Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:00 FOCUS LIST: SMH (ETF), NVDA, PANW, WING, RVNC
4) 12:55 Stock Review – Semiconductors: AMD, ACLS, ALGM, PI, LSCC
5) 15:00 Stock Review – Software: MSFT, FTNT, TENB, DUOL
6) 16:25 Stock Review – Biotech: XBI (ETF), VKTX, TERN, ETNB, RCUS, KRYS, AXSM, AUPH, TGTX, AMPH, CBAY, BBIO, APLS, ISEE, ITCI, ACLX, VRNA
7) 20:30 Stock Review – Watch List/General Ideas/Commentary: ITB (ETF), SGML, ANET, PODD, DXCM, SWAV, LNTH, ONON, DECK, INOD, FOUR, ASO, TXRH
8) 24:55 Conclusion/Summary

Market Summary:
In this video, I review the market’s recent price action. So far this week, the consolidation has continued. It’s been on below average volume and many stocks are acting well beneath the surface. I’m still approximately 70% invested and haven’t made many trades this week. I’m just doing my best to remain patient and adapt to this rangebound market. I think we eventually break out to the upside, but I will of course be open-minded and take this day-by-day. Just remember to use the 5 guidelines I have outlined in recent videos.

The main point I review in the beginning of this video is to remind members to work on their decision making. As the market and growth stocks hopefully continue to improve, there will be more ideas and that means more decisions. I encourage members to work on building their decision-making muscle and to accept that you’re never going to get the high or the low. Also, remember that you can always scale in and out of positions. It doesn’t have to be all or none. If you have any questions, you can ask them during the next webinar which will be this Saturday, April 22nd at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
4/19/23 Biotech ETF (XBI) buyer 1250 December 2025 $105 calls for 10.35
4/19/23 Nasdaq 100 ETF (QQQ) opening sale 3450 October $321 puts for $18.16 while 3450 of the $336 calls sold to open $14.50
4/19/23 Tech ETF (XLK) with 4250 September $155 calls selling to open $6.80 into a big slate of earnings next week
4/19/23 Ulta (ULTA) opening sale 500 June 485 puts for 5.90
4/19/23 Boeing (BA) 1660 far OTM Sep 270 calls bought 1.99 offer
4/19/23 Intuitive Surgical (ISRG) seeing 1071 June $310/$330 call spreads bought for $6.82
(adjusting higher the $270/$290 spreads that nailed the move from last week)
4/19/23 Apellis (APLS) spreads sell July $105 calls and buy the $75 puts against the $60, likely protective looking for $105 in a takeout
4/19/23 CrowdStrike (CRWD) buyer 650 October $155 calls $10.50
4/19/23 Microsoft (MSFT) with massive buys of 9000 May 5th (W) $282.50 ITM calls for over $10M
4/19/23 Samsara (IOT) unusual buying 1400 July $25 calls up to $1.50 offers
4/19/23 Advanced Micro (AMD) opening sale 1000 August $75 puts for $3.30
4/19/23 Advanced Micro (AMD) also 5000 July $70 calls bought $22 that will look to add to OI
4/18/23 Nasdaq 100 ETF (QQQ) big buyer 5000 July $325 calls for $13.57
4/18/23 Nasdaq 100 ETF (QQQ) also a seller of 15,000 May $320 puts for $6.80
4/18/23 S&P 500 ETF (SPY) morning buyers 4000 May 5th (W) $416 puts for $2.5M
4/18/23 Coffee ETF (JO) opening seller 1050 September $57 puts for $3.90
4/18/23 ON Holding (ONON) buyer 500 January 2025 $45 calls $5.40 to $5.90
4/18/23 ELF Beauty (ELF) with 1000 August $115 calls bought $3.35
4/18/23 Wynn Resorts (WYNN) buyer 1500 May 5th (W) $115 calls $2.55 to $2.66 into LVS results
4/18/23 Airbnb (ABNB) opening seller 600 July $105 puts for $4.15
