Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:15 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META, ONON
4) 12:20 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, CHKP, FTNT, CVLT, GWRE, APP, DOCS, SMAR
5) 14:40 Stock Review – Semiconductors: SMH (ETF), AVGO, TSM, PI, ARM
6) 16:00 Stock Review – Biotech/Medical Products: XBI (ETF) TARS, CRNX, APGE, RYTM, CSTL, VKTX, HALO, MMSI, NTRA, PRCT, TMDX, CDNA
7) 19:20 Stock Review – Others/General Ideas/Commentary: UBER, NFLX, TSLA, COHR, FOUR, ASTS, RKLB, LUNR, CRMD, CWAN, SFM, CAVA, SG, TXRH, FTAI, HWM, GE, SPOT, PLTR, NEE, VST, CEG, AFRM, UPST, AXON, TGLS, YOU, VRT, TEM
8) 27:00 Conclusion/Summary

Market Summary:
Let’s keep things simple. We’re in a bull market, so please don’t overcomplicate things. It looks like we’re starting a new power trend. Remember the main guidelines during power trends: 1) Use the 21-day as your guide. In other words, if we are extended from this level, don’t be surprised to see minor pullbacks through price or through time. 2) Expose yourself to strong stocks and ETFs. I present plenty of ideas in these videos. 3) Get strong entry points near the 21-day and 50-day moving averages. 4) Stick to your stops. Just because it’s a bull market, it doesn’t mean EVERY trade is going to work. You still have to manage risk. 5) Manage your trades as best as possible based on your timeframe. I can give guidelines, but ultimately, you need to decide what position sizes to use and when to take profits.

Shorter-term, I mentioned we could see some volatility towards the end of September and into early October. This past week, the market was incredibly resilient and finished slightly positive for the week. I’m guessing the recent rate cut from the Fed is adding more liquidity into the market, and there seems to be a relentless bid beneath the surface. That being said, I still think we will see some normal pullbacks and shakeouts along the way, but nothing extreme to the downside. From here, we are slightly extended on the Nasdaq Composite. Again, it doesn’t mean we HAVE to pullback, but if we do see one down to the 21-day, I would consider it normal price action. As always, if you have trouble making decisions or don’t want to actively manage your portfolio, use smaller positions and give them more room. Thank you and enjoy the rest of your weekend!

