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) 4:50 FOCUS LIST: NVDA, ISRG, META, VRT, TSM, ONON, TSLA, PLTR
4) 9:25 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, FTNT, CRWD, CYBR, CRM, DOCS, ML, INOD
5) 11:25 Stock Review – Semiconductors: SMH (ETF), AVGO, SMTC, AMSC
6) 12:35 Stock Review – Biotech and Medical Products: XBI (ETF) TARS, SWTX, CRNX, WGS
7) 13:20 Stock Review – Others/General Ideas/Commentary: OKLO, BE, VST, CEG, NRG, GEO, YPF, CLS, TXRH, CAVA, COIN, MSTR, RKLB, LUNR, FOUR, UPST
8) 19:00 Conclusion/Summary

Market Summary:
The Nasdaq Composite bounced off its 21-day around mid-November, and it’s been a strong run over the past 3 weeks. Currently, the index is 3.4% extended from its 21-day, so don’t be surprised to see some form of a consolidation over the near-term. Again, please keep in mind that I always talk in terms of probabilities and that the market can digest its recent gains through price and/or through time. Even if the market pulls back, I’m not expecting anything significant, as the backdrop remains strong. This is where getting strong entry points and knowing your timeframe comes into play.

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. Good luck for the remainder of the week.

Unusual Option Activity:
12/4/24 S&P 500 ETF (SPY) large sales in Feb $590 puts $7.17 5000X
12/4/24 Semiconductors ETF (SMH) seeing 1200 Feb $225 puts sell to open at $4.45 bids
12/4/24 Regional Banks ETF (KRE) see 7500 June $70/$80 call spreads bought at $2.86
12/4/24 Energy ETF (XLE) 26,000 Feb 97/105 call spreads bought w/ Dec spreads adjusting
12/4/24 iShares Bitcoin (IBIT) sweep buyer 1000 March $50 calls $10.60
12/4/24 Biotech ETF (XBI) opening sale of 1000 June $103 ITM puts at $8.63
12/4/24 Tesla (TSLA) buyer 850 May $365 calls $51.40 offer
12/4/24 Tesla (TSLA) 1500 March $430 calls bought here 20.60 offers
12/4/24 Tesla (TSLA) seeing late buys of over 2500 weekly $350 calls at $9.00
12/4/24 Logitech (LOGI) buyer 500 March 87.50 calls $4 offer
12/4/24 Walmart (WMT) buyer 2000 August $110 calls $3.05 offer
12/4/24 GEO Group (GEO) 1500 March 30/20 bull risk reversals open for $2.45
12/4/24 Netflix (NFLX) 300 Jan 10th (W) $905 calls bought $31.50 to $32
12/4/24 Netflix (NFLX) also buyers 600 Feb $990 calls up to $30.10
12/4/24 AppLovin (APP) block 800 May $440 calls sold to open 57.20
12/4/24 CAVA Group (CAVA) 1950 Dec 152.5 / $165 call spreads bought
12/4/24 Starbucks (SBUX) large buy of 2100 Feb $95 ITM calls at $9.54 in a single block for $2M
12/4/24 Shopify (SHOP) buyers of 1750 Dec 27th $120 calls at $1.80 to $2.05
12/4/24 Disney (DIS) buyer 550 Dec 2026 $110 calls for $24.35
12/4/24 Spotify (SPOT) 600 June $600 calls buying $30.55 to $31.05
12/4/24 Bloom Energy (BE) buyers of 3700 Dec 27th $30 calls at $0.90 to $1.05
12/4/24 Robinhood (HOOD) 1500 Sept $40 ITM puts sell to open 8.85
