Link to the recent Breadth Thrust Signal: https://quantifiableedges.com/a-3x-70-breadth-thrust-signal/

Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:30 FOCUS LIST: NVDA, DELL, WING, VRT, LLY, NVO
4) 14:50 Stock Review – Software and Semiconductors: IGV (ETF), APP, CRWD, SMH (ETF), TSM, AVGO, MU, LRCX, KLAC
5) 17:55 Stock Review – Biotech/Medical Products: XBI (ETF), CYTK, VKTX, CRNX, MRUS, ISRG, NTRA, TMDX, RXST, PRCT
6) 20:20 Stock Review – Watch List/General Ideas/Commentary: META, NFLX, DECK, AVAV, LDOS, HWM, VST, CEG, NRG, CAMT, CLS, NTAP, PSTG, IOT, CELH
7) 26:00 Stocks Near Buyable Ranges: NVDA, WING, LLY
8) 26:40 Conclusion/Summary

Market Summary:
In recent videos, I talked about keeping things simple. The major indexes regained their 50-day moving averages, started to consolidate above the 50-day, and many stocks were acting well. Even if we saw a pullback or shakeout over the near-term, I mentioned that I was not expecting anything sustained or any significant downside. Today, we saw a cooler than expected inflation report, and that led institutions back into the market with some incredible volume. In fact, it was the highest volume day for the Nasdaq Composite since June of 2022. In this video, I point out how the two very strong volume days this week (Tuesday and Wednesday) for the Nasdaq were very similar to mid-December of 2023 when we started a strong power trend. That leads me to believe we are stating another one now.

If this goes on to be a power trend, please remember the key rule of using the 21-day EMA as your guide. In other words, when we get 3-4% extended on the Nasdaq Composite, expect some sideways digestion or an eventual pullback to the 21-day. Also remember the checklist of focusing on the strongest stocks, getting strong entry points, and managing your trades based on your timeframe and overall investment objectives. If you can’t watch the market full time or you’re fairly new to trading, please use lighter positions to help build your decision-making muscle and to help build your confidence. If you have any questions, you can ask them during the next webinar which will be this Saturday, May 18th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
5/15/24 S&P 500 (SPX) interesting trade on the large S&P index seeing 1558 May 2025 $4725 puts sell to open for $101.90, harvesting over $15M in premium showing confidence in the 4725 level holding the next year on dips which lines up at the 200 day MA
5/15/24 Semiconductor ETF (SMH) seeing 1000 Sept $220 calls buy at $23 to $23.25
5/15/24 Nasdaq 100 3X ETF (TQQQ) buyer 2000 June $59 calls $5.05 adjusts May
5/15/24 Nasdaq 100 3X ETF (TQQQ) also seeing 10,000 Sept $70 calls sell to open at $4
5/15/24 Turkey ETF (TUR) buyers of 1000 January $45 calls at $1.70 to $1.75 offers
5/15/24 Ark Innovation ETF (ARKK) buyer of 10k June $50/$55 call spreads at $0.52
5/15/24 Dominos Pizza (DPZ) with 500 June $490 puts sell to open at $3.20
5/15/24 Lyft (LYFT) with 900 June 14th (W) $13 ITM calls bought 3.95 offer
5/15/24 Airbnb (ABNB) opening sale 300 June 2025 $165 calls for 18.05
5/15/24 Marathon Petro (MPC) seeing opening sales 1380 June $165 puts $2.64
5/15/24 Marathon Petro (MPC) also with 500 Dec $175 puts sell to open $14.65
5/15/24 Halliburton (HAL) size opening sale 10,000 July $36 puts for $0.89
5/15/24 Coinbase (COIN) May $260 calls closing and opens 22,430 July $220 calls for $22.90
