Link to the statistics on June 19 through July 23: https://twitter.com/WayneWhaley1136/status/1802052830192107904

Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 11:15 FOCUS LIST: NVDA, DELL, MSFT, WING, LLY, NVO, CRWD, ISRG, MU
4) 17:00 Stock Review – Software and Semiconductors: IGV (ETF), APP, SNPS, SMH (ETF), PI, TSM, AVGO, QCOM, KLAC, LRCX, AMAT, ARM
5) 21:25 Stock Review – Biotech/Medical Products: XBI (ETF), CRNX, GPCR, AVTE, SNDX, MRUS, NTRA, TMDX, PRCT, RXST, MEDP, BSX, UTHR
6) 27:55 Stock Review – Aerospace/Defense: AVAV, LDOS, HWM, WWD, FTAI
7) 29:05 Stock Review – Restaurants: CMG, CAVA, SG, TXRH, DPZ
8) 30:15 Stock Review – Watch List/General Ideas/Commentary: META, NFLX, GOOGL, AAPL, BKNG, VRTX, AZN, VRT, SMCI, DECK, CEG, VST, NRG, ASPN, CLH, CAMT, CLS, FN, COHR, HPQ, HPE, NTAP, PSTG, SIMO
9) 39:35 Stocks Near Buyable Ranges: CLS, DELL, META, SIMO
10) 41:50 Conclusion/Summary

Market Summary:

QUICK ANNOUNCEMENT: DUE TO THE JUNETEENTH HOLIDAY, THE NEXT MIDWEEK VIDEO WILL BE POSTED ON TUESDAY, JUNE 18TH BY 8PM EST.

As I mentioned several times since early May, we’re in a power trend, don’t overthink things and keep it simple. In recent videos, I’ve stressed the point of using the 21-day as your guide. This led to a question this week asking me: “Do we have to drop down to the 21-day?” My first response is if you are asking this question, it most likely is coming from fear. If you are too over-levered, then reduce your exposure. If you can’t handle a 2-3% pullback, I honestly can’t help you. I’m not being a wise ass, I’m just trying to encourage calm and confident traders, and for members to be ok with normal pullbacks and normal price action. My second response is no, we don’t have to drop. We can correct through price or through time, and so far, we are correcting through time.

Another question I’ve received several times is: “Do we have to see weakness at the end of June?” Again, we don’t have to do anything, however, the seasonal stats show that we tend to see weakness from June 19 through June 27th (see link above). In other words, the market could use the end of the quarter as an excuse for some profit taking. Bottom line is even if we see a pullback, I don’t expect anything major, and we are likely to resume the market strength in July. The lesson here is don’t live in fear and know your timeframe. Another topic I address in this video is market breadth. I realize that some sectors are weak, but that’s why I’ve discussed so many times to FOCUS ON THE BEST. In other words, there are great companies experiencing tremendous growth right now and those are the sectors/companies I’m going to continue to focus on. Thank you and enjoy the rest of your weekend.

