Topics covered:
1) 0:00 Announcements
2) 1:00 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:05 Stock Review – Mega Caps: AMZN, MSFT, AAPL, TSLA, GOOGL, SHOP, ETSY, QQQ (ETF)
4) 14:00 Stock Review – Software: CRWD, OKTA, ZS, APPS, TWLO, NET, MGNI, SAIL, DOCU
5) 17:00 Stock Review – Semiconductors: AMD, NVDA, AXTI, MRVL, TSM, LSCC, UCTT, COHU, BRKS, IIVI
6) 21:20 Stock Review – Medical Products/Biotech: NVCR, ALGN
7) 24:00 Stock Review – General Ideas/Commentary: LL, FND, FLGT, EXPI, SQ, AAXN, Z
8) 30:50 Current Setups – DDOG, FSLY, ZM, AYX
9) 35:40 Conclusion/Summary

Market Summary:
As I mentioned in last weekend’s video, I am staying bullish and constructive on this market into year-end for the following reasons: Strong indexes, little distribution, the Fed, seasonality, and stocks continue to act well. So far this week, the S&P is up over +1.0% and the Nasdaq Composite is up over +2.25%. Please keep in mind this is a strong market. I’m simply trying to take advantage of the seasonality but that doesn’t mean you forget your rules and your discipline. You still want to look for strong entries, do not chase extended stocks, and stick to a loss cutting discipline when stocks break down.

I’m pleased to hear that many members are making great progress. For those that are struggling, please be patient and get your mind straight before you approach trading. Also, learn to take the good with the bad. In other words, there are some days when the general market will be up and your stocks will be down and vice versa. This is due to sector rotation, which is a great sign of a healthy bull market. One way to participate in sector rotation is to own some general market ETFs such as SPY, QQQ, IWM, or DIA. Again, remember to be patient. Over the long run, strong growth stocks are your best bet for achieving consistently strong returns. Thank you and good luck for the remainder of the week!

Unusual Option Activity
12/16/20 Penn (PENN) with 7500 January $85 calls bought $7.95
12/16/20 Tesla (TSLA) with 12,500 March $600 calls active opening as January $400 adjust out and up
12/16/20 Z-Scaler (ZS) 500 Jan 2022 $180 calls with buyers for around $2.2M
12/16/20 Lemonade (LMND) buyer of the December 31st (W) $100/$115 call spread 1300X for $3.30
12/16/20 Stitch Fix (SFIX) with 2000 January $70/$55 bull risk reversals opened this morning
12/16/20 Twilio (TWLO) with 500 of next week’s $360 calls bought up to $6.80
12/16/20 Alteryx (AYX) real nice strength today, name written up few weeks ago with those May 150/90 bull risk reversals
12/16/20 Workday (WDAY) size buyers coming in for 2700 March $230 calls $18.30 to $18.85
12/16/20 Celsius (CELH) with 900 April $40 calls being bought $6.70+
12/16/20 Dynatrace (DT) with 1400 February $41 calls bought this morning from $3.40 to $3.80
12/16/20 Dynatrace (DT) also 1300 Feb $43 puts being sold to open
12/16/20 Big Commerce (BIGC) buyers of 470 January $60 calls for $13 to open today
12/16/20 Grow Generation (GRWG) with 625 April $50 OTM calls bought for $3.90 to $4 today, large Dec. 31st (W) spread late yesterday
12/16/20 PayPal (PYPL) Dec. 24th (W) $240 calls hot off the open up to 4500X already
12/15/20 Lumentum (LITE) with 700 December 24th (W) $90 calls bought $4.80 today
12/15/20 Microsoft (MSFT) afternoon highs seeing IV rise late with 10,000 February $215 calls bought $10.05 to $10.46
12/15/20 Microsoft (MSFT) also seeing 6500 Jan. 29th (W) $232.50 calls open today near $2.60
12/15/20 II-VI (IIVI) 780 April $75 calls being bought $7.10 offer to open.
12/15/20 II-VI (IIVI) also seeing 1300 Jan $80 calls bought again today, a block earlier at $1.45 and now one at $1.50. IIVI 1000 Jan $85 calls bought $0.90
12/15/20 NASDAQ (QQQ) interesting play today with January 2022 $370/$410/$450 call butterfly opening 2000X4000X2000, max profits is NASDAQ gaining 34% by Jan. 2022
12/15/20 Zillow (Z) spreads buys 1500 January $135 calls near $9.15 and selling 2400 of the February $155 calls near $7.10
12/15/20 Advanced Micro (AMD) late morning buyers of 3500 June $97.50 calls to open $14.20 to $14.60
12/15/20 Advanced Micro (AMD) June 97.50 calls are up over 6500X
12/15/20 Invitae (NVTA) the March $30 puts being sold to open 2600X for $0.80/$0.75
12/15/20 DataDog (DDOG) 1000 Dec. 31st (W) $110 calls trading with this breakout, same expiration where NET, FSLY calls been accumulating
12/15/20 Square (SQ) with 500 June $210 puts sold to open for $27.30, around $1.35M
12/15/20 Snowflake (SNOW) with 2000 next week $350 calls
12/15/20 Advanced Micro (AMD) buyer 1000 Jan 29th (W) $120 calls $2.01 offer
12/14/20 Zoom (ZM) buyer of 1000 January 22nd (W) $400/$450 call spreads late day
12/14/20 Halozyme Therapeutics (HALO) with 500 January $42 calls bought for $2.55 as the December $30 calls adjust higher
12/14/20 Advanced Micro (AMD) a large trade closed 5500 February $87.5 calls $12.38 and bought 8,250 of the $100 calls at $6.70.
12/14/20 Advanced Micro (AMD)also seeing 1500 January 2022 $90 puts sold to open down to $17.85 today
12/14/20 Advanced Micro (AMD) buyer of 3900 December 31st (W) $101 calls paid $1.21 adjusting out of Dec. $103 while the Dec 31st (W) $100 calls are trading 16,000X
12/14/20 Anaplan (PLAN) buyers of the March $70 calls, 1500X, between $7.97 to $8.14 as some December calls adjust
12/14/20 Tesla (TSLA) moving to highs with 11,000 January 22nd (W) $760 calls opening as Dec. 24th (W) $680 adjust
12/14/20 TSLA also seeing January 22nd (W) $750 calls open 11,160X as Dec. 24th (W) $660 adjust, look to be extending buy-writes of former short calls
12/14/20 Zillow (Z) large opening sale of 6,000 January 2023 $90 puts for $14.50 in a stock replacement
12/14/20 Unity (U) pulling back a bit and a buyer of 600 January $210 calls for $3.95 to open
12/14/20 Biotech ETF (XBI) 1200 Jan $160 OTM calls bought $2.35 offer with M&A heating up
12/14/20 Jumia (JMIA) with 2,000 January $39 calls bought today around $5.00 to $5.15
12/14/20 Datadog (DDOG) with 400 September $110 calls opening today $16.70 to $17.35
12/14/20 Cloudflare (NET) buyer of 1100 February $95 calls for $6.15 to $6.20
12/14/20 Cloudflare (NET) 3500 Dec. 31st (W) $100 OTM calls bought $1.05 to $1.10 in large lots
12/14/20 Cloudflare (NET) also with 1,335 January $105 calls bought for $1.75
12/14/20 Seattle Genetics (SGEN) buyer 1000 January $230 calls $2.80 to $3
12/14/20 Twilio (TWLO) trading $1.8M in December $360 calls 3000X in early action after hot call buying in Dec. last week ahead of its big move