Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:20 Stock Review – Mega Caps: TSLA, NFLX, CRM, AAPL, MSFT, AMZN, GOOGL, FB, ADBE, PYPL, SQ, SHOP, QQQ (ETF)
4) 14:55 Stock Review – Software: BILL, DDOG, NET, PANW, ZS, CRWD, OKTA, ASAN, MDB, U, SNOW, TEAM, NOW, PERI, APPS
5) 20:40 Stock Review – Semiconductors: NVDA, AMD, ACLS, AMBA, BRKS, SMH (EFT)
6) 22:45 Stock Review – Energy: HAL, HES, IMO, SM, VLO, FANG, EOG, XOP (ETF), XLE (ETF), OIH (ETF)
7) 25:00 Stock Review – Watch List/General Ideas/Commentary: AFRM, MQ, DXCM, INMD, ORMP, HZNP, RDWR, ALB, ENVX, LAC, LTHM, BROS, SI, SOFI
8) 31:00 Conclusion/Summary

Market Summary:
Since the follow through day on Thursday, October 14th, the price action of the market and its leading stocks has been strong. Yes, we did see some profit taking on Friday, but that’s to be expected after a 1,000 point move in the Nasdaq Composite over the past 2-3 weeks. From here, I would still expect some consolidation, backing and filling, and intraday shakeouts before heading higher later this year. Please keep in mind that the market moves on psychology. For example, when the market was correcting in September and into early October, many people were shorting, raising cash, buying puts, and sentiment was getting very negative. Now that we’ve run over the past few weeks, bullish sentiment has picked up again. In other words, some shakeouts over the near-term should be expected to hopefully wear out some of the recent excess bullishness.

Overall, keep things simple. As you know, I use the price action of stocks to determine the health of the market. Right now, many stocks are strong but some need a little time to digest their recent moves. That’s why I always stress to get strong entry points, and to NOT chase extended stocks. In this video, I review many of the leaders. If you have any questions, you can ask them during the next webinar, which should hopefully be next week. Thank you and have a great weekend!

Unusual Option Activity
10/22/21 Affirm Holdings (AFRM) buyer of 1000 December $180/$210 call spreads for $5.25
10/22/21 Unity Software (U) with 1000 May $120 puts sold to open this morning for $9.90
10/22/21 Marqeta (MQ) another 1500 November $22.50 calls being bought today
10/22/21 Dutch Bros (BROS) seeing 2000 December $85 calls sold to open for $2.55/$2.60
10/22/21 Dutch Bros (BROS) also seeing 2,500 November $65 calls bought from $6 to $7
10/22/21 Floor and Decor (FND) January $125 calls open 500X at $17.49 as the $110 calls from 10/5 adjust
10/22/21 SM Energy (SM) seeing 2000 January 2023 $17.50 calls bought for $15.45 as the Nov $15 calls roll
10/22/21 SM Energy (SM) also with 1,500 January 2023 $20 calls opening for $2.1M as more November calls roll
10/22/21 Advanced Micro (AMD) with 2000 November $119 calls bought $6.30 to $6.50
10/21/21 Nvidia (NVDA) with 4000 January $240 calls bought today from $9.80 to $9.85, adjusting higher the $200 calls into strength
10/21/21 Apple (AAPL) with 4000 January 2024 $120 ITM calls bought for $41.65, adjusting some November $120 calls bought in late May
10/21/21 DexCom (DXCM) buyer of 1000 March $600 calls for $37.50, closing the January $540 calls and adjusting
10/21/21 CrowdStrike (CRWD) buyer of 200 Sept. 2022 $400 calls for $13.10
10/21/21 PayPal (PYPL) trade for 2000 June $270/$230 bull risk reversals at $1.10 credits
10/21/21 Ambarella (AMBA) with a buyer of 1000 November $200 calls for $2.20
10/21/21 Cloudflare (NET) seeing 2500 January $140/$120 bull put spreads open today
10/21/21 Palo Alto (PANW) with 3750 Jan 2024 $400/$250 bull put spreads for $29.50, similar to the $400/$310 bull put spreads opening on 10/5
10/21/21 Z-Scaler (ZS) with 1125 January $280/$250 bull put spreads opening for $4.43 as some November short positions adjust
10/21/21 Zillow (Z) buyers today for 800 May $125 calls for $4.45
10/21/21 Airbnb (ABNB) with 450 February $170 puts being sold to open at $16 bids
10/21/21 Advanced Micro (AMD) with 2500 November $114 calls bought $7.85
10/20/21 Service Now (NOW) with 625 November 5th (W) $680 calls bought this afternoon for $23.20 ahead of earnings on 10-27