Ryan Detrick tweet about February second half weakness: https://twitter.com/RyanDetrick/status/1625267071268401161

Topics covered:
1) 0:00 Announcements
2) 0:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:30 Stock Review – Biotech: XBI (ETF), RVNC, VTYX, IMCR, VRNA, AXSM, AMLX
4) 13:00 Stock Review – Semiconductors: SMH (ETF), ACLS, ALGM, PI, ASML, KLAC, LSCC, AEHR, AMKR, MBLY
5) 17:00 Stock Review – Software: AYX, ESTC, SPLK, AI, OSPN, TENB
6) 19:00 Stock Review – Watch List/General Ideas/Commentary: TMDX, VAL, TDW, SLB, TECH, WING, URI
7) 21:30 Conclusion/Summary

Market Summary:
The market pattern I’ve discussed over the past several weeks continues. We are seeing the up days occur on strong volume and the down/consolidation days are coming on lighter volume. I still think we’re in a healthy uptrend that could last into mid-March, but please keep in mind that we will have normal pullbacks along the way. A few points I mention in this video: 1) I was expecting this week to trend up because it’s the week of Options Expiration (OpEx). So far it has, but it’s occurred on below average volume. I’m not trying to micromanage things, but it could be a sign that we are running out of steam over the short-term. 2) The week AFTER OpEx tends to trend to the downside. 3) The Ryan Detrick statistic (see link above) shows that the second half of February tends to show weakness. 4) The QQQ strangle trade from January 30th (listed at the bottom of this page) potentially means that 310 could be the upside until early March.

As always, I am doing my best to present some of the statistics and probabilities. I encourage members to make decisions based on your own timeframe and investment objectives. For example, if you are a longer-term holder, accept some volatility along the way. If you trade shorter-term, use the ranges to help with your investments levels. Either way, remember that getting strong entry points will help with your decisions and please do NOT chase extended stocks. If you have any questions or would like me to review any stocks not mentioned in this video, you can ask them during the next webinar which will be this Monday, February 20th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
2/15/23 Oil & Gas ETF (XOP) with 5000 June $125 puts bought $6.80
2/15/23 Nasdaq 100 ETF (QQQ) buyer 1800 August $305 puts for $17.32, also a seller 8000 March 10th (W) $310 calls to open for 5.90
2/15/23 Tesla (TSLA) buyer of 3000 September $275/$175 put spreads for $58.89
2/15/23 Wynn Resorts (WYNN) seeing 2200 March 31st $104 calls sold to open for $8.03, adjusting Feb short calls
2/15/23 Array Technologies (ARRY) buyer 1000 March $22.50 calls $1.70
2/15/23 Conoco (COP) buyer 12500 March $105 puts for $2.17
2/15/23 Zillow (Z) buyer 1100 far OTM December $75 calls $1.84 offer
2/15/23 Zillow (Z) also buyer of 1300 March $45 calls $4.10 sells 2600 of the $55 calls
2/15/23 Block (SQ) buyers of 1300 Sept $115 calls at $4.70, reports 2/23
2/15/23 Procept Biorobotics (PRCT) buyer 1500 March $35/$25 put spreads, earnings 2-28, rolls Feb. puts
2/15/23 Prometheus Biosciences (RXDX) opening sale 1000 May 165 calls for 5.35
2/15/23 Taiwan Semi (TSM) opening sale 2000 September $65 puts $1.39
2/15/23 Salesforce (CRM) buyer 1200 April $175 calls $9.45 as Feb. 170 adjust
2/15/23 Amazon (AMZN) buyer of 5000 March 31st (W) $110/$118 call spreads
2/15/23 Nvidia (NVDA) with 18,000 March $275 calls selling to open $2.33 to $2.26
2/14/23 S&P 500 ETF (SPY) with 17,500 April $394 puts bought $5.68 and 30,000 of the $391 puts also bought
2/14/23 Homebuilders ETF (XHB) 2400 September $69 puts sold to open for $5.20
2/14/23 Consumer Staples ETF (XLP) with 3000 January $75 puts sold to open $4.13
2/14/23 MGM Resorts (MGM) with 1080 September $34 puts sold to open 1.32
2/14/23 Exxon (XOM) opening sale 15,000 April 130 calls 1.26
2/14/23 Halliburton (HAL) opening seller 11,800 April $43 calls for $1.17
2/14/23 Immunocore (IMCR) into weakness seeing 445 April $65 ITM puts sell to open for $5.40 to $7
2/14/23 J&J (JNJ) with 420 June 2024 $150 ITM calls bought near 22.90
2/14/23 Amylyx Pharma (AMLX) with 1000 May $45 calls sold to open $2.50
2/14/23 Snowflake (SNOW) with 300 August $160 puts sold to open 23.45
2/14/23 Google (GOOGL) up to 10,000 March 105/114 call spreads bought
2/14/23 Google (GOOG) buyers 7000 July $100 calls $6.20
2/14/23 Tesla (TSLA) buyer of 2000 July $245 calls $20.80, the July $240 calls bought 1500X at $22.25 and April $240 calls with 10,000 bought $11.50
2/13/23 Russell 2000 ETF (IWM) with 10,000 May $185 puts bought $6.24
2/13/23 Oil & Gas ETF (XOP) with opening sales of 2100 June $147 calls at $9.40
2/13/23 Nasdaq 100 ETF (QQQ) buyer 32,500 February $315 calls $1.05
2/13/23 Tesla (TSLA) seeing a block of 4750 Feb 24th $170 calls bought at $23.09, adjusting Feb 17th calls
2/13/23 Exxon (XOM) buyer 1000 June 2024 $150 calls $5.15 offer
2/13/23 Diamondback Energy (FANG) late day buyer of 3500 June $130 puts for $5.20
2/13/23 Block (SQ) with 1250 September $110 calls bought up to $4.55
2/13/23 Bicycle Therapeutic (BCYC) with 1600 June $35/$45 call spreads bought to open
2/13/23 Freeport McMoran (FCX) trade puts on 3500 April $45/$40 bull risk reversals at $0.01
2/13/23 Celsius (CELH) opening sale of 1100 April $145 calls at $1.50
2/13/23 Google (GOOGL) buyer 5000 April 105/125 call spreads
2/13/23 Google (GOOGL) buyer 1500 July $95 calls $9.06 and sells 750 of the $85 puts for $4.14
2/13/23 Apple (AAPL) aggressive opening seller 12,000 Mar. 3rd (W) $157.5 ITM puts $7.25
2/13/23 Microsoft (MSFT) buyers of 9000 May $315 calls at $3.50 up to $4.00
2/13/23 Cloudflare (NET) with 500 August $90 calls bought $4.95
2/13/23 Advanced Micro (AMD) large opening seller 3000 June 2024 $85 puts for $15.50
Trade I mentioned in today’s video from 1/30/23 – Nasdaq 100 ETF (QQQ) with 10,000 March 3rd $275/$310 strangles sold to open for $5.24, expecting a range between there in next month