4/18/23 Doordash (DASH) spread sells 3000 May 5th (W) $53 puts to buy 3500 of the $64/$73 call spreads
4/18/23 Doordash (DASH) massive roll trade opens 35,000 August $45 calls $20.05 from May 45
4/18/23 Baker Hughes (BKR) with 2500 January $27 puts sold to open $2.45
4/18/23 Baker Hughes (BKR) also seeing 8100 May $31 calls bought for $0.70, up to 15k on the day
4/18/23 Occidental Petro (OXY) with 3000 November $85 calls bought $1.17 offer
4/18/23 Schlumberger (SLB) reports 4/21 and seeing a large buy of 1800 June $52.50 straddles for $6.50, expecting a big move
4/18/23 Exxon (XOM) seeing late day large buys of 10,000 May 5th $120 calls here for $1.20, reports next week
4/18/23 Madrigal (MDGL) buyer of 500 July $270 calls for $47 and size July bull risk reversals remain in OI
4/18/23 Madrigal (MDGL) also seeing 275 January $270 puts sell to open for $49 down to $43.50, adjusting the July $290 short puts
4/18/23 Viking Therapeutics (VKTX) buyer 750 OTM July $24 calls $2.95
4/18/23 Viking Therapeutics (VKTX) over 4700 of the November $5 ITM calls selling to close here for $15.80
4/18/23 Viking Therapeutics (VKTX) massive buyers of more than 5400 of Jan 2025 $10 deep ITM calls for $13.60 offers
(potentially a roll from the Nov $5 calls that just closed out)
4/18/23 Dice Therapeutics (DICE) opening seller of 1617 May 30 puts for 2.20 as April 35 adjust
4/18/23 Karuna Therapeutics (KRTX) buyer of 1000 August $240 calls at $8 as some May 200 adjust
4/18/23 Enovix (ENVX) with 2000 July 12.50 puts sold to open 1.75
4/18/23 Enovix (ENVX) also with 5000 July $15 calls bought against the $12.50 puts sold in bull risk reversals
4/18/23 Boeing (BA) opening seller 1500 November $145 puts $3.65
4/18/23 Newmont (NEM) buyer 1000 June 2024 $65 calls $4.10 and 1000 of the $75 calls $1.70
4/18/23 Applied Materials (AMAT) opening seller 2465 July $95 puts for 2.77, trade also bought 4950 July $115/$130 call spreads
4/18/23 KLA Corp (KLAC) buyer of 1131 June $390/$420 call spreads and sells 565 of the $310 puts, similar structure to AMAT trade
4/17/23 Tesla (TSLA) with a block of 10,000 April 28th $170/$160 put spreads bought for $1.78
4/17/23 Tesla (TSLA) massive buy of 25,000 August $120 calls for $69.24 finally rolls those April $80 calls
4/17/23 Tesla (TSLA) also seeing more than 5000 September $140 puts bought at $8.15, adjusting some June puts out
4/17/23 PayPal (PYPL) buyer 1000 October $95 OTM calls at $3.20 offer
4/17/23 Aurinia (AUPH) more unusual call buying today with 2000 May $13 calls opening $1.20
4/17/23 Viking Therapeutics (VKTX) with 2500 January 2025 $10 calls being bought today near $13 to open
4/17/23 Karuna Therapeutics (KRTX) interesting bull trade bought 300 November $200 calls for $22.20 to open
4/17/23 Lantheus Holdings (LNTH) buyer of 463 October $90 calls at $13.30, adjusts the August $55 calls
4/17/23 Uber (UBER) large buyer midday for 5000 August $35 calls at $2.25 offers
4/17/23 Cameco (CCJ) with 1500 September $27 ITM puts selling to open 2.93
4/17/23 Nvidia (NVDA) buyer of 2250 July $345 calls at $4.22, adjusting the May $290 calls
4/17/23 Google (GOOG) with 5000 April 28th (W) $105 puts selling to open $3.45
4/17/23 Advanced Micro (AMD) block of 2150 June 2nd (W) 75 puts sold to open 1.25
4/17/23 Oracle (ORCL) seeing 1100 May 12th $95 puts sold to open at $1.43 bids
4/17/23 Taiwan Semi (TSM) with another 1250 September $95 puts sold to open today 10.70