Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:45 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META
4) 10:15 Stock Review – Software: IGV (ETF), NOW, PANW, CYBR, CHKP, GDDY, CVLT, VRNS, SMAR, APP
5) 13:00 Stock Review – Semiconductors: SMH (ETF), AVGO, TSM, CRUS, MPWR, NVMI
6) 14:25 Stock Review – Biotech/Medical Products: XBI (ETF), DYN, CSTL, SUPN, CRNX, CRBP, VKTX, ALNY, TMDX, HALO, MMSI, NTRA, NVCR
7) 18:35 Stock Review – Others/General Ideas/Commentary: NFLX, ASTS, RKLB, LUNR, CWAN, SFM, PLTR, ONON, CAVA, SHAK, DY, FTAI, HWM, SPOT, NEE, VRT, TEM, COHR, DECK
8) 25:45 Conclusion/Summary

Market Summary:
Since the market came off its lows on August 5th, the price action has been very resilient. We had a Day 6 follow through day (FTD) on Tuesday, August 13th, followed by a pause day on lighter volume. It’s always a good sign when the market or a stock has a decent gain and barely gives anything back. We saw another FTD on Thursday, August 15th, followed by another pause day last Friday. Again, solid price action.

In last weekend’s video, I mentioned how I was expecting some sort of pause/consolidation for two reasons: 1) The Nasdaq Composite was right at its 50-day moving average (an area where you might see some resistance). 2) The Federal Reserve’s Jackson Hole Symposium is later this week and I wasn’t expecting any major money to be put to work until we heard from the Fed. Well, the market proved to be incredibly strong and we saw ANOTHER FTD on Monday, August 19th, followed by two more pause days on Tuesday and Wednesday. Currently, the Nasdaq Composite is 3.1% extended from its 21-day. Probability-wise, a pause/consolidation would be expected, but again, this market is incredibly resilient. If we do see a drop over the next week or two, I wouldn’t expect it to be anything major. If you are looking to get more invested, please remember to stick to the discipline of getting strong entry points. I realize the market has run a decent amount in such a short period of time, but please DO NOT HAVE FOMO! Hopefully, we get some digestion soon allowing for stocks to provide safer entry points. As always, if you struggle making decisions, you can use lighter position sizes to help build your decision-making muscle. Thank you and good luck for the rest of the week.

Unusual Option Activity:
8/21/24 Nasdaq 100 ETF (QQQ) seeing large lots buying Sept 30th (Q) $490 calls 9400X
8/21/24 Russell 2000 ETF (IWM) 1500 Sept 2026 $165 puts sell to open $3.45
8/21/24 Oil Services ETF (OIH) sees 330 April $250 puts sell to open $8.70
8/21/24 Treasury ETF (TLT) with 4500 Sept 27th $95 ITM calls sell to open $4.10 to $4
8/21/24 McDonald’s (MCD) 1100 Sept $285 puts sell to open $4.50 to $4.40
8/21/24 Wynn Resorts (WYNN) buyer 1000 Nov $80 calls $3.70 to $3.75
8/21/24 Wynn Resorts (WYNN) buyer 650 Oct $77.5 calls $3.95 to $4, also seeing 2985 Oct 80 calls bought
8/21/24 Schlumberger (SLB) opening sale of 3000 Jan $45 calls at $3.26
8/21/24 Shift4 Payments (FOUR) buyer 200 Nov $77.50 calls for $8.40
8/21/24 Coinbase (COIN) massive buyer of 15,000 Oct $195 calls at $24 as the Sept $210 calls adjust again
8/21/24 Affirm (AFRM) buyers 3000 June 2025 $50 calls $3.15 to $3.20 as bull flow continues into earnings 8-28
8/21/24 Novo Nordisk (NVO) opening seller 4375 Sep. 27th (W) $123 puts for 1.10
