Episode 2 of my new podcast: https://www.youtube.com/watch?v=JiQ7qI_wYWE
You can also subscribe on Spotify and iTunes (Apple Podcasts) under Joe’s Happy Hour

Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 4:55 FOCUS LIST: NVDA, ISRG, META, VRT, AVGO, TSM, ONON, TSLA
4) 10:00 Stock Review – Software: IGV (ETF), NOW, APP, CWAN, DOCS, CRM
5) 12:10 Stock Review – Semiconductors: SMH (ETF), SMTC, AMSC
6) 13:00 Stock Review – Biotech and Medical Products: XBI (ETF) TARS, CRNX, APGE, NTRA
7) 16:10 Stock Review – Others/General Ideas/Commentary: WIX, NFLX, COHR, RKLB, LUNR, ASTS, SPOT, TXRH, CAVA, NRG, CEG, VST, GDS, PLTR
8) 24:oo Conclusion/Summary

Market Summary:
In last weekend’s video, I mentioned how the market could digest its recent gains either through price or through time. So far, it is digesting sideways through time, as the Nasdaq Composite went from being 4.4% extended from its 21-day EMA to 2.7% extended. From here, I’m still expecting more consolidation through both price and time. In other words, don’t be surprised if we chop around over the near-term. However, I’m not expecting any significant downside into year-end. Just normal price action. The key right now is to show some patience and discipline, especially if you are looking to buy new positions or add to existing ones. I realize that the market is strong, but I still prefer members wait patiently for better entries because so many stocks are extended from proper buy points.

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, the number of positions to own, and when to take profits. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
11/13/24 S&P 500 ETF (SPY) opening sellers in January $577 puts 10,000X
11/13/24 S&P 500 ETF (SPY) 25,000 January $495 puts sold to open 0.87
11/13/24 Software ETF (IGV) strong and sees buyers of 2300 Feb $110 calls at $2.80 to $2.85
11/13/24 Gold ETF (GLD) sees a large opening sale of 3000 June $230 puts for $4.37 as $255 short puts adjust
11/13/24 2x Bitcoin ETF (BITX) buyers of 1000 Jan $65 calls at $8.60 midday
11/13/24 Utility ETF (XLU) buyers of 10,000 Jan $80 calls and 17,500 Jan $83 calls
11/13/24 Tesla (TSLA) buyers of 2500 June $620 far OTM calls for $3.3M
11/13/24 Tesla (TSLA) large buys of 2500 June 2026 $240 deep ITM calls at $133 to $135 offer sweeps
11/13/24 Target (TGT) buyer 1500 Dec 6th (W) $165 calls for 4.75 follows a lot of call buying yesterday
11/13/24 Cava Group (CAVA) sees 400 Jan 2026 $200 calls sell to open $27.20 to $26.20
11/13/24 Domino’s Pizza (DPZ) 1280 Dec $410 puts sell to open 3.60 to 3.50
11/13/24 Disney (DIS) 625 August $95 puts sold to open $5.55 into earnings
11/13/24 Occidental Petro (OXY) buyer 25,000 March $55 calls $2 adjusting $60 strike
11/13/24 Mastercard (MA) buyers of 1150 Jan $540 calls at $8.92 as Nov $510 calls adjust
11/13/24 Coinbase (COIN) sees a buyer of 1000 March $320/$620 call spreads at $44.64
11/13/24 TG Therapeutics (TGTX) buyers of 2000 December $32 calls
11/13/24 Tempus AI (TEM) buyers of 1250 Dec $70 calls at $5.75 as Nov calls adjust
11/13/24 Bristol Myers (BMY) 750 August $65 puts sell to open ITM for $8.60
11/13/24 Rocket Labs (RKLB) early size buy 2000 June $27 calls $3.90 offer
11/13/24 Rocket Labs (RKLB) also 1285 max strike Sept $35 calls bought $3.90 offer
11/13/24 Intuitive Machine (LUNR) with 1075 March $12 calls bought $2.90 to $3.30
11/13/24 Google (GOOG) buyer 1000 Dec 27th (W) $185 calls $4.10 offer
11/13/24 Amazon (AMZN) 2500 Dec 6th (W) $205 calls bought up to $9.15
11/13/24 Amazon (AMZN) buyers of 2500 Feb $245 calls at $3.80
11/13/24 Meta (META) spreads selling the Jan $520 puts to buy the $620/$680 call spreads 3500X
11/13/24 Meta (META) sees 1900 Feb $610 calls buying at $32.12 as the Dec $600 calls start to adjust
11/13/24 Palantir (PLTR) 1500 April $90 max strike calls bought $3.25
11/13/24 Palantir (PLTR) also buyers in June $90 calls 1700X
