Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 4:45 FOCUS LIST: NVDA, MSFT, META, NOW, UBER, LLY, NVO, WING, CRWD, ISRG, ARM, DELL
4) 11:40 Stock Review – Software: IGV (ETF), CDNS, SNPS, CRM
5) 12:10 Stock Review – Semiconductors: SMH (ETF), AVGO, LRCX, KLAC, AMD, MRVL, ACMR
6) 14:35 Stock Review – Biotech/Medical Products: XBI (ETF), MGNX, VKTX, ABOS, INZY, RXST, TMDX, MEDP
7) 16:20 Stock Review – Watch List/General Ideas/Commentary: SMCI, NFLX, DECK, SHAK, CMG, TXRH, VRT, CLS, CAMT, PSTG, NTAP, CELH, CAVA
8) 18:45 Speculative Trade Idea: AQST
9) 21:00 Conclusion/Summary
Market Summary:
Here are the concepts I’ve discussed in many recent videos and in the two 2024 Preview 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.
As I mentioned in recent videos, I am leaning defensive into quarter-end. Again, defensive doesn’t mean bearish. It means not looking to put new money to work, and if I do put money to work, it will be with light positions. It also means looking to reduce exposure if we see continued strength over the next few trading days. For example, the market could continue higher into next week’s Nvidia GTC event. I am currently 80% invested. If we do see strength, I will look to reduce my exposure and I discuss it in more detail in this video. As always, my active style of portfolio management isn’t for everyone, which is why I encourage members to know your timeframe and have your own plan. If we do see weakness into quarter-end, I will be paying attention to the stocks that show relative strength and pass them along in upcoming videos. Thank you and good luck for the remainder of the week.
Unusual Option Activity:
3/13/24 Nasdaq 100 ETF (QQQ) seeing a buyer of 3700 April 5th $450 calls at $3.90 offer
3/13/24 Technology ETF (XLK) seeing 2000 July $195/$170 put spreads buy at $3.00
3/13/24 Gold ETF (GLD) 2475 November $230 calls sell to open $3.30
3/13/24 Tesla (TSLA) seeing buyer of over 3000 May $165 puts at $10.55 as the $175 puts adjust
3/13/24 Uber (UBER) 425 Dec 110 calls bought $3.60 offer
3/13/24 DoorDash (DASH) large opening sale 2000 June $145 calls for 7.25
3/13/24 Valero (VLO) with 3000 April $155 puts sold to open $3.90
3/13/24 Marathon Petroleum (MPC) opening sale for 1100 Oct $190 calls at $17.90 to $15
3/13/24 Citigroup (C) buyers of 5000 March 28th $58 calls at $1.05
3/13/24 Arcus Biosciences (RCUS) large buy of 3000 April $15 calls at $4.78 as March calls adjust
3/13/24 Merck (MRK) opening sale 4200 May 110 puts $0.82 as April 120 adjust
3/13/24 AbbVie (ABBV) long-term bull play buys 450 Jan 2026 $175/$230 call spreads for $20.15
3/13/24 Taiwan Semi (TSM) 2000 May $160 calls buy $5.45 to $5.55 offers
3/13/24 Meta (META) 3875 June 2026 $380 calls opening $191.82 as the $410 adjust
3/13/24 Meta (META) 1500 next week $482.50 puts selling to open $7.10, and 2500 of the $487.5 puts selling to open $8.20 to $8.05
3/13/24 Microsoft (MSFT) with 7000 Dec 2026 $350 calls opening as $370 adjust, similar to META
3/13/24 Super Micro (SMCI) seeing 1000 next week far OTM $1600 calls bought $7.30 to $8
3/13/24 Super Micro (SMCI) buyer 200 August $1200 puts $274
3/13/24 Oracle (ORCL) 2000 July $120 puts sell to open $4.75
3/13/24 Oracle (ORCL) buyers of 2250 August $130 calls for $7.45 offers
3/13/24 Palo Alto (PANW) with 1000 March 2025 $230 puts sold to open 15.90 to 15.75
3/13/24 Arm Holdings (ARM) with 425 October $110 puts sell to open $16 to $15.70
3/13/24 Vertiv (VRT) buyer 500 July $95 calls $4.20
3/12/24 S&P 500 ETF (SPY) buyers of 25k May $487 puts at $3.51 as April $484 puts adjust hedges
3/12/24 Semiconductor Bull 3X ETF (SOXL) buyers of 6500 April $55 calls at $3.60 to $3.85
3/12/24 Gold Miners ETF (GDX) sees a buyer of 1600 June 2025 $30 calls at $4.45
3/12/24 Energy ETF (XLE) with 1400 Sept $91 calls buy at $4.80 as the $88 calls adjust
3/12/24 Consumer Discretionary (XLY) with 1000 December $139 puts sell to open at $2.05
3/12/24 Nasdaq 100 ETF (QQQ) seeing 5250 July $450 calls sell to open at $17.88
3/12/24 Nasdaq 100 ETF (QQQ) with 2000 July $465/$420 bullish risk reversals open at $2.40 debits
3/12/24 Skechers (SKX) buyer 1700 April $65 calls $0.90 and higher
