Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 13:00 Stock Review – Mega Caps: AMZN, AAPL, MSFT, GOOGL, TSLA, NVDA, PYPL, SHOP, QQQ (ETF)
4) 18:50 Stock Review – Software: CRWD, ZS, OKTA, SAIL, BL, NET, DDOG, APPN
5) 22:00 Stock Review – Semiconductors: TSM, TSEM, ACMR, SMH (ETF)
6) 23:30 Stock Review – General Ideas/Commentary: HALO, SQ, CLDX, FTCH, RYAM, ZUMZ, XPEL, NIO, NLS, CRSR, CHGG, HGEN, NETE
7) 29:30 Current Setups – FSLY, NVCR, PLTR, HOL
8) 34:00 Conclusion/Summary

Market Summary:
The market held its key levels to start the week. The S&P 500 held its 50-day and the Nasdaq Composite and Russell 2000 held their 21-day moving averages. Overall, the market continues to be incredibly resilient. The liquidity and sector rotation makes it very tough to fight. That’s why I’ve repeatedly said that it’s ok to be cautious at times, but you can’t get overly bearish. One of the biggest positives is how there’s very little distribution on the Nasdaq Composite and that many of the Mega Caps names in that index are just starting to emerge from 5-6 month consolidations (i.e. MSFT, AMZN, NVDA). Over the near-term, I would like to see some sideways movement to digest the strength from earlier in the week. If we consolidate on light volume and some stocks start to form handles, it could set us up for the next leg higher. As always, I will take this day-by-day and present any stocks that are providing safe entry points. I mention several of them in this video. Good luck for the remainder of the week!

Unusual Option Activity
2/3/21 NASDAQ 100 ETF (QQQ) buyer 2000 April $340 calls for $9.30 to open, also seeing 2000 of the $330/$375 call spreads bought
2/3/21 S&P 500 ETF (SPY) with 5000 April $342 puts being sold to open this afternoon for $5.16, also seeing 3000 July $409 calls open near $8.25
2/3/21 Zillow (Z) with 2000 September $115 puts sold to open $12.75, also with 1000 of the $165 calls sold to open for $20.10
2/3/21 Staar Surgical (STAA) buyer 800 March $135 calls $3.85
2/3/21 Snap (SNAP) 2000 July $60 calls bought $10.55 offer
2/3/21 Snap (SNAP) the March $75/$85 call spread bought this afternoon 1300X for $1.07
2/3/21 Fastly (FSLY) next week $115 calls hot early 3500X $3.55 up to $6.10
2/3/21 Micron (MU) buyers of the April $85/$70 bull risk reversal today for $1.78, over 4000X
2/3/21 C3.AI (AI) with 620 April $140 puts sold to open $23.10 this morning
2/3/21 Amicus Therapeutics (FOLD) with 4000 March $25 calls bought for $3.20 ahead of POMPE data
2/3/21 Tesla (TSLA) with 3500 January 2023 $1300 calls active for around $90M with buyer flow
2/3/21 Roku (ROKU) with 1000 July $480 calls being bought this morning for $56
2/3/21 Snowflake (SNOW) buyer 1000 February $380 calls $5.50 offer.
2/3/21 Snowflake (SNOW) 1000 February $340 calls bought $11.80 offer as well.
2/3/21 Snowflake (SNOW) also 700 March $305 calls bought for $36
2/3/21 Grow Generation (GRWG) afternoon buyers of 1,000 January $75 calls for $14 to $14.50
2/3/21 Sea Limited (SE) with 1200 May $220 puts sold to open for $20.80
2/3/21 Marvell Tech (MRVL) with 800 Jan. 2022 $55 puts sold to open today between $11.80 and $12
2/3/21 DraftKings (DKNG) buyer of 1000 August $60/$80 call spreads
2/2/21 Russell 2000 ETF (IWM) with 10,000 March 31st (Q) $230/$240 call spreads bought today
2/2/21 JD.com (JD) with another 2,000 June $110 calls bought today from $6.35 to $6.65
2/2/21 Palantir (PLTR) with 3,000 February $32.50 calls bought here $2.95 to $3.15 into the 21-MA
2/2/21 Fastly (FSLY) with 600 September $165 calls opening $10.38
2/2/21 Apple (AAPL) April $115 puts active with sellers this morning near $2.23 for 9000X
2/2/21 Upwork (UPWK) with February $45 calls actively bought, 2900X trading, earnings after Feb OpEx but FVRR reports 2-18
2/2/21 Snowflake (SNOW) 1150 next week $300 calls bought aggressive $9.70 offer and up for over $1M.
2/2/21 Snowflake (SNOW) also 2500 next week $350 OTM calls bought $2.25 to $3.40.
2/2/21 Snowflake (SNOW) buyer 1300 February $360 OTM calls $4.90, above offer.
2/2/21 Snowflake (SNOW) today also with 450 March $345 calls bought $19.80 offer and 600 March $310 calls $31-$32
2/2/21 Taiwan Semi (TSM) with 1000 February $128/$136 call spreads bought
2/2/21 Micron (MU) with buyers of 3,400 July $82.50 calls for $9.45 to $9.50
2/2/21 Tesla (TSLA) with 1250 June $1225 calls bought to open today $70 to $70.90
2/2/21 Staar Surgical (STAA) buyer 500 March $130 OTM calls $3.40 to open in unusual upside action
2/2/21 Zillow (Z) with 7500 Jan. 2023 $95/$60 bull put spreads opening for $10.75
2/2/21 MasterCard (MA) with 3000 June $340 calls being bought to open $20.65 up to $23+
2/1/21 Pinterest (PINS) with buyers of the August $70 calls today $14.75 to $15.05, 800X
2/1/21 Tower Semi (TSEM) buyer of 3,000 February $30 calls for $1.25, earnings on 2-17.
2/1/21 Tower Semi (TSEM) the February $31 calls bought 1000X also today for $1.40
2/1/21 Advanced Micro (AMD) with 1000 ITM June $97.50 puts sold to open today $19.15 to $19.10
2/1/21 Micron (MU) early buy 2500 February $89 calls for $1.
2/1/21 Micron (MU) also 1000 February $80.5 calls bought
2/1/21 Taiwan Semi (TSM) February $136 calls some size buys today up to 8500X now with 3000 here above offer $1.75
2/1/21 Facebook (FB) with 2000 April $240 calls opening $29.40 and 2000 of the $250 calls $23.40
2/1/21 Zoom (ZM) with buyers of 1,600 February $430 calls for $7.50 to $8.10
2/1/21 Zillow (Z) with 1000 Feb. $125/$110 bull put spreads opening today for $4.30
2/1/21 Schrodinger (SDGR) with 150 June $145 deep ITM puts sold to open today for $56.50