Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:45 FOCUS LIST: NVDA, MSFT, ADBE, NOW, UBER
4) 12:50 Stock Review – Big Pharma: NOV, LLY, VRTX
5) 14:50 Stock Review – Software: IGV (ETF), SNPS, CDNS, PANW, CRWD, QLYS, ZS, CRM, AYX, MDB
6) 16:25 Stock Review – Semiconductors: SMH (ETF), AVGO, KLAC, LRCX, AMD
7) 17:15 Stock Review – Watch List/General Ideas/Commentary: DELL, META, AMZN, NFLX, SHOP, BKNG, AVAV, CLS, FN, VRT, ANET, WING, RYTM, BBIO, Z
8) 21:05 Conclusion/Summary

Market Summary:
Towards the end of November and into early December, I mentioned to start getting ready for step 3, which was a breakout of the recent consolidation range. We got it over the past 5-7 trading days and I received different responses from members: 1) Some thanked me and took great advantage of this recent breakout. If you did, congratulations! Stay focused and stay humble. 2) Some members hesitated and didn’t believe we would see more upside. Two responses to this: First, you are probably listening to too many opinions. Focus more on the price action of the market and less on other people’s opinions. Second, if you have trouble making decisions, you can always start with smaller positions to help build your decision-making muscle. 3) Some members got more invested but got hit by a few stocks that gapped down recently (such as ADBE). Hopefully, you had a strong entry point. Also, let’s not cherry pick a few stocks that didn’t participate while many ideas such as AVGO, CRWD and UBER continue to scream higher. Bottom line, we’re not always going to trade everything perfectly, but stay focused on the positive and make sure your self-talk is strong.

One thing I could’ve done better recently is guide members to sectors that will benefit from lower rates, such as housing, biotech, and small caps. When these stocks/ETFs provide better entry points, I will pass them along to members. Please keep in mind that the Zweig Breadth Trust from early November bodes well for the market over the next 6 to 12 months. In other words, there will ALWAYS be plenty of opportunities in the future if you missed some of them over the past week. From here, I am expecting continued strength into mid-January with minimal pullbacks. I remain 80-90% invested and I’m doing my best to let my winners run. Again, I’m trying to keep things simple and not overthink things. Thank you and good luck this week!

