Topics covered:
1) 0:00 Announcements
2) 1:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:50 FOCUS LIST: NVDA, ISRG, META, VRT, TSM, ONON, TSLA, PLTR, AVGO
4) 11:55 Stock Review – Software: IGV (ETF), NOW, APP, MSFT, PANW, FTNT, CRWD, CYBR, RBRK, CRM, DDOG, DOCS, TWLO, NET, DAVE, INOD
5) 17:45 Stock Review – Semiconductors: SMH (ETF), SMTC, MRVL, ALAB, AAOI
6) 20:05 Stock Review – Biotech and Medical Products: XBI (ETF) NVO, TARS, NAMS, NTRA
7) 21:15 Stock Review – Others/General Ideas/Commentary: VST, CEG, NRG, BE, WIX, CLS, XMTR, HON, Z, FOUR, RKLB, LUNR, NFLX, GEV, EXPE, GEO, YPF, AXON, SPOT, BROS, SHAK, COIN, MSTR, DECK, RDDT, HOOD, TW
8) 28:35 Conclusion/Summary

Market Summary:
I always like to approach the market with an open mind and look at both the positives and the negatives. Positives: 1) The Nasdaq Composite and S&P 500 are still above their 50-day moving averages. 2) Many of the growth leaders are still in strong uptrends and above their key moving averages (I review many of them in this video). 3) Some sentiment measures are starting to show fear. Negatives: 1) Sentiment being fearful comes from the biggest negative which is that the overall market breadth is weak. The NYSE Composite, Russell 2000 (IWM), and MidCap 400 (MDY) are all below their 50-days. 2) The Nasdaq Composite has seen 5 distribution days in the past 14 trading days.

What’s the conclusion from all this? I’m doing my best to stick with the leading growth winners and cut losses on any of my weaker positions. I’m constantly “weeding out” my portfolio and sometimes replacing positions with the stronger relative strength names, especially the ones that appear during pullbacks. Personally, I still think the market can grind higher into mid-January, but as always, I will take this day-by-day. What you should do depends on your timeframe, risk tolerance, and overall investment plan. I do my best to give you transparency into what I’m doing, but I always encourage members to make their OWN decisions based on your personal situation. I will posted my 2025 Preview Video by this Wednesday, January 1. I am pleased that the two 2024 Preview Videos were very accurate this past year, especially because most Wall Street strategists were expecting a flat year this past year. Thank you and enjoy the remainder of your weekend.

Unusual Option Activity:
12/27/24 Nasdaq 100 ETF (QQQ) buyers of 2600 June $620 calls at $2.07 to $2.22
12/27/24 Russell 2000 Growth ETF (IWO) unusual buyer of 1000 May $350 calls at $2.10 to $2.20
12/27/24 Gold ETF (GLD) sees a block of 2500 Jan 2027 $280 calls sell to open at $16.51
12/27/24 Gold ETF (GLD) with 1500 Sept $245 calls sell to open at $13.46
12/27/24 Gold ETF (GLD)also 5000 Jan 31st $244 calls sell to open $3.35
12/27/24 Silver ETF (SLV) large opening sale of 5500 August $28 calls at $2.06
12/27/24 Russell 2000 ETF (IWM) 1000 Jan 2027 $180 puts sold to open at $8.20
12/27/24 Healthcare ETF (XLV) with 1500 June $143 puts sold to open at $6.58
12/27/24 Uranium ETF (URA) with 3000 Jan 2027 $27 puts sold to open for $4.45
