Topics covered:
1) 0:00 Announcements
2) 0:50 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:40 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META, ONON
4) 8:50 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, CHKP, FTNT, CVLT, GWRE, APP, DOCS, SMAR
5) 12:35 Stock Review – Semiconductors: SMH (ETF), AVGO, TSM, PI, ARM
6) 15:20 Stock Review – Biotech/Medical Products: XBI (ETF) CSTL, HALO, MMSI, NTRA, PRCT, TMDX
7) 18:50 Stock Review – Others/General Ideas/Commentary: NFLX, TSLA, 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) 23:20 Conclusion/Summary

Market Summary:
I try my best to keep things simple. We’re in a bull market, and let’s not overcomplicate it. Shorter-term, I mentioned we could see some volatility towards the end of September and into early October. So far this week, the market has been incredibly resilient. I’m guessing the rate cut from the Fed last week is adding more liquidity into the market, and there seems to be a relentless bid beneath the surface. That being said, I still think we will see some normal pullbacks and shakeouts along the way, but nothing extreme to the downside. Remember the rules during these power trends: 1) Use the 21-day as your guide. In other words, if we are extended from this level, don’t be surprised to see minor pullbacks through price or through time. 2) Expose yourself to strong stocks and ETFs. I present plenty of ideas in these videos. 3) Get strong entry points near the 21-day and 50-day moving averages. 4) Stick to your stops. Just because it’s a bull market, it doesn’t mean EVERY trade is going to work. You still have to manage risk. 5) Manage your trades as best as possible based on your timeframe. I can give guidelines, but ultimately, you need to decide what position sizes to use and when to take profits.

From here, we are slightly extended on the Nasdaq Composite. Again, it doesn’t mean we HAVE to pullback, but if we do see one down to the 21-day, I would consider it normal price action. As always, if you have trouble making decisions or don’t want to actively manage your portfolio, use smaller positions and give them more room. I am presenting at a conference this weekend, and I would like to practice my talk for Educational Members. The topics are: Interpreting Unusual Options Activity, Interpreting Data for Market Calls, Market Psychology, and Biotech Idea Generation. I will be holding a special webinar tomorrow, Thursday September 26th at 7PM EST if you are interested in hearing this talk and giving me feedback. Thank you and see you on Thursday!

