Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:30 FOCUS LIST: NVDA, MSFT, NOW, UBER, LLY, NVO, WING, PANW, CRWD
4) 11:40 Stock Review – Software: IGV (ETF), CDNS, ADBE, CRM, WDAY, ESTC, ZS
5) 14:30 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, AMD, MRVL, ARM
6) 15:45 Stock Review – Biotech/Medical Products: XBI (ETF), ACAD, MGNX, VKTX, MRUS, AXSM, ISRG, RXST, PRCT
7) 17:40 Stock Review – Watch List/General Ideas/Commentary: META, NFLX, VRTX, SMCI, VRT, CLS, FN, PSTG, NTAP, CELH
8) 21:15 Conclusion/Summary

Market Summary:
Here are the concepts I’ve discussed in many recent videos: 1) I am bullish over the next 6-12 months because of all the technical strength we saw from November through January. The institutions aggressively came back into the markets because of the new bull market powered by AI, and they are anticipating the Fed lowering rates this year. 2) Does that mean we will go straight up with no pullbacks? Of course not! That’s why I’ve also discussed the theme of “using the 21-day EMA as your guide.” 3) Stay focused on the best growth stocks/ETFs out there. 4) Get strong entry points and manage your trades based on your timeframe and overall investment plan. If you don’t have a plan, please continue to finetune it and work on one that fits your situation. 5) Manage risk and stick to your stops. Just because it’s a bull market doesn’t mean everything is going to work out.

Coming into this week, I mentioned that the Nasdaq Composite was 3.6% extended from its 21-day. I think the CPI report on Tuesday morning was just an excuse for the market to sell off and come down to its 21-day. I’m not complacent. I’m just not going to panic when it’s only two distribution days in the past month, and more importantly, many of the growth leaders continue to act well (I review them in this video). From here, I would like to see how the market reacts around its 21-day. I’m going to keep my expectations muted over the next two weeks because the second half of February tends to be seasonally weak. As always, I will be open-minded and take this day-by-day. If you have any questions, you can ask them during the next webinar, which will be this Monday, February 19th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
2/13/24 S&P 500 ETF (SPY) seeing 5000 December $535/$555 bear call spreads sell to open at $6.71, sees a ceiling up at 535 this year
2/13/24 S&P 500 ETF (SPY) with a massive opening seller of 15,000 Jan $490 puts at $20.71, over $31M showing willingness to be long at a breakeven of near 470 this year
2/13/24 Regional Banks ETF (KRE) large opening seller of 16,285 Dec $42 puts at $2.95, over $4.7M
2/13/24 Costco (COST) buyer of 1560 March $730/$780 call spreads for $12.60, adjusting March 710 calls, earnings 3-7
2/13/24 Tesla (TSLA) buyer 1200 June 2026 $420 calls $15.28 to $15.47
2/13/24 Tesla (TSLA) opening sale 900 October $130 puts for 6.10
2/13/24 Tesla (TSLA) seller to open 800 October $165 puts 16.70
2/13/24 Walmart (WMT) large opening sale 800 December $160 puts for 6.35
2/13/24 On Holding (ONON) 2500 March $30 ITM puts selling to open $1.79
2/13/24 Celsius Holdings (CELH) opening sale 600 October $60 puts ITM at $10.40
2/13/24 McDonalds (MCD) with 2400 April $280 puts opening $1.1M as February positions adjust
2/13/24 Shopify (SHOP) large buyer of 6600 July $95 calls at $5.40 as the $130 calls adjust
