Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:55 Stock Review – Mega Caps: TSLA, CRM, NFLX, AAPL, MSFT, QQQ (ETF)
4) 9:10 Stock Review – Software: BILL, DDOG, NET, TEAM, APPS, DOCS, ASAN
5) 11:30 Stock Review – Medical Products: DXCM, SWAV, INMD
6) 12:20 Stock Review – Semiconductors: NVDA, ACMR, AMBA, SMH (ETF)
7) 13:40 Stock Review – Watch List/General Ideas/Commentary: AFRM, ALB, LTHM, ENVX, CELH, ORMP, RKLB, HZNP
8) 17:20 Conclusion/Summary

Market Summary:
As I mentioned in Tuesday’s webinar, the one word to describe my market stance right now is patience. I am bullish into year-end for all the reasons I’ve discussed in recent videos, however, we still need to get through this seasonally weak period. I am still expecting volatility over the next week or two, so make the proper adjustments based on your timeframe. I like how the Nasdaq Composite had its first accumulation day (on Wednesday) in the past 10 trading days. It doesn’t mean we are out of the woods, but at least it’s a step in the right direction. What we need to see over the next week or two is a follow through day and some of the Mega Caps regain their 50-day moving averages. Again, be patient until the market proves itself a little better.

In this video, I review many stocks that are holding up well. During market pullbacks/corrections, I always use relative strength to let the market guide me into some of the strongest stocks. If you have any questions, you can ask them during the next webinar, which will likely be next week. Also, I am scheduled to be on CNBC this Friday, October 8th at 5AM EST. I will post the video clip as soon as it’s available. Thank you and good luck for the remainder of the week!

Unusual Option Activity
10/6/21 Coinbase (COIN) seeing 600 December $245 calls bought from $24.30 to $25.20
10/6/21 Z-Scaler (ZS) with 950 October 22nd (W) $255 ITM calls bought today $13 to $13.20
10/6/21 Affirm Holdings (AFRM) opening sale of 500 January 2023 $110 puts for $29.70
10/6/21 Netflix (NFLX) buyer of 1,500 October 29th (W) $640 calls for $23 as the $610 calls adjust higher, earnings on 10-19
10/6/21 Tesla (TSLA) early buyers of 3000 October 22nd (W) $805 calls for $20.50 to $23
10/6/21 Tesla (TSLA) also seeing 800 May $700 puts sold to open this morning for $84.70, a more than $6.75M position
10/6/21 Financials ETF (XLF) buyers of more than 12,000 December $37 puts for $1.15 this morning
10/6/21 Financials ETF (XLF) also with over 70,000 December $36 puts bought today up to $0.89
10/6/21 Biotech ETF (XBI) buyer of 5000 November $117/$102 put spreads for $2.76
10/6/21 Palantir (PLTR) buyer of 1,500 January 2024 $37 OTM calls this morning for $5.50 with their contract win
10/6/21 Palo Alto (PANW) buyers of 1245 January $480 calls for $31 to open this afternoon after the large put sales in the name lately
10/6/21 Applied Materials (AMAT) with 800 March $120 ITM calls bought today for $16.15
10/5/21 Perion Networks (PERI) spread today sells the January $17.50 puts to buy the $20/$30 call spread
10/5/21 S&P 500 ETF (SPY) buyer mid-morning for 54,000 October 29th (W) $446/$452 call spreads for $1.42
10/5/21 Devon Energy (DVN) with 30,000 January $40/$50 call spreads bought this morning for $2.81
10/5/21 Zillow (Z) opening sales this morning of 1780 September 2022 $75 puts for $10 to $9.80.
10/5/21 Zillow (Z) also with 500 September $90 calls bought for $14.95 to $15.20 and 400 January 2023 $75 calls bought for $24.90
10/5/21 Square (SQ) with 600 February $220 puts sold to open today for $18
10/5/21 Square (SQ) also with 1,500 December $170 puts sold to open this afternoon for $2.02
10/5/21 ASML (ASML) bullish spread today sells 1500 January 2024 $700 puts for $127.49 and buys the August 2022 $680 puts for $68.23
10/5/21 Amazon (AMZN) with 1200 October $3260 calls bought for $47.10 to $47.55
10/5/21 Google (GOOG) with 1,889 March 2023 $2300 puts sold to buy the January 2023 $2100 puts this afternoon for an $8M credit
10/5/21 Skyworks (SWKS) buyers of 800 January 2023 $165 calls up to $11.50
10/5/21 EOG Resources (EOG) with 1200 October 29th (W) $80 ITM calls bought for $10.15 to $10.25
10/5/21 Marathon Oil (MRO) with 5000 January 2024 $15 puts sold to open for $4.25
10/5/21 Adobe (ADBE) buyer of 200 September $540 calls for $82.60, over $1.7M
10/4/21 Taiwan Semi (TSM) with 1,000 April $95 puts sold to open for $4.10 and 2000 April $80 puts sold to open for $1.70 to $1.65
10/4/21 Healthcare ETF (XLV) with 3,000 January 2023 $125 puts sold to open for $11.68
10/4/21 Microsoft (MSFT) with 1000 January 2024 $260 puts sold to open for $36.75
10/4/21 Lam Research (LRCX) with 2,650 January 2024 $460/$380 bull put spreads opening today for $29.40
10/4/21 Apple (AAPL) buyer of 1,000 April $155/$180 call spreads for $3.85 as some January call spreads adjust out
10/4/21 Tesla (TSLA) with 3,275 June 2022 $1,600 OTM calls bought from $6.50 to $7 to open with their positive Q3 deliveries number
10/4/21 Zillow (Z) with the January $95 calls bought this morning up to $6.05 to open, over 900X
10/4/21 Facebook (FB) with over 12,500 November 5th (W) $330 calls being bought $13.35 to $14.65, captures late October earnings
10/4/21 Facebook (FB) with 2,500 December $340 calls bought for $13.40, adjusting back the $350 calls
10/4/21 Bill.com (BILL) with 400 November 270 Calls bought for $19.70
10/4/21 Affirm Holdings (AFRM) with 800 January $135 calls bought for $9.70 to open this morning into weakness
10/1/21 Clean Harbors (CLH) with 500 November $105 calls bought for $6.20