Unusual Option Activity:
9/27/24 Russell 2000 ETF (IWM) large opening sale of 6000 Sept 2025 $210 puts at $11.66 as Dec 2025 short puts adjust
9/27/24 Oil Services ETF (OIH) with 450 May $235 puts sell to open at $9.40
9/27/24 Tesla (TSLA) size opening seller 3000 Dec $270 puts $35 to $34.90
9/27/24 Tesla (TSLA) also with 5000 Nov $240 puts sold $15.60 to $15.55
9/27/24 Tesla (TSLA) 4500 Nov $260 puts sold to open $11M as well
9/27/24 Tesla (TSLA) massive buyer of 30,000 Nov $255 calls at $27.60 adjusting those $240 calls in OI
9/27/24 TJX Cos (TJX) 1500 Nov 115 puts sell to open 1.94
9/27/24 Costco (COST) 500 Jan 2026 $900 puts sell to open at $85.45 and also the $895 puts sell for $83.25
9/27/24 Las Vegas Sands (LVS) with 5000 March $60 calls bought $2 offer sweeps
9/27/24 Las Vegas Sands (LVS) also seeing June $50 calls adjust to March $55 calls 3800X
9/27/24 Wynn Resorts (WYNN) 1450 Nov 97.50 calls bought as 80 strike adjust higher
9/27/24 Cava Group (CAVA) 5700 Nov $90 puts sold to open 1.15
9/27/24 Trade Desk (TTD) 1000 Sept 2025 $130 calls sold to open 12.80
9/27/24 AppLovin (APP) opening sellers of 600 Jan $120 puts at $9.80 to $9.60
9/27/24 Diamondback Energy (FANG) buyer 400 Jan $180.31 calls for $8.10 follows an unusual call buy late yesterday
9/27/24 Coinbase (COIN) buyer 1550 Nov $220 calls $8.80 to $8.90
9/27/24 Coinbase (COIN) large buyer of 17,820 Nov $185 calls at $22.52 as the Oct $155 calls adjust
9/27/24 Coinbase (COIN) late day buyers for 1950 Jan 2026 $190 calls at $67 to $68
9/27/24 PayPal (PYPL) sees an odd buyer of 1700 March $115 calls at $0.85
9/27/24 Novo Nordisk (NVO) another large call buy into weakness as 1000 Dec $125 calls bought $6.85 and higher
9/27/24 Eli Lilly (LLY) 550 Nov 1st (W) $775 puts sell to open 6.75 to 6.70
9/27/24 Stryker (SYK) 440 Dec $330 puts sell to open 4.35
9/27/24 AstraZeneca (AZN) buyers of 1000 Nov $77.50 calls at $3.55 to $3.65 offers
9/27/24 Philips (PHG) buyers of 550 each Nov $33 and $34 calls
9/27/24 Agios Pharma (AGIO) sees 1000 Nov $40 puts sell to open at $1.30
9/27/24 Rocket Labs (RKLB) max strike April $17 calls with 6500X bought $0.75 and higher
9/27/24 Rocket Labs (RKLB) 2350 Nov $17 calls bought 0.30 offer
9/27/24 PulteGroup (PHM) 590 Jan $150 calls bought 8.50 offers
9/27/24 Baidu (BIDU) buyer 3000 Nov $120 calls up to $3.05 offer
9/27/24 Nvidia (NVDA) block of 6000 May $100 puts sold to open 8.30
9/27/24 Nvidia (NVDA) 2000 Dec 2026 $170/$110 bull risk reversals trade for 1.09 debit
9/27/24 Nvidia (NVDA) seeing weekly short calls adjust up and sell next weeks $123 and $128 calls
9/27/24 Adobe (ADBE) 1050 Nov 8th (W) $480 puts sold to open $4.85 to $4.80
9/27/24 Meta (META) 1150 Nov 8th (W) $485 puts sell to open $5.83
9/27/24 Meta (META) 150 Jan 2026 $590 puts sell to open $93 for $1.4M
9/27/24 Amazon (AMZN) 850 Feb $205 calls buy 10.20 offer
9/27/24 Amazon (AMZN) sees 1000 April $160 puts sell to open at $5.40 bids
9/27/24 DocuSign (DOCU) opening sale 1000 Nov $62.50 puts for $3.01 and follows recent upside call buys
9/27/24 Microsoft (MSFT) large midday buyer of 1000 February $450 calls at $18.55 offer
9/27/24 AST SpaceMobile (ASTS) seeing buyers of 400 May $35 calls at $5.80 to $6.20
9/26/24 S&P 500 ETF (SPY) over 5000 Nov 29th $555 puts sell to open at $7.09, willing to own about 16 points lower
9/26/24 Small Cap Bull 3x ETF (TNA) odd buyers for over 3300 Nov $47 calls at $3.25
9/26/24 Oil & Gas ETF (XOP) with 10,000 March $120 puts sold to open at $5.06
9/26/24 Financials ETF (XLF) large buy 25,000 Jan 2026 $55 calls $0.68 offer
9/26/24 Biotech ETF (XBI) 1700 Nov 97 puts sold to open 3.40 bids
9/25/24 Tesla (TSLA) with 5500 Oct 11th $270 calls buying $12.15
9/26/24 Abercrombie (ANF) buyer 200 Dec $135 calls $15.30
9/26/24 Cava Group (CAVA) 1350 Nov $150 calls bought $3.75 to $3.80
9/26/24 Uber (UBER) 8000 Nov 1st (W) $66 puts sell to open 0.58
9/26/24 DoorDash (DASH) 800 Oct $145 calls bought $3.80 to $3.95
9/26/24 Marathon Petro (MPC) opening sales of 1000 Jan $165 calls at $10.90 to $10.55
9/26/24 Occidental (OXY) buyer 1000 September 2025 $55 calls for $4.30
9/26/24 Exxon (XOM) 500 August $110 puts sell to open 7.80
9/26/24 Diamondback Energy (FANG) buyer 1000 October $175 calls $2.90
9/26/24 Affirm (AFRM) size buyer 1500 Sept 2027 $47.50 calls $10.25
9/26/24 MicroStrategy (MSTR) buyers of 300 June $120 deep ITM calls at $68.10
9/26/24 MicroStrategy (MSTR) also the $190 calls buying 300x at $37.20 to $38.50
9/26/24 Coinbase (COIN) seeing sweep buyers of over 10,000 Oct $210 calls at $2.70 to $2.85
9/26/24 Coinbase (COIN) also massive longer term buyers for over 4500 Jan 2026 $170 calls at $60.55 up to $62.50, over $30M
9/26/24 Coinbase (COIN) 300 Aug 2025 $250 calls bought $27
9/26/24 Zillow (Z) 1850 Nov 72.5/60 bull risk reversals open at 0.27
9/26/24 PulteGroup (PHM) buyer 600 Jan $155 calls $5.40 offer
9/26/24 Western Digital (WDC) sees buyers of 2500 Dec $75/$85 call spreads at $2.27
9/26/24 Arm Holdings (ARM) buyers of Dec $170 calls 800X near $13
9/26/24 Micron (MU) over 16,000 Nov $95 puts sell to open $1.62 to buy 16k of the Nov $115/$140 call spreads at $5.11
9/26/24 Broadcom (AVGO) buyers 740 June $185 calls $23.70 offer
9/26/24 Taiwan Semi (TSM) buyer 1000 Sept 2025 $195 calls $27.45
9/26/24 Taiwan Semi (TSM) buyer 600 April $210 calls $13.50
9/26/24 Advanced Micro (AMD) buyer 7290 Nov $165 calls $12.80 as Oct 145 adjust
9/26/24 Palantir (PLTR) with 6000 Jan $42 calls buying $2.33 offers
9/26/24 Nvidia (NVDA) 1500 Oct 25th (W) $111 calls bought $14.10
9/26/24 Meta (META) buyers of 300 Jan 2026 $750 calls at $44.10 to $48.25
9/26/24 Salesforce (CRM) buyer 950 March $300 calls for $15.10
9/26/24 NextEra Energy (NEE) opening sale 3000 Oct $83 puts for 1.35
9/26/24 Vistra (VST) buyers of 1750 Nov $120 calls at $8.79