Unusual Option Activity:
9/25/24 S&P 500 ETF (SPY) sees 6000 Oct 25th $565 puts sell to open at $4.97 as Oct 18th short puts adjust
9/25/24 Healthcare ETF (XLV) opening sale of 5000 Nov 1st $156 calls at $1.16
9/25/24 Gold ETF (GLD) sees 1200 Nov $246 calls buying at $6.90 offer
9/25/24 Gold ETF (GLD) with 1700 Nov $235 puts sell to open $1.85 bids
9/25/24 Tesla (TSLA) buyers of 1200 Dec $325 calls at $9.85 to $9.95
9/25/24 Tesla (TSLA) buyer 200 Sept 2025 $155 ITM calls $118.20
9/25/24 Tesla (TSLA) 6000 Oct 11th $300 calls buying at $3.65 to $3.75 in large lots positioning for Robotaxi week
9/25/24 Roblox (RBLX) 1850 March $40 puts sold to open 2.85
9/25/24 GameStop (GME) buyer 1000 Nov $23 calls $2.64
9/25/24 Penn Entertainment (PENN) size opening sale 15,000 Nov $17.50 puts for $0.98
9/25/24 Disney (DIS) with 1000 Sept 2025 $95 puts sold to open $9.37
9/25/24 Schlumberger (SLB) buyer of 5000 Jan 2026 $55 calls for $2.37
9/25/24 Marathon Petroleum (MPC) opening sales of 1000 Jan $165 calls at $11.05 to $10.40
9/25/24 Exxon (XOM) large block of 15,000 Nov $105 puts sell to open $1.15
9/25/24 Coinbase (COIN) 150 May 2026 $175 puts sell to open $55.80
9/25/24 Blackstone (BX) seeing 1000 March $160 ITM puts sell to open at $15.55
9/25/24 AstraZeneca (AZN) opening sale of 4100 Nov $75 puts at $1.67 as Oct 11th $79 short puts adjust
9/25/24 Novo Nordisk (NVO) buyer of 450 Dec $125 calls for $10.40
9/25/24 Capricor Therapeutics (CAPR) with buyers of 1800 Oct $15 calls up to $1.00 offers
9/25/24 Nvidia (NVDA) over 5000 Oct $121 puts sell to open at $4.05 bids, sees a higher floor into next month
9/25/24 Snowflake (SNOW) 1000 September 2025 $130 calls sell to open 17.45 to 17.30
9/25/24 Salesforce (CRM) 1675 Oct $275 calls bought for $1.2M as some $270 adjust
9/25/24 Salesforce (CRM) buyer 1190 Oct 277.5/295 call spreads for $5.54
9/25/24 Broadcom (AVGO) opening sellers of 1000 August 2025 $135 puts for $7.75
9/25/24 Vertiv (VRT) sees 1500 June $100/$130 call spreads buying
9/25/24 Vertiv (VRT) buyer 3000 Oct $105 calls $3 as $100 strike adjusts higher
9/25/24 AST SpaceMobile (ASTS) trade sells to open 2200 Feb $22.50 puts for $5.48
9/25/24 Vistra (VST) seeing buyers 2290 Oct 11th (W) $130 calls $1.90 to $2.20
9/24/24 China Tech ETF (KWEB) over 20k Nov 1st $29 puts sell to open $1.02 to $1.00
9/24/24 Gold Miners ETF (GDX) with over 5500 Jan 2026 $50 calls buying at $3.55 to $3.70
9/24/24 Tesla (TSLA) 5250 Nov $250 puts sell to open $21.40
9/24/24 Tesla (TSLA) 10K Nov $200 puts sold to open 4.80
9/24/24 Netflix (NFLX) seeing 1475 Dec $750 calls bought $35 to $36.50
9/24/24 AppLovin (APP) sees a buyer of 400 March $180 calls for $6 as the $120 calls adjust
9/24/24 Affirm (AFRM) 2000 Jan 2026 $15 puts sell to open 1.05
9/24/24 KKR (KKR) 1200 Dec $115 puts sell to open 2.20
9/24/24 American Express (AXP) 1450 Oct $282.5 calls sell to open 2.24
9/24/24 Shift4 Payments (FOUR) with 1460 Nov $95 calls buying at $3.10 as Oct $82.50 adjust
9/24/24 MicroStrategy (MSTR) buyers of 1000 April $200 calls at $23.89
9/24/24 Agios Pharma (AGIO) sees 2000 Dec $40 puts sell to open 1.35
9/24/24 Merck (MRK) block of 2000 Dec $125 calls buying at $1.40
9/24/24 Snowflake (SNOW) opening seller 5000 November $95 puts for 1.33
9/24/24 Palantir (PLTR) 350 March $50 puts sell to open 13.80 bids
9/24/24 Meta (META) 1000 Nov 1st (W) $475 puts sell to open 4.80 to 4.75
9/24/24 CrowdStrike (CRWD) 400 April $380 calls bought $12.30 to $12.45
9/24/24 Nvidia (NVDA) large opening sale 800 Jan 2026 $194 ITM puts for $80.90
9/24/24 Advanced Micro (AMD) Nov 1st (W) $140 calls bought, over 5000X now
9/24/24 Advanced Micro (AMD) 400 April $155 puts sell to open 17.75
9/24/24 Broadcom (AVGO) large buy of 1000 Nov $150 ITM calls at $27.34 as some Oct calls adjust
9/24/24 Qualcomm (QCOM) buyers of 2400 Dec $200 calls at $3.75 offer sweeps
9/24/24 Qualcomm (QCOM) with 800 Feb 190/220 call spreads bought
9/24/24 Micron (MU) size opening sale 3900 Dec $85 puts for $5.15
9/24/24 Constellation Energy (CEG) 2500 Nov $210 puts sell to open 3.02
9/23/24 Russell 2000 ETF (IWM) buyers of 5250 Feb $245 calls at $4.13 as the $235 calls adjust up
9/23/24 Gold ETF (GLD) opening sellers of 1500 January $250 ITM puts at $11.10
9/23/24 Disney (DIS) sees 5650 Nov 1st $87 puts sell to open at $0.84
9/23/24 Spotify (SPOT) buyers of 890 Nov $380 calls for $21.20 to $21.85
9/23/24 Home Depot (HD) large opening sale of 5000 Nov $420 calls at $435 to $4.27
9/23/24 Goldman Sachs (GS) buyers of 1200 Nov $580 calls at $1.59 to $1.72
9/23/24 Visa (V) with 500 Nov $300 puts buying at $16.25
9/23/24 Summit Therapeutics (SMMT) buyers of over 2500 Oct $28 calls at $1.30 to $1.60
9/23/24 Micron (MU) buyer of 1600 Oct $92.50/$99 call spreads for $2.83
9/23/24 Apple (AAPL) massive buyer for 3800 Jan 2027 $230 calls at $41.25 to $41.35 in large lots, over $15M
9/23/24 Microsoft (MSFT) 1250 Nov 1st (W) $400 puts sell to open at $3.88, continued theme of Tech names seeing low delta put sales in Nov 1st expiry
9/23/24 Synopsys (SNPS) 1100 Oct $460 puts sell to open $3.10 to $3.00
9/23/24 Nvidia (NVDA) sees 12,000 December $126 calls sell to open at $8.41
9/23/24 Constellation Energy (CEG) buyer of 500 Oct $300 calls at $4.90
9/23/24 Constellation Energy (CEG) buyer of 1300 Dec $260 calls at $25.70 as the $210 calls adjust higher
9/23/24 Vistra (VST) buyer of 1000 Nov $140 calls at $3.50
9/23/24 Vertiv (VRT) buyer of 2850 Oct $100 calls at $3.55 as the $95 calls start to adjust
9/23/24 Vertiv (VRT) 2500 Jan 2026 $92.50 puts sell to open at $19.60 as the Nov $85 short puts adjust
9/23/24 Tesla (TSLA) large buyers of over 4000 June $425 calls at $12.25 to $12.40
9/23/24 Tesla (TSLA) large buyers for over 15,000 October 11th $260 calls at $10.50 to $10.80
9/23/24 Tesla (TSLA) non stop flows today, now sees buyers of 770 Nov 1st $230 ITM calls buying at $31.00 offer
9/23/24 Tesla (TSLA) large buyers of 3000 Oct 25th $270/$300 call spreads for $6.14, also sells to open 3000 of the $200 puts for $3.36, playing for earnings 10/16 and Robotaxi event