***NOTE: THERE WILL BE NO MIDWEEK VIDEO THIS WEDNESDAY, NOVEMBER 25TH DUE TO THE THANKSGIVING HOLIDAY IN THE US***

Not much has changed over the past week. The major indexes continue to act well and they are consolidating sideways to digest the strong week of the US election. As I’ve mentioned recently, my biggest concern is the high levels of bullishness found in several sentiment indicators. Please keep in mind that sentiment is a secondary measure to the price action of leading stocks. Also, higher levels of bearishness works much better for overall market timing than higher levels of bullishness. High bullishness doesn’t mean the market can’t go higher or that we have to drop significantly either. It just means that the market won’t make it easy for people and that it might continue sideways with some added volatility to “shake out” or “wear out” many market participants. To deal with this possible increase in volatility, I suggest using smaller positions to help promote calm trading and so you don’t get constantly stopped out. I continue to lean bullish and the increasing number of setups is a constructive sign. Just remember to be patient and give your stocks a little time to work. I want to wish all the members a Happy and healthy Thanksgiving. See you on Sunday, November 22nd at 11AM EST for the next webinar.

Unusual Option Activity:
11/20/20 Sea Limited (SE) size opening sale 1080 January 2022 $175 puts for $39.60
11/20/20 Etsy (ETSY) buyer 1000 March $160 calls $12.60 offer
11/20/20 Tesla (TSLA) with 2000 Dec. 24th (W) $540 calls opening as the Dec. $515 calls adjust.
11/20/20 Tesla (TSLA) also today with 1300 June 2021 $525/$360 bull risk reversals opening, adjusting out of January risk reversals
11/20/20 Pinterest (PINS) opening sale 5000 January $60 puts $2.92
11/20/20 PayPal (PYPL) flagging intraday, 4500 next week $195 calls active
11/20/20 Twilio (TWLO) seeing large buying 2500 next week $310 calls $5.30 offer
11/20/20 Snap (SNAP) some Apr $55 calls hot here and 4500 next week $43 calls
11/20/20 Snap (SNAP) January $50 calls trading 18,200X vs. OI of 21,468 with buyer flow all morning
11/20/20 Mongo-DB (MDB) opening sale 300 December $270 ITM puts $22.30, earnings 12-10
11/20/20 S&P 500 ETF (SPY) over 50,000 Dec. 4th (W) $370 calls bought $0.63 to $0.66
11/20/20 Atlassian (TEAM) size Jan 2022 and Mar 2021 calls opened this week with Nov and Dec adjusting
11/20/20 Atlassian (TEAM) with 950 March $210 calls being bought $19 to $21.90, and 6000 March $170 and 1650 March $200 calls opened this week
11/20/20 Square (SQ) with 1,500 December 4th (W) $200 calls bought up to $6.55
11/20/20 Micron (MU) with 1000 April $60 puts being sold to open for $5.60
11/19/20 Google (GOOGL) with a $7M buy of 300 February $1550 calls $247.75 to open
11/19/20 Inmode (INMD) the December $40 calls active with buyers up to $5.50 late day, 925X
11/19/20 DraftKings (DKNG) buyer 3000 May $70 calls $4 and sells 2000 of the $75 calls at $3.10
11/19/20 Zillow (ZG) with 400 December $115/$130 call spreads bought to open with the $100 puts sold
11/19/20 Cloudflare (NET) earlier with 2500 next week $65 calls bought near $2.60
11/19/20 Translate Bio (TBIO) opening sale of 400 May $17.50 puts for $4.30 to $4.20, an early-stage mRNA vaccine company that has gotten a lift recently from Moderna and Pfizer data
11/19/20 Adobe (ADBE) with 1000 Dec. 4th (W) $450/$460 call spreads bought for $6.80
11/19/20 Arcturus (ARCT) IV running higher here with December $60 and $65 calls active with sweep buyers
11/19/20 Snowflake (SNOW) with 400 February $225 puts sold to open this morning from $15.80 to $15.60, strong week ahead of 12-2 earnings
11/19/20 Unity Software (U) flagging near new highs and 225 February $100 puts sold to open toady for $12.40 to $11.90
11/19/20 Semiconductor ETF (SMH) with 8500 January $205 calls opening $5.30 as the $195 calls adjust
11/19/20 Pinterest (PINS) buyers of 2500 Dec. 4th (W) $70 calls this morning w/ bullish Loop Capital note
11/19/20 Tesla (TSLA) 1300 Dec. 4th (W) $570 calls with buyers $10.20 to $10.50 for 1200X early
11/18/20 Amazon (AMZN) size afternoon buys of December $3100 calls to open $124 to $128 with 1000X trading on the day

Topics covered:
1) 0:00 Announcements
2) 1:00 Quick comments and Thanksgiving and Gratitude
3) 3:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
4) 12:45 Stock Review – Mega Caps: AMZN, AAPL, MSFT, TSLA, CRM, QQQ (ETF)
5) 17:00 Stock Review – Semiconductors/Software: NVDA, AMD, MTSI, SMH (ETF), BL, FIVN, NET, CRWD, ZS, OKTA, TWLO
6) 22:20 Stock Review – Medical Products/Biotech: SWTX, TPTX, NVTA, PSNL, TWST, SWAV, NARI, KALV, RACA, TXG, PGNY, NVCR, ALGN, LUNG
7) 32:30 Stock Review – General Ideas/Commentary: SNAP, PINS, SQ, PYPL, JD, BLK, KKR, AAXN, CRNC, TDOC, LAD, Z
8) 37:10 Current Setups – NVTA, AMD, CRWD, INMD
9) 39:10 Conclusion/Summary