Compound and Friends Podcast link: https://www.youtube.com/watch?v=VQrR4SVCbGA

CNBC Interview link: https://www.youtube.com/watch?v=1DVTvoFwa1U

Topics covered:
1) 0:00 Announcements
2) 0:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:35 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META
4) 12:35 Stock Review – Software and Semiconductors: IGV (ETF), NOW, GWRE, GDDY, CVLT, SMH (ETF), AVGO, TSM
5) 14:35 Stock Review – Biotech/Medical Products: XBI (ETF), DYN, ALNY, TMDX, HALO, MMSI, NTRA, GRAL
6) 16:10 Stock Review – Watch List/General Ideas/Commentary: VRTX, AMGN, CWAN, ASTS, SFM, HWM, PLTR, YOU, CAVA, DY, SPOT
7) 20:15 Conclusion/Summary

Market Summary:
In the beginning of this video, I discuss how this feels like a normal correction within an overall bull market. That doesn’t mean we are out of the woods yet. I’m still expecting some volatility and a range to be formed over the next 4-8 weeks before a SUSTAINED uptrend can occur. Of course, I will be open-minded, but the main things I would like to see include: 1) A follow through day. 2) The major indexes to regain their 50-day moving averages. 3) More growth stocks to form proper bases. 4) For sentiment to get more bearish/washed out.

In the meantime, show some discipline and patience. Use lighter positions if you are inclined to trade, and keep an eye on the stocks showing great relative strength. In this video, I review many of them and I will continue to present them as better bases and entry points appear. Again, I can’t say this enough, please be patient until we see healthier market conditions. I’m by no means bearish, just defensive until the market proves itself better. If you have any questions, you can ask them during the next webinar, which will be this Monday, August 12th at 7PM EST. Thank you and enjoy the rest of your weekend.