12/4/24 Robinhood (HOOD) buyers of 5000 Jan $55 far OTM calls at $0.46 to $0.49
12/4/24 Robinhood (HOOD) buyer into the close for 2375 June $45 calls at $6.20 in a single block
12/4/24 2X Coinbase ETF (CONL) buyers of 1000 Jan $72/$80 call spreads at $2.00
12/4/24 Schwab (SCHW) buyer 4200 Dec $83 calls 0.82 offer
12/4/24 Upstart (UPST) seeing large buys of 4000 Dec 13th $73 calls at $4.05 to $4.65 offers
12/4/24 Viking Therapeutics (VKTX) buyer 1000 Jan $62.50 calls $2.10
12/4/24 Rocket Lab (RKLB) bullish opening put sales 1000 June $26 at $8.40 bids
12/4/24 Rocket Lab (RKLB) also 1000 June $19 puts sell to open $4
12/4/24 FTAI Aviation (FTAI) buyer 1000 Jan $175/$ 195 upside call spreads for $4.05
12/4/24 Global-E Online (GLBE) large buy of 1350 July $45 calls at $12.75 as Jan $40 calls adjust
12/4/24 Marvell Tech (MRVL) buys of 1100 Feb $120 calls $6.10 to $7.30
12/4/24 Atlassian (TEAM) sees 1300 March $280 calls bought at $24 to $27.10, over $3.5M
12/4/24 Snowflake (SNOW) buyers of 1300 Feb $185 calls at $12.70 to $12.85
12/4/24 Nebius Group (NBIS) buyers of 1500 Jan $26 ITM calls at $7.85 to $8.05
12/4/24 Nvidia (NVDA) 3500 Dec 27th (W) $137 calls with size buyers early $2.8M
12/4/24 Nvidia (NVDA) also big buys in Jan 153 and 154 calls today for over $6M
12/4/24 Nvidia (NVDA) those large weekly call spreads adjusting to buy over 70K Dec 13th $148/$157.50 call spreads at $1.47
12/4/24 Microsoft (MSFT) size buys 5000 June $460 OTM calls $24.10 to $24.15 offers
12/4/24 Amazon (AMZN) buyer 1000 March $235 calls $7.70 offer
12/4/24 Amazon (AMZN) 3500 April $260 calls buying $3.75 offers
12/4/24 Amazon (AMZN) buyers 4000 Jan 3rd (W) $225 calls $3.85 to $4.25
12/4/24 Amazon (AMZN) with 2000 June $230 puts sell to open at $22.66 as 4k of the $210 short puts adjust
12/4/24 Amazon (AMZN) 1000 ITM August $175 calls bought $53.85 to $55
12/4/24 Apple (AAPL) opening sale 1400 March $250 ITM puts $12.50
12/4/24 GoDaddy (GDDY) buyer of 1000 April $240 calls at $4.60 offer
12/4/24 Reddit (RDDT) 1050 Feb $200 calls opening $8.75 with Jan 170 adjusting
12/4/24 Dell (DELL) seeing size buys 2400 June $145 calls $10.30 offers
12/4/24 Salesforce (CRM) 850 Sept $450 calls buy $18.50 offer
12/4/24 MongoDB (MDB) 200 June $340 calls bought 63.70 to 63.80
12/4/24 Palantir (PLTR) 2000 Jan 3rd (W) $66 calls bought $6.20 to $6.25
12/4/24 Google (GOOGL) 1000 Jan 2027 $115 puts sell to open 4.60 bids
12/4/24 CrowdStrike (CRWD) 600 Feb $340 puts sell to open $14.05
12/4/24 Broadcom (AVGO) 2500 next week $170 puts sell to open $6.60, earnings 12-12
12/4/24 Taiwan Semi (TSM) buyers of 4300 Feb $220 calls at $7.90 to $8.05 as Jan $185 calls adjust
12/4/24 Coherent (COHR) buyers 730 February $125 calls $7.70 offers, bullish initiation today
12/4/24 Applied Materials (AMAT) buyer 700 March $190 calls $11.70 in a single lot