3/12/24 Nike (NKE) opening sale of 800 Jan 2026 $95 puts at $11.20 bids
3/12/24 Nike (NKE) also with 3950 April 5th $87 puts sell to open at $0.54 bids
3/12/24 Cava Group (CAVA) trade sold 400 January $50 puts to buy 400 of the $70/$85 call spreads
3/12/24 Blackstone (BX) 475 December $125 puts sell to open $13.05
3/12/24 Viking Therapeutics (VKTX) 250 May $65 calls bought $14.45 to $15.70
3/12/24 Ultragenyx Pharma (RARE) another 1000 April $55 calls bought $2.30 to $2.80
3/12/24 Axsome Therapeutics (AXSM) 350 January $60 puts sold to open for 7.70
3/12/24 Novo Nordisk (NVO) buyers of 700 Sept $135 calls for $13.85 to $14.40
3/12/24 General Electric (GE) buyers of 5000 April $175 calls at $2.80
3/12/24 Arm Holdings (ARM) 1300 May $120 puts selling to open $15.75 to $15
3/12/24 Super Micro (SMCI) size buys 1100 March 22nd (W) $1150 calls $69.50 offer
3/12/24 DataDog (DDOG) buyer 1050 May $135 calls $5.45 offer
3/12/24 DataDog (DDOG) 1500 April 5th (W) $115 puts sold to open
3/12/24 DataDog (DDOG) buyer 1300 Jan 2025 $120/$160 call spreads for $13.64
3/12/24 Oracle (ORCL) buyer of 4200 May $135 calls bought at $2.34 as the March $120 calls adjust
3/12/24 Meta (META) opening sale 1000 March 2025 $550 calls for 62.25
3/12/24 Qualcomm (QCOM) 1070 January $220 calls bought $8.40 offer
3/12/24 Crowdstrike (CRWD) with large buys of 1600 June $320 calls at $39.80 to $40
3/12/24 Crowdstrike (CRWD) also a buyer of 1000 June $310 ITM calls at $44.80 to $46.40
3/12/24 Palo Alto (PANW) 500 August $230 puts sell to open $6.60
3/12/24 Nvidia (NVDA) over 1000 April $935 calls bought $56 to $56.50 offers
3/12/24 Zscaler (ZS) buyer of 450 Dec $210 calls at $33.75 as Jan calls adjust
3/12/24 Palantir (PLTR) buyer of 1300 August $16 deep ITM calls at $9.70, adjusts March $15 calls
3/12/24 Snowflake (SNOW) buyer 400 ITM September $145 calls to open $32.30 offer
3/12/24 Cloudflare (NET) with 2000 April $95 calls bought $6.75+
3/12/24 Service Now (NOW) massive 1250 May $660 calls trade $146.30
3/11/24 Consumer Discretionary ETF (XLY) opening sale of 1000 April $181 puts at $4.35 bids
3/11/24 Silver ETF (SLV) with 5000 April 12th $24 ITM puts sell to open at $1.72 bids
3/11/24 Energy Bull 2X ETF (ERX) unusual trade buys 8000 March 28th $63 calls at 1.45
3/11/24 Ark Genomics ETF (ARKG) unusual buys 2280 Dec 2025 $55 calls $2.25, top holdings include CRSP, TWST, RXRX, EXAS, BEAM, CDNA, NTLA
3/11/24 Nike (NKE) buyer 1000 March 28th (W) $103/$113 call spreads for $2.49, reports 3-21
3/11/24 Costco (COST) 300 Jan 2026 $500 puts sell to open $12
3/11/24 Walmart (WMT) with 10,000 April 12th (W) $62 calls sold to open $0.49
3/11/24 Dutch Brothers (BROS) 1500 October $36 calls buy $3.20 offer
3/11/24 Valero (VLO) seeing bull flow with 1075 June $170 calls bought up to $3.45
3/11/24 Exxon (XOM) 1000 Dec 2025 $120 calls bought as some April 105 adjust
3/11/24 Morgan Stanley (MS) with 10,000 May $92.5 calls sold to open 1.46
3/11/24 Ultragenyx Pharma (RARE) unusual buy 1000 April $55 calls $2.20 to $2.50
3/11/24 Axsome Therapeutics (AXSM) 2000 June $70 puts sell to open $6
3/11/24 AbbVie (ABBV) with 1200 Sept $160 calls buy at $23.83 as March $155 calls adjust
3/11/24 XPO Logistics (XPO) seeing 1500 April/May $135 call calendars buy at $2.70
3/11/24 Rio Tinto (RIO) opening sale of 350 Jan 2026 $65 puts at $11
3/11/24 Qualcomm (QCOM) 780 October $150 puts sell to open down to 7.65
3/11/24 Snowflake (SNOW) with 500 June $130 calls bought $38.75
3/11/24 Nvidia (NVDA) seeing large buyers of 7500 May $1080 calls at $30.50 to $32
3/11/24 Nvidia (NVDA) also with 11k March 28th $900 calls buying at $45 to $47
3/11/24 Oracle (ORCL) into earnings large buy 1050 March 28th (W) $114 calls $5.25 offer
3/11/24 Meta (META) with 5000 March 28th (W) $560 calls bought $1.18
3/11/24 Meta (META) seeing 4000 April $485 puts sell to open at $19.20 to $18.10
3/11/24 Zscaler (ZS) with 1000 May $230 calls bought $6.25 to $6.45
3/11/24 Synopsys (SNPS) 800 April $500 puts sell to open 4.80 to 4.70
3/11/24 CrowdStrike (CRWD) large buys for 1100 May $310 calls at $28.40
3/11/24 Workday (WDAY) with 575 May $270 calls bought $14.40
3/11/24 Arm Holdings (ARM) opening sale 1000 October $90 puts $10.41