2/13/24 Shopify (SHOP) also a large buyer of 4000 June 2025 $95 calls at $15.48 as the $115 calls adjust
2/13/24 MGM Resorts (MGM) buyers active March $48 calls today 3250X
2/13/24 MGM Resorts (MGM) also 1200 April $42 puts selling to open 1.21 into earnings
2/13/24 Occidental (OXY) 1000 March 28th (W) $58 puts sold to open 2.20
2/13/24 Citigroup (C) buyers 7000 March 1st (W) $53 calls
2/13/24 Eli Lilly (LLY) 2000 May $750 calls buy at $39.70 adjusting the $690 calls
2/13/24 Nvidia (NVDA) seeing buyers of 6000 May $900 calls in size lots, nearly $15M
2/13/24 Nvidia (NVDA) 250 November $680 puts sell to open 78.10
2/13/24 Microsoft (MSFT) sees 3000 March 28th (W) $405 puts sell to open for $9
2/13/24 Cadence Design Systems (CDNS) 1400 March $270 short puts open 2.05 as February adjust
2/13/24 Lam Research (LRCX) buyer of 200 April $905/$935 call spreads at $15
2/13/24 CrowdStrike (CRWD) sees 1100 April $350 calls buying $18.80 to $19.35
2/13/24 CrowdStrike (CRWD) also seeing large buyers of 1150 Jan 2026 $480 calls at $46.50 to $47.50
2/13/24 Zscaler (ZS) size buyer 1000 January 2026 $370 calls $32.70 to $33.70
2/13/24 Meta (META) with 1900 March $460 puts sell to open $11.90 and looks to be buying the $460 calls for 18.05
2/13/24 Broadcom (AVGO) opening sale 400 March $1210 puts for $26.90, reports 3-7
2/13/24 Dell (DELL) with 300 June 80 puts sold to open 4.90
2/13/24 Advanced Micro (AMD) size buyers in July $175 calls 2950X $19.90 to $20.20
2/13/24 Vertiv (VRT) buyer 1000 March 28th (W) $66 calls $4.60 to $4.70, reports 2-21
2/12/24 Tech ETF (XLK) with 2000 May $195 puts bought $3.12 to $3.15
2/12/24 Biotech ETF (XBI) buyer 11,250 June $83 puts 2.65 as March 81 adjust
2/12/24 Discretionary ETF (XLY) buyer of 1000 January $210 calls at $5.04
2/12/24 Netflix (NFLX) seeing buyers in May $510 and $490 puts for $2M net premium
2/12/24 DoorDash (DASH) 1850 April $105 calls open 18.77 with March 110 adjusting
2/12/24 Spotify (SPOT) with 650 each of the Jan $200 and $195 short puts opening as $155 and $150 start adjusting
2/12/24 Disney (DIS) opening sale 1245 September $100 puts 3.90
2/12/24 Occidental (OXY) sellers 5000 April $57.50 puts 1.98 to 1.94
2/12/24 Acadia Pharma (ACAD) sweep buyer 500 April $27 calls $3.20 offer
2/12/24 Crispr Therapeutics (CRSP) with 1100 March $60 call buying at $16.55 as the Feb $55 calls adjust
2/12/24 Crispr Therapeutics (CRSP) 600 Jan 2026 $110 calls sold to open 16.10
2/12/24 Pfizer (PFE) 2000 September $29 short puts opening as March adjust
2/12/24 Microsoft (MSFT) with 1000 July $420 calls bought $27.95
2/12/24 Microsoft (MSFT) also buyers of 4700 July $470 calls at $9.00
2/12/24 Marvell Tech (MRVL) large buyers of 3500 May $75 calls at $5.40 to $5.70
2/12/24 Salesforce (CRM) with 1020 June 2025 $330 calls bought for $3.5M as Jan 2025 $300 adjust
2/12/24 Meta (META) 4000 July $530 calls with size buys for $9M
2/12/24 Meta (META) also large opening sales of 1000 March 22nd $475 puts at $15.40
2/12/24 Oracle (ORCL) 1375 March 22nd (W) $117 puts sell to open 4.85
2/12/24 Snowflake (SNOW) 8500 Feb 23rd (W) $265 calls bought $1.50+
2/12/24 Nvidia (NVDA) buyer 25,000 March $680 calls $86.32 as the $570 adjust
2/12/24 Nvidia (NVDA) also with 1000 June $725 puts selling to open 68.45
2/12/24 Apple (AAPL) opening seller 1000 October 185 puts for 9.55