Topics covered:
1) 0:00 Announcements
2) 0:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:50 Stock Review – Energy: XLE (ETF), XOP (ETF), OIH (ETF), DINO, SM, OXY, MTDR, HP, ADM
4) 11:40 Stock Review – Biotech/Medical Products: XBI (ETF), IBB (ETF), INBX, PRTA, ACLX, MEDP, PRCT, DXCM, PODD, HALO, HRMY, TMDX
5) 16:45 Stock Review – Lithium Related: ALB, LTHM, SGML
6) 18:05 Stock Review – Semiconductors: SMH (ETF), GFS, PI, ON, AEHR
7) 19:20 Stocks near buyable ranges: APA, CVI
8) 22:25 Conclusion/Summary

Market Summary:
After last week’s CPI (inflation) report, the market surged to the upside and has been consolidating well since. As I mentioned in last weekend’s video, I would like to see sideways digestion on light volume to give time for growth stocks to hopefully provide safer entry points over the next 1-3 weeks. In this video, I stress the importance of the 21-day EMA (exponential moving average). Statistically, this is an area where indexes, ETFs, and strong stocks find support while they are in uptrends. Right now, it’s important to wait patiently for the market and many growth stocks to pullback to this level in order to provide safer entry points. As I’ve mentioned many times, no matter your timeframe, focus on getting safer/better entry points and DO NOT chase extended stocks.

The biggest challenge I’m finding right now is the lack of growth stocks. There are definitely some stocks in the Energy sector that are near buyable points and I present them in this video. However, I prefer members still use lighter than normal positions until stocks prove themselves a little better. The indexes are acting well, but the lack of growth stocks is a little concerning and I will always lean a little more defensive until conditions improve. If you have any questions, you can ask them during the next webinar which will be tomorrow, Thursday, November 17th at 2PM EST. Thank you!

Unusual Option Activity:
11/16/22 S&P 500 ETF (SPY) with 3500 Dec. 9th (W) $395 puts opening near $7.15
11/16/22 S&P 500 ETF (SPY) also 3000 February $377 puts bought for $3.2M
11/16/22 China ETF (FXI) sale to open 6000 January 2024 $25 puts for 3.26
11/16/22 Target (TGT) into weakness today seeing 4000 December $150 calls bought $4 to $5.20
11/16/22 Occidental (OXY) opening sale 1300 June $65 puts for $6.15
11/16/22 Devon (DVN) opening sale 1300 June $65 puts $8.10
11/16/22 Apache (APA) opening sale 1500 April $50 ITM puts 7.65
11/16/22 Biogen (BIIB) with 700 April 210 puts selling to open 5.60 to 5.30
11/16/22 Apple (AAPL) with 10,000 Dec. 9th (W) $148 puts selling to open $4.10
11/16/22 KLA Corp (KLAC) with 1100 December $390 calls sold to open $11.30 to $10.90
11/15/22 S&P 500 ETF (SPY) with 38,000 Dec $382 puts opening for $15M as the $376 put hedges adjust
11/15/22 Russell 2000 ETF (IWM) buyer 3000 Feb $188 calls bought $11.24 as Jan adjust
11/15/22 Home Depot (HD) size opening seller 1000 Jan 2024 $300 puts for $32.20
11/15/22 MGM Resorts (MGM) opening seller 400 March $39 puts $3.85 and 400 June $39 puts $4.90
11/15/22 Apache (APA) with 1600 Dec $40 ITM calls bought $8.20 to $9.53 today
11/15/22 Schlumberger (SLB) buyer of 4000 Jan $57.50 calls at $2.65, also sold the $47.50 puts at $1.53
11/15/22 Visa (V) size buyer 1630 Sep. 2023 $240 calls $13.15 offer
11/15/22 Google (GOOG) trade opens 3000 March $115/$90 bull risk reversals for a credit
11/15/22 Oracle (ORCL) opening seller of 1500 June 2024 $70 puts at $6.68, adjusting Jan 2024 short puts
11/15/22 Microsoft (MSFT) block of 10K January $220 puts sold to open $4.20
11/14/22 S&P 500 ETF (SPY) buyers active early for 24,500 Dec. 30th (Q) $375 puts for $11.5M
11/14/22 S&P 500 ETF (SPY) also buyer of 4700 April $355/$425 ITM call spreads
11/14/22 Oil & Gas ETF (XOP) with 1750 March $165 puts opening $18.30
11/14/22 Palo Alto (PANW) 2400 January 2025 $160 puts sell to open 30.10 into earnings
11/14/22 Palo Alto (PANW) also 1200 Jan. 2025 $160 calls sold to open $45.10 in that trade
11/14/22 EOG Resources (EOG) opening seller 300 January 2024 $148.50 puts for $25
11/14/22 Visa (V) buyer of 1300 Feb $230 calls at $4.30 offers
11/14/22 InMode (INMD) buyer 750 May $45 calls at $4
11/14/22 Bristol Myers (BMY) with 4500 January $72.5 puts selling to open 1.20
11/14/22 Taiwan Semi (TSM) with 1750 March $80 calls bought $3.30
11/14/22 KLA Corp (KLAC) seeing 800 Dec $430/$330 bull risk reversals open at $0.65 debit
11/14/22 Google (GOOGL) seeing 2800 June $112/$130 call spreads bought for $3.45