Link to IBD LIVE trial: https://get.investors.com/ibd-live/?src=A00459A&refcode=JF_Links

Topics covered:
1) 0:00 Announcements
2) 1:05 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:00 FOCUS LIST: NVDA, MSFT, ADBE, NOW, LLY, NVO, UBER
4) 9:05 Stock Review – Software: IGV (ETF), SNPS, CDNS, PANW, CRWD, QLYS, ZS, CRM, AYX, DUOL, ESTC, ORCL
5) 12:10 Stock Review – Semiconductors: SMH (ETF), AVGO, KLAC, LRCX, AMD
6) 14:00 Stock Review – Watch List/General Ideas/Commentary: DELL, META, NFLX, AMZN, SHOP, BKNG, AVAV, ANET, LULU, DKNG, WING, RXST, RYTM, BBIO
7) 18:20 Conclusion/Summary

Market Summary:
We saw incredible technical strength during the first half of November. That’s when I started to summarize my market thoughts in 3 steps: 1) The strength into mid-November. 2) To begin to expect consolidation either through price or through time. Towards the end of November and into early December, the Nasdaq Composite and many leading stocks were approaching their 21-day EMAs. That’s when I mentioned in recent videos to start getting ready for step 3) Which is a move higher out of this range and to expect continued strength into mid-January. Over the past 1-2 weeks, many stocks offered strong entry points, and have been working well so far. I’m pleased to hear from members who are doing well and understanding the concept of calm and confident trading.

If you missed the move in early November, the market gave you plenty of chances to put money to work over the past week or two. If you still hesitate and have trouble making decisions, please keep in mind that you can always start with partial positions to help build your decision making muscle. I’m doing my best to keep things simple. Since that second follow through day in early November, I have been 80-90% invested. I’m doing my best to manage trades and take advantage of this strength. Of course, I have been stopped out of a few positions, but for the most part, the dips have been shallow and many names on our focus list and watch list continue to act well. From here, I don’t think step 3 will be straight up, so use the 21-day as your guide when we have normal pullbacks. If you have any questions, you can ask them during the next webinar which will be this Saturday, December 16th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
12/12/23 S&P 500 ETF (SPY) opening sellers of 3000 June $490 ITM puts for $29.50, strong vote of confidence of rally continuing next year
12/12/23 S&P 500 ETF (SPY) also size buys of 15,000 Jan 31st (W) $460/$480 call spreads
12/12/23 Nasdaq 100 ETF (QQQ) buyer of 3500 Jan 5th $400 calls at $3.75, adjusting Dec 22nd $398 calls
12/12/23 Semiconductors ETF (SOXX) seeing buyers of 475 January $540 calls at $17.20 to $17.40
12/12/23 Tesla (TSLA) 1400 May $240 puts sold to open with 1000 at 29.40 and 400 at 29.15
12/12/23 Lyft (LYFT) massive trade buying 25,000 Feb $20/$25 call spreads at $0.33 as the Jan $15 calls adjust higher
12/12/23 Occidental (OXY) opening sale 2250 May 47.5 puts for 1.03.
12/12/23 Schlumberger (SLB) 2500 February $50 calls sell to open 2.29
12/12/23 MasterCard (MA) large buy 400 January 2026 $460 calls for $48.90
12/12/23 Cytokinetics (CYTK) with Jan 60 and 70 OTM calls trading 2000X
12/12/23 Caterpillar (CAT) large opening sale 800 May $240 puts at $8.50 bid
12/12/23 Advanced Micro (AMD) with 1240 Jan. 12th (W) $135 calls bought $5.28 as Jan. $130 adjust
12/12/23 Advanced Micro (AMD) opening seller of 1500 Jan $140 puts for $6.75 and 1200 of the April $175 calls buying for $3.50 to $4
12/12/23 Snowflake (SNOW) seeing 1550 February $195 calls bought near $12 to open
12/12/23 Nvidia (NVDA) seeing size late day buys of 3500 Jan 5th (W) $430 ITM calls for $17M
12/12/23 Structure Therapeutics (GPCR) late day buyer of 2000 Jan $80/$100 call spreads for $5.35
12/11/23 S&P 500 ETF (SPY) seeing size buys in March $477 calls 7000X for over $4.5M
12/11/23 Treasury ETF (TLT) large opening seller of 4900 Nov 2024 $94 calls at $7.10 to $7.00
12/11/23 Treasury ETF (TLT) also opening sale 5000 May $98 calls $3.15 to $3.10
12/11/23 Netflix (NFLX) 2000 Dec $462.5 calls open 8.16 as the $460 calls adjust
12/11/23 Chipotle (CMG) opening seller 300 January 2025 $1800 puts for $62.30
12/11/23 Uber (UBER) seeing 13,000 Feb $65/$70 call spreads buy at $1.63 as Dec $52.50 calls adjust
12/11/23 Wynn Resorts (WYNN) buyer 500 April $85/$100 call spreads
12/11/23 Cytokinetics (CYTK) spread sells 1000 January $17 puts to buy 1000 Jan $40/$50 call spreads
12/11/23 Cytokinetics (CYTK) also seeing 3000 Jan $60/$75 call spreads buy at $1.45, has drug data coming out soon
12/11/23 Vertex Pharma (VRTX) seeing buyers of 700 April $390 calls at $11.60 to $12
12/11/23 Intuitive Surgical (ISRG) seeing buyers 1000 Dec 9th (W) $315 calls $7.40
12/11/23 Otis Worldwide (OTIS) with 2500 June $92.50 calls opening $4.56 as March 85 adjust
12/11/23 ServiceNow (NOW) with 110 May $690 puts sell to open at $43.70
12/11/23 Apple (AAPL) buyers of 2200 Dec 29th $192.50 calls at $2.75 to $3.45
12/11/23 Nvidia (NVDA) seeing 1150 July $450 calls buy to open near $72
12/11/23 Nvidia (NVDA) also with 1000 February $465 puts sold to open 28.75
12/11/23 MongoDB (MDB) opening sellers of 215 Jan 2026 $300 puts at $53 down to $51.50
12/11/23 Exxon (XOM) seeing 5000 June $80 puts sell to open at $1.37 to buy 5k of the $100/$120 call spreads at $5.77, large bull spreads looking for a 2024 rebound and similar to same trade in CVX last week