Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:20 FOCUS LIST: NVDA, ARM, NTAP, LLY, MSFT, DELL, ISRG, MU, CRWD, NVO
4) 13:35 Stock Review – Software: IGV (ETF), SNPS, CDNS, NOW, APP, PANW, CYBR, APPF
5) 14:55 Stock Review – Semiconductors: SMH (ETF), TSM, AVGO, KLAC, LRCX, AMAT, UCTT
6) 16:05 Stock Review – Medical Products: STAA, NTRA, TMDX, HALO
7) 18:40 Stock Review – Watch List/General Ideas/Commentary: WING, CAVA, BROS, FTAI, META, VRTX, AMGN, SPOT, TTD, VRT, SMCI, CAMT, CLS, FN, DY, AMSC, COHR, PSTG, PLTR, CEG, NRG, VST, BKNG
8) 26:20 Conclusion/Summary

Market Summary:
Coming into July, I presented two different statistics showing the potential seasonal strength we could see during the first 2-3 weeks of the month. So far, so good. The market has been very strong and I’m glad to hear that many members are taking advantage of it. I also discussed that if we did see this strength, I would look to lock in some profits, and I’ve done so over the past two trading days. I received many emails about this and I responded in more detail in Tuesday’s Market Note to Members, and also in this video. Bottom line is do what works for you and your overall investment objectives. I have no problem sharing what I’m doing but I don’t want anyone copying me, especially if it doesn’t fit your timeframe, etc. What I encourage members to do is continue to work on a plan that works for you.

Currently, the Nasdaq Composite is 4.3% above its 21-day EMA. Could it get more extended? Of course, but please keep in mind that I’m always talking in terms of probabilities. Yes, we could see the seasonal strength continue into next week, but eventually, I’m expecting a normal pullback back to the 50-day moving average in August. Again, know your timeframe and stick to your OWN plan. As soon as I figure out the date for the next LIVE webinar, I will let everyone know. Good luck for the remainder of the week!

Unusual Option Activity:
7/10/24 Russell 2000 ETF (IWM) opening seller of 5000 March 31st (Q) $200 puts at $9.72 as Dec short puts adjust
7/10/24 Russell 2000 ETF (IWM) 5000 Aug 2nd (W) 208/217 OTM call spreads bought
7/10/24 Utility ETF (XLU) 1000 Dec 2025 $64 puts sell to open $3
7/10/24 Tesla (TSLA) big buy of 1000 March $285 calls $46.09
7/10/24 Sweetgreen (SG) sees 700 Oct $21 puts sell to open $2.20
7/10/24 Cava Group (CAVA) sees 600 Dec $60 puts sell to open $3.10
7/10/24 Uber (UBER) 6000 August $57.5 puts sell to open 0.60
7/10/24 Shopify (SHOP) buyer of 300 Dec 2026 $90 calls $14.15
7/10/24 Shopify (SHOP) buyer of 2100 Oct $65 calls at $6.95 to $7.10
7/10/24 Penn Gaming (PENN) buyers of 2250 Oct $25 calls at $0.93 to $0.99 offers
7/10/24 APA (APA) opening seller of 18,000 Aug 23rd $25 puts at $0.26 to $0.25, common play in the name
7/10/24 Valero (VLO) buyer 1125 September $155 calls $4.50
7/10/24 Cheniere Energy (LNG) size buy 2000 September $180 calls $4.59
7/10/24 Citigroup (C) 3345 November $65 puts sell to open
7/10/24 Robinhood (HOOD) another 4000 November $27 calls bought near 2.09 offer
7/10/24 Coinbase (COIN) size buy 1000 January 2026 $200 calls $84.75 to $85
7/10/24 Pfizer (PFE) buyers 5500 August 2nd (W) $29 calls $0.37 offer, earnings 7-30
7/10/24 Eli Lilly (LLY) buyer of 250 Aug 9th $935/$980 call spreads at $19, playing earnings 8/8
7/10/24 Toll Brothers (TOL) bullish July action yesterday now seeing 4000 Sept $120/$100 bull risk reversals open for $2.15
7/10/24 Oracle (ORCL) 3475 September $155 calls trade $2.89 offer
7/10/24 Micron (MU) buyers of 4000 July $133 calls at $3.90 to $4.10
