Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:50 Stock Review – Watch List/General Ideas/Commentary: AAPL, QQQ (ETF), BILL, NVDA, SMH (QQQ), DXCM, SWAV, INMD, RDWR, FND, ALB, LTHM, CDXS, ORMP (trade idea)
4) 16:50 Conclusion/Summary

Market Summary:
As discussed in recent videos, I am expecting some volatility over the near-term because the Nasdaq Composite is extended from its 21-day moving average, and September is a seasonally weak time of the year. It looks like the pullback started today and I suggest being patient until we get to that level. Sometimes the pullback happens quickly in a day or two, and other times it takes longer. Either way, the point is that it will likely be volatile over the near-term and plan accordingly based on your timeframe.

How I’m handing this is to have some cash available to buy some of the stronger stocks on pullbacks because I am still bullish into year-end. Again, just be patient and don’t chase extended stocks. In last weekend’s video, I reviewed many stocks in many sectors to keep on your watchlist for potential pullback buys. In this video, I review 10-15 stocks and ETFs to focus on, and I also discuss the levels where you might look to start a position or possibly add if you already own. Again, be patient and focus on the strongest stocks possible if we do see a pullback over the near-term. If you have a longer-term timeframe, then hopefully you have strong entry points and a cushion to deal with some volatility. If you have any general questions or want me to review stocks not covered in this video, you can ask them during the next webinar, which will be this Sunday, September 12th at 7PM EST. Thank you and good luck for the remainder of the week!

Unusual Option Activity
9/8/21 Netflix (NFLX) seeing size Nov call premium bought with 2500 of the $650 calls $16.45 to $17.70, 850 ITM $585 calls, and buyers of 1375 Nov $630 calls
9/8/21 Advanced Micro (AMD) with 4000 November $82.50 puts sold to open $1.06 to $1.05
9/8/21 Advanced Micro (AMD) also with 1500 March $105 puts sold to open $11.90 as the September short puts adjust
9/8/21 Snap (SNAP) with 1000 April $60 puts sold to open $5 to $5.05
9/8/21 Snap (SNAP) also seeing a lot of buying in October $75 calls this afternoon with 20,000 trading $3.75 to $3.90
9/8/21 DraftKings (DKNG) with 1200 April $90 max strike calls opened for $3.05
9/8/21 S&P 500 ETF (SPY) with 25,000 Sep. 30th (W) $457 calls being bought for $4.5M this morning as Sep. $451 adjust and take some off the table
9/8/21 Apple (AAPL) strong bull flows in Sep. 24th (W) options with the $155 puts seeing opening sellers with 9000 trading and the $149 ITM calls trading over 8000
9/8/21 DataDog (DDOG) the October $140 calls active with buyers 5500X
9/7/21 Adobe (ADBE) with 400 September 2022 $610 calls opening $108.75
9/7/21 In-Mode (INMD) with 1100 January 2023 $135 at-the-money calls opening $34.20 to $35.80 for around $4M
9/7/21 Pfizer (PFE) opening sale 1000 June 2023 $45 puts for $6.25
9/7/21 Crowd-Strike (CRWD) opening sale 200 June $280 puts at $47.40 for nearly $1M
9/7/21 Nasdaq 100 ETF (QQQ) June 2022 $320 puts trading 3000X at $12.13 bid, sold to open
9/3/21 DexCom (DXCM) buyers of the June $780 OTM calls for $15.30 to $15.40, over 285X