12/4/24 Vistra (VST) 500 Jan 2026 $195 puts sold to open for $57.30
12/4/24 Zoom (ZM) 1200 March 77.50 puts sell to open $3.11
12/3/24 Semiconductors ETF (SMH) buyer 1000 Jan 10th (W) $250 calls 8.35 to 8.40
12/3/24 Russell 2000 ETF (IWM) large opening seller of 2000 Dec 2025 $235 puts at $14.50 to $14.48
12/3/24 iShares Bitcoin (IBIT) buyers of 1600 Feb $59 calls at $5.10
12/3/24 iShares Bitcoin (IBIT) also large lots buying 2300 Jan $58 calls at $3.70 offers
12/3/24 Walmart (WMT) 5725 Jan 10th (W) $89 puts sell to open 0.86 as bull flow continues in the name
12/3/24 Target (TGT) 2050 March $135 calls sold to open 6.86
12/3/24 Axon (AXON) 300 Jan $670 calls bought $23.90 to $25.60
12/3/24 Nike (NKE) buyer 10,000 Jan. $90 calls with 10,000 Dec. $75 puts sold, reports 12-19
12/3/24 Genius Sports (GENI) sees unusual opening sales of 355 Jan 2026 $12.50 ITM puts at $3.90
12/3/24 Uber (UBER) trading 1000 March 75/67.5 bull risk reversals
12/3/24 Floor and Decor (FND) 3625 January $95 puts sell to open 0.83
12/3/24 Spotify (SPOT) sees 450 March $520 calls buy at $32 to $32.15
12/3/24 Spotify (SPOT) also buyers of 350 March $540 calls at $24.70
12/3/24 Occidental Petro (OXY) with 1150 March $45 calls bought ITM 6.65 offer
12/3/24 Marathon Petroleum (MPC) buyer of 1000 Jan $160 calls for $4.64
12/3/24 Bloom Energy (BE) 4500 Dec $28 calls bought 1.10 to 1.20
12/3/24 Robinhood (HOOD) spreads 3000X selling June $32 puts to open and buying Feb $45 calls into Investor Day
12/3/24 Schwab (SCHW) 5000 February $72.5 puts sell to open $0.97
12/3/24 Eli Lilly (LLY) 325 Jan 3rd (W) $860 calls bought 13.99 with Dec 775 adjusting
12/3/24 Merck (MRK) 1400 Feb $105 calls sell to open 3.59
12/3/24 GitLab (GTLB) sees 1400 Dec $66/$69 call spreads buy at $1.07 into earnings this week 12/5
12/3/24 Fortinet (FTNT) more bull flow coming in with buyers 4000 Jan $100 calls for $950K
12/3/24 Teradyne (TER) opening sale 5280 Jan 100 puts for 1.34 to 1.30
12/3/24 Teradyne (TER) buyers of 400 April $110 ITM calls for $12.90 to $14.10
12/3/24 ON Semi (ON) 4800 Jan 10th (W) $62 puts sell to open 0.56
12/3/24 Marvell Tech (MRVL) 650 Sept 72.5 puts sold to open 4.45 to 4.40
12/3/24 Broadcom (AVGO) large opening sale of 400 August $170 puts at $21 into earnings next week
12/3/24 Meta (META) 3500 Feb $700 calls bought $13.25 to $13.90
12/3/24 Nvidia (NVDA) buyers of 1450 May $230 far OTM calls at $1.71 offers
12/3/24 Nvidia (NVDA) seeing one of those algo buys across June 2025 calls strikes with 4000+ each in the $158, $159, $160, $161 bought
12/3/24 D-Wave Quantum (QBTS) unusual buyer 5000 July $2 calls for $1.65 in the hot quantum compute space, recent AWS announcement and seeing strong revenue and booking opportunities
12/3/24 Lam Research (LRCX) large opening sale 800 Jan 2026 $82 puts ITM for 13.70