12/27/24 Uranium ETF (URA) also 1000 Feb $30/$26 bull risk reversals opening at $0.35 credit
12/27/24 Mondelez (MDLZ) with 300 Jan 2026 $50 calls bought $12
12/27/24 Home Depot (HD) seeing buyers of 2200 Jan $367.50 puts at $1.00 to $1.30
12/27/24 Under Armour (UAA) unusual buyer of 3000 Jan 2027 $22.50 calls at $0.40 with the stock at 8
12/27/24 Under Armour (UAA) 5000 Jan 2026 $15 calls bought at $0.39, and 2500 Dec 2026 $22.50 calls buying at $0.35 offer
12/27/24 Starbucks (SBUX) buyers of 1100 Feb 7th $94 calls at $3.85
12/27/24 Tradeweb Markets (TW) seeing 440 Jan $135 calls bought 2.80 to $3.20
12/27/24 Novartis (NVS) with 600 Feb $90 calls buying at $9.70
12/27/24 United Airlines (UAL) sees 400 Dec 2025 $97.50 puts sell to open at $15.80
12/27/24 Norfolk Southern (NSC) buyer of 400 June $260 calls at $8.46 as March calls adjust
12/27/24 Howmet Aerospace (HWM) buyer of 1000 April $130 calls at $2.20 to $2.25 as Feb $120 calls adjust
12/27/24 Microsoft (MSFT) with 1200 Jan 31st $405 puts selling to open for $3.80 to $3.75
12/27/24 Microsoft (MSFT) also with 1000 August $435 puts sell to open at $30.10
12/27/24 Nvidia (NVDA) over 30,000 Jan. 24th (W) $140 calls buying for $17M
12/27/24 Nvidia (NVDA) 2000 May 210/100 bull risk reversals open for 1.24 credit
12/27/24 Nvidia (NVDA) seeing 52K of next weeks $138/$144 call spreads bought at $1.39 as the weekly’s adjust
12/27/24 Rigetti Computing (RGTI) buyers of 875 May $31 max strike calls at $4.40 to $5.30
12/27/24 Alphabet (GOOG) buyer 2000 Sept 250/260 call spreads
12/27/24 Alphabet (GOOGL) 1000 Jan 31st (W) $200 puts selling to open 12.10 to $11.70
12/27/24 Alphabet (GOOGL) block of 1950 August $190 puts sell to open for $14.70, as the June $180 short puts adjust
12/27/24 Taiwan Semi (TSM) size buyer 3000 Jan 31st (W) $220 calls for $4.14
12/27/24 Amazon (AMZN) with 900 May $180 puts sell to open for $3.80
12/27/24 Broadcom (AVGO) over 1200 Jan 2026 $260 ITM puts sell to open at $47.20 to $47, confident bull into next year
12/27/24 Meta (META) opening sale for 900 August $310 puts at $2.52 bids
12/27/24 Meta (META) also a buyer of 250 Sept $870 far OTM calls at $13.50
12/27/24 Palo Alto (PANW) dip buyers of 800 March $190 calls at $12
12/27/24 Vistra (VST) with 660 July $95 puts selling to open at $5.80
12/26/24 Nasdaq 100 ETF (QQQ) large buy write sold to open 10,000 Jan $540 calls at $3.48
12/26/24 Gold ETF (GLD) large opening seller of 3200 Jan 2027 $275 calls for $18.40
12/26/24 Treasury ETF (TLT) opening sales of 4500 Feb 7th $85.50 calls at $3.05
12/26/24 Tesla (TSLA) early buyers of 4500 April $800 calls at $11.55 to $12.55
12/26/24 Tesla (TSLA) with over 5500 Jan $410 puts selling to open at $10.35
12/26/24 Walmart (WMT) buyer of 500 Feb $82.50 ITM calls at $11.40
12/26/24 Wayfair (W) large opening sale of 1250 Jan 2027 $42.50 puts at $12.45
12/26/24 Uber (UBER) seeing 1000 Jan 31st $62/$72 call spreads bought at $2.39
12/26/24 Chevron (CVX) buyers of 1600 Feb $145 calls at $4.40 offers
12/26/24 QuantumScape (QS) buyer of 4000 August $10 calls at $0.69 up to $0.85
12/26/24 Coinbase (COIN) seeing 2600 next weeks $285/$310 call spreads buy at $4.42 as weekly 300/330 spreads adjust again