5/15/24 Neurocrine Biosciences (NBIX) buyer 500 Sept $160 far OTM calls $4.60 to $4.70
5/15/24 BridgeBio (BBIO) buyers of 1200 June $30 calls at $2.10
5/15/24 Eli Lilly (LLY) trade sells 825 August $700 puts to buy the $820/$920 call spreads, $12.25 debit
5/15/24 Apple (AAPL) with 7500 June 7th $185 puts sell to open at $1.34 to $1.30
5/15/24 Apple (AAPL) also 10,000 June 14th (W) $190 puts sold to open 3.60 to 3.50
5/15/24 Apple (AAPL) 10,000 June 28th (W) $185 puts sell to open 2.16 to 2.06
5/15/24 Dell (DELL) buyer of 2750 June $145 calls at $8.97 as the $125 calls adjust up
5/15/24 Dell (DELL) sees buyers of 1100 July $200 max strike calls at $1.50 offers
5/15/24 Snowflake (SNOW) buyers 1500 next week $180 calls for $500K into 5-22 earnings
5/15/24 Snowflake (SNOW) buyers of 2750 May 31st $200 calls at $1.59 offer sweeps
5/15/24 Meta (META) with 1000 September $440 puts sold 19.65
5/15/24 Google (GOOG) with 1000 March 2025 $170 puts sold to open $12.10, more confident bull flow long-term
5/15/24 Nvidia (NVDA) with 1900 July $930 calls buying for $14M
5/15/24 Nvidia (NVDA) also buyers of May 31st (W) $940 calls with 4500X bought for $22M for earnings 5-22
5/15/24 Nvidia (NVDA) opening seller of 500 December 2026 $700 puts at $112.50, adjusting Nov $700 short puts
5/15/24 Nvidia (NVDA) buyer 6000 May 31st (W) $950 calls $46.40 to $46.60
5/15/24 Advanced Micro (AMD) 1470 Oct. $185 calls buying $9.15 offer and higher
5/15/24 Advanced Micro (AMD) with buyers of over 4k June 7th $160 calls at $5.65 offers
5/15/24 Advanced Micro (AMD) with 7000 June 7th (W) $170 calls bought
5/15/24 Celestica (CLS) seeing a buyer of 4500 June $50 calls at $4.25 as $52.50 calls adjust
5/15/24 Vertiv (VRT) 1800 Sep 70 puts sold to open for 1.45
5/15/24 Vistra (VST) 1100 August $100 puts sell to open $10.51
5/15/24 NRG Energy (NRG) opening sale of 2k July $80 puts at 42.75, also sells 4k of the $70 puts at $0.60
5/14/24 Nasdaq 100 ETF (QQQ) opening seller 1300 June 28th $446 puts at $10.10 bids, seeing limited downside rest of Q2
5/14/24 Gold ETF (GLD) buyers 4800 May 31st (W) $220 calls $2.32 offers
5/14/24 Tesla (TSLA) size buys 4000 June 28th (W) $175 puts for $3.6M paying $9
5/14/24 Home Depot (HD) opening sale 1350 June 28th (W) $325 puts $3.90
5/14/24 Home Depot (HD) sees a large trader sell to open over 5000 June $325 puts at $3.45
5/14/24 Starbucks (SBUX) for a 2nd day seeing June 2026 $75 calls bought 4000X for $5.5M
5/14/24 PDD Holdings ADR (PDD) with 7000 May 31st (W) $137 puts sold to open $5.80 to $5.50
5/14/24 Lyft (LYFT) block 3375 July $15 calls is bought $2.77
5/14/24 Marathon Petro (MPC) sees 500 Dec 170 puts sell to open 13.40 to 13.10
5/14/24 Valero (VLO) with 600 June 2025 $130 puts sell to open $8.30 to $8.25
5/14/24 Goldman Sachs (GS) buyer of 800 June $480 calls at $3.97 as $370 calls adjust
5/14/24 Blackstone (BX) 500 November $105 puts sell to open $3.40
5/14/24 JP Morgan (JPM) buyer of 3400 October $230 calls for $2.31 to $2.33
5/14/24 Novartis (NVS) 4000 June 105 calls sold to open 1.35
5/14/24 Intellia Therapeutics (NTLA) with 1000 July $35 calls bought $1.25 to $1.30
5/14/24 Stryker (SYK) opening sale of 100 June 2025 $330 ITM puts at $26.70 bids
5/14/24 Amgen (AMGN) sees 500 at-the-money January $310 puts sell to open $26.20
5/14/24 MP Materials (MP) 5500 June $20 calls are bought
