Link to IBD Podcast: https://www.youtube.com/watch?v=3OB7zC9GXW0

Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:45 FOCUS LIST: NVDA, DELL, MSFT, WING, LLY, NVO, CRWD, ISRG, MU, ARM
4) 15:45 Stock Review – Software and Semiconductors: IGV (ETF), SNPS, CDNS, APP, PANW, SMH (ETF), TSM, AVGO, QCOM, KLAC, LRCX, AMAT
5) 19:35 Stock Review – Medical Products: NTRA, TMDX, PRCT, RXST, MEDP, BSX, UTHR
6) 21:50 Stock Review – Aerospace/Defense: AVAV, WWD, FTAI, LDOS, HWM, GE
7) 24:20 Stock Review – Restaurants: CMG, CAVA, SG, TXRH, DPZ, SHAK
8) 26:15 Stock Review – Watch List/General Ideas/Commentary: META, NFLX, GOOGL, AAPL, BKNG, VRTX, AZN, AMGN, SPOT, TTD, VRT, SMCI, CEG, VST, NRG, ASPN, CAMT, CLS, FN, AMSC, COHR, NTAP, PSTG, SIMO
9) 33:40 Stocks Near Buyable Ranges: MU, NVO
10) 38:50 Conclusion/Summary

Market Summary:
As I mentioned in recent videos, don’t be surprised to see some weakness towards the end of June. Specifically, the June 19-27th time period tends to see some end-of-the-quarter profit taking. However, coming out of this, I expect the market’s strength to continue into July. In other words, shorter-term weakness but just a normal pullback is my interpretation of the market’s current price action. That’s why I always say know your timeframe and have a strategy that suits your overall plan. For me, I took some profits into the recent strength, and will look to add on support; but for the most part, I’m sticking with many of my positions because I believe they are going higher into year-end.

Another reason I believe this is just a normal pullback is the price action of many leaders, and I discuss it in this video. There’s also a lot of put writing that makes me believe the pullbacks will be shallow over the near-term. As always, I will take this day-by-day and update you in these videos. Again, we’re in a power trend, keep things simple, this is just a normal (and expected) pullback, so please don’t overthink things. Thank you and enjoy the remainder of your weekend!