7/10/24 Micron (MU) buyer 600 Dec 2025 $280 way OTM calls $5.50 to $5.65
7/10/24 Advanced Micro (AMD) seeing buys of 625 February $200 calls at $25.36 as Sept $250 calls adjust
7/10/24 Advanced Micro (AMD) sees 15,000 August $250 calls buying at $1.06 to $1.27
7/10/24 Advanced Micro (AMD) also buyers of 1100 Aug 23rd $200 calls at $6.75 to $7.30
7/10/24 Baidu (BIDU) hot action continues with 2500 Dec $115 calls bought $6.90 to $7.10
7/10/24 Microsoft (MSFT) 7000 Sept $430 calls opening as July $420 adjust
7/10/24 DataDog (DDOG) 4500 August 23rd (W) $105 puts sell to open 1.27
7/10/24 Applied Materials (AMAT) with 1340 Sept $260 calls buying at $13.55 offer
7/10/24 Marvell Tech (MRVL) buyers of 885 June 2025 $95 calls at $7.95 to $8.05 offers
7/10/24 Celestica (CLS) buyer of 1700 Sept $62.50 calls at $5.80 to $6.50 offers
7/10/24 CrowdStrike (CRWD) buyer 200 April $430 calls $39.15
7/10/24 Palantir (PLTR) buyers of 2500 January $38 calls at $2.03
7/10/24 Western Digital (WDC) size buys in Oct $80 calls again 4000X looking to add to OI
7/10/24 Vertiv (VRT) 400 November $85 puts sell to open $8.90
7/9/24 S&P 500 ETF (SPY) buyer 5000 Jan $610 calls $5.25 as July $545 adjust and keep a runner
7/9/24 Biotech ETF (XBI) block of 4000 Jan 2026 $88 puts sell to open 7.45
7/9/24 Tesla (TSLA) buyers of 2100 Oct $500 max strike calls for $2.21 to $2.23, good sized lots over $500k
7/9/24 Tesla (TSLA) buyer of 1500 Dec 2026 $500 calls max strike max expiration at $49.45 as June 2026 $460 calls adjust
7/9/24 Tesla (TSLA) also with buyers of 5500 Nov $300 calls at $26.40, adjusting some $350 calls
7/9/24 Lululemon (LULU) opening sale of 1000 Aug $300 puts at $15.25 as Julys adjust
7/9/24 Chipotle (CMG) 1500 Jan 2026 $45 puts sold 2.95 bid to open
7/9/24 Uber (UBER) seeing 1700 March $80 calls bought $6.95 offer sweep
7/9/24 Shopify (SHOP) 9580 August 9th (W) $53 puts sell to open for 0.52
7/9/24 Netflix (NFLX) 425 October $790 OTM calls bought $23.66 to $24
7/9/24 Disney (DIS) 1200 December $85 puts sold to open 2.03
7/9/24 PDD Holdings (PDD) 5000 August 2nd (W) $137 puts sell to open $4
7/9/24 Halliburton (HAL) 1100 October $30 calls bought ITM $3.90
7/9/24 Occidental (OXY) opening sale of 5000 Aug 9th $61 puts at $1.43
7/9/24 Baker Hughes (BKR) opening sales of 14,810 Aug $31 puts for $0.30
7/9/24 Robinhood (HOOD) buyer of 3400 Feb $30 calls at $2.70 offers
7/9/24 Robinhood (HOOD) with more bull flow as 4000 Nov $27 calls buy $2.40 offer
7/9/24 Neurocrine Biosciences (NBIX) large aggressive buy of 500 Sept $150 calls $11.60 to $11.90
7/9/24 Eli Lilly (LLY) 450 Sept $950 calls buy $43.20 to $43.65
7/9/24 Apple (AAPL) nearly 3000 Jan 2026 $320 calls being bought max strike near $7.85, adjusting 280 strike
7/9/24 Nvidia (NVDA) buyers of 1200 Aug 23rd $132 calls at $10.55, captures earnings week
7/9/24 Nvidia (NVDA) also seeing buyers of 3200 Aug 9th $140 calls at $3.75 to $4.05
7/9/24 Applied Materials (AMAT) seeing 1000 Sept $280 calls bought early $6.35 offer
7/9/24 Applied Materials (AMAT) also 875 Oct $270 calls bought $12.50 to $13
7/9/24 Corning (GLW) with 4000 January $50 calls bought $1.70 to $1.80
7/9/24 Arm Holdings (ARM) August 2nd (W) / August 9th (W) $190 call calendars open 1000X at $1.80
7/9/24 ASML (ASML) 760 Sept $1070 calls bought to open for $5.8M as August $1000 calls roll out and up
7/9/24 Baidu (BIDU) buyer 1000 January 2026 $155 calls $5.15
7/9/24 Camtek (CAMT) 1000 Nov $100 puts sell today to buy the $135/$155 call spreads, popular structure in this name for over a year now
