Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 18:50 Stock Review – Mega Caps: AMZN, MSFT, AAPL, NVDA, SHOP, NFLX, GOOGL, TSLA, QQQ (ETF)
4) 24:15 Stock Review – Software: CRWD, ZS, OKTA, SAIL, FVRR
5) 25:35 Stock Review – Semiconductors: TSEM, COHU, LITE, IIVI, TSM, SMH (ETF)
6) 27:30 Stock Review – Medical Products/Biotech: CDNA, NARI, STAA, INMD
7) 28:55 Stock Review – General Ideas/Commentary: PYPL, SQ, LAD, CHGG, FCX, FND
8) 31:20 Current Setups – AMD, ADPT
9) 34:30 Conclusion/Summary

Market Summary:
As many of you know, I like to keep an open mind when interpreting the market. I look at the positives and the negatives and adjust my investment levels accordingly. Right now, the biggest positive is the strength of the major indexes. They all closed at (or near) new all-time highs on Friday. Other positives include: there’s very little distribution, seasonality, sector rotation, and the low interest rate environment provided by the Fed. The biggest negative is that I am finding very few setups because many stocks have already run (by setups, I mean safe entry points). That doesn’t mean the market has to drop, it just means that I’m not going to force providing ideas or buying anything that is not near a safe entry point. Also, another positive is that many of the Mega Cap stocks have not participated in the rally over the past few months. It’s possible we can continue to see sector rotation. For example, while some semiconductor and software stocks are digesting their recent gains, money could rotate into some of the Mega Caps (discussed in this video), especially because they tend to run ahead of their earnings which are later this month.

Bottom line: There’s insane resilience and liquidity right now. The low interest rate environment provided by the Fed combined with the amount of liquidity they are pumping into the system in unprecedented. This situation has never been seen before in market history. The way I am handling it is to continue my strategy of taking profits into strength and having cash to put to work during the inevitable pullbacks. How you handle it should be based on your own timeframe and risk tolerance. I am currently 60% invested, but I never want people to trade like me. I encourage members to use the blueprint and teachings explained in all these videos and use whichever parts you like to form your own trading/investing personality. If you have any questions, you can ask me during the next webinar on Sunday, January 10th at 11AM EST. Enjoy the rest of your weekend!

Unusual Option Activity
1/8/21 Facebook (FB) buyer of 4,800 Jan. 2023 ITM $220 calls up to $79.15 as the January $110 calls adjust out, a $39M position
1/8/21 ADC Therapeutics (ADCT) with 3,000 July $35 calls bought for $6.70 this afternoon to open, unusual size in the name.
1/8/21 Revolution Medicines (RVMD) large buyer of 1,500 June $45 calls for $8.20
1/8/21 Iovance (IOVA) with 2,500 June $60 calls opening for $4.50 today, the January $35 and $40 calls adjusting out
1/8/21 Cloudflare (NET) buyers today of over 5000 Jan. 29th (W) $95 calls for $1.10 to $1.1
1/8/21 Taiwan Semi (TSM) the April $135 calls bought this morning 9,000X for $4.20 to $4.80
1/8/21 Pinterest (PINS) the Jan. 22nd (W) $74/$67 bull risk reversal opening 2000X
1/8/21 Spotify (SPOT) with a buyer earlier of 500 July ITM $300 calls for $71.10 to $75.10
1/8/21 Sea Limited (SE) the January 29th (W) $245 calls bought 1300X for $2.55
1/8/21 Innovative Industrial (IIPR) buyers active today for more than 1,000 April $195 calls from $12.60 to $13.10
1/8/21 PayPal (PYPL) 500 Apr $280 calls bought $6.20
1/8/21 Fastly (FSLY) buyers active for 1000 February $95 calls this morning from $8.05 to $8.35
1/8/21 Palantir (PLTR) with 2,000 August $20 puts being sold to open today for $3.90, similar to the $23 puts and $19 puts earlier this week
1/8/21 Snap (SNAP) with 1,500 January 29th (W) $54 calls bought $2.47
1/7/21 Teradyne (TER) size buying 4000 July $130 calls to open $13.90 to $14.70 after size Jan 2023 calls earlier this week
1/7/21 Mastercard (MA) large spread sells the February $320 puts 2,250X for $3.75 to buy the $360/$390 call spread 4500X for $8.18, earnings in late January
1/7/21 Schrodinger (SDGR) with 1,000 June $70 puts sold to open for $9.20 to $9.30 today into recent strength
1/7/21 Facebook (FB) buyers active February $270 calls $13.15 to $14.70 over 12,500X
1/7/21 Advanced Micro (AMD) 2500 June $95 puts being sold to open today ITM
1/7/21 Advanced Micro (AMD) buyer 3500 Jan. 29th (W) $110 calls for $1.34
1/7/21 Advanced Micro (AMD) also today seeing 9900 February $92.50 calls bought in size lots $6.95+
1/7/21 Advanced Micro (AMD) also 1400 Dec. 2021 $95 puts sold to open today $18.45
1/7/21 Apple (AAPL) buyers of 2700 June 2022 $145 calls today up to $17.55
1/7/21 Snap (SNAP) Jan 29th (W) $50 calls active today 7000X
1/7/21 Taiwan Semi (TSM) with 1900 July $140 calls bought $6.85 to $7.45
1/7/21 Virgin Galactic (SPCE) buyer 1350 July $37 calls for $3.80
1/7/21 JP Morgan (JPM) with the June 2022 $115 puts sold to open today 1175X for $10.40 to $10.30
1/7/21 JP Morgan (JPM) 1000 June $160 OTM calls also bought, seeing a lot of bull flow in it today
1/7/21 Twilio (TWLO) buyer of 675 July $500 calls earlier today for $15
1/7/21 Shopify (SHOP) opening sale 250 June $940 puts for $69.70
1/7/21 Pinterest (PINS) buyer 1000 May $75 calls $11 offer