Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:30 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META, ONON
4) 11:25 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, CHKP, FTNT, CVLT, GWRE, APP, DOCS, SMAR
5) 14:10 Stock Review – Semiconductors: SMH (ETF), AVGO, TSM, PI, ARM
6) 15:00 Stock Review – Biotech/Medical Products: XBI (ETF), CRBP, CSTL, TARS, CRNX, APGE, RYTM, VKTX, HALO, MMSI, NTRA, PRCT, TMDX
7) 18:50 Stock Review – Others/General Ideas/Commentary: NFLX, COHR, FOUR, ASTS, RKLB, LUNR, CRMD, CWAN, SFM, CAVA, SG, TXRH, FTAI, HWM, GE, SPOT, PLTR, NEE, VST, CEG, DECK, AFRM, UPST, FROG, AXON, TGLS, YOU, VRT, TEM
8) 27:00 Stocks Near Buyable Ranges: XBI (ETF), NFLX
9) 27:50 Conclusion/Summary

Market Summary:
After that huge accumulation day on Wednesday, Sept 11th, I mentioned that we would likely see continued strength into the week of OpEx, and that’s what we saw over the past 7 trading days. In the middle of this recent run, we saw a reversal day on Wednesday, Sept 18th, and I said “don’t read too much into it.” The lesson here is please don’t micromanage every tick and bar in the market. You’ll drive yourself crazy. The other point I made in the most recent MidWeek Video is that there are too many stocks acting well for me to get bearish right now.

From here, we are short-term extended on the Nasdaq Composite and we are also heading into a seasonally weak period. I’m neither expecting any major downside nor any major upside over the next few weeks. Just a range with some volatility. That’s why I stress so many times in these videos to know your timeframe and stick to your own plan. If you are longer-term, get those strong entry points and deal with potentially normal volatility. If you are shorter-term, one suggestion is to use lighter positions so you don’t get chopped up in case we see a range back and forth. As always, I will take this day-by-day and I’m still expecting a strong power trend into the year-end. However, for now, practice some patience until we get through this potential seasonal weakness. Thank you and enjoy the remainder of your weekend.