12/26/24 Wells Fargo (WFC) buyer of 1250 Jan 2026 $77.50 calls at $6.70
12/26/24 Upstart Holdings (UPST) opening seller of 1100 Feb $60 puts at $5.65 bids
12/26/24 Teva Pharma (TEVA) with 1750 June $23 puts sold to open at $2.18 to $2.08
12/26/24 Novo Nordisk (NVO) opening sales of 750 Sept $85 puts at $7.75 bids
12/26/24 Intuitive Machines (LUNR) with buyers of 2000 Feb $25 calls at $2.25 offers
12/26/24 Micron (MU) opening sale of 6980 Jan 31st $77 puts at $0.70
12/26/24 Micron (MU) buyer of 1250 Jan 2026 $125/$75 bull risk reversals opening for $0.35 debit
12/26/24 Advanced Micro (AMD) opening sales of 1000 Jan 2027 $145 puts at $38.15 as Jan 2026 $160 short puts adjust
12/26/24 ASML Holding (ASML) opening sale of 880 Jan 31st $615 puts at $5.43
12/26/24 Broadcom (AVGO) 1550 March $255 calls bought at $16.60 in a single block, nearly $3M in premium
12/26/24 Broadcom (AVGO) with 2700 Jan 3rd $237.50 calls bought $6.70 up to $8.50
12/26/24 Broadcom (AVGO) also seeing buyers late for 3000 Feb $245 calls at $17.80
12/26/24 Nvidia (NVDA) sweep buyers of 1300 January $137 calls for $7.55 to $7.65
12/26/24 Nvidia (NVDA) also some buyers of 1900 Jan $139 calls at $6.30
12/26/24 Atlassian (TEAM) large buyer for 7500 March $230 ITM calls at $39.70 for nearly $30M
12/26/24 Apple (AAPL) buyers of 1800 April $280 calls at $5 to $5.60
12/26/24 Apple (AAPL) also buyers of 2700 July $270 calls at $14.50 to $15.35
12/26/24 Rigetti Computing (RGTI) seeing 2500 May $7.50 puts sell to open at $1.75
12/26/24 Rigetti Computing (RGTI) also some buyers of 1600 Jan $16 calls at $2.25 offers
12/26/24 Synopsys (SNPS) with 450 March $420 deep ITM calls bought at $91.25 to $92.75 as $520 calls adjust, over $4M
12/26/24 IonQ (IONQ) unusual opening sellers of 3500 Jan 31st $50 ITM puts for $9.10
12/26/24 Meta (META) seeing opening sales of 1600 Feb $580 puts at $25 to $24.75
12/26/24 Arm Holdings (ARM) buyers of 1000 March $145 calls at $9.90 to $10
12/24/24 Financials ETF (XLF) large opening seller of 4300 Jan 2027 $48 puts at $3.30
12/24/24 Nvidia 2x Bull ETF (NVDL) seeing buyers of 1200 Feb $72 calls at $10.00 to $10.40
12/24/24 Technology ETF (XLK) sweep buyers of 3000 Feb $230 puts at $3.40 offers
12/24/24 Energy ETF (XLE) buyer of 3600 Jan 31st $88 calls at $1.11
12/24/24 Tesla (TSLA) 2500 June $930 calls bought for $3M, 3500 June $910 calls bought $4.5M
12/24/24 Tesla (TSLA) 5000 Dec 2025 800/900 call spreads bought
12/24/24 Uber (UBER) 1000 August $47.5 puts sold to open 2.11
12/24/24 Wynn Resorts (WYNN) 500 Feb $100 ITM puts being sold to open
12/24/24 Amgen (AMGN) 1250 March $290 calls sold to open 3.30 to 3.10
12/24/24 Arcutis Biotherapeutics (ARQT) 3750 Jan $15 calls bought at $1.25
12/24/24 Arcutis Biotherapeutics (ARQT) also buys the $20 calls at $0.30 and sells 5000 of the Feb $12.50 puts at $0.71 in spreads
12/24/24 Intuitive Machine (LUNR) seeing buyer 1000 June 15/25 call spreads
12/24/24 Palantir (PLTR) 2500 March $90 calls buying for $2.6M
12/24/24 Nvidia (NVDA) buyer 1000 Jan $137 calls 8.80 to 8.85
12/24/24 Nvidia (NVDA) opening sale 1000 April $155 puts $22.36
