Episode 5 of my new podcast: https://www.youtube.com/watch?v=lTyFuhVlf8A
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) 9:30 FOCUS LIST: NVDA, ISRG, META, VRT, TSM, ONON, TSLA, PLTR
4) 18:15 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, FTNT, CRWD, CYBR, CRM, DDOG, DOCS, RBRK, ML, INOD
5) 22:35 Stock Review – Semiconductors: SMH (ETF), AVGO, SMTC, AMSC, ALAB
6) 25:30 Stock Review – Biotech and Medical Products: XBI (ETF) TARS, SWTX, CRNX, NTRA, WGS
7) 28:50 Stock Review – Others/General Ideas/Commentary: OKLO, BE, VST, CEG, NRG, GEO, YPF, CLS, UPST, AFRM, TXRH, CAVA, COIN, MSTR, WIX, NFLX, RKLB, LUNR, FOUR, SPOT, DECK, EXPE, HOOD, FTAI, HWM, AXON, Z
8) 39:00 Conclusion/Summary

Market Summary:
The price action of the market is strong and many growth leaders continue to act well. In this video, I reiterate many of the themes I’ve discussed recently: The overall strong market backdrop, take advantage of it but don’t get complacent, and remember to stay disciplined with your trading. I’m here to remind you not to get too high when we’re in a strong market, and not to get too low when we’re in a correction.

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 this week.

