Seasonality chart from Ryan Detrick: https://twitter.com/RyanDetrick/status/1635826449427963904

Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:50 Stock Review – Semiconductors: SMH (ETF), NVDA, AMD, ACLS, ALGM, PI, CRUS, LSCC, GFS, AEHR, MBLY, SMCI
4) 15:30 Stock Review – Software: FTNT, CDNS, ALTR, ANSS
5) 17:00 Stock Review – Biotech: XBI (ETF), RVNC, CBAY, APLS
6) 18:30 Stock Review – Watch List/General Ideas/Commentary: SGML, WING, TXRH, ANET, LNTH, PODD, DXCM, TMDX, FOUR, ONON, DECK, PERI, INOD
7) 23:45 Stocks near buyable ranges: PANW, TENB, AI, RCUS
8) 28:45 Conclusion/Summary

Market Summary:
At the beginning of this video, I review some of the recent questions on investor’s minds. Rather than overthinking the macro picture, the biggest question in my view is: Will the strength in tech and the Nasdaq lift the market or will the weakness in other sectors weigh down on the overall market? My conclusion in recent videos is to remain defensive until we get more clarity. Over the past week, the Nasdaq Composite pulled back on light volume down to its 21-day EMA and bounced today on stronger volume. In addition, the price action in many growth stocks continues to improve. As you know, I judge the health of the market based on the price action and right now many stocks across several different sectors continue to act well. As I result, I increased my investment levels this week from 40% to 50% invested.