12/24/24 Nvidia (NVDA) 2000 July $165 puts ITM sell to open 33.56
12/24/24 Broadcom (AVGO) 1250 April $300 calls sold to open 6.70 to 6.50
12/24/24 Broadcom (AVGO) massive buy 6000 March $235 calls $24.70
12/24/24 Apple (AAPL) 1450 March $265 puts sell to open ITM 13.30
12/24/24 Reddit (RDDT) sees 300 May $175 calls bought $36
12/24/24 Cadence Design (CDNS) opening sellers of 900 May $335 calls at $17 to $16.80
12/24/24 Axon Enterprise (AXON) opening sales of 220 March $640 ITM puts at $62.40 to $60.30
12/24/24 Meta (META) 1380 March $620 calls bought up to $39.40 looking to add to OI
12/24/24 Constellation Energy (CEG) buyer of 700 March $210 puts at $11.45 as Feb $230 puts adjust
12/23/24 S&P 500 ETF (SPY) buyers of 1000 June 2026 $615 calls at $50.75 to $51.50
12/23/24 Biotech ETF (XBI) opening sale of 1000 Jan 2027 $75 puts for $5.15
12/23/24 Financials ETF (XLF) 2750 June $49 puts sold to open at $2.40
12/23/24 China ETF (FXI) with 2300 Jan 2026 $31 calls selling to open at $3.60 bids
12/23/24 Tesla (TSLA) buyers of 3000 May $770 calls for $3.7M
12/23/24 Tesla (TSLA) also the $860 calls trading 7000X being sold, likely to close
12/23/24 Tesla (TSLA) large trade adjusting the Feb $290 ITM calls up to buy 32,000 Feb $380 ITM calls at $77.15
12/23/24 Uber (UBER) buyer of 1050 Jan $63 calls at $1.97
12/23/24 Carvana (CVNA) opening seller of 5000 Jan 10th $260 calls at $2.42 to $2.25
12/23/24 Wynn Resorts (WYNN) with 500 Sept $77.50 puts sell to open at $5.30
12/23/24 Las Vegas Sands (LVS) 3800 Feb $50 puts sold to open near $2.05
12/23/24 Halliburton (HAL) 1500 March $26 puts sell to open 1.58
12/23/24 Occidental (OXY) sees opening sellers of 5600 March $47.50 puts at $2.59 to $2.57
12/23/24 Coinbase (COIN) buyer 10,000 Jan 3rd (W) 287.5/320 call spreads as this week adjust
12/23/24 Citigroup (C) 1000 Feb $75 calls bought $1.05 adjusting Jan calls
12/23/24 Recursion Pharma (RXRX) seeing 3000 Jan 2026 $10/$25 call spreads bought
12/23/24 Eli Lilly (LLY) opening seller of 2500 Jan $825 calls at $11.11
12/23/24 Vertex Pharma (VRTX) opening sale 200 June $420 puts for $40
12/23/24 J&J (JNJ) big sweep buy 12,000 June $155 calls $4.05 to $4.10
12/23/24 Boeing (BA) opening sale 600 April $170 puts $10.22
12/23/24 Micron (MU) buyer of 1100 Jan 2027 $90 calls at $27.25
12/23/24 Micron (MU) buyer 2450 April $100 calls $5.70
12/23/24 ASML Holding (ASML) 900 Jan 24th (W) $635 puts sell to open for $5.05
12/23/24 Qualcomm (QCOM) buyer 2000 Feb 165/185 call spreads
12/23/24 Nvidia (NVDA) sees 1600 Jan 24th $138 puts sell to open at $7.43 as Dec 27th short puts adjust
12/23/24 Nvidia (NVDA) also buyer of 1200 Jan 24th $152.50/$162.50 call spreads at $1.41
12/23/24 Rigetti Computing (RGTI) with 2000 May $16 calls bought $4, also 1700 Feb 20 calls bought $1.80
12/23/24 CrowdStrike (CRWD) 1700 Jan 31st (W) $305 puts sell to open 3.05
12/23/24 Workday (WDAY) 2200 Jan 24th (W) $245 puts sell to open $2.10 to $2.05
12/23/24 Palo Alto (PANW) buyer of 400 Jan 2026 $230 calls at $17.65
12/23/24 Meta (META) large lots buying 1750 March $650 calls at $22.80 to$23.80