Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:10 Stock Review – Mega Caps: AMZN, MSFT, AAPL, NVDA, ADBE, SHOP, NFLX, TSLA, PYPL, QQQ (ETF)
4) 11:50 Stock Review – Software: CRWD, OKTA, ZS, NET, FSLY, DDOG, DOCU
5) 13:40 Stock Review – Semiconductors: COHU, AMD, SMH (ETF)
6) 14:30 Stock Review – General Ideas/Commentary: ALGN, HALO, SDGR, INMD, SWTX, NGM, NETE, OTIC, NIO, PLTR, CLDX, NLS, VOXX, LMND, ZI, UBER, LYFT, XPEV
7) 21:35 Current Setups – SNAP, PGNY, HOL
8) 24:20 Conclusion/Summary

Market Summary:
The market continues to digest its recent gains from earlier this month. The negatives: Some leaders are seeing profit taking and there are very few setups. The positives: The market continues to be incredibly resilient, we are still above the key moving averages, and there’s very little distribution. Conclusion: Stick with the trend and stick to the discipline. Get strong entry points, take some profits into strength, and stop yourself out if something turns against you. Most of my positions I’m in from a lower level and I’m trying to give them room. The liquidity and sector rotation continues to be amazing and is very difficult to fight. Of course, we will continue to see some shakeouts along the way, but I’m doing my best to stick with the trend. If you’re worried about a correction or too nervous while trading, please use half positions to help calm your nerves. If you have any questions, please ask them during the next webinar which is Thursday, February, 18th at 7:30PM EST. Thank you and good luck for the remainder of the week!

Unusual Option Activity
2/17/21 Nasdaq 100 ETF (QQQ) buyer 2000 June 2022 $385 calls this afternoon $18.60 to $18.80
2/17/21 Atlassian (TEAM) with 220 January 2023 $220 puts sold to open today for $41.20
2/17/21 Baidu (BIDU) with 1000 March $260 calls bought near $12.30 into earnings.
2/17/21 Baidu (BIDU) also with 1000 April $300 puts sold today to open for $29.30
2/17/21 Uber (UBER) trading 40,000 January $70 calls as the 25,000 January $40 calls adjust
2/17/21 CrowdStrike (CRWD) buyer of 500 March 26th (W) $265 calls $10 to $10.40, earnings 3-16
2/17/21 Pinterest (PINS) with 1,500 January $75 puts sold to open today for $15.15
2/17/21 Amazon (AMZN) with a $33M buy of 810 May $3000 calls as February adjust out
2/17/21 Microsoft (MSFT) buyer 4000 September $335/$345 call spreads
2/17/21 Snowflake (SNOW) with 1000 May $230 puts being sold to open $12.50
2/17/21 Western Digital (WDC) buyers active again in July $70 calls $8 to $9 for over 3300X with 6,286 in OI
2/17/21 Snap (SNAP) 2075 Feb. 26th (W) $66 calls bought
2/17/21 Palantir (PLTR) block of 4000 November $25 puts sold to open $7.15
2/17/21 Semiconductor ETF (SMH) with 1,500 August $280 calls bought to open $14.35
2/16/21 Microsoft (MSFT) with 3500 May/September $350 call calendar spreads opening today
2/16/21 Semiconductor ETF (SMH) with 9500 March $265 calls opening $6.40 as the $250 calls adjust
2/16/21 Celsius (CELH) with 500 March $60 calls bought early between $7.70 and $8.20
2/16/21 Penn National (PENN) buyers of 1,650 June $140 calls from $14 to $14.90
2/16/21 Tesla (TSLA) June $750 calls opening 2000X for over $30M as the $660 calls with 10K in OI start to roll.
2/16/21 TSLA 3500 March $930/$980 call spreads opening
2/16/21 Otonomy (OTIC) with 5,000 March $5/$12.50 call spreads bought for $1.70 ahead of Phase 3 data in Meniere’s Disease
2/16/21 Tower Semi (TSEM) the July $29 puts sold to buy the $35/$45 call spread 1000X as some February spreads adjust
2/12/21 Square (SQ) with 1300 June $220 put sold to open for $37.70 and also seeing 1600 January $350 calls bought up to $34.80