Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:40 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META
4) 9:10 Stock Review – Software: IGV (ETF), NOW, PANW, CYBR, CHKP, CVLT, VRNS, GWRE, APP
5) 12:05 Stock Review – Semiconductors: SMH (ETF), AVGO, TSM
6) 13:25 Stock Review – Biotech/Medical Products: XBI (ETF), TMDX, HALO, MMSI, NTRA, PRCT
7) 15:55 Stock Review – Others/General Ideas/Commentary: NFLX, ASTS, RKLB, LUNR, CWAN, SFM, ONON, CAVA, FTAI, HWM, NEE, VST, CEG, VRT, DECK, SPOT, CELH
8) 25:55 Stocks Near Buyable Ranges: XBI (ETF), IGV (ETF), META, NTRA, NVDA, PLTR, PRCT, FROG
9) 35:05 Conclusion/Summary

Market Summary:
As I mentioned in last Weekend’s Video, the market recovered off its lows, and has been consolidating recently. One thing I didn’t like last week was the big distribution day on Thursday, August 29th. The main reason was that it was the biggest volume day since the market recovered off the recent August lows. That led me to send a Market Note to Members on Friday, August 30th basically saying to keep your expectations realistic over the near-term. The note was a reminder to members to remain patient, know your timeframe, and use lighter positions over the near-term because I am expecting a range (with higher volatility) during this seasonally weak month of September.

I am certainly not bearish because we are still in a bull market. I’m simply expecting a range. The main reason I am leaning more bullish than most people is that many growth stocks continue to act well. My instincts tell me that we will eventually resolve to the upside in Q4, as soon as the market is done consolidating. Towards the end of this video, I discuss many trade ideas. Please keep in mind that you can either pass or use lighter than normal positions if you decide to trade any of these ideas. The main goal of this product is to help traders build their confidence, and one way to do that is by using lighter positions to help strengthen your decision-making muscle. If we see more days of heavy distribution and the market breaks below its current range, then I will stick to my stops and reduce exposure. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
9/4/24 Nasdaq 100 ETF (QQQ) Sept $464 calls bought 1500X and a buyer of 3000 Sept $472 calls for $4.03
9/4/24 Semiconductors ETF (SMH) 1075 Dec $171 puts sell to open for $3.15
9/4/24 Silver ETF (SLV) 2000 April $24 puts sell to open 1.15
9/4/24 Healthcare ETF (XLV) buyer 1600 Dec $160 calls $3.70 offer
9/4/24 Tesla (TSLA) Feb $300 calls that saw buys yesterday add to open interest with another 1800 buying today near $11.25
9/4/24 Rivian (RIVN) 1500 March $14 calls bought 2.65 to 2.67
9/4/24 Costco (COST) buyer 150 April $840 calls for $104.70
9/4/24 Nike (NKE) large opening sale 1700 Sept 2025 $80 puts for $8.60
9/4/24 Mondelez (MDLZ) opening seller 2200 Dec 67.50 puts 0.60 to 0.55
9/4/24 VF Corp (VFC) with 1900 March $22.50 calls bought $1.19 offer
9/4/24 Las Vegas Sands (LVS) 2650 March $30 puts sell to open 0.78
9/4/24 Wynn Resorts (WYNN) 925 Nov $77.5 calls bought $5.05 to $5.20
9/4/24 DoorDash (DASH) 1100 March $95 puts selling to open 3.20 to 3.10
9/4/24 Uber (UBER) 325 Jan 2026 $77.50 calls bought $12.20 to $12.30
9/4/24 AppLovin (APP) buyer of 500 Nov 82.50 calls ITM for 12.30
9/4/24 Schlumberger (SLB) 1000 Sept 2026 $32.50 puts sell to open 2.80
9/4/24 Berkshire Hathaway (BRK.B) size buy 1000 Nov $500 calls $10.45
9/4/24 Goldman Sachs (GS) sweep buyers 1500 Oct $550 calls $2.15 to $2.18
9/4/24 Morgan Stanley (MS) buyers 600 Feb $105 calls at $5.45 offers
9/4/24 KKR (KKR) bull flow seeing 1700 October $120 calls bought $4.70 and higher
9/4/24 Coinbase (COIN) 2900 Dec $200 calls bought and most spreading against $300 calls
9/4/24 Coinbase (COIN) also 1750 Nov $175/$250 call spreads bought
9/4/24 LPL Financial (LPLA) with 800 Oct $240 calls bought as Sept adjust
9/4/24 JP Morgan (JPM) large trade sold 600 Jan 2026 $220 puts to open for $21.60
9/4/24 JP Morgan (JPM) buyer of 3000 Oct $230/$240 call spreads adjusting Sept 215 calls
