Topics covered:
1) 0:00 Announcements
2) 1:10 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:25 Stock Review – Watch List/General Ideas/Commentary: TSLA, MSFT, AAPL, GOOGL, AFRM, DXCM, INMD, BILL, DDOG, NOW, U, SNOW, SOFI, CCXI, ONON, RKLB, NVDA, AMD, ALB, LAC, LTHM, ENVX, GLBE
4) 21:30 Conclusion/Summary

Market Summary:
Not much has changed in my message over the past few videos. Keep it simple! We’re in a strong uptrend and I expect it to continue into year-end. There will be normal shakeouts and pullbacks along the way, but overall, the trend is strong. So far this week, Monday was a pause/digestion day on light volume for the Nasdaq Composite. Tuesday was a higher day on increased volume, a sign of institutional accumulation. Wednesday was another light volume digestion day. We could still see a pullback to the 21-day moving average, but I can’t see any sustained downside over the near-term because the price action of stocks is strong.

It was nice to see two of the recent stocks that were “in buyable ranges” work out well (ONON and RKLB). I don’t have any today because when I was screening and preparing for this video, I didn’t find too many compelling setups. Please keep in mind that I am always working for you and looking for ideas, but I will NOT force them if I don’t find any. As always, do your best to stay focused on the leading stocks into year-end, but do not chase extended stocks. Use the 21-day and 50-day moving averages as your guideline. Also, I review many of the leaders in tonight’s video, but I can’t cover all of them in interest of keeping the videos brief. If you want me to review anything not covered, I would be happy to in the next webinar. Thank you and good luck for the remainder of the week.

Unusual Option Activity
11/17/21 S&P 500 ETF (SPY) with 50,000 December $476 calls bought $3.03 as Dec. $460 and $458 calls adjust up
11/17/21 Tesla (TSLA) buyers active this morning in size lots for February $1350 calls for $10M
11/17/21 Tesla (TSLA) also buyers active in the May $2000 calls 1700X for $5.5M
11/17/21 ON Holdings (ONON) seeing 3,000 Jan $55 calls bought up to $3.50 to open as some of the Jan $45 calls bought on 11/9 adjust higher
11/17/21 Elastic NV (ESTC) buyers of 850 May $260 calls for $5.98 as some November positions adjust from recent buyers
11/17/21 LAM Research (LRCX) with 400 January $630 calls bought this morning from $36 to $37 ahead of the Applied Materials report
11/17/21 Unity Software (U) with 6000 December $220/$260 call spreads being bought this afternoon for $3.65
11/17/21 Apple (AAPL) seeing Dec. 23rd (W) calls active with the $150/$160 call spreads and also 15,000 of the $157.5 calls
11/17/21 Advanced Micro (AMD) seeing 10,000 January $175/$200 call spreads bought for $3.45
11/17/21 Coinbase (COIN) with 300 March $400 deep ITM puts selling to open near $84
11/17/21 Coinbase (COIN) also with buyers of 1000 February $400 calls $21.50 to $22.40
11/17/21 Atlassian (TEAM) bull spreads today are selling the January $380 puts and buying the $470/$520 call spread 735X
11/17/21 MongoDb (MDB) similar to TEAM seeing 565 January $490 puts sold to buy the $610/$680 call spread
11/17/21 Roblox (RBLX) with 1000 January $110 puts sold to open down to $7.50
11/17/21 Z-Scaler (ZS) opening seller 200 May $380 ITM puts $59.20 to $58.75
11/17/21 Bill.com (BILL) buyer of 4000 February $330 calls for $39.50 as 3000 of the $300 calls adjust
11/17/21 Spotify (SPOT) with 800 June $290 calls bought this morning for $26.10 to $27.10
11/17/21 Spotify (SPOT) also with 775 June $280 calls bought for $29.50 to $30.40
11/16/21 S&P 500 ETF (SPY) opening put sales today with 8000 Sept $255 for $2.41 and 10,000 Dec 2022 $260 short puts at $3.59
11/16/21 DexCom (DXCM) selling March $580 puts to buy the $700/$800 call spreads 600X as some bullish December spreads adjusted
11/16/21 Advanced Micro (AMD) seeing 3000 December 31st (W) $134 puts sold to open down to $2.80
11/16/21 Advanced Micro (AMD) also with buyers of 3000 February $200 OTM calls $3.90 to $4
11/16/21 Lithium Americas (LAC) down 7% today but seeing 2000 December $30 calls bought here to open for $3.30
11/16/21 Nvidia (NVDA) with 1340 June $310 calls opening for over $5M ahead of earnings 11-17
11/16/21 Microsoft (MSFT) with 1850 February $315 puts sold to open for $8.05
11/16/21 Microsoft (MSFT) seeing 3000 January 2024 $490 calls open for over $4M
11/16/21 Microsoft (MSFT) also seeing 6000 Dec 31st (W) $355 calls sell to open today, a level willing to get called away into year-end
11/16/21 Tesla (TSLA) this morning with a buyer of 2000 September $950/$1500 call spreads for around $169
11/16/21 Tesla (TSLA) also buyers active for nearly 2000 Dec. 3rd (W) $1195 calls and 1100 Dec. 10th (W) $1020 calls
11/16/21 ON Semi (ON) with 870 April $55 puts sold to open $4 to $3.90
11/16/21 Cloudflare (NET) with 400 January 2023 $195 puts sold to open today down to $36
11/16/21 Freeport McMoran (FCX) buyer 1000 Feb $44 calls for $2.29
11/16/21 Service Now (NOW) with 1000 December $680/$730 call spreads being bought for $20.05
11/16/21 Pfizer (PFE) put sales remain popular and today 4500 March $45 sold to open $1.44
11/15/21 LAM Research (LRCX) buyers of nearly 2000 Nov. 26th (W) $680 calls this morning $4 to $4.60
11/15/21 ASML (ASML) buyers of 1100 Nov. 26th (W) $900 calls $5.80 to $8, same expiry as peer LRCX
11/15/21 Amazon (AMZN) with 1170 February $4200 calls being bought $46 to $47 as November $3590 adjust
11/15/21 Nvidia (NVDA) with 1350 January $246.25 puts being sold to open $5.55
11/15/21 Nvidia (NVDA) also with 2000 January $295 calls bought midday for $23.50
11/15/21 Microsoft (MSFT) with a near $15M position opening with 1150 September 2022 $210 ITM calls as June $205 adjust
11/15/21 Affirm Holdings (AFRM) the February $150/$200 call spread being bought to open here 5000X for $14.10
11/15/21 Tesla (TSLA) seeing 6000 Dec. 23rd (W) $1000/$1100 call spreads open this morning
11/15/21 Tesla (TSLA) also seeing buyers of 3500 June 2022 $1450 calls for $22.5M that look to be adjusting from the $1000 strike.
11/15/21 ON Holdings (ONON) more bullish flow today with 1250 December $40 calls bought $1.85 to $2 ahead of earnings tomorrow morning
11/15/21 ON Holdings (ONON) seeing 2000 Nov. $35 calls close $2.85 that bought $0.90 on 10/20 and adjust to Dec. $35 calls for $3.80
11/15/21 Roblox (RBLX) trading 1100 February $115 calls $10.85 to $12.50 that will look to add to OI
11/15/21 Apple (AAPL) large bull trade opens 4500 May $180/$130 bull risk reversals at a $1 credit
11/12/21 Asana (ASAN) 375 May $160 calls bought for $19.30 to $19.40 this afternoon, more than $725K