Unusual Option Activity:
6/14/24 Nasdaq 100 ETF (QQQ) seeing another 15,000 June 28th $480 calls buy at $3.65 to $3.84
6/14/24 Gold Miners ETF (GDX) buyer of 4000 August $31 calls buying at $3.30 as June $30 calls adjust
6/14/24 Regional Banks ETF (KRE) 1000 September 2025 $38 puts sell to open 2.09
6/14/24 Treasury ETF (TLT) block 4200 August $95 puts sold to open for $2.39
6/14/24 Oil ETF (USO) buyer of 3000 July $77 calls at $2.00
6/14/24 Gold ETF (GLD) size buy 10,500 October $220 calls $6.74
6/14/24 Coupang (CPNG) buyers of 3750 January $30/$37.5 call spreads
6/14/24 Home Depot (HD) opening sale 1000 September $300 puts 2.25
6/14/24 Floor and Decor (FND) 1980 July 105 puts sell to open 1.20
6/14/24 Uber (UBER) 7700 July 26th (W) $62 puts sell to open 0.59
6/14/24 BJ’s Restaurants (BJRI) unusual buyers of 3000 January $40 calls at $3.19 to $3.29
6/14/24 EOG Resources (EOG) buyer 1500 July $115 puts $2.25
6/14/24 Halliburton (HAL) with 3000 Sept $30 puts sell to open $0.68 bids
6/14/24 Marathon Petroleum (MPC) opening seller of 400 June 2025 $150 puts at $10.45
6/14/24 Marathon Petroleum (MPC) also seeing buyers for 1000 August $185 calls at $3.35 offers
6/14/24 Blackstone (BX) opening sale 5000 August $110 puts $2.42
6/14/24 Citigroup (C) with 1200 July 2026 $52.50 puts sell to open $4.60 as the Nov $60 short puts adjust
6/14/24 DexCom (DXCM) with 5750 August $105 short puts opening as June $115 adjust
6/14/24 Pfizer (PFE) 3600 December $30 puts ITM sell to open $3.42
6/14/24 BridgeBio (BBIO) sees 1400 July $25 puts sell to open at $2.50 to buy the $30 calls at $3.20
6/14/24 Arm Holdings (ARM) 1800 June 28th (W) $185 OTM calls bought $3 to $3.20
6/14/24 Arm Holdings seeing buyers of 250 Dec 2026 $240 calls at $56.35 max strike, max expiration
6/14/24 Amazon (AMZN) 2500 July 26th (W) $170 puts sell to open 2.10
6/14/24 Nvidia (NVDA) buyers in July 5th (W) $127 calls 5500X for $5M
6/14/24 Nvidia (NVDA) seeing midday buys for over 6400 Sept $150 calls at $7.60
6/14/24 Nvidia (NVDA) massive late day trade buys 33,800 August $127 calls at $12.90 as July $113 calls adjust
6/14/24 2x Long NVDA (NVDL) seeing rare buyers of 1600 August 2nd $105 calls at $3.80 to $4.20
6/14/24 Dell (DELL) buyer 1250 October $170 calls $5.50
6/14/24 Dell (DELL) August 115 puts sell to open 9998X 2.48
6/14/24 IBM (IBM) opening sale 10,000 August $155 puts for $2.11, similar to DELL play
6/14/24 Marvell Tech (MRVL) buyers in January $92.50 calls $4.30 offer for 1400X
6/14/24 Broadcom (AVGO) 500 March $1500 puts sell to open 104.40 to 103
6/14/24 Broadcom (AVGO) large opening sellers of over 1000 August $1500 puts at $30.60 down to $29.80
6/14/24 Broadcom (AVGO) large buyers of 1200 July $1740 calls at $89 to $93.90
6/14/24 HP Enterprise (HPE) buyer 2000 January $28 calls $1 offer sweeps
6/13/24 Nasdaq 100 ETF (QQQ) with 20,000 June 28th (W) $480/$490 call spreads bought
6/13/24 Nasdaq 100 ETF (QQQ) also seeing 2000 Dec. 2025 $500 ITM puts sell to open for $30.41
6/13/24 Nasdaq 100 ETF (QQQ) large block 5000 Aug $470 puts sell to open 7.92
6/13/24 Uranium ETF (URA) with 30,000 July $28 puts sell to open at $0.56 as $27 puts adjust
6/13/24 Uber (UBER) opening sales of 1300 July 12th $72 puts at $2.35
6/13/24 Tidewater (TDW) buyer 500 July $100 puts $3.10
6/13/24 Exxon (XOM) buyer 2000 August $110 puts $3.54
6/13/24 Goldman Sachs (GS) sees buyers of 1100 July $440 puts at $9.90
6/13/24 Goldman Sachs (GS) also 1350 July $465 calls sold to open 6.05 to 5.90
6/13/24 MicroStrategy (MSTR) buyer 1000 July 12th (W) $1700 calls for over $11M, same expiry as the large COIN calls yesterday
6/13/24 Pfizer (PFE) 4000 December $24 puts sell to open 0.62
6/13/24 Pfizer (PFE another 3100 Dec 24 puts sell to open
6/13/24 Pfizer (PFE) also 3000 December $27 puts sell to open 1.60
6/13/24 Abbott Labs (ABT) with 2000 January $110 calls bought near $4.45 as Sep $115 adjust
6/13/24 Eli Lilly (LLY) buyer 200 November $750 calls for $3.2M
6/13/24 Bridge Bio (BBIO) with 1900 July $35/$25 bull risk reversals opening for $0.50 debits
6/13/24 Viking Therapeutics (VKTX) buyer 1000 Sept $70 calls $5 looking to add to OI
6/13/24 Bristol Myers (BMY) 1250 December $38 puts sell to open 1.72
6/13/24 American Superconductor (AMSC) buyer of 750 Oct $28 calls at $4.10
6/13/24 Nvidia (NVDA) July $142 calls bought 5500X early as lower strike $140 roll up
6/13/24 Nvidia (NVDA) also buyer of 2500 June 2025 $154 calls at $18.65 offers
6/13/24 Broadcom (AVGO) 1150 July $2000 calls open $1.9M as $1650 calls adjust
6/13/24 Broadcom (AVGO) 1500 August 2100 calls being sold 16.90 to 16.20
6/13/24 Adobe (ADBE) bull spreads into earnings selling Sept $420 puts to buy the $470/$510 call spreads, 715X
6/13/24 Adobe (ADBE) size buys 3500 Sept $550 calls $8.50 to $8.65 offer sweeps into earnings
6/13/24 Dell (DELL) buyers in July 5th (W) $137 calls 900X
6/13/24 Taiwan Semi (TSM) buyers of 1200 Nov $175 calls at $17.25 to $17.60 in large lots
6/13/24 Taiwan Semi (TSM) also some buyers of 1000 March $170 calls at $26.50 to $27
6/13/24 Micron (MU) sees 1200 August $145 calls buy at $11.65 to $11.75
6/13/24 Micron (MU) also buyers of the $165 calls at $5.10 and July $165 calls bought 1500x near $3.60
6/13/24 Micron (MU) also buyers of 3500 July $200 calls at $0.50, reports on 6/26
6/13/24 Micron (MU) another 14,500 Oct $155 calls bought near $12 with 17,775 in OI
6/13/24 Advanced Micro (AMD) buyer 8600 September $180 calls $8.25 adjusting August 185 calls
6/13/24 Zscaler (ZS) 500 April 2025 $200 puts sell to open 35.27
6/13/24 HP Enterprise (HPE) with buyers hot in July $23 and $25 calls
6/13/24 Qualcomm (QCOM) buyers of 10,000 August $200/$230 call spreads at $15.60
6/13/24 Qualcomm (QCOM) also a large opening seller of 1000 July 5th $220 puts at $7.20
6/13/24 Vertiv (VRT) 1250 September $110 calls buy $6.30
6/13/24 Constellation Energy (CEG) with 300 January $200 puts sell to open at $19.50 bids
6/13/24 Constellation Energy (CEG) massive buyer of 1200 January 2026 $280 calls at $33.50 offer, over $4M