Unusual Option Activity:
12/15/23 Russell 2000 ETF (IWM) buyer of 20,000 Dec 29th $207 calls at $0.77 as the $205 calls adjust strikes
12/15/23 Homebuilders ETF (XHB) buyer of 7000 March $93/$83 put spreads for $2.21
12/15/23 Biotech ETF (XBI) with 4000 March $81 puts sell to open at $2.90
12/15/23 Semiconductors ETF (SMH) seeing 3000 June $200 calls buy at $4.89 as the $180 calls adjust higher
12/15/23 Energy ETF (XLE) seeing a block of 2500 Feb $84 calls buying at $2.98 offers
12/15/23 Tesla (TSLA) seeing large buyers of over 3400 Sept $375 calls at $12.55 to $13.10
12/15/23 Uber (UBER) with 2000 Feb $67.50 calls bought at $2.45
12/15/23 Apache (APA) with 10,000 Jan. 26th (W) $31 puts sell to open $0.32
12/15/23 Devon Energy (DVN) with 1000 January $40 calls bought $4.95 offer
12/15/23 BlackRock (BLK) buyer 300 April $900 calls for $9.30
12/15/23 Goldman Sachs (GS) buyer 625 April $430 OTM calls $5.30 offer
12/15/23 Eli Lilly (LLY) buyer of 275 September $590/$450 put spreads at $48.75
12/15/23 CymaBay Therapeutics (CBAY) buyer of 2000 Jan 2025 $35 calls at $1.65
12/15/23 Delta Airlines (DAL) 1500 April $42 calls sold to open 3.76
12/15/23 Boeing (BA) buyer 1300 Dec. 29th (W) $252.50 calls for $10
12/15/23 Boeing (BA) seeing another 2000 Jan 2025 $330 calls bought $13.20 to $13.30 where it saw action late yesterday
12/15/23 CrowdStrike (CRWD) buyers of 550 Feb $260 calls at $14.25 to $15
12/15/23 Adobe (ADBE) with 335 June 2025 $620 calls selling to open down to $96
12/15/23 DataDog (DDOG) size buy 1000 April $120 calls for $14.75
12/15/23 Nvidia (NVDA) large buyer of 4000 Jan 12th $450 ITM calls for $46.50 to $47.60
12/14/23 Cloud Computing ETF (CLOU) rare trade in this ETF opening 1500 June $22/$20 bull risk reversals at $1.45 debits
12/14/23 Real Estate ETF (IYR) with 13,000 January $91/$94 call spreads buy at $1.23
12/14/23 Regional Banks ETF (KRE) large buyer into strength of 2250 Jan 2025 $53 puts at $5.40
12/14/23 Tesla Bull 1.5X (TSLL) unusual buys in the levered fund seeing over 2000 January $16.73 calls at $0.54
12/14/23 Goodyear Tire (GT) seeing 10,000 April $16 calls buy to open 1.05 offers
12/14/23 DraftKings (DKNG) 6500 Jan 26th (W) $39 calls sold to open as call selling remains popular in it
12/14/23 EOG Resources (EOG) with 1200 April $123.50 calls sell to open $6.40 to $6.30 bids
12/14/23 National Oilwell (NOV) late day buyers 5000 January $20 calls $0.95
12/14/23 MasterCard (MA) 200 January 2025 $460 puts sold to open $48.50
12/14/23 Zillow (Z) with 1900 August $47.50 puts selling to open 3.80
12/14/23 Zillow (Z) also 1200 February $55 calls bought $4.75 offer sweeps
12/14/23 Crispr Therapeutics (CRSP) with 1000 July 85 calls sold to open 5.20 to 5.10
12/14/23 Lennar (LEN) buyer 1500 Feb $155 calls for $6.10 to $6.20 as the Jan $145 adjust
12/14/23 Super Micro Computer (SMCI) buyers of 1300 Dec 22nd $310 calls at 3.10
12/14/23 Microsoft (MSFT) seeing 800 September $440 calls buy $12.25
12/14/23 Microsoft (MSFT) also opening sale 1500 January 2025 $390 ITM puts $42.95
12/14/23 Nvidia (NVDA) with 2000 January 12th (W) $450 calls bought for $8M, been seeing these ITM all week
12/14/23 Apple (AAPL) 1000 July $225 calls sold to open for 4.30
12/14/23 Arista Networks (ANET) with 600 February $200 puts sold to open 3.63
12/14/23 CrowdStrike (CRWD) opening sale 300 January 2025 $195 puts for 13.80
12/13/23 S&P 500 ETF (SPY) early buyer of 32,000 Jan 5th $468 calls at $3.08, adjusting the Dec 22nd $461 calls
12/13/23 S&P 500 ETF (SPY) also 3000 March $468 puts sold to open $11.275
12/13/23 Ross Stores (ROST) opening sale 500 January 2025 $140 puts for $13.20
12/13/23 Nike (NKE) seller 1000 March 130 calls to open 3.15
12/13/23 Lyft (LYFT) with 50,000 Feb $20/$25 call spreads bought as another 25K Jan. $15 calls adjust
12/13/23 Spotify (SPOT) with 1500 Jan $210/$190 bull put spreads selling to open at $9.80
12/13/23 DraftKings (DKNG) seeing more bid side sellers of calls with 2000 June $38 at 5.50
12/13/23 Valero (VLO) with 400 Jan 2026 $105 calls opening as Jan 2025 $100 adjust
12/13/23 Novo Nordisk (NVO) buyers of 2000 Dec. 29th (W) $97 calls $2.40 to $2.55
12/13/23 Vertex Pharma (VRTX) 100 January 2026 $390 puts sell to open for $44
12/13/23 United Rentals (URI) with 500 June $680/$700 call spreads buy at $3.36
12/13/23 Palantir (PLTR) with 5000 May 15 puts sold to open 1.47
12/13/23 Nvidia (NVDA) buyers of 2000 Jan 5th (W) $440 calls for nearly $10M after the big ITM call buys late yesterday
12/13/23 Nvidia (NVDA) also seeing 3000 March $470/$500 call spreads bought
12/13/23 Nvidia (NVDA) buyer of 2000 Jan 2025 $505 calls at $87.17 as the $500 calls adjust up
12/13/23 Oracle (ORCL) opening sale 10,000 March $90 puts $1.23
12/13/23 Apple (AAPL) seeing 5500 Jan 26th $195 calls sell to open for $5.75 as the Dec $190 short calls adjust up
12/13/23 Salesforce (CRM) spreads selling 800 April $200 puts to buy 800 of the $260/$310 call spreads