11/13/24 Micron (MU) 790 Dec 27th (W) $100 calls bought $7.85
11/13/24 Nvidia 2x Long ETF (NVDL) buyers of 2250 Dec $80 calls at $12.30 to $12.40
11/13/24 Advanced Micro (AMD) buyers of 1900 March $140 calls at $15.95 offers
11/13/24 Zoom (ZM) opening sale of 1500 March $87.50 ITM puts for $8.30 to $8.05 confident bull
11/13/24 Microsoft (MSFT) 1150 May $470 calls bought $15 to $16
11/13/24 Constellation Energy (CEG) another 3800 Jan $195 puts selling to open
11/13/24 Vistra (VST) 450 April $150 puts ITM sell to open for $23.40
11/13/24 Apple (AAPL) sees a massive trade sell to open 12,500 Feb $205 puts at $2.62 to buy 12k of the Feb $235/$250 call spreads at $4.54, adjusting from Nov spreads for more time
11/12/24 S&P 500 ETF (SPY) buyers 8000 April $645 calls for $5M adjusting some March $640
11/12/24 Nasdaq 100 ETF (QQQ) 1750 Dec 2025 $510 puts sold to open for 33.37
11/12/24 S&P Equal Weight ETF (RSP) size buy 4500 February $190 calls $2.92
11/12/24 Semiconductor Bull 3X ETF (SOXL) buyers 2100 Feb $25 ITM calls at $8.95 to $10.20
11/12/24 Tesla (TSLA) seeing 2500 Dec $335 puts sell to open $23.95, willing buyers near $310
11/12/24 Tesla (TSLA) seeing good amount of January $440 size lot offer call buys with 4900X trading
11/12/24 Tesla (TSLA) 500 Dec 27th (W) $335 puts sold to open $25.60
11/12/24 Target (TGT) 2000 Nov 22nd (W) $177.5 calls bought 1.20 with earnings 11-20
11/12/24 Shopify (SHOP) buyers of 600 March $115 calls at $9.60 to $10.65
11/12/24 Shopify (SHOP) also 600 June $120 calls bought $11.35 to $12.10
11/12/24 Starbucks (SBUX) with 1060 Dec 2026 $100 calls buy at $18.85
11/12/24 Floor & Decor (FND) with 5750 Jan $90 puts sell to open $1.75 to $1.70
11/12/24 Disney (DIS) 5650 Dec 13th (W) $89 puts sell to open $0.69 into earnings
11/12/24 Netflix (NFLX) buyer of 500 Jan $840 calls at $28.05
11/12/24 Netflix (NFLX) also some buyers of 550 Jan $805/$825 call spreads
11/12/24 Uber (UBER) 1250 August $65 puts sell to open $4.96
11/12/24 Uber (UBER) 1900 August $509 puts also sell to open 1.31
11/12/24 Sofi (SOFI) buyer 6000 September $17 far OTM calls $2.41 offer
11/12/24 Sofi (SOFI) also 8400 June $18 calls buy $1.56 offer
11/12/24 MicroStrategy (MSTR) opening sales of 775 June $700 max strike calls for $55.70 to $53.95
11/12/24 Coinbase (COIN) 500 Feb $240 puts sold to open near $16.50
11/12/24 Coinbase (COIN) 22,000 Feb $320 calls bought $50 as more of the $230 adjust
11/12/24 Berkshire Hathaway (BRK.B) buyer 300 September $450 calls for $50.80
11/12/24 AstraZeneca (AZN) 8980 Dec 27th (W) $60 puts sell to open 0.79
11/12/24 Apple (AAPL) buyer 1000 Dec 27th (W) $225 calls $6.15
11/12/24 Taiwan Semi (TSM) with 10,000 Dec 13th (W) $200 calls buying $4.90 to $5.75
11/12/24 Twilio (TWLO) 500 Feb $105 calls bought aggressively $6.10
11/12/24 Nvidia (NVDA) massive adjustments rolling the 93,340 Dec $130 calls to buy 93k of the Feb $148 calls at $16.98
11/12/24 ServiceNow (NOW) with 250 March $1260 calls bought $19.20 to $20
11/12/24 Advanced Micro (AMD) 1500 May $115 puts sell to open $4.90
11/12/24 Salesforce (CRM) 950 March $300 puts sell to open $9.60
11/12/24 GoDaddy (GDDY) seeing 700 Jan $175 calls bought today for $1M
11/12/24 Constellation Energy (CEG) opening sale of 2600 Jan $195 puts at $3.20
11/12/24 Constellation Energy (CEG) buyer 1000 Nov $225 calls $4.99
11/11/24 Russell 2000 ETF (IWM) large buyers of 4000 Nov 29th $244 calls at $3.80
11/11/24 Ark Innovation ETF (ARKK) sees 12k Jan $60/$65 call spreads buy at $1.54 as the $55 calls adjust higher from Friday
11/11/24 Ark Innovation ETF (ARKK) also seeing 4800 Jan $70 calls bought at $1.10 to $1.30
11/11/24 Ark Innovation ETF (ARKK) opening sale 1500 June $58 puts for $6.10
11/11/24 Oil Services ETF (OIH) with 9500 Jan $285 puts buying $8.30 to $8.70
11/11/24 Consumer Discretionary ETF (XLY) buyer 1500 January $225 calls $5.14