8/21/24 J&J (JNJ) 1200 November $150 puts sell to open 1.70
8/21/24 Eli Lilly (LLY) 225 Jan 2026 $960 calls sell to open $160.75 to $166 as some Dec 2025 $940 short calls adjust
8/21/24 Merck (MRK) seeing 16k Sept $120 calls sell to open $0.74 to $0.80
8/21/24 Abbott Labs (ABT) large bull opens 3855 October $115/$105 bullish risk reversals at $1.26 debit
8/21/24 Abbott Labs (ABT) also 200 June $120/$115 bull risk reversals open at $3.50 credit
8/21/24 Vertiv (VRT) buyer of 200 June $67.50 calls at $21.30 offer
8/21/24 Vertiv (VRT) also an opening sale of 650 June $100 calls at $9.70
8/21/24 Rocket Labs (RKLB) 3500 Sept 7th (W) $6.50 calls buy $1.35 offer and higher
8/21/24 Broadcom (AVGO) 2250 October $175 calls selling to open $8 to $7.40
8/21/24 Meta (META) 1000 Sept 6th (W) $530 puts sold to open $9.05
8/21/24 Meta (META) 500 Dec 2025 $445 puts sold to open for $2M
8/21/24 GoDaddy (GDDY) buyers of 560 January $190 calls $3.60 offer
8/21/24 NXP Semi (NXPI) opening seller 2325 Sep. 2th (W) 220 puts for 1.75
8/21/24 Nvidia (NVDA) bid opening sellers in Sept 27th (W) $130 puts 1500X
8/21/24 Nvidia (NVDA) also 1750 of the $127 calls bought for $1.9M
8/21/24 Taiwan Semi (TSM) 2500 September 172.50 calls selling to open 8.07 to 8
8/21/24 Microsoft (MSFT) opening sales of 10,000 Oct $445 calls at $6.80
8/21/24 Microsoft (MSFT) also a sale of 10k Sept $445 calls at $3.05, seeing a ceiling into 450 zone for now
8/21/24 HP Enterprise (HPE) 4000 Sept 17 puts sell to open 0.35, reports 9-4
8/21/24 Intuit (INTU) seeing some buyers of 500 Oct $690 calls at $23, reports tomorrow
8/21/24 Apple (AAPL) sale to open 600 June 2025 $235 puts for $20.20
8/21/24 Cloudflare (NET) buyer 500 Oct $75 calls $9.30
8/21/24 Applied Materials (AMAT) 3450 Oct $230 calls sold to open 5.15
8/20/24 Russell 2000 ETF (IWM) 2000 Sept 2025 $205 puts sell to open $11.99 and buys 2k of the $240 calls at $9.84 for bullish risk reversals, continue to see a lot of 2025 expirations with puts sales in Russell
8/20/24 S&P 500 ETF (SPY) buyer of 1000 December 2025 $620 calls at $20.92 offer, long term bull
8/20/24 Treasury ETF (TLT) opening sales of 1500 Nov $102 puts at $5 to $4.90
8/20/24 Healthcare ETF (XLV) buyer of 2000 Dec $150 puts at $2.31
8/20/24 Hershey (HSY) with over 1000 Sept $197.50 calls being bought $4 to $4.80
8/20/24 Target (TGT) sell to open 800 April $140 puts at $11.80
8/20/24 Netflix (NFLX) buyer in Oct $720 calls 500X while Dec $770 calls sold 500X
8/20/24 AppLovin (APP) buyer 1000 Oct 90 calls for $550K as the $70 calls adjust higher
8/20/24 Coupang (CPNG) buyer 1000 December $24 calls $1.85
8/20/24 Disney (DIS) 2000 March $95 calls selling to open for $6.05
8/20/24 Wynn Resorts (WYNN) opening sellers of 1000 Nov $77.50 puts at $4.75, also the $75 puts sell to open 1000x
8/20/24 Texas Roadhouse (TXRH) 400 April $155 puts sell to open $8.40
8/20/24 Valero (VLO) large buyers of 15,000 Dec $165 calls at $3.60 as $175 calls adjust
8/20/24 Viking Therapeutics (VKTX) buyer of 500 Feb $80 calls at $11.10
8/20/24 Danaher (DHR) 575 Nov $250 puts sell to open $4.26
8/20/24 Abbott Labs (ABT) 1100 October $110 puts sell to open 2.79
8/20/24 Corbus Pharma (CRBP) unusual buy of 500 November $70 calls to open at $11
8/20/24 Eli Lilly (LLY) buyers of 1000 Sept 27th $1000 calls at $14.30 to $16.30