I’m still expecting volatility over the near-term, but I can ignore the upcoming positives: 1) New money tends to flow into the market at the beginning of the month and quarter. 2) April is statistically one of the stronger months of the year. 3) After the strong start to the year and a healthy consolidation, we could be heading into a seasonally strong time (see Ryan Detrick chart above). It’s possible that the Silicon Valley Bank situation was the perfect shakeout to create enough doubt and fear in the market before heading higher. Again, I am still open-minded to the macro concerns, but I remain a little more positive than most people because of the overall improvement in price action. If you have any questions, you can ask them during the next webinar which will be this Saturday, April 1st at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
3/29/23 S&P 500 ETF (SPY) seeing 2000 August $383 puts sell to open for 11.85
3/29/23 General Motors (GM) buyer 10,000 June $41 calls $0.68 to $0.70
3/29/23 Roblox (RBLX) large opening sales of over 8000 July $30 puts at $1.50 bids
3/29/23 Roblox (RBLX) also with 750 June 2024 $45/$60 call spreads bought here for $4.75
3/29/23 Wynn Resorts (WYNN) size buy 1200 January $145 calls $5.99
3/29/23 WingStop (WING) with 800 September 120 puts selling to open 4.20
3/29/23 Enphase Energy (ENPH) with a large opening sale of 1500 January 2025 $120 puts for $16.70
3/29/23 Schwab (SCHW) buyer of 1250 April $53 calls for $3.45 offer
3/29/23 Schwab (SCHW) another vote of confidence with 2900 March 2024 $47.50 puts selling to open $5.55
3/29/23 ICU Medical (ICUI) unusual trade buys 1000 May $160 calls at $11.10
3/29/23 DexCom (DXCM) trade opens 500 June $130/$115 bull risk reversals at $5.70 credit, rolls April spreads
3/29/23 Delta (DAL) with 16,000 May $35/$27 bull risk reversals opening for $0.73
3/29/23 United (UAL) with 10,000 May $45/$38 bull risk reversals opening $1.20 debit, similar to DAL trades
3/29/23 Nvidia (NVDA) buyer of 3000 January $275 calls for $48.15 adjusts the 220 strike calls
3/29/23 Amazon (AMZN) buyer 8000 September $150 calls 0.65
3/29/23 Alibaba (BABA) bull flow continues with the 5500 September $150 calls bought $1.97
3/29/23 Alibaba (BABA) also seeing 5000 May $100 calls active with buyers $3.85M
3/29/23 Palo Alto (PANW) with 1300 June $193.33 puts sold to open at $12.85 to $12.45
3/29/23 Lattice Semi (LSCC) unusual 900 May $105 calls bought $2.30
3/29/23 Box (BOX) unusual buys 2300 May $26 calls $1.10 to $1.20
3/29/23 Meta (META) buyer 1800 Apr. 28th (W) $230 calls for $3.50 to 43.55 captures earnings week
3/28/23 Nasdaq 100 ETF (QQQ) size buys 2000 each August and September $315 calls today for $7.5M
3/28/23 Nasdaq 100 ETF (QQQ) also buyer of 2500 January 2025 $340/$445 call spreads at $27.70
3/28/23 Oil and Gas ETF (XOP) spread sells 1000 January $140 calls to buy 1000 of the $110 puts, credit of $0.72
3/28/23 Utility ETF (XLU) with 7500 September $63 puts sold to open $2.16 to $2.35
3/28/23 Russell 2000 ETF (IWM) buyers 7000 April 14th (W) $177.50 calls $2.49, also 10K May 157 puts selling to open
3/28/23 Ulta Beauty (ULTA) opening seller 600 May $510 puts for $12
3/28/23 Wynn Resorts (WYNN) 3000 April 28th $108 calls sold to open $3.75, big theme in casinos lately seeing call sales
3/28/23 Netflix (NFLX) opening seller 200 November $320 puts for $39.50
3/28/23 Schwab (SCHW) opening seller 2000 January $47.50 puts for 5.72 a big vote of confidence
3/28/23 Schwab (SCHW) 1660 April 48.5 puts sell to open 1.32
3/28/23 Schwab (SCHW) also with 670 June 2024 $40 ITM calls bought $19.50
3/28/23 Citigroup (C) large buyers of 5800 May $45 puts for $2.70 to $2.75
3/28/23 Celldex Therapeutics (CLDX) buyer 200 January 2025 $30 calls $15.40
3/28/23 BridgeBio (BBIO) interesting buy of 700 August 22.5/30 call spreads $1.10 with it receiving takeover interest
3/28/23 Sigma Lithium (SGML) unusual 1000 May $45 calls bought $1.65 to $1.75 with reports of Tesla buyout interest
3/28/23 Alibaba (BABA) with 7025 August $125 calls bought $3.95 to $4.05
3/28/23 Alibaba (BABA) also seeing large buyers of 7500 May $100 calls at $6.13, adjusting higher the $90 calls
3/28/23 Nvidia (NVDA) early morning buyers of 2000 January $420/$520 call spreads
3/28/23 Nvidia (NVDA) also seeing 1100 June $237.50 puts sold to open $14.25 down to $14.10
3/28/23 Apple (AAPL) seeing 10,000 April $162.50 calls sell to open at $1.74
3/28/23 Amazon (AMZN) trading another 13,500 of those August $120/$140 call spreads
3/28/23 Spotify (SPOT) buyer of 1000 May $140/$165 call spreads for $4.70
3/28/23 Adobe (ADBE) with 1000 June $340 puts sold for $11
3/28/23 Palo Alto (PANW) seeing 750 June $193.33 puts sell to open $12.85
3/28/23 Google (GOOGL) buyers of 5000 April 28th $112 calls for $1.02, captures earnings week
3/27/23 Nasdaq 100 ETF (QQQ) spread buys 6000 June 30th (Q) $335 calls for $6.46 and sells 9000 of the $220 puts for $0.86
3/27/23 S&P 500 ETF (SPY) with 2390 Oct. $365 puts sold to open for $3M premium and 1700 of the $380 calls bought for $6.8M
3/27/23 ON Holding (ONON) buyer 3000 May $30 calls $3.30 looking to add to OI on the dip
3/27/23 Devon Energy (DVN) large opening sales 4150 October $50 calls for $4.85
3/27/23 Schwab (SCHW) 3500 April $47 puts sold to open 1.18
3/27/23 Schwab (SCHW) opening sellers of 1900 September $35 puts for $1.52 bids
3/27/23 Schwab (SCHW) also with a block of 500 December 2025 $45 puts sold to open for $7.50
3/27/23 American Express (AXP) massive buy 35,000 June $125 calls $40.03 as April adjust out a month
3/27/23 Aurania Pharma (AUPH) odd buyers of 1150 May $11 calls for $1.56 offers
3/27/23 Sarepta Therapeutics (SRPT) seeing 1250 April $140 calls bought for $2.80
3/27/23 United Rentals (URI) with 1000 April 14th (W) $375 calls bought for $1.35M into recent weakness
3/27/23 Olaplex (OLPX) unusual 3500 April 4 calls bought 0.35 early
3/27/23 Google (GOOGL) with 1050 June 2024 $76 puts sold to open $4.05
3/27/23 Google (GOOGL) also opening seller 20K April 107 calls
3/27/23 ON Semi (ON) with 2400 Sep. $50 puts selling to open $1.61
3/27/23 Palo Alto (PANW) opening seller of 2300 Sept $145 puts at $3.25
3/27/23 Twilio (TWLO) opening sellers 1900 May $45 puts for $1.10
3/27/23 Twilio (TWLO) also seeing spreads sell 1000 October $50 puts to buy 1000 of the 70/$100 call spreads
3/27/23 Microsoft (MSFT) large opening sales of 4800 December 2024 $420 calls for $8.30 down to $7.75
3/24/23 Arcus Bio (RCUS) with 1900 July $20 calls bought up to $1.70 from $1.50. Trades at a $1.2B market cap with 1.1B cash