5/14/24 Qualcomm (QCOM) buyers 1700 July $190 calls for $1.1M
5/14/24 Advanced Micro (AMD) 2nd day of buyers in June 2026 $150 calls 1200X for $5.6M
5/14/24 Google (GOOG) opening sale 1000 June 7th (W) $170 puts 3.55 bid
5/14/24 Salesforce (CRM) July $310 calls selling to open 2300X 4.60 to 4.55
5/14/24 Cirrus Logic (CRUS) buyer 500 June $115 calls $2.55 offer
5/14/24 Apple (AAPL) buyer 2000 Dec. 2026 $200 calls $32.10
5/14/24 Arm Holdings (ARM) another 1850 June 2026 $115 calls buying $46
5/14/24 Amazon (AMZN) another 55,000 Sept $175 calls bought for $122M as June $160 adjust more
5/14/24 Constellation Energy (CEG) with 300 July $220 calls buying here at 11.20
5/13/24 Ark Genomics ETF (ARKG) buyer 10,000 June $25 puts $0.85 offer
5/13/24 Turkey ETF (TUR) rare trade sells to open 1000 November $37 puts at $1.75
5/13/24 Treasury ETF (TLT) with a massive late day buyer of 75,000 December $102 calls at $1.05, over $7.8M
5/13/24 China Tech ETF (KWEB) 19,700 August $31/$36 call spreads bought at $1.70 and also sells the $27 puts at $0.48
5/13/24 Celsius Holdings (CELH) buyer 2000 June $95 calls $2.90
5/13/24 Walmart (WMT) 20,000 September 63.33 calls sold to open
5/13/24 On Holding (ONON) opening sale 1000 January 22.50 puts 1.26
5/13/24 Uber (UBER) with 3500 June 28th $58 puts sold to open $0.60 bids
5/13/24 Lyft (LYFT) with 2700 August $19 calls bought at $1.62
5/13/24 DoorDash (DASH) 2000 June $115 short puts open $4.85 with May adjusting
5/13/24 DoorDash (DASH) 23,000 Nov $100 calls bought $25.35 to $25.40 as June 120 adjust
5/13/24 Starbucks (SBUX) large buyers of 4100 June 2026 $75 calls at $13.15 to $13.20 in size lots over $5.5M
5/13/24 Airbnb (ABNB) 400 Oct 140 puts selling to open $8.15
5/13/24 Sea Limited ADR (SE) opening sale 1000 November $50 puts for 3.30
5/13/24 EOG Resources (EOG) with 1000 Dec $130 puts sell to open $9.10
5/13/24 Occidental Petro (OXY) opening sales 5000 August $62.50 puts 2.27
5/13/24 Shift4 Payments (FOUR) opening sales 2000 June 57.50 puts $1 to $0.90
5/13/24 Oscar Health (OSCR) buyer of 2000 August $20 calls for $3.80 to $3.90
5/13/24 Intuitive Surgical (ISRG) 1240 June $365 puts sell to open 3.50
5/13/24 Viking Therapeutics (VKTX) buyer 450 July $75 puts 12.20 offer
5/13/24 Crinetics Pharma (CRNX) 15,000 June $50 calls open $3.30 in a stock replacement
5/13/24 Vertiv (VRT) buyers of 2000 Jan $140 calls at $6.40 to $6.70
5/13/24 Marvell Tech (MRVL) with June $77.5 and July $80 calls seeing 4500X each offer side bought
5/13/24 Advanced Micro (AMD) buyer 2000 June 7th (W) $160 calls $3.85
5/13/24 Snowflake (SNOW) 1200 September $110 puts sold to open 2.29
5/13/24 Amazon (AMZN) June 2026 $180 puts sell to open for 23.65
5/13/24 Adobe (ADBE) 460 June 2026 $490 calls bought for $5.5M
5/13/24 NetApp (NTAP) up to 3500 next week $108 calls bought
5/13/24 Vistra (VST) buyer of 2000 Jan $140 calls at $3.40
5/13/24 Microsoft (MSFT) with 700 June 2026 $415 calls bought $78.45 offer
5/13/24 Salesforce (CRM) with 775 June 2026 $280 calls bought for $4.85M, similar to MSFT trades very long dated
5/13/24 Arm Holdings (ARM) similar to the MSFT/CRM trades with 800 June 2026 $115 calls bought $40.10 offers
5/13/24 Arm Holdings (ARM) also buyers of 2000 June $125 calls at $4.75 to $5.25
5/10/24 Nvidia (NVDA) late day opening sale of 1000 May 24th $920 puts at $60, strong confidence into report 5/22