7/9/24 Advanced Micro (AMD) Aug 9th (W) $190/$225 call spreads buying 4000X for earnings late July
7/9/24 Marvell Tech (MRVL) with 1250 December $82.50 calls bought today $6.65 to $6.95
7/9/24 Pure Storage (PSTG) buyer of 1000 Sept $65 calls at $6.10 offers
7/9/24 Zscaler (ZS) 400 September $195 puts sell to open 13.30
7/8/24 Nasdaq 100 ETF (QQQ) buyer of 4000 Dec $545 calls at $9.44, looks to be adjusting $500 calls
7/8/24 Russell 2000 ETF (IWM) opening sale of 1500 Sept 2025 $190 puts at $9.01 as Dec short puts adjust
7/8/24 S&P 500 ETF (SPY) opening sale of 3600 June 2025 $465 puts at $7.06 as the $450 short puts adjust
7/8/24 Technology ETF (XLK) with 3000 August 2nd $235 calls bought at $5.41 as the $230 calls adjust
7/8/24 Semiconductors ETF (SMH) 2000 Sept/Jan $325 calendar call spreads open for $7.43
7/8/24 Silver ETF (SLV) buyer of 12,300 Nov $29 calls at $1.94
7/8/24 Brazil ETF (EWZ) with 1000 Dec $25 calls bought $4.30
7/8/24 Tesla (TSLA) 3450 March 2025 $420 calls being bought in offer sweeps $11.95 to $12
7/8/24 Tesla (TSLA) $265M in Sept $230 calls bought as Aug 200 adjust out and up
7/8/24 Tesla (TSLA) buyer 500 Sept 2025 $255/$355 call spreads
7/8/24 Tesla (TSLA) 4000 August 2nd (W) $415 calls are bought here $4.95 offer
7/8/24 Tesla (TSLA) seeing over 7000 August 2nd $315 calls buy at $4.95 to $5.40 in large blocks
7/8/24 Target (TGT) buyer 300 June 2025 $165 calls $11.95 offer
7/8/24 McDonald’s (MCD) buyer 2500 August 2nd (W) $240 puts $2.05
7/8/24 Ferrari (RACE) buyer 400 August $440/$470 call spreads adjusts some July $430 calls
7/8/24 Chipotle (CMG) buyer 1000 Aug 2nd (W) $61 calls $2.90 for 7-24 earnings
7/8/24 Chipotle (CMG) opening seller 2000 June 2025 $55 puts for $4.41
7/8/24 Airbnb (ABNB) buyer 500 September $135 calls $22.30 to $22.50
7/8/24 Home Depot (HD) with 1000 Jan 2026 $380 calls sell to open at $26.20
7/8/24 Occidental (OXY) with 500 February $62.5 puts sold to open $4.35
7/8/24 Citigroup (C) buyer 10,000 Nov $72.50 calls for $1.30 as some July $60 adjust out and up
7/8/24 Axsome Therapeutics (AXSM) 1300 August $90 calls buying $2.05 to $2.20
7/8/24 Axsome Therapeutics (AXSM) with 2000 Jan $100/$125 call spreads buy at $4.80
7/8/24 Immunocore (IMCR) another 2000 October $35 puts being sold to open $2
7/8/24 Blueprint Medicines (BPMC) sees 850 Dec $115 puts sell to open $10.50
7/8/24 Danaher (DHR) 1000 August $250 calls sold to open $4.21
7/8/24 FTAI Aviation (FTAI) 2000 August $110 calls bought $6.125 as July 95 adjust
7/8/24 Advance Micro (AMD) buyer 1000 March $190 calls $24.54
7/8/24 Micron (MU) buys of 2000 September $125 calls $14.80 offer into recent dip
7/8/24 Apple (AAPL) opening sale of 1000 Aug 2nd $230 puts at $8.50 to $8.15
7/8/24 Apple (AAPL) also buyer of 2250 Aug 9th / Aug 23rd $240 call calendar spreads for $0.80
7/8/24 Applied Materials (AMAT) with 630 June 2025 $260 calls buy at $33 to $33.80
7/8/24 American Super (AMSC) with buyers of 3350 July $29 calls
7/8/24 ServiceNow (NOW) sees a buyer of 700 Aug 2nd $670 puts at $4.10
7/8/24 Pure Storage (PSTG) opening sale 1300 Nov $70 ITM puts $8.80 to $8.70
7/8/24 Taiwan Semi (TSM) 500 Jan 2026 $175 puts sell to open $24.65
7/8/24 Nvidia (NVDA) 3500 Dec 2025 $112 puts sell to open $17.56
7/8/24 Nvidia (NVDA) buyers of 2000 Aug 9th $120 ITM calls at $12.50 to $12.80
7/8/24 Nvidia (NVDA) also over 2500 August 23rd $130 puts sell to open at $10.50 to $10.40
7/8/24 Nvidia (NVDA) seeing large opening sales of 13,000 Jan $132 calls at $19.45 down to $19.10, implies a ceiling near 150-152 for now