Unusual Option Activity:
9/20/24 S&P 500 ETF (SPY) sees longer term bulls sell to open 2600 April $490 puts at $7.18
9/20/24 Nasdaq 100 ETF (QQQ) sees 3500 Dec $491 ITM puts sell to open at $23.26 as the $470 short puts adjust higher
9/20/24 Gold ETF (GLD) sees 10,000 Nov $245 calls buy at $5.35 to $5.52 as the $230 calls adjust higher
9/20/24 Tesla (TSLA) sees a block of 400 March $275 ITM puts sell to open at $56.50
9/20/24 Nike (NKE) sees 2000 Dec 2026 $110 calls buying at $9.35 as more $100s adjust up
9/20/24 Deckers (DECK) sees a buyer of 1200 Oct $154.17/$160 call spreads at $1.92, adjust Sept calls
9/20/24 Target (TGT) with 700 April $190 calls buying at $3.15
9/20/24 Applovin (APP) buyers of 525 January $160 calls at $5.50 as some $130 calls adjust
9/20/24 ConocoPhillips (COP) opening sales of 2600 Dec $120 calls at $2.05 to $2.15
9/20/24 Affirm (AFRM) large buyer of 2000 Sept 2025 $50 calls at $11.50, over $2.4M
9/20/24 Affirm (AFRM) also with a block of 1750 May $40 puts sold to open at $6.86
9/20/24 KKR (KKR) with 600 June $135 calls sell to open $14.60
9/20/24 Goldman Sachs (GS) with 1000 Nov $550 calls buy at $5.20 as Oct adjust
9/20/24 Eli Lilly (LLY) sees a buyer of 1000 Oct 4th $1000 calls at $2.90
9/20/24 Viking Therapeutics (VKTX) sees 3500 Oct $90 calls active with buyers $1.30 to $1.50
9/20/24 GE Vernova (GEV) sees buyers of 1300 Oct $300 calls at $1.65 to $1.80
9/20/24 Taiwan Semi (TSM) with 1000 Sept 2025 $190 calls buy at $22.95
9/20/24 Dynatrace (DT) with 3500 Nov $52.50 calls buying at $3.25 as the $47.50 calls adjust
9/20/24 Synopsys (SNPS) with 1120 Nov $450 puts sell to open at $6.90 to $6.80
9/20/24 Cadence Design (CDNS) opening sales of 2000 Oct $245 puts at $1.60 to $1.65
9/20/24 Apple (AAPL) large buy of 14,650 Oct 25th $240/$260 call spreads for $2.48, adjusting 9/27 $230 calls
9/20/24 Datadog (DDOG) with 5000 Nov 1st $100 puts sell to open at $0.99, continued low delta put sales in top software names
9/20/24 MongoDB (MDB) sees 2250 Nov 1st $230 puts sell to open at $2.05, another software weekly put sale
9/20/24 Crowdstrike (CRWD) sees 2500 Nov 1st $320 calls bought at $7.22, adjusting some Jan $310 calls
9/20/24 Nvidia (NVDA) opening seller of 5000 Nov 1st $93 puts at $0.92, low delta put sales in that Nov 1st expiration all week
9/20/24 Camtek (CAMT) seeing spreads sell to open 250 Feb $75 puts at $10.06 to buy 500 of the Feb $80/$105 call spreads for $6.16
9/20/24 Vistra (VST) sees 1800 Jan $125 calls bought at $4.60
9/20/24 Vistra (VST) also buyers of 1400 Oct $105 calls at $4.10, adjusting some $92.50 calls
9/20/24 Constellation Energy (CEG) sees over 1900 Nov $340 calls buying at $1.90 to $2.45
9/20/24 AST SpaceMobile (ASTS) sees 450 Jan 2027 $25/$45 call spreads bought 3.80
9/19/24 S&P 500 ETF (SPY) opening sellers of 3400 January 31st $540 puts at $9.56
9/19/24 Nasdaq 100 ETF (QQQ) with 8900 November $480 puts sell to open at $13.25
9/19/24 Nasdaq 100 ETF (QQQ) also seeing buyers of 3500 Oct 11th $487.50 calls and $490 calls both bought
9/19/24 Semiconductor ETF (SMH) buyers of 1200 January $275 calls at $7.80
9/19/24 Biotech ETF (XBI) sees 3000 October $99 calls bought at $5.35
9/19/24 Biotech ETF (XBI) also with 3300 Oct $100 calls buying $5.10 to $5.25
9/19/24 Russell 2000 ETF (IWM) sees buyers of 1200 May $255 calls and $260 calls
9/19/24 Health Care ETF (XLV) with 1550 June $160 calls sell to open $6.55
9/19/24 Tesla (TSLA) seeing over 2750 Oct 11th $220 ITM calls buy at $26.40 to $26.55, Robotaxi week
9/19/24 Tesla (TSLA) seeing 2500 Feb $160 puts sell to open at $5.05 bids
9/19/24 Tesla (TSLA) sees a large roll of 30,000 Nov $225 calls adjusting up to $240 calls bought at $25.20
9/19/24 Procter & Gamble (PG) sees 10,000 Nov $160 puts sell to open at $1.30 in a single block
9/19/24 Starbucks (SBUX) with 1500 April $95 puts sell to open $6.46
9/19/24 Walmart (WMT) sees 3500 Nov 1st $75 puts sell to open $0.61
9/19/24 Instacart/Maplebear (CART) with 520 June $32 ITM calls buy at $12 to $12.25
9/19/24 Home Depot (HD) large trade opens 2100 Dec $400/$345 bull risk reversals at $10.40 debit
9/19/24 First Solar (FSLR) with 3000 November $190 puts sell to open at $4.70
9/19/24 MicroStrategy (MSTR) with 450 June 2026 $90 puts sell to open $25.50
9/19/24 Berkshire Hathaway (BRK/B) buyer of 600 March $470 calls at $22.56 as some $480 calls adjust
9/19/24 Biogen (BIIB) sees 400 Dec 2026 $200 calls buying at $48 to $50 offers
9/19/24 Tarsus Pharma (TARS) buyer of 479 Nov $35 calls at $3.83 as the Sept calls adjust
9/19/24 Quanta Services (PWR) buyers of 1300 Oct $290 calls at $9.25 as $280 calls adjust up
9/19/24 Apple (AAPL) large early buyers of 12,000 Oct 4th $230 calls at $2.65 to $3.10
9/19/24 Apple (AAPL) seeing buyers of 2400 Nov 1st $235/$245 call spreads for $2.90
9/19/24 Workday (WDAY) opening sale of 1200 Nov 1st $235 puts at $2.43
9/19/24 MongoDB (MDB) with 2100 Nov 1st $245 puts sell to open $3.55
9/19/24 Advanced Micro (AMD) opening sales of 1300 Oct 25th $165 puts at $13.40 to $13.20
9/19/24 Meta (META) buyers of 2000 Oct $590 calls at $4.75 to $5.70 offers
9/19/24 Meta (META) also buyers of over 4000 October $615 calls at $3.33 to $3.65
9/19/24 Crowdstrike (CRWD) sees over 900 Oct 25th $290 ITM puts sell to open $18.30 to $17.80
9/19/24 Qualcomm (QCOM) seeing 1250 June $185 calls sell to open at $20.50 to $20.35, implied ceiling up near 205
9/19/24 Vertiv (VRT) with 2700 Oct $95 calls buy $4.75 as $90 calls adjust
9/19/24 Intuitive Machines (LUNR) with 1600 March $9 calls buying at $1.85 offers
9/19/24 AST SpaceMobile (ASTS) opening sale of 2000 Jan 2026 $10 puts at $2.30
9/19/24 Nvidia (NVDA) buyers of 2200 Oct 11th $114 calls at $8.70
9/19/24 Nvidia (NVDA) sees opening sales of 750 Oct 25th $132 ITM puts at $15.55 to $14.65, confident bull
9/19/24 Nvidia (NVDA) saw a large late day buyer of 43,820 November $119 calls at $9.60 as the October $109 calls adjust after nearly doubled from early in month buys. Also a stock replacement at the close sold to open 1210 January 2027 $90 puts for $16.20