Topics covered:
1) 0:00 Announcements
2) 0:20 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:00 Stock Review – Mega Caps: AAPL, MSFT, ADBE, AMZN, NFLX, QQQ (ETF)
4) 11:05 Stock Review – Software: CRWD, ZS, NOW, TEAM, ZI, BILL
5) 14:20 Stock Review – Semiconductors: SMH (ETF), NVDA, AMAT, LRCX, ASML, MRVL, AMKR
6) 17:10 Stock Review – Medical Products: ALGN, DXCM, INMD, CUTR
7) 20:00 Stock Review – Watch List/General Ideas/Commentary: ALNY, CVNA, CELH, NKTX, WING, LULU, SNAP, RDWR, CLPT
8) 23:30 Setups: DOCU, PHR, SQ, SHOP
9) 26:20 Conclusion/Summary

Market Summary:
Overall, the price action of the market is strong. The major indexes continue to hold their key moving averages, and many of the growth leaders (especially the Mega Caps) are acting well. Part of me is thinking: keep it simple, stick with the trend, and don’t argue with the market. However, I try to have a little foresight and think ahead to what could rattle the market. One thing that could cause potential volatility is the upcoming seasonality. August and September tend to be two of the weaker months of the year. It doesn’t mean that we HAVE to correct, it simply means we should be on the lookout for this potential volatility.

As always, this is where I encourage members to make decisions based on their own timeframe and investment objectives. For example, I will most likely reduce my investment levels over the next week from 80-90% invested, down to 60-70% invested. That way, if things go higher, I still have plenty of exposure, and if the market becomes volatile, having some cash should hopefully reduce that volatility. Either way, if we do see some volatility during the second half of August and into September, I do not foresee any sustained downside for the reasons I mention in this video. Some concepts that should never change (no matter your timeframe) are simple rules such as: 1) Expose yourself to strong stocks 2) Get strong entry points 3) Manage risk if any position significantly turns against you.

Ideally, it would be nice if the market goes sideways during this potentially volatile time, and then sets up for a strong fourth quarter rally. Of course, I will always take this day by day, but I like to think ahead sometimes. Good luck for the remainder of the week!

Unusual Option Activity
8/4/21 Unity Software (U) with 2500 August $125 OTM calls bought $1.30, earnings 8-10
8/4/21 Unity Software (U) another 2500 Aug. $125 calls now bought $1.45 offer
8/4/21 Unity Software (U) also buyer of 700 September $125 calls $2.90 offer
8/4/21 Nasdaq 100 ETF (QQQ) buyer 1500 March 2022 $365 calls to open for $3.8M, adjusts out of January
8/4/21 Adobe Systems (ADBE) with 375 June 2022 $580 puts sold to open from $44.05 to $43.25
8/4/21 Analog Devices (ADI) seeing 600 OTM January $200 calls bought $4.30 to $4.50, earnings 8-18
8/4/21 Zoom Info (ZI) seeing 1000 October $60 calls buy to open up to $3.80
8/4/21 Software ETF (IGV) with 15,000 November $390 calls opened $28.05 ITM
8/4/21 Upstart Financial (UPST) with 2000 August $150 calls bought $5.50
8/4/21 Pfizer (PFE) OTM calls remain unusually hot with 8000 Oct $60 calls today
8/4/21 Pfizer (PFE) also with 5000x Oct $45 calls bought around $2
8/4/21 Roblox (RBLX) seeing August $84 calls active 2400X with aggressive offer buys $3.80, earnings 8-16
8/4/21 Roblox (RBLX) also seeing 1500 August $83.50 calls bought for $4.30
8/4/21 Snap (SNAP) Sep $75 calls bought 3500X for $4.10 offer
8/4/21 Amazon (AMZN) buyer 1500 February $3580 calls at $184.30 as January $3600 adjust
8/4/21 II-VI (IIVI) with 2000 October $75 calls bought for $3.40 to $3.50 ahead of 8-10 earnings
8/3/21 Microsoft (MSFT) buyer 4000x December $290 calls $12.50 for nearly $5M
8/3/21 Netflix (NFLX) trading another 2000 October $500/$520 call spreads and another 1000 October $510 calls
8/3/21 Snowflake (SNOW) far OTM Aug. 13th (W) $300 calls active w/ buyers 6000X
8/3/21 Snowflake (SNOW) afternoon buyers of 500 February $320 calls for $27.30 to $27.50
8/3/21 Nvidia (NVDA) seeing 15,000 Aug. 13th (W) $205 calls with buyers despite earnings not until 8/18
8/3/21 Nvidia (NVDA) also seeing buyers active 700 March 2022 $230 calls up to $13.75
8/3/21 Advanced Micro (AMD) the October $115 calls being bought over 10,500X up to $8.80
8/3/21 Advanced Micro (AMD) also with Oct $130 calls seeing buyers 4500X for $2.97 as some Sept calls adjust
8/3/21 Advanced Micro (AMD) also with December $125 calls bought 5000X from $8.40 to $8.45
8/3/21 Snap (SNAP) seeing buyers in September $75 calls $3.85 offer to $4.05 with over 5000 bought
8/3/21 Spotify (SPOT) large opening sale of 1600 January 2023 $190 puts for $27
8/3/21 S&P Small Cap 600 ETF (IJR) unusual 5500 February $85 puts selling to open all afternoon
8/3/21 Lululemon (LULU) with 1000 September $400/$420 call spreads opening
8/3/21 PayPal (PYPL) with 500 December $260 puts sold to open $14.90
8/3/21 Illumina (ILMN) with 1000 January $500 calls opening for $46.24, adjusting higher the 800 January $450 calls that close $73.33
8/2/21 S&P 500 ETF (SPY) with 18,000 October $447 calls opening $7.08 today as August $436 and $437 adjust
8/2/21 Tesla (TSLA) early buyers active in 2000 November $1125 far OTM calls $7.15 to $7.65
8/2/21 CrowdStrike (CRWD) large opening sale 575 June 2022 $230 puts for $28
8/2/21 Digital Ocean (DOCN) with earnings 8-5 pre-market seeing a lot of buyers active August $60 and $65 calls
8/2/21 UpStart (UPST) with 2000 August 13th (W) $130/$140 call spreads bought for $3.50 ahead of 8-10 earnings
8/2/21 Adobe Systems (ADBE) with 240 October $625 puts sold to open for $30.95
8/2/21 Unity Software (U) with another large opening put sale as 500 January $115 ITM sell to open $18.50, earnings 8-10
8/2/21 Applied Materials (AMAT) with sellers active at the September $135 puts for $3.65/$3.60, over 2500
8/2/21 Advanced Micro (AMD) with 3500 August $102 calls opening $4.95 to $5.10 early
8/2/21 Advanced Micro (AMD) also with 1250 Sep. 3rd (W) $107 puts sold to open $4.45 to $4.15
8/2/21 Netflix (NFLX) seeing October $500 calls open 3000X spread with 2000 of the $520 calls while 500 Oct. $465 puts sell to open
8/2/21 Netflix (NFLX) also with 1000 Oct. $510 calls bought $27.13 to $27.45