11/11/24 Gold ETF (GLD) sees 4000 June $275 calls buy for $3.89 and sells to open 8000 of the June $200 puts at $0.54
11/11/24 Tesla (TSLA) seeing size lot opening sales of Jan $340 puts with 3000X trading
11/11/24 Tesla (TSLA) 2500 Feb $275 puts sell to open $12.40 adjusting $225 short puts
11/11/24 Tesla (TSLA) 3500 June $630 calls buying this afternoon $12.55 to $12.95
11/11/24 Tesla (TSLA) 2500 June $300 puts sold $34
11/11/24 Wynn Resorts (WYNN) buyers of 1500 Feb $90 calls at $4.20 to $5.45
11/11/24 Shopify (SHOP) with 1000 June $90 calls bought up to $15.50
11/11/24 Shopify (SHOP) into earnings seeing buyers 3000 Dec $100 calls up to 3.90
11/11/24 Shopify (SHOP) also opening sales of 1500 Dec 6th $87 puts at $5 to $4.80, confident bull into earnings
11/11/24 Spotify (SPOT) buyer 1000 January $430 calls $21.55 to $21.80 into earnings
11/11/24 Cava Group (CAVA) December $155/$180 call spreads active 1850X into earnings tomorrow
11/11/24 Schlumberger (SLB) with 2200 March $37.50 ITM calls buying at $7.55 to $7.80
11/11/24 Schlumberger (SLB) also 10k January $47.50 calls bought at $1.05
11/11/24 EQT (EQT) block of 3000 March $55 calls bought $0.72
11/11/24 Coinbase (COIN) buyers 1500 Jan $330 calls at $33 to $35
11/11/24 Coinbase (COIN) seeing the 8875 Nov $270/290 call spreads adjust up to buy 8875 of the $325/$345 call spreads at $3.41
11/11/24 Coinbase (COIN) seeing the large whale adjust with 12,715 Feb $320 calls buying $54, adjusting the $230 calls
11/11/24 Coinbase (COIN) also buyers of 1250 Dec 2025 $350 calls at $91.65 as March calls adjust
11/11/24 Affirm (AFRM) early buy 1000 December $40 calls
11/11/24 Upstart (UPST) buyer 1000 January $82.50 calls $12.25 to $12.55 offers
11/11/24 Sofi (SOFI) buyer 3000 June $20 calls $1.09
11/11/24 Sofi (SOFI) 1975 Sept $17 calls bought $2.31 offer
11/11/24 Sofi (SOFI) also with 7500 Dec $13 puts sell to open $0.56 bids
11/11/24 Goldman Sachs (GS) 1200 Jan $680 calls bought $3.67 to $3.80
11/11/24 MicroStrategy (MSTR) max strike Dec $550 calls bought 1700X for $900K
11/11/24 JP Morgan (JPM) 1175 April $215 puts sell to open 4.75
11/11/24 Visa (V) buyer 1700 December $320 calls $3.52
11/11/24 Shift4 Payments (FOUR) large buy of 1460 Dec $115 calls at $3.20 as the Nov $95 calls adjust
11/11/24 Insmed (INSM) 4000 Jan 2026 $60 puts sell to open $5.88 as some Jan 2025 short puts adjust
11/11/24 Vertiv (VRT) large opening sale of 1500 Jan 2026 $130 puts at $26.99 as the $110 short puts adjust up
11/11/24 Quanta Services (PWR) buyer of 1700 Dec $340 calls $9.90 as the $320 calls adjust again
11/11/24 Salesforce (CRM) buyers of 1000 Feb $370 calls at $9.50 to $11
11/11/24 Salesforce (CRM) also seeing 1000 Feb $430 max strike calls buying at $2.73 to $3
11/11/24 Palantir (PLTR) 3750 January $49 puts sell to open 1.10
11/11/24 Palantir (PLTR) buyers of 5000 Jan $80 calls at $0.80 to $1.20
11/11/24 Palantir (PLTR) also 3k Sept $80 calls bought $7.83 as April $55 calls adjust up and out
11/11/24 Marvell Tech (MRVL) block 6700 Jan $75 puts sold to open $1.37
11/11/24 Nvidia (NVDA) 1325 Dec 6th (W) $146 calls bought $9.50 to $9.55
11/11/24 Nvidia (NVDA) large buyers for 7200 Dec $172 calls at $2.45 offer sweeps, earnings next week 11/20
11/11/24 Astera Labs (ALAB) 1000 Jan $105 calls bought $6 to $7.20
11/11/24 Broadcom (AVGO) 3500 January $148 puts sell to open 2.66
11/11/24 American Superconductor (AMSC) spreads selling 900 Jan $30 puts to buy $36/$45 call spreads 900X
11/11/24 American Superconductor (AMSC) sees 2500 Dec $40 calls bought at $3.20 to $4
11/11/24 Advanced Micro (AMD) massive opening sale 5000 Feb $145 puts for $11.60
11/11/24 Google (GOOGL) opening seller of 500 Nov 29th $180 puts at $3
11/11/24 Twilio (TWLO) with 1000 February $110 calls bought for $3.90
11/11/24 DocuSign (DOCU) 800 March $85 calls bought $6.63
11/11/24 Digital Realty (DLR) 2000 Dec $165 puts sell to open 0.60
11/11/24 Constellation Energy (CEG) 1500 Jan $200 puts sell to open 3.35