The 10 Worst S&P 500 Weeks of the Year: https://twitter.com/WayneWhaley1136/status/1698774223823528164

Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:10 FOCUS LIST: NVDA, MSFT, ORCL, ADBE, CELH, LLY, NOW, UBER
4) 11:20 Stock Review – Software: IGV (ETF), CRM, CDNS, SNPS, WDAY, APP, PANW, QLYS
5) 13:05 Stock Review – Semiconductors: SMH (ETF), AMAT, AVGO, LRCX, KLAC, ONTO
6) 14:00 Stock Review – Energy: XLE (ETF), XOP (ETF), OIH (ETF), HAL, SLB, TDW, VLO, MPC, DINO
7) 15:10 Stock Review – Watch List/General Ideas/Commentary: CLS, EXTR, VRT, NVO, TSLA, COCO, MEDP
8) 17:30 Stocks near buyable ranges: META, NOW, AYX
9) 20:40 Conclusion/Summary

Market Summary:
As I mentioned in recent videos, so far the pullback that started in late July feels like a normal consolidation within an overall uptrend. We just need to be patient as we get through the seasonally weak months of August and September. For members concerned about the market’s recent weakness, please be patient! The big institutions are not selling with any consistent heavy volume. In addition, it’s tough to get overly bearish when many Mega Cap stocks are acting well, and with sentiment fairly muted. I review all these points in this video.

From here, continue to be patient as we get through this seasonally weak period. Keep any new buys light over the near-term. I always take things day-by-day, but for now, I will continue to reduce exposure into the end of this week on any strength. I am also planning to keep some core positions that I have strong entries on and like into year-end. As always, YOUR plan should be based on your own timeframe and investment objectives. If you have any questions, you can ask them during the next webinar which will be this Saturday, September 16th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
9/13/23 Emerging Markets ETF (EEM) opening sale 10,000 Sept 2024 $39 puts for 2.41
9/13/23 Semiconductor Bull 3X ETF (SOXL) with large buyers also active for 9000 Jan $26 calls at $2.35
9/13/23 UltraPro QQQ ETF (TQQQ) with 9000 Jan $48 calls being bought in large lots today for $2.25 to $2.45
9/13/23 Exxon (XOM) sweep buyers of 1000 April 120 calls 7.55
9/13/23 Morgan Stanley (MS) opening sale 2500 December 80 puts for 1.42
9/13/23 JP Morgan (JPM) large buyer of 1100 Nov $130 deep ITM calls at $18.25 offer
9/13/23 Rocket Pharma (RCKT) opening sale 5000 January $25 calls for 1.70
9/13/23 Sigma Lithium (SGML) buyer 600 January $35 calls $5.90 to $6
9/13/23 Adobe (ADBE) seeing a large bull open 1300 Nov $590/$510 bull risk reversals for $2.64 debits
9/13/23 Snowflake (SNOW) buy of 600 Oct. $165 calls for $8.65 adjusting Sep. calls
9/13/23 Nvidia (NVDA) buyer 2500 Oct. 13th (W) $490/$540 call spreads for $7.14
9/13/23 Oracle (ORCL) seeing over 2800 Sept 29th $112 calls bought at $2.92
9/12/23 Homebuilders ETF (XHB) buyer 7000 Oct $80/$73 put spreads adjusting Sept spreads
9/12/23 Emerging Markets ETF (EEM) opening sale 5250 Jan 2025 $39 puts $2.86
9/12/23 Gold ETF (GLD) opening seller 2000 Sept 2024 $180 puts for 7.45
9/12/23 Uber (UBER) large buyer of 760 Oct $35 deep ITM calls at $13.70, adjusting the Sept calls
9/12/23 Lululemon (LULU) with 350 November $390 calls bought for $750K
9/12/23 Halliburton (HAL) with 3000 November $37 short puts opening 0.63
9/12/23 ConocoPhillips (COP) opening seller of 660 Oct $125 puts at $4.60
9/12/23 Valero (VLO) opening seller 1345 January 160 calls for 5.65
9/12/23 Eli Lilly (LLY) buyer 1275 Nov $620 calls $20.90 and also sells 500 each of the $670 calls and $540 puts
9/12/23 Oracle (ORCL) with 3000 November 105 puts selling to open for $2.01
9/12/23 Oracle (ORCL) opening sale of 2300 Oct 27th $105 puts for $1.56
9/12/23 Oracle (ORCL) with 4000 Oct $115 calls bought $2.00 to $2.15, also 1500 Nov $110 calls buying at $5.10
9/12/23 Oracle (ORCL) 1250 Oct. 6th (W) $110 calls bought $3.10 to $3.35
9/12/23 Nvidia (NVDA) buyer 200 January 2026 $500 calls $133.80 to $134 for $2.8M
9/12/23 Alteryx (AYX) opening sale of 630 January 2026 $45 calls at $5
9/12/23 Alteryx (AYX) Potential target area up of where a deal may be priced with $5 credit allows for move to 50
9/12/23 Advanced Micro (AMD) with 1000 Dec. 2025 $115 short puts opening 28.47 as some June 2025 $110 adjust
9/11/23 Home Depot (HD) opening sale 10,000 Nov $305 puts $3.40 to $3.33
9/11/23 Philip Morris (PM) buyer of 900 Jan 2026 $100 calls for $9.50
9/11/23 Uber (UBER) buyer 1750 April $50 calls $5.50
9/11/23 Valero (VLO) seeing some Sept $125 calls close and open 3250 Nov 155/120 bull risk reversals
9/11/23 Occidental Petroleum (OXY) opening sales 5500 June $60 puts $3.95
9/11/23 Tidewater (TDW) seeing 800 Oct 70 calls bought 4.75 as Sept 65 calls adjust
9/11/23 Eli Lilly (LLY) opening sale of 400 June $600 puts for $50.05
9/11/23 Eli Lilly (LLY) also opening sale of 100 Jan 2025 $600 puts for $64.60
9/11/23 Novo Nordisk (NVO) with 3000 October $220 calls bought $2.50 o $2.90
9/11/23 Advanced Micro (AMD) with 3200 February 70 puts sold to open 1.34
9/11/23 ON Semi (ON) opening sale 3250 Nov 80 puts for 1.42
9/11/23 Microchip (MCHP) with 10,000 November $70 puts sold to open 1.20 to 1.15
9/11/23 Oracle (ORCL) large trade into earnings opens 2100 Dec 130/110 bull put spreads for $8.84
9/11/23 Google (GOOG) lot of 600 April 130 puts sold to open for 7.40
9/11/23 Tesla (TSLA) buyer of 4000 June $420 calls at $12.00 to $12.60 in good sized lots, over $5.2M
9/11/23 Tesla (TSLA) also seeing some buyers of 185 January 2026 $350 calls at $67 to $70, new 2026 LEAP options listed today in many names
9/11/23 Oil & Gas ETF (XOP) with a large trade sell to open 28,000 December $130 puts at $1.95 to buy the $160 calls at $6.00 to $6.25,
and some spreading 15k sales of the $170 calls for $2.80, large bullish trade into year end