Yahoo Finance Article (Q4 Outlook): https://finance.yahoo.com/news/why-the-recent-market-decline-a-shakeout-before-a-major-rally-182648220.html

CNBC Interview: https://www.youtube.com/watch?v=Yc2luqXysYk

Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 4:55 Stock Review – Mega Caps: TSLA, CRM, NFLX, MSFT, QQQ (ETF)
4) 6:40 Stock Review – Software: BILL, DDOG, NET, PANW, APPS, CRWD, IGV (ETF)
5) 8:20 Stock Review – Semiconductors: NVDA, ACMR, AMBA, SMH (ETF)
6) 9:30 Stock Review – Watch List/General Ideas/Commentary: AFRM, RDWR, DXCM, ORMP, CELH, NKTX, XLF (ETF), XOP (ETF), OIH (ETF)
7) 14:30 Conclusion/Summary

Market Summary:
As I’ve mentioned in the past several videos, patience is required as we need to get through this seasonally weak period (approximately mid-September until mid-October). Specifically, over the next week or two, I would like to see: 1) A follow through day 2) The major indexes get back above their 50-day moving averages 3) More stocks to set up and prove themselves technically. The other reason we need to be patient is that we have to be open minded to another possible leg down in the Nasdaq Composite, which could take the index down to its 200-day moving average. Again, be patient until we get more clarity over the near-term.

The way I’m handling the current market is to stay exposed to some of the strongest stocks I can find (many of which I review in this weekend’s video), and also to keep some cash available to help reduce volatility. I am currently about 60% invested, but please keep in mind this is always subject to change. If your timeframe is longer-term, make sure to get strong entry points and deal with some volatility. If you are shorter-term, keep your positions light and maybe use some cash to help mitigate the volatility. Either way, no matter what your timeframe, you have to have a loss cutting policy if any positions turn against you. I’ve been stopped out of some stocks recently. It’s never fun, but it’s part of the discipline. If you have any questions, you can ask them during the next webinar, which will be this Tuesday, October 12th at 7:30PM EST. Thank you and enjoy the rest of your weekend!

Unusual Option Activity
10/8/21 Affirm Holdings (AFRM) with 1,400 December 2022 $115 ITM calls bought to open for $50.20 to $50.50, adjusting some October $90 calls
10/8/21 Snap (SNAP) buyer of 5000 November 5th (W) $80/$90 call spreads for $2.35 with the $70 puts sold for $3.25, earnings on 10-21
10/8/21 Alnylam Pharmaceuticals (ALNY) with 500 November $200 puts sold to open this morning down to $10.50
10/8/21 Palo Alto (PANW) seeing 3,000 January 2024 $390 puts sold to open for $37.18, adjusting some Jan. 2023 short puts
10/8/21 Palantir (PLTR) opening sales of 2000 September 2022 $25 puts for $5.60
10/8/21 Palantir (PLTR) with 10,000 November $29/$35 call spreads bought for $0.27
10/7/21 Albemarle (ALB) with 550 January 2024 $190 puts sold to open for $35.80
10/7/21 Microsoft (MSFT) buyers of 1900 March $265 ITM calls for $39.40 to $39.60
10/7/21 Tesla (TSLA) seeing 3000 January $392 calls bought for $402.79, around $120M trade that is adjusting the October $390 calls bought on 9/3
10/7/21 Facebook (FB) 7,000 October 29th (W) $335 calls bought to open for $11 to $11.90 ahead of 10-25 earnings
10/7/21 Cloudflare (NET) buyer of 600 January 2024 $190 OTM calls for $24.70, max strike and timeframe
10/7/21 Nvidia (NVDA) with 1000 April $145 puts sold to open for $3.95 to $3.85
10/7/21 Apple (AAPL) with 10,000 October $144/$147 call spreads bought today
10/7/21 Z-Scaler (ZS) opening sales of 1,500 November $240 puts for $4.50 to $4.45
10/7/21 Datadog (DDOG) the January 2023 $130 calls bought 1320X for $35.65, adjusting the October $110 calls
10/7/21 Snap (SNAP) buyers of 2,950 October 29th (W) $90 calls or $1.48 to $1.49, targeting 10-21 earnings
10/7/21 Taiwan Semi (TSM) some large bullish trades today including 2,200 March $110 calls bought for $8.75 and 1,300 January 2023 $105 calls bought for $17.70
10/7/21 Affirm Holdings (AFRM) buyer opening 500 December 2022 $125 ITM calls for $42 today, over $2.25M
10/7/21 Amazon (AMZN) early buyers of 8,500 October 22nd (W) $3,500/$3,550 call spreads for $4.50
10/6/21 Datadog (DDOG) with 750 December $125 puts sold to open for $5.20