) 550 Jan 2026 $140 puts sold to open 7.15 bids
3/25/24 Merck (MRK) block of 600 Jan. 2026 $135 ITM puts sold to open 15.85
3/25/24 Axsome Therapeutics (AXSM) sees late day buy 1000 April 77.50 calls $4.80
3/25/24 Amgen (AMGN) seeing 1000 May $265 ITM calls buy to open $20.30 and higher
3/25/24 Crispr Therapeutics (CRSP) opening sale 1000 June $65 puts 4.80
3/25/24 Dell (DELL) early buys 2000 next week $114 calls $2.22 to $2.43
3/25/24 Meta (META) 1150 April 12th (W) $535 calls bought $3.25 to $3.60
3/25/24 Meta (META) also 1165 May 3rd (W) $430 puts sell to open $6.10
3/25/24 Micron (MU) 2500 April $115 puts selling to open $4
3/25/24 Micron (MU) 1250 January $160 calls bought $7.85 to $9
3/25/24 Amazon (AMZN) seeing large buys of 5000 next weeks April 5th $167.50 ITM calls at $13
3/25/24 Nvidia (NVDA) 1150 June $960 puts selling to open for $11.5M premium
3/25/24 Nvidia (NVDA) large opening sale of 1000 June $970 puts at $107 down to $104.50 bids
3/25/24 Super Micro (SMCI) 275 June $1150 calls bought for $4.5M
3/25/24 Apple (AAPL) seeing buyers of over 6500 April 26th $175 calls at $2.50 to $2.75
3/25/24 Advanced Micro (AMD) seeing size buys 6500 April 26th (W) $180 calls $10 to $10.35
3/25/24 Taiwan Semi (TSM) with 1400 Sept $160/$130 bull risk reversals open at $0.45 debit
3/25/24 Oracle (ORCL) buyers of 3500 Sept $135 calls at $7.60 offer
3/25/24 Astera Labs (ALAB) buyers of 1100 April $70 calls at $9 up to $14.70
3/25/24 Zscaler (ZS) with 1300 May $180 puts selling to open at $5.25
3/25/24 Vertiv (VRT) buyer 1500 May $90/$115 call spreads for $4.25