Unusual Option Activity:
6/21/24 Nasdaq 100 ETF(QQQ) buyer 1500 August 2nd (W) $485 calls $9.87 offer
6/21/24 Bitcoin ETF (BITO) seeing unusual large buyers of 35,000 Sept $25 calls at $1.37 to $1.42
6/21/24 2X Bitcoin ETF (BITX) with 1785 Jan 2026 $20 ITM calls bought for $3.66M
6/21/24 Silver ETF (SLV) with a block of 1600 Jan 2026 $27 puts sold to open $2.97
6/21/24 Brazil ETF (EWZ) with 30,000 Nov $29/$34 call spreads buy at $1.12
6/21/24 Regional Banks ETF (KRE) large opening sale for 3000 June 2026 $42 puts at $3.85 bids
6/21/24 Cava Group (CAVA) 1000 Oct $125 calls sell to open $3.50
6/21/24 PDD Holdings ADR (PDD) buyers of 1400 Sept $180 calls at $2.03
6/21/24 PDD Holdings ADR (PDD) also with 1250 Oct $145 calls buy at $12 to $12.10
6/21/24 Floor & Decor (FND) with 4700 August $95 puts sell to open $1.25 to $1.20
6/21/24 Wynn Resorts (WYNN) 3000 Sept $87.50 puts sell to open $3.50 to $3.60
6/21/24 Wynn Resorts (WYNN) also with 4500 Aug $87.50 puts sell to open $2.65
6/21/24 Chipotle (CMG) unusual buyer of 400 Sept $4200/$4800 call spreads for $10.60, splits next week
6/21/24 Netflix (NFLX) with 4700 Sept $600 calls bought at $101.85 as the $510 calls adjust higher
6/21/24 Guardant Health (GH) buyer of 1000 July $25 calls at $5.45 as June $30s adjust
6/21/24 Cytokinetics (CYTK) large buyer of 11,000 Nov $80 calls at $2.11 as June calls adjust
6/21/24 XPO (XPO) 480 January $87.5 puts sell to open $5.80
6/21/24 Micron (MU) 2000 July 12th (W) $140 calls open $9.50
6/21/24 Qualcomm (QCOM) buyer of 11,500 August $180 deep ITM calls at $36.55, adjusting the June $180 calls
6/21/24 Amazon (AMZN) buyers of 6500 Aug 2nd $220 calls at $1.18 to $1.29
6/21/24 Nvidia (NVDA) 1000 Dec 2025 $105 puts sold to open $16.30
6/21/24 Arm Holdings (ARM) with 1200 August $185 calls buy at $12 to $12.35 offer
6/21/24 ServiceNow (NOW) large buyers of 4600 August $700 calls at $62.05 as the $620 calls adjust higher
6/21/24 Microsoft (MSFT) with 14,000 July $455 calls sell to open $6.40 as the June $440 short calls adjust
6/21/24 Taiwan Semi (TSM) with 600 November $155 puts sell to open at $8.40 bids
6/21/24 Coherent (COHR) buyers of 1750 Aug $70 calls at $6.50 to $7
6/21/24 Corning (GLW) sees 2100 July 26th $40 calls buy at $1.70
6/21/24 Workday (WDAY) opening seller of 1600 Aug 2nd $210 puts at $3.10, adjusting June $220 short puts
6/20/24 S&P (SPY) seeing 22,000 Dec $530 puts buy at $11.59, adjusting $475 puts as likely hedge
6/20/24 High Dividend ETF (HDV) sees 7800 August $113 calls sell to open $0.63 as Junes adjust
6/20/24 Gold Miners ETF (GDX) with 2500 Nov $36 puts sell to open $3.38 as the Sept $35 short puts adjust up
6/20/24 Philip Morris (PM) large buyers of 3300 June 2025 $120 calls at $2.10 and buys 3575 Jan 2026 $130 calls at $2.15
6/20/24 Nike (NKE) sees 1500 Jan 2026 $95 puts sell to open at $11.30, reports next week 6/27
6/20/24 Uber (UBER) block of 7000 Aug 2nd $62 puts sell to open at $0.64
6/20/24 Penn Gaming (PENN) with 10,000 October $20/$30 call spreads bought at $1.89
6/20/24 Booking Holdings (BKNG) massive buyer of 1350 Sept $3800 calls at $359.92, adjusting the $3350 calls from last month
6/20/24 Exxon (XOM) sees 3000 Jan 2026 $125 ITM puts sell to open at $17.90, adjusting June 2025 short puts
6/20/24 Citigroup (C) buyer of 5000 July 5th $63 calls at $0.45 as June 28th calls adjust
6/20/24 Citigroup (C) also a block of 2500 August $55 puts sell to open $0.65
6/20/24 JP Morgan (JPM) with 1512 March $210 calls sell to open $10.95
6/20/24 Gilead Sciences (GILD) large opening seller for over 15,000 July $67.50 calls selling at $1.16
6/20/24 Medtronic (MDT) with large opening sellers of 5740 August $77.50 puts at $1.33, adjusts June $80 short puts
6/20/24 Eli Lilly (LLY) some buyers of 1000 July $1000 calls at $2.85 to $3
6/20/24 Merck (MRK) buyer of 1000 Aug 2nd $131 calls at $3.38, adjusting June $128
6/20/24 Nvidia (NVDA) buyer of 10,000 July $141 calls at $7.42, adjusting the $138 calls from the other day
6/20/24 Nvidia (NVDA) buyer of 1500 Sept $152 calls at 10.49 adjusting $150 calls
6/20/24 Nvidia (NVDA) opening sales of 2000 July $145 puts at $10.40
6/20/24 Nvidia (NVDA) seeing over 2500 Nov $138 puts sell to open at $16.40 to $16.30
6/20/24 Nvidia (NVDA) also 1000 Dec $140 puts sell to open $19.30
6/20/24 Nvidia (NVDA) 1250 Dec $138 puts sell to open $17.50 bids
6/20/24 Micron (MU) large buy of 3400 October $170 calls at $13.90 offers, reports next week
6/20/24 Dell (DELL) sees buyers of over 8000 August $250 far OTM calls at $0.95 to $1.05
6/20/24 Dell (DELL) also with 5500 August $165 calls seeing buyers at $11.00 to $13
6/20/24 Arm Holdings (ARM) seeing 1000 August $160 puts sell at $21.60 to buy the $180 calls at $13.45
6/20/24 Microsoft (MSFT) with 400 Nov $450 puts sell to open $24.89
6/20/24 Microsoft (MSFT) also a block of 1220 Aug 2nd $415 puts sell to open $4.30
6/20/24 Taiwan Semi (TSM) large buyers of 1600 October $200 calls at $13.75
6/20/24 Taiwan Semi (TSM) also opening sellers of 1900 Jan $250 calls at $7.15 bids
6/20/24 Apple (AAPL) large opening sales of 2100 June 2025 $210 puts at $15 to $15.50
6/20/24 Meta (META) massive trade adjustment seeing 25,500 August $470 ITM calls buy at $51.84 as the $440 calls adjust up from original buyers last month