Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 12:00 Stock Review – Software: BILL, CRWD, ZS, NET
4) 14:00 Stock Review – Semiconductors: SMH (ETF), NVDA CAMT
5) 15:20 Stock Review – Medical Products: ALGN, INMD, CUTR
6) 18:35 Stock Review – Watch List/General Ideas/Commentary: CELH, ALNY, ORMP, ALB, LTHM, NKTX, SNAP, SKX, ZBRA, NTRA, AXON
7) 24:00 Setups: AMAT, LRCX, DOCU, ESTC, RDWR, CLPT
8) 28:40 Conclusion/Summary

Market Summary:
I always like to approach the market with an open mind, look at the positives and the negatives, and have a flexible approach. The current positives: 1) The major indexes are above their key moving averages 2) Many of the Mega Cap leaders are acting well 3) Sentiment is fairly muted 4) The Fed is still on the market’s side, as they continue to provide tons of liquidity. The main negative is the upcoming seasonality. August and September tend to be two of the more difficult months for the market. It doesn’t mean we have to decline, it simply means to be prepared for potential volatility.

Conclusion: Stick with the trend, focus on the strongest stocks, get strong entry points, and manage risk. As I mentioned last week, how I am handling it is by reducing a little exposure, just in case we see some higher volatility over the next 6 weeks. If we do see some volatility over the near-term, I’m not expecting any sustained downside for the reasons I mentioned in recent videos. A pullback to the 50-day over the next 6 weeks would be normal, that’s why entry points are very key to my process. As always, the decisions you make should be based on your own timeframe and investment objectives. If you have any questions about this or any stocks that you would like me to review, you can ask them during the next webinar, which will be Monday, August 9th at 7:30PM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity
8/6/21 Nasdaq 100 ETF (QQQ) opening sale 12,000 Aug. 30th (W) $360 puts for $3.16
8/6/21 Bill.com (BILL) buyers of 1000 September $210 calls for $13.50, ahead of 8-26 earnings
8/6/21 Roku (ROKU) buyer 1000 September $460/$500 call spreads
8/6/21 Nvidia (NVDA) with 1200 June 2022 $280 OTM calls bought to open $9.20 to $9.87
8/6/21 BioCryst (BCRX) with 1200 March $20/$25 call spreads bought for $1.50
8/6/21 Coinbase (COIN) buyer 150 Mar $335 calls for $25.90
8/6/21 Microsoft (MSFT) with 550 September 2022 $305 calls bought this morning up to $22
8/6/21 Crispr Therapeutics (CRSP) with 1000 August $134 calls bought for $6.80 to $7.10 today
8/6/21 Crispr Therapeutics (CRSP) also with 1000 August 27th (W) $135 calls bought for $10.90
8/6/21 Cloudflare (NET) with 1000 January $130 calls opening $10.62 with November $105 adjusting out and up
8/6/21 Marvell Tech (MRVL) with 1800 September 24th (W) $62 calls bought for $2.70 as some positions adjust up from August
8/6/21 Analog Devices (ADI) with 2,500 September $180/$155 bull risk reversals being bought today for $1.75 debit
8/6/21 MasterCard (MA) with 500 December $330 puts sold to open today for $8.80
8/6/21 Advanced Micro (AMD) opening sale of 2,000 September 2022 $100 puts for $13.65
8/6/21 Albemarle (ALB) December $260 calls being bought for $11.20 to open over 2000X
8/6/21 Albemarle (ALB) also with the January $230 calls being bought 500X for $23.30
8/6/21 Nike (NKE) seeing sellers of 500 October $175 puts this afternoon from $8.90 to $8.45
8/6/21 Facebook (FB) with a buyer of the October $385/$405 call spread 1,500X3,000 for $0.69 debit
8/5/21 S&P 500 ETF (SPY) buyer 16,500 Aug. 27th (W) $446 calls today $2.54 adjusts Aug. 6th (W) $441
8/5/21 Crispr Therapeutics (CRSP) with buyers active for 2000 September $155 calls up to $3.10
8/5/21 Crispr Therapeutics (CRSP) also with 650 January $170 calls bought $10.90 offer
8/5/21 Biotech ETF (XBI) with 7500 Aug. $130 calls bought this morning $2.10
8/5/21 Inmode (INMD) buyers of 300 January $95 calls today for $25.70
8/5/21 Zoom (ZM) buyer 500 January $410 calls spread versus sales of the $330 puts
8/5/21 Coinbase (COIN) buyers of 700 October $300 calls for $10.40 to $10.60
8/5/21 Coinbase (COIN) also with afternoon buyers in September $255 calls $22.50 offer, trading 1000X
8/5/21 Square (SQ) seeing buyers of November $290 calls today with 2500X trading for over $7M
8/5/21 Nvidia (NVDA) near-term calls hot early with 7500 next week $208.75 calls trading for near $3M premium
8/4/21 DocuSign (DOCU) with 2500 August $300/$320 call spreads bought and the $300/$290 put spreads sold to open 2500X
8/4/21 Coinbase (COIN) buyers of 1500 September $240 calls $18 to $18.20