8/20/24 FTAI Aviation (FTAI) buyer 1000 September $120 calls $4.69
8/20/24 Intuitive Machines (LUNR) with space names hot a buyer 2000 March $5 calls $1.90
8/20/24 Intuitive Machines (LUNR) buyers of 2900 Jan 2026 $15 calls at $1.05 to $1.10
8/20/24 Caterpillar (CAT) large opening sale 5000 Sept $325 puts for $2.26
8/20/24 Cloudflare (NET) buyer 500 October $87.50 calls for $4
8/20/24 HubSpot (HUBS) 1130 October $430 puts selling to open $6.50
8/20/24 Micron (MU) opening sales of 1500 Feb $100 puts at $9.60
8/20/24 Dell (DELL) 2000 March $85 puts sell to open for $6
8/20/24 Nvidia (NVDA) trading 5000 January $128/$145 call spreads
8/20/24 Snowflake (SNOW) opening sale 1000 June 2025 $110 puts $11.45
8/20/24 Oracle (ORCL) opening sale of 1500 Sept $131 puts at $2.81
8/20/24 Oracle (ORCL) 15,000 Sept 120 puts sold to open 0.93
8/20/24 Microsoft (MSFT) large buy 10,000 March $460 calls $20.10
8/19/24 S&P 500 ETF (SPY) buyers of 15k Sept 13th $563 calls at $4.95 in large lots
8/19/24 S&P 500 ETF (SPY) also seeing 3400 October 31st $541 puts sell to open at $6.71
8/19/24 Russell 2000 ETF (IWM) buyers of 2750 Sept 6th $215 calls for $3.30 to $3.60
8/19/24 Financials ETF (XLF) buyer of 5000 March 31st $49 calls at $0.55
8/19/24 China Tech ETF (KWEB) seeing large buyers of 10,000 March $30 calls for $1.44
8/19/24 Regional Banks (KRE) block of 10,000 November $62 calls sell to open $0.86
8/19/24 Walmart (WMT) 550 March $75 puts sell to open $4.05
8/19/24 Nike (NKE) 2500 October 87.5 calls sold to open 2.98
8/19/24 Tesla (TSLA) 1000 February $280/$200 bull risk reversals open for $3.51 credit
8/19/24 Chipotle (CMG) 2000 Jan 2026 $77 calls sell to open 2.83
8/19/24 Starbucks (SBUX) opening seller 10,000 October $85 puts $0.97
8/19/24 Chevron (CVX) 10,000 September $145 puts sell to open $1.91
8/19/24 Coinbase (COIN) large buyers of 650 December 2026 $300 calls for $68.50, over $4.5M
8/19/24 American Express (AXP) 400 November $240 puts selling to open down to 6.10
8/19/24 AbbVie (ABBV) massive buyer of 1500 Jan 2026 $210 calls at $17.87 as the June $180 calls adjust
8/19/24 Viking Therapeutics (VKTX) with 230 Jan 2026 $65 puts selling to open 23.70
8/19/24 United Health (UNH) 725 November $610 calls bought for $1.3M as Oct. $590 adjust
8/19/24 FTAI Aviation (FTAI) 3250 September 97.50 puts selling to open 0.85 to 0.70
8/19/24 Caterpillar (CAT) 545 June 2025 $380 calls sold to open 21.50
8/19/24 Boeing (BA) 10,000 October $160 puts sell to open 2.43 to 2.38
8/19/24 Qualcomm (QCOM) seeing over 9k Sept $170 puts selling to open $5.78 to $5.60
8/19/24 Qualcomm (QCOM) also opening sales of 2700 Aug 30th $172.50 puts at $4.10 to $3.75
8/19/24 Clear Secure (YOU) up to 1590 Oct $30 calls bought 0.65 to 0.71
8/19/24 Cadence Design (CDNS) 1900 Sept $250 puts selling to open 1.90 to 1.85
8/19/24 Apple (AAPL) 400 February $220 calls bought $20.60
8/19/24 Arista Networks (ANET) opening sellers 575 Feb $280 puts $5.80 to $5.70
8/19/24 Advanced Micro (AMD) large buyers for over 1700 Sept $144 calls at $12.50 to $13.15
8/19/24 Nvidia (NVDA) large opening sales for over 15,000 Sept 13th $140 calls at $5.12 to $4.90
8/19/24 Constellation Energy (CEG) large opening sale of 2800 October $160 puts at $2.41
8/19/24 NextEra Energy (NEE) buyer 2700 June 2026 $120 calls around 1.70