12/3/24 Taiwan Semi (TSM) spread sold 500 July 180 puts to buy 500 of the 220/240 call spreads
12/3/24 Taiwan Semi (TSM) 75,000 Feb $180 calls bought $24.75 adjusting the $195 calls
12/3/24 Dell (DELL) buyer 1350 March $135 calls $8.09
12/3/24 Astera Labs (ALAB) buyers of 625 April $120 calls at $19.30
12/3/24 Astera Labs (ALAB) also 200 of the $130 calls bought at $15.90
12/3/24 Salesforce (CRM) opening sales of 1200 Jan $320 puts at $10.56 to $10.25 into earnings
12/2/24 Nasdaq 100 ETF (QQQ) buyers in Feb $540 calls 6000X for $4.75M
12/2/24 S&P 500 ETF (SPY) buyers in Feb $630 calls 3000X for $1.4M
12/2/24 S&P 500 ETF (SPY) buyers of 4000 Dec 31st $609 calls at $4.28 to $4.54, adjusting some $602 calls
12/2/24 S&P 500 ETF (SPY) with 7000 Dec 31st $595 puts bought at $4.10, cheap year end protection
12/2/24 China A Shares ETF (CHAU) 55,000 May $15 calls bought $2.45 to $2.55
12/2/24 China Bull ETF (ASHR) buyer 5200 Jan 2026 $27 calls $3.40 offer
12/2/24 China ETF (FXI) large buyers of 14,000 Jan 2026 $30 calls at $4.10 to $4.15 in massive blocks
12/2/24 China Bull ETF (CWEB) 2000 July $35 calls bought $7.40 offer
12/2/24 Gold ETF (GLD) block 1250 Sept $240 puts sells to open 8.26
12/2/24 Hims and Hers Health (HIMS) 5000 Dec 31/39 call spreads bought as Dec 27/34 adjust
12/2/24 Tesla (TSLA) with 6000 April $540 calls bought for over $7.5M
12/2/24 Tesla (TSLA) 1375 May $600 OTM calls bought $1.6M
12/2/24 Tesla (TSLA) buyers of 3500 June $650 calls at $12.50 to $12.75 in large lots, over $4.4M
12/2/24 Tesla (TSLA) into close with Dec 13th $375 calls buying at $7.25 to $8.40
12/2/24 Tesla (TSLA) 500 June $305 puts sold to open $29.20, 700 Sept $290 puts sold to open $31.55 to $31.30, 900 August $280 puts sold to open $25.45 to $25.40, 700 Sept $305 puts sold to open $37.90 and 600 June $285 puts sold to open $22.15
12/2/24 TJX Cos (TJX) nearly 2000 Dec $125 calls with buyers up to $3.05
12/2/24 Tapestry (TPR) sees 1900 Feb $65 calls bought at $3.40 to $3.80
12/2/24 Ross Stores (ROST) 1200 Feb $140 puts sell to open 1.25 to 1.20
12/2/24 WingStop (WING) with 1150 Jan $280 puts bought 3.20 to 3.30
12/2/24 Trade Desk (TTD) 575 max strike Jan 2026 $190 calls bought $10.95
12/2/24 Wix.com (WIX) with 1600 April $230/$260 call spreads bought as March spreads adjust
12/2/24 Las Vegas Sands (LVS) 600 June $55 puts sell to open $5
12/2/24 Uber (UBER) opening sales of 1000 Sept $50 puts at $1.26 bids
12/2/24 AppLovin (APP) buyer 700 March $400 calls at $30.80
12/2/24 Bloom Energy (BE) seeing 2000 Jan 2026 $30 puts sold $8.80 ITM
12/2/24 First Solar (FSLR) 1500 Dec 27th (W) $180 puts sold to open 1.50
12/2/24 First Solar (FSLR) sees massive opening sales of 3000 Jan 2027 $130 puts at $14 bids
12/2/24 Coinbase (COIN) 400 August $290 puts selling to open near $60 for $2.4M premium
12/2/24 Wells Fargo (WFC) 2200 Jan 72.50 puts sold to open 1.77