Unusual Option Activity:
8/9/24 Russell 2000 ETF (IWM) with 1500 Dec 2026 $290 calls buy at $6.52 as the $220 calls adjust higher
8/9/24 Semiconductors ETF (SMH) with 1600 Oct $250 calls sell to open at $6.90
8/9/24 Tesla (TSLA) unusual large buyer of 3000 June 2026 $500 calls at $14.30 in large lots, over $4M
8/9/24 SharkNinja (SN) buyers of 300 Oct $90 calls at $5.40 to $5.80
8/9/24 Elf Beauty (ELF) sees 4000 Sept $120 puts sell to open $1.55 to $1.60
8/9/24 Walmart (WMT) sees 1500 Jan 2026 $70 puts sell to open at $6.80
8/9/24 Wynn Resorts (WYNN) opening sales of 1300 Jan $65 puts at $2.77
8/9/24 LPL Financial (LPLA) sees 1000 Sept $195 puts sold to open at $8.75
8/9/24 Boston Scientific (BSX) 3900 Sept 27th $71 puts sell to open $0.80 to $0.85
8/9/24 AbbVie (ABBV) sees 2250 Jan $165 puts sell to open at $3.35 bids
8/9/24 Vertiv (VRT) opening sale of 700 June $87.50 calls at $10.60 bids
8/9/24 Microsoft (MSFT) 1180 March $480 calls bought for $10.40 to $10.90
8/9/24 Microsoft (MSFT) also with 1500 Feb $320 puts sell to open $6.55
8/9/24 Meta (META) seeing 6000 Sept 27th $485 puts sell to open at $14.70
8/9/24 Broadcom (AVGO) 400 Jan 2026 $132 puts sell to open $18.40
8/9/24 Super Micro (SMCI) trader opening 125 Feb $700/$440 bull risk reversal for $17 credit
8/9/24 CrowdStrike (CRWD) with 950 December $260 calls buy at $26.60 to $27
8/9/24 Dell (DELL) good sized buyers of 2100 Aug 23rd $90 calls at $3.50 to $4.70, reports 8/29
8/9/24 Apple (AAPL) with 4000 Sept 6th $225 calls buying at $2.20 offers in large lots
8/9/24 Micron (MU) opening sales of 3400 Oct $70 puts at $1.52
8/9/24 Check Point Software (CHKP) sees 1936 Oct $175 puts sell to open at $3
8/9/24 AST SpaceMobile (ASTS) reports next week and sees a buyer of 6700 August $24 calls at $0.99 as weekly’s adjust
8/9/24 Amazon (AMZN) seeing 1240 Dec 2026 $165 calls buy at $42.90 offer
8/9/24 Arm Holdings (ARM) with 1900 Dec 2026 $120 calls buying aggressively at $51.50 offers, seeing repeat 2026 call buys all week
8/9/24 Salesforce (CRM) with 840 Dec 2026 $250 calls bought at $63 aggressive offer, similar to 2026 calls bought at offer on ARM, AMD, SBUX this week. Maybe the same fund
8/8/24 Russell 2000 ETF (IWM) 5000 Jan $179 puts sell to open $4.71 to buy the $235 calls at $3.87 in bull risk reversals
8/8/24 Semiconductors ETF (SMH) bull trade sells to open 1750 Dec $160 puts at $4.10, to buy 1750 of the $255/$290 call spreads at $5.20
8/8/24 Applovin (APP) sees 525 Oct $70 calls buy $5.80
8/8/24 Shopify (SHOP) with 1150 March $80 calls sell to open $6.40
8/8/24 Lyft (LYFT) seeing 17,000 Dec 2025 $8 puts sell to open $1.51
8/8/24 Las Vegas Sands (LVS) seeing over 6000 Oct $45 calls buying $0.71 to $0.88
8/8/24 MicroStrategy (MSTR) sees 200 Oct $130 calls buying at $23.85
8/8/24 MicroStrategy (MSTR) also 200 of the Oct $180/$200 call spreads buying
8/8/24 Goldman Sachs (GS) opening sale of 1000 June $570 calls at $20.10 bids
8/8/24 Datadog (DDOG) sees 4450 Sept $97.50 puts sold to open for $1.40
8/8/24 Datadog (DDOG) also seeing an opening sale of 7000 Sept $135 calls at $0.77
8/8/24 Broadcom (AVGO) seeing buyers of 3300 Aug 30th $157 calls at $1.75
8/8/24 Broadcom (AVGO) also large buy of 2200 Nov $134 ITM calls at $20.10
8/8/24 Advanced Micro (AMD) large buyer of 1200 Dec 2026 $130 calls at $44.30
8/8/24 Nvidia (NVDA) buyer of 1700 August 23rd $98 calls at $7.75
8/8/24 Nvidia (NVDA) 3000 Aug 30th $111 calls buying in large lots for $4.65 to $4.90, keeps seeing earnings week bull flow
8/8/24 Nvidia (NVDA) buyers of 4000 Aug 30th $113 calls at $3.55 to 3.65
8/8/24 Nvidia (NVDA) 2000 Sept 6th $104 calls buying $8.20
8/8/24 Crowdstrike (CRWD) 1500 Aug 30th $230 puts sell to open $13 to $12.50
8/8/24 Palantir (PLTR) sees buyers of 4000 Oct $35 calls at $0.80 to $0.88 offers
8/8/24 Palantir (PLTR) also buyers of 1400 Jan $36 calls at $1.85 offers
8/8/24 Taiwan Semi (TSM) buyers of 1100 Aug 30th $165 calls at $7.50 offers
8/8/24 Applied Materials (AMAT) buyers of 1400 Aug 30th $210/$220 call spreads at $1.60, reports next week
8/8/24 Arm Holdings (ARM) with 1000 Jan 2026 $90 puts sell to open $18.65
8/8/24 Arm Holdings (ARM) also with 500 March $115 calls bought for $26.05
8/8/24 Constellation Energy (CEG) sees 1500 Sept $155 puts sell to open at $2.10
8/8/24 Constellation Energy (CEG) with 600 Nov $155 puts sell to open $8.80
8/7/24 Russell 2000 ETF (IWM) opening sale of 2000 December 2026 $185 puts at $14.15
8/7/24 Financials ETF (XLF) with 6000 March $39 puts sell to open $1.00
8/7/24 Treasury ETF (TLT) into dip today sees a buyer of 1250 June $98 calls at $5.50
8/7/24 Uber (UBER) 3000 Nov $75 calls buy $3.60
8/7/24 Uber (UBER) 2300 Nov $70 calls bought $5.58 as Sept $57.50 calls adjust
8/7/24 Uber (UBER) also with 3000 Dec $75 calls bought at $4.35
8/7/24 Walmart (WMT) with 5350 Sept 6th $62 puts sold to open $0.53
8/7/24 Home Depot (HD) large spread sells to open 1000 June $320/$260 bull put spreads and buys the $410 calls
8/7/24 Wynn Resorts (WYNN) massive buyer of 18,000 Nov $82.50 calls at $3.28 as the Sept calls adjust out
8/7/24 Novo Nordisk (NVO) opening sale of 3665 Sept 13th $110 puts at $1.42
8/7/24 Nvidia (NVDA) large buys of 10,000 Sept 6th $95 ITM calls at $17.30 to $17.65, positioning for earnings 8/28
8/7/24 Nvidia (NVDA) opening sale of 4000 Sept 6th $100 puts at $5.40, over $2M
8/7/24 Nvidia (NVDA) with over 5000 Sept 6th $100 calls buying at $13.75 in large lots
8/7/24 Nvidia (NVDA) with 2100 September 2025 $105 puts sell to open $20.81 to $20.76
8/7/24 Nvidia (NVDA) sees 1200 Sept 2025 $160 calls buy at $9.75, also sells 3k of the June $80 puts at $8.90 bids
8/7/24 Micron (MU) sees 2570 Aug 30th $107/$113 call spreads buy at $0.54
8/7/24 Arm Holdings (ARM) large buyer of 2600 January $110 calls at $21.40 in large lots
8/7/24 Amazon (AMZN) sees 1250 Dec 2026 $165 calls buy at $41.70 offer