Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 3:20 FOCUS LIST: NVDA, MSFT, ADBE, NOW, UBER
4) 5:50 Stock Review – Watch List/General Ideas/Commentary: CAMT, PANW, MDB, WDAY, DECK, NVO, VRTX, VRT, SNPS, CDNS, ABOS
5) 10:15 Conclusion/Summary

Market Summary:
First and foremost, I want to wish everyone a Merry Christmas and Happy Holidays! I hope you enjoy the long holiday weekend with friends, family, and loved ones. I kept this weekend’s video short and to the point. We’re in a strong trend that resumed in early December, and is likely to continue into mid-January. Of course, we will see normal pullbacks along the way, which is why I continue to remind members to use the 21-day EMA as your guide. Also, stick to the three concepts of: 1) Expose yourself to strong stocks and strong ETFs. 2) Get strong entry points. 3) Manage your trades based on your timeframe and overall investment objectives. I have no problem if members want to speculate with “riskier” ideas, just please use a smaller portion of your portfolio if you decide to do so.

My comments on the Santa Claus Rally are the same as the Market Note that was emailed (and also posted on this site) on 12/22/23. Again, I’m just trying to keep things simple during this seasonally strong period, and I’m trying not to overthink things. Enjoy your long holiday weekend and see you Wednesday for the next MidWeek Video.

Unusual Option Activity:
12/22/23 S&P 500 ETF (SPY) seeing 3000 Jan 2025 $460 puts sell to open at $20.10
12/22/23 S&P 500 ETF (SPY) seeing 9000 Dec 2024 $500 ITM puts sold to open at $34.29 as the $420 short puts adjust higher
12/22/23 Etsy (ETSY) with 350 Dec. 2025 110 calls sold to open 18 to 17.50
12/22/23 Occidental Petroleum (OXY) buyers 3000 May $65/$72.5 call spreads for $2.20
12/22/23 Crispr Therapeutics (CRSP) buyer 400 April $67.50 calls for $7
12/22/23 Bristol Myers (BMY) with 1000 April $57.50 ITM puts selling to open at $6.30 bids
12/22/23 Amgen (AMGN) large buyer of 400 July $230 deep ITM calls at $60.61 as Jan calls adjust further out
12/22/23 Eli Lilly (LLY) with 800 Feb $490 puts sold to open $5.90 to $5.85
12/22/23 FedEx (FDX) seeing 1610 Feb $270 calls buy at $2.57
12/22/23 Super Micro Computer (SMCI) 800 March 190 puts sell to open 4.40
12/22/23 Intel (INTC) 1450 June $48 puts sell to open $4.45
12/22/23 Oracle (ORCL) 1100 September $105 puts sold to open $8.21
12/22/23 Oracle (ORCL) also buyer of 850 Sept $100 calls at $15.10
12/22/23 MongoDB (MDB) with 1125 Jan 26th $350 puts sell to open for $2.93
12/22/23 Snowflake (SNOW) with 1500 June $250/$170 bullish risk reversals open for $2.46 credit
12/22/23 Arm Holdings (ARM) large buy of 800 August $67.50 calls at $13.72 as the July 65 calls adjust big gains
12/21/23 Nasdaq 100 ETF (QQQ) seeing 4000 January $409 puts sell to open today for $3M
12/21/23 Retail ETF (XRT) buyers of 5000 Feb $69 puts at $1.58
12/21/23 Consumer Discretionary ETF (XLY) buyer 1500 June $195 calls $5.17
12/21/23 Regional Banks ETF (KRE) opening sale 2500 Jan 2026 $50 puts for $6.35
12/21/23 Dow Jones ETF (DIA) 2000 January 2025 $315 puts sell to open 5.95
12/21/23 Energy ETF (XLE) large opening sale 2500 Jan 2025 $87 puts for $8.60
12/21/23 On Holding (ONON) 2000 January $28.50 puts selling to open $1.35
12/21/23 Cheesecake Factory (CAKE) buyer 800 July $40 calls $2.19
12/21/23 Roku (ROKU) block of 700 Feb 100 calls sells to open 6.15 bid
12/21/23 Starbucks (SBUX) buyer 2000 Jan. 12th (W) 97 calls up to 1.01
12/21/23 Petrobras (PBR) large buy 16,000 April $16 calls $1.04 as January adjust
12/21/23 Goldman Sachs (GS) large opening sale 500 June $355 puts $13.65
12/21/23 Insulet (PODD) 425 February $220 calls selling to open $12.90
12/21/23 FedEx (FDX) with 300 July $240 puts sell to open at $14.95
12/21/23 Union Pacific (UNP) 775 March $230 puts selling to open 4.80 to 4.70
12/21/23 Freeport McMoran (FCX) buyers 1450 March $44 calls $2.10
12/21/23 Freeport McMoran (FCX) also with 2400 Jan $39.50 ITM calls sell to open $3.30 bids
12/21/23 Taiwan Semi (TSM) with 2000 January 26th (W) $98 puts sold to open 1.90
12/21/23 Broadcom (AVGO) with large opening seller 2000 February $1010 puts $11.70 to $11.40
12/21/23 Amazon (AMZN) large buy 600 July $130 calls ITM at $31.30 offer
12/21/23 Salesforce (CRM) 1100 March $260 puts sell to open $10.02
12/21/23 Texas Instruments (TXN) seeing buys 900 March $145 deep ITM calls for $2.2M