Unusual Option Activity:
11/29/24 S&P 500 ETF (SPY) seeing a large trader open 1300 December 2025 $670/$585 bull risk reversals at $8.29 credit, no risk until 585 where they would be willing buyers
11/29/24 Small Cap Bull 3X (TNA) large buyer of 2000 Jan 2026 $70/$80 call spreads for $2.50
11/29/24 China Bull 3X ETF (YINN) with 38,000 Jan 2026 $27 calls being bought for $34M
11/29/24 Roblox (RBLX) 2100 Feb $45 puts being sold to open
11/29/24 Tesla (TSLA) buyers of 4500 Jan $495 far OTM calls at $1.86 to $2.29 offers
11/29/24 Tesla (TSLA) also seeing buyers in Jan $465, $475 and $485 calls for 3000X each
11/29/24 Tesla (TSLA) buyers of 4000 August $650 calls at $12.40 to $12.60, over $5.5M
11/29/24 Tesla (TSLA) also size buyers of 3000 Aug $700 calls at $11 to $11.60
11/29/24 Tesla (TSLA) buyer 750 August $680 calls $12.35 to $12.50
11/29/24 Tesla (TSLA) also 700 May $470 calls bought $19.80 to $20.50
11/29/24 Tesla (TSLA) large buyer of 3000 Jan $465 calls at $3.15, over 7000x bought on day
11/29/24 Tesla 2X Bull ETF (TSLL) sees large buyers of 7000 March $30 calls at $2.60
11/29/24 General Motors (GM) sweep buyer 1000 Feb $57.50 calls at $3.35 offer
11/29/24 Target (TGT) 1250 Jan 2027 $110 puts sell to open for $11.55
11/29/24 Home Depot (HD) opening seller of 300 March $450 ITM puts at $29.05 to $28.90
11/29/24 Shopify (SHOP) buyer 1000 March $130 calls $7.35
11/29/24 Costco (COST) sees over 350 March $1000 puts sell to open $62 to $59
11/29/24 First Solar (FSLR) opening sales of 500 Jan 2027 $210 puts at $53.68 as Jan $250 short puts adjust
11/29/24 MicroStrategy (MSTR) with 2500 April $600 calls being sold to open down to $108
11/29/24 Teva Pharma (TEVA) buyer 20,000 June $23 calls for $0.33 to $0.55
11/29/24 Teva Pharma (TEVA) also seeing nearly 40,000 June 25/30 call spreads bought
11/29/24 Archer Aviation (ACHR) seeing buyers of 2100 Jan $15 calls at $1.30 offers
11/29/24 Caterpillar (CAT) 400 Feb $360 puts sell to open 4.95 to 4.90
11/29/24 Nvidia (NVDA) buyers of over 12K Dec 13th $137 calls at $3.90 to $4.24
11/29/24 Nvidia (NVDA) also buyers of 6000 of the $138 calls at $3.50 to $3.65
11/29/24 Nvidia (NVDA) 4000 Dec 2025 $138 puts being sold to open near $23.16
11/29/24 Microsoft (MSFT) 10,000 Dec. 13th (W) $420 calls buy $6.65 to $6.70
11/29/24 Taiwan Semi (TSM) buyer 1500 Dec. 13th (W) $185 calls $4 to $4.20
11/29/24 Dell (DELL) 500 Jan. 2027 $90 puts sell to open $9.85
11/29/24 Monolithic Power (MPWR) buyer of 200 Jan $560 ITM calls for $43 to $45
11/29/24 Palantir (PLTR) buyer of 3100 Dec $73 calls for $1.31
11/29/24 On Semi (ON) 2900 March $55 puts selling to open 1.18 bids
11/29/24 HP Enterprise (HPE) 3500 Dec $21.50 calls bought $0.95 offer, earnings 12/5
11/29/24 Constellation Energy (CEG) 1550 March $270 calls bought to open $3.6M as Jan $250 adjust
11/27/24 iShares Bitcoin ETF (IBIT) sees 1100 March $60 calls bought at $6.10
11/27/24 iShares Bitcoin ETF (IBIT) also sees a buyer of 1300 May $63 calls for $7.70 offers
11/27/24 Industrials ETF (XLI) sees 1000 Jan 2026 $150 calls sell to open $9.15
11/27/24 Semi Bulls 3X ETF (SOXL) size buy 7500 Feb $26 calls for $4.59
11/27/24 Semis ETF (SOXX) opening sale 1000 Jan $210 puts 8.60 bids another sign Semis may be bottoming today
11/27/24 China Bull 3X ETF (YINN) size buyer 5000 Jan 2026 $27 calls $9 to $9.20
11/27/24 Ulta Beauty (ULTA) with 1000 June $425 calls sell to open $26.30 to $26, reports next week 12/5
11/27/24 Hims & Hers (HIMS) buyer 1000 Dec $43 calls at $1.95 as $35 calls adjust
11/27/24 Tesla (TSLA) seeing 850 April $330 puts sell to open $41.15
11/27/24 Tesla (TSLA) 2000 Jan 3rd (W) $325 puts sold to open 18.15 bid, adjusting 320 strike
11/27/24 Tesla (TSLA) buyer of 2000 Dec 13th $365 calls at $4.15 offers
11/27/24 Walmart (WMT) 600 Jan 2026 $95 ITM puts sold to open for 9.05
11/27/24 Nike (NKE) opening sale of 1000 Sept $72.50 puts at $5.11, reports 12/19
11/27/24 Valero (VLO) 600 March 130 puts sell to open $5.40
11/27/24 Bloom Energy (BE) nearly 1000 Jan 2027 $37 calls bought $9.40 offers
11/27/24 Bloom Energy (BE) 725 May $35 calls bought for $300K
11/27/24 Bloom Energy (BE) also 1000 Jan 2026 $30 puts sold to open 8.60 to 8.50
11/27/24 Hess (HES) opening sale of 900 June $150 puts at $10.73 as $140 short puts adjust
11/27/24 Robinhood (HOOD) buyer of 2000 Dec 6th $38.50 calls at $1.34 offers
11/27/24 Zillow (Z) block of 3000 Jan 2026 $75 puts sell to open $9.62
11/27/24 Coinbase (COIN) sees 1150 Dec $275 puts sell to open for $10.30 bids
11/27/24 Coinbase (COIN) also seeing some large opening sales of 400 June $400 deep ITM puts for $128.40
11/27/24 Viking Therapeutics (VKTX) seeing 2000 Feb $75/$90 call spreads bought
11/27/24 Teva Pharma (TEVA) opening sale of 2500 June $16 puts at $1.40 as Dec adjust
11/27/24 Teva Pharma (TEVA) buyer 19,000 March 17/22 call spreads for 1.11
11/27/24 AerCap Holdings (AER) 2100 Jan $105 calls opening $1.40 with Dec 100 adjusting
11/27/24 Pentair (PNR) 2000 Jan $115 calls buy $1.73 as Dec 110 adjust
11/27/24 CrowdStrike (CRWD) seller of 2400 Jan $300 puts $3.75
11/27/24 Micron (MU) 5250 Jan 3rd (W) $90 puts sell to open 2.44
11/27/24 Micron (MU) also sees 2700 Dec $87 puts sell to open $1.78
11/27/24 Nvidia (NVDA) 2000 March $126 puts sold $9.74
11/27/24 Taiwan Semi (TSM) sees opening sales of 900 July $145 puts at $6.10 bids
11/27/24 Reddit (RDDT) sees another massive buy of 500 Jan 2027 $145 calls at $54.30
11/27/24 Unity Software (U) 1200 May $22 puts sell to open $3.02
11/27/24 Dell (DELL) 1500 Jan 2026 $110 puts sell to open 13.20 to 13.14
11/27/24 Russell 2000 ETF (IWM) buyers of 1900 Jan 2027 $325 calls at $8.79, spreads vs sales of the $330 and $335 calls
11/27/24 Nasdaq 100 ETF (QQQ) large aggressive buyer of 3700 Jan 31st $520 calls at $7.49
11/27/24 Nasdaq 100 ETF (QQQ) also sees 2000 Dec 27th $535/$475 bull risk reversals for $1.05 credit, no risk until below 475 but cheap shot at year end rally