12/2/24 Schwab (SCHW) 5000 Feb 70 puts sell to open 0.62
12/2/24 Citigroup (C) 600 Jan 2026 72.50 puts sell to open $7.60 to $7.50
12/2/24 MicroStrategy (MSTR) late day aggressive buyers of 1500 Dec $425 calls at $33.60 offers
12/2/24 AstraZeneca (AZN) more bull flow today with buyers of 3750 Jan $70 calls at $1.11 to $1.15
12/2/24 Rocket Lab (RKLB) with 2500 June $40 calls bought $5.20 to $5.25
12/2/24 Rocket Lab (RKLB) also sees buyers of 1200 April $23 ITM calls for $6.80 to $7.08
12/2/24 Boeing (BA) 400 Dec 2025 $160 calls bought for $1.1M
12/2/24 Marvell Tech (MRVL) reporting this week and sees 2000 weekly $100 ITM puts sold to open $7.50 to $6.60
12/2/24 Marvell Tech (MRVL) buyer 5000 Dec 13th (W) $103/$115 call spreads into earnings
12/2/24 Workday (WDAY) sees opening sales of 1600 Jan 10th $230 puts at $1.80 to $1.85
12/2/24 Dell (DELL) sees more opening put sales with 800 Jan 2026 $130 ITM puts sold at $22.45 to $22.10
12/2/24 Lam Research (LRCX) 350 June $86 calls bought $5.75 offers
12/2/24 Nvidia (NVDA) 1000 Dec 27th (W) $134 calls bought $8.75 to $8.85
12/2/24 Nvidia (NVDA) also 1370 Jan 3rd (W) $139 calls bought $6.85 to $7.20.
12/2/24 Nvidia 2x ETF (NVDL) opening sale of 1000 Jan 2027 $85 calls at $30.90 bids
12/2/24 GitLab (GTLB) aggressive sweep buyer 1000 July $80 calls $5.40 to $5.60
12/2/24 Microchip (MCHP) 3500 Dec $70 calls buy 1.70 to 1.75
12/2/24 Microchip (MCHP) also with 600 Sept $70 puts selling to open 8.40 to 8.30
12/2/24 Okta (OKTA) aggressive buying of 1845 May $115 far OTM calls into 12-3 earnings at $2.24 offers
12/2/24 Okta (OKTA) 400 June 115 calls bought $3.50 offer
12/2/24 Okta (OKTA) 750 Jan 2027 $45 puts sell to open $3.50
12/2/24 Vertiv (VRT) 5555 January 2026 $155 calls bought $22.90 with June $130 adjusting out and up
12/2/24 DataDog (DDOG) seller 3000 Jan $150 calls for $8.57
12/2/24 IonQ (IONQ) buyers of 2000 April $50 calls at $5.35 in large lots
12/2/24 IonQ (IONQ) 1200 Dec 27th $34 calls bought at $4.25 and sells the $32 puts at $2.93 for bull risk reversals
12/2/24 Amazon (AMZN) sees 800 May $200 puts sell to open at $10.10
12/2/24 Apple (AAPL) buyers of 1100 Jan 2027 $175 deep ITM calls at $85 to $85.25, over $9M
12/2/24 Accenture (ACN) 375 Jan $355 puts sell to open 11.80 to 11.70
12/2/24 Zoom (ZM) opening sale 1000 May $87.50 ITM puts for 8.95
11/29/24 Tesla (TSLA) large buyers into the close of over 6000 April $500 calls at $12 to $12.60
11/29/24 Tesla (TSLA) late day opening sellers of 1700 August $270 puts for $24.30 to $23.50
11/29/24 Tesla (TSLA) also buyer of 1500 June $580 calls at $12.70 to $12.80
11/29/24 Rocket Labs (RKLB) 2000 Dec. 13th (W) $28 calls bought $2.05
11/29/24 Shopify (SHOP) with 5000 Dec. 6th (W) $117 calls bought as lower strikes adjusted up
11/29/24 Nvidia (NVDA) buyers of 3750 Jan 10th $132 ITM calls at $11.85