9/4/24 Blackstone (BX) opening sale 1000 Sept $137 puts 3.10
9/4/24 CME Group (CME) with 1000 Oct $220 calls buying $3.20 to $3.30
9/4/24 J&J (JNJ) with 1150 March $155 puts selling to open $3.65 to $3.60
9/4/24 Immunovant (IMVT) buyer of 500 more April $35 calls $5.50 where 1000 bought yesterday
9/4/24 Rocket Labs (RKLB) buyers 1000 April $4 calls $2.70 to $2.80
9/4/24 Nvidia (NVDA) trade sells 20,000 weekly $96 puts to open 0.50
9/4/24 Nvidia (NVDA) block of 3000 April 2025 $105 puts sells to open for $15.12
9/4/24 Nvidia (NVDA) 1000 Jan 2026 $83 puts sold to open $11
9/4/24 Nvidia (NVDA) buyer 1500 Oct 4th (W) $97 ITM calls 12.25 to 12.45
9/4/24 Nvidia (NVDA) buyer 1000 Oct 4th (W) $99 ITM calls 10.90 to 11.15
9/4/24 Nvidia (NVDA) 1500 each of the Oct 4th (W) $101 and $102 calls also bought as that expiration is in focus for bulls today
9/4/24 Taiwan Semi (TSM) block 1500 April $160 puts sells to open $17.91
9/4/24 Meta (META) buyer 1850 Sep. 13th (W) $527.5 calls for $3.40
9/4/24 Apple (AAPL) opening sale 1300 Feb $175 puts for 2.50
9/4/24 Micron (MU) offer buys in Jan $85 calls 2000X near $14
9/4/24 Micron (MU) size buy 2000 Feb $100 calls $9.33
9/4/24 Qualcomm (QCOM) offer buys in Jan $160 calls ITM at $20 for 2000X
9/4/24 Qualcomm (QCOM) also 270 Feb 160 calls bought for $650K
9/4/24 Arm Holdings (ARM) seeing 2285 Dec $100 calls open for over $6M
9/4/24 Broadcom (AVGO) buyer 250 Jan 2026 $125 calls for $46 to $46.50, reports tomorrow night
9/4/24 Broadcom (AVGO) 500 June $145 puts sell to open 16.10 to 16
9/4/24 Oracle (ORCL) large buys of 1000 each March $120 and June $105 ITM calls as some deep ITM Sept calls adjust
9/4/24 Palantir (PLTR) sees 5000 Oct $29 calls buy $3.15 to $3.20, also a potential S&P inclusion name
9/4/24 Microsoft (MSFT) 4500 Nov $360 puts sell for $4.15
9/4/24 JFrog (FROG) some Sep 27.5 call buys, also 3500X Sept 30 calls bought, investor day on 9/10
9/3/24 Russell 200 ETF (IWM) buyer 10,000 Dec $219 calls $9.16 adjusting the $230 calls
9/3/24 Altria (MO) 1000 March 52.50 calls buy to open 3.65 to 3.48
9/3/24 Pepsi (PEP) 725 April $165 puts sell to open $4.55
9/3/24 Disney (DIS) sees 15,000 Sept 13th (W) 90/91 call spreads buying for $0.44
9/3/24 Airbnb (ABNB) opening seller 1000 April $120 ITM puts for $13.25
9/3/24 Baker Hughes (BKR) 9600 October $31 puts sell to open 0.35 to 0.30
9/3/24 Exxon (XOM) buyer 2300 November $130 calls 0.61 offer
9/3/24 Affirm (AFRM) 800 December $40 puts sell to open $4.45
9/3/24 Coinbase (COIN) 500 Feb $140 puts sold to open $14.65 to $14.40
9/3/24 MicroStrategy (MSTR) 1750 Oct. $123 puts bought for over $2M this afternoon
9/3/24 AbbVie (ABBV) 450 February $195 puts sell to open $9.55
9/3/24 AbbVie (ABBV) 920 March $220 calls bought $5.80
9/3/24 Novo Nordisk (NVO) 1500 Dec $130 ITM calls sell to open 15.60 to 15.35
9/3/24 Viking Therapeutics (VKTX) 1000 Oct $60 puts sold to open for 7.20
9/3/24 Immunovant (IMVT) 1000 April $35 calls buy to open $5.20 to $5.40
9/3/24 Nvidia (NVDA) 5500 Oct 4th (W) 89 puts sell to open 0.75
9/3/24 Nvidia (NVDA) block of 3000 August 2025 $115 puts sold to open $22.01
9/3/24 Teradyne (TER) 2500 Oct $110 puts sell to open 1.40 to 1.35
9/3/24 Marvell Tech (MRVL) 5000 Oct 60 puts sell to open 0.64
9/3/24 Marvell Tech (MRVL) 2000 Dec 57.5 puts sell to open 1.95
9/3/24 Taiwan Semi (TSM) 1350 Sept $162.50 calls sell to open 6.95
9/3/24 Palantir (PLTR) buyers 7500 Jan $35 calls $2.65 offer sweeps
9/3/24 Google (GOOGL) size opening sale 2500 August 2025 $140 puts for $7.80
9/3/24 Apple (AAPL) 3000 Sept 27th (W) $225 calls bought $5.70
9/3/24 Apple (AAPL) also 3500 Oct 4th (W) $235 calls being sold for $2.44
9/3/24 Micron (MU) 700 April 80 puts sell to open 7.95
9/3/24 Vertiv (VRT) buyer 700 March $100 calls $6.20
9/3/24 Arm Holdings (ARM) 3000 June 2026 $80 puts sell to open 14.70 as some July 2025 80 short puts adjust
Apogee Therapeutics (APGE) a Biotech popular with put sellers lately sees 500 Oct $50 ITM puts sell to open $4.60, strong bull signal