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 – Semiconductors: SMH (ETF), AMAT, LRCX, ASML, UCTT, ICHR, CAMT, NVDA
4) 12:45 Stock Review – Medical Products: ALGN, NVCR, VCEL
5) 15:50 Stock Review – Watch List/General Ideas/Commentary: RBLX, VOR, NVS, ALB, RDWR
6) 21:40 Conclusion/Summary

Market Summary:
So far this week, the Nasdaq Composite had accumulation days on Monday and Tuesday, then pulled back slightly on Wednesday on lighter volume than the previous day. The S&P 500 and Russell 2000 continue to consolidate in ranges. As I’ve mentioned recently, I feel that we will be in a range until we get through June. Upcoming events include tomorrow’s (Thursday morning) CPI report, the June 16th Fed meeting, the annual Russell 2000 rebalancing on June 25th, and regular end of the quarter portfolio adjustments. I’m neither expecting any significant upside nor downside until then, just some potential volatility.

I encourage members to make decisions based on their own investment objectives and risk tolerance. If you have a longer-term timeframe, get strong entry points and try to be patient over the next few weeks. If you like to be tactical, I suggest keeping some cash available to cushion any potential downside and also to have capital to buy dips near logical support levels (21-ema and 50-day moving averages). Also, if you are nervous or can’t handle the volatility, the best way to deal with this is to use lighter positions. Please keep in mind, when you buy a stock or ETF, you don’t have to start with a full position. Eventually, I feel we will break out of this range as we run into next quarter’s earnings season. Again, patience will be required until then.

I also want to remind members to stay focused on the best possible stocks out there and to get strong entry points. In this video, I present some focused ideas that are near safer buy points. As always, any Friday decisive close below the 10-week would be a suggested stop. If you have any questions, you can ask them during the next webinar which will be this Sunday, June 13th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity
6/9/21 S&P 500 ETF (SPY) with 6000 January $430 puts sold to open $26.89 today for $16M in premium
6/9/21 Biotech EF (IBB) with 3000 July $163 calls bought $3.50 this morning
6/9/21 Snap (SNAP) afternoon buyers of 1,850 July 23rd (W) $61 calls for $5 to $5.10
6/9/21 Ark Genomics ETF (ARKG) with 2000 January $85 calls buying $9 to $9.20 this morning
6/9/21 PayPal (PYPL) with 2275 weekly $267.50 calls hot early for $725K
6/9/21 Adobe (ADBE) 3000 September $470 calls bought for $59.50 adjusting out of June $420 calls, earnings 6-17
6/9/21 Peloton (PTON) opening seller 300 June 2022 $110 ITM puts today $26.30 to $26.25
6/9/21 Square (SQ) opening seller 350 November $210 puts for $23.90
6/9/21 ACM Research (ACMR) unusual buy of 2000 July $100 calls for $1.45
6/9/21 ACM Research (ACMR) now 470 August $85 calls bought $9.10 offer after unusual July call buys earlier
6/8/21 Biotech ETF (XBI) buyers of 2700 July $133 calls into late morning lows $3.90 to $4.25
6/8/21 Snowflake (SNOW) with 1000 July $275 calls opening as June adjust
6/8/21 Intellia Therapeutics (NTLA) buyer 1000 July $90/$125 call spreads for $6
6/8/21 Salesforce (CRM) buyer 1750 September $250 calls $8.87
6/8/21 Airbnb (ABNB) with 600 June 2022 $180/$240 call spreads bought to open late
6/7/21 Facebook (FB) seeing 8000 August $340 calls open this afternoon up to $17.60 for over $13M
6/7/21 Russell 2000 ETF (IWM) afternoon buyer 4500 November $236 calls for $9.68
6/7/21 Seagen (SGEN) July IV rising with buyers in the $180 and $200 calls
6/7/21 Blackstone (BX) buyers active for 2500 September $95 calls $4.50 to $4.60,
6/7/21 Cloudflare (NET) with 1,000 January $95 calls bought for $9.85 to $10 as the $80 calls adjust higher into strength
6/7/21 Micron (MU) opening buy 1000 August $77.50 ITM calls $9.05
6/7/21 Cleveland-Cliffs (CLF) buyer 1300 January 2023 $22 calls for $6
6/7/21 Coinbase (COIN) with 500 January 2023 $140 puts sold to open for $23.10
6/7/21 Clover Health (CLOV) IV rising this morning with 6,500 August $17.50 calls bought for $1.15
6/7/21 Airbnb (ABNB) 500 Oct $150 calls bought $17.20 offer
6/7/21 Snowflake (SNOW) buyer 1350 August $245 calls $19.80 to $20 for $2.7M into key Investor Day
6/7/21 Snowflake (SNOW) IV picking up again with 2,500 June 25th (W) $280 calls bought up to $4.10