Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:55 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META, ONON
4) 8:45 Stock Review – Software: IGV (ETF), NOW, ORCL
5) 9:35 Stock Review – Semiconductors: SMH (ETF), AVGO, TSM
6) 10:35 Stock Review – Biotech/Medical Products: XBI (ETF) RYTM, NTRA, PRCT, CDNA
7) 12:00 Stock Review – Others/General Ideas/Commentary: UBER, NFLX, TSLA, COHR, FOUR, ASTS, RKLB, LUNR, CRMD, CWAN, SFM, CAVA, FTAI, HWM, GE, SPOT, PLTR, NEE, NRG, VST, CEG, AXON, TGLS, VRT
8) 17:40 Stocks Near Buyable Ranges: NVDA, ONON, ISRG
9) 18:50 Conclusion/Summary

Market Summary:
As I’ve said in recent videos, we’re in a bull market, so please keep things simple. I realize there’s a lot of noise out there with the political and geopolitical tensions, but overall, the market and its leading stocks continue to act well. Please do your best to shut out the noise and focus on the price action. I feel the market will continue higher into Q4, however, it will not be straight up. For example, during periods of seasonal weakness (or when the market gets extended), don’t be surprised to see the market digest through price or through time. Right now, we need to get through the Jewish holidays, and then the market is likely to start running in anticipation of the next earnings season. Overall, I’m not expecting any sustained downside from here, but please be patient and practice some discipline over the near-term.

Remember the main guidelines during 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. AGAIN, PLEASE KNOW YOUR TIMEFRAME! Thank you and good luck for the remainder of the week.

Unusual Option Activity:
10/2/24 S&P 500 ETF (SPY) buyer of 2300 Dec 31st $586 calls at $10.62 and sells to open the $535 puts at $8.04 in bull risk reversals for a small debit, playing for year end rally
10/2/24 Nasda1 100 ETF (QQQ) with 5100 Oct 25th $490 calls buy at $6.12
10/2/24 Nasdaq 100 ETF (QQQ) large opening put sale of 7500 Nov 1st (W) $475 puts for $7.86
10/2/24 Regional Banks ETF (KRE) large opening sale for 3000 June 2026 $56 ITM puts at $7.40
10/2/24 Regional Banks ETF (KRE) also seeing some large buyers of 4900 Dec $57 calls at $2.77
10/2/24 China Tech ETF (KWEB) 6000 Jan $35 puts sell to open 2.29 to 2.20
10/2/24 Silver ETF (SLV) buyers of over 7000 April $28 calls at $3.80 offers
10/2/24 Tesla (TSLA) buyers of over 5000 Nov 1st $290 calls at $6.10 to $6.20 in large lots
10/2/24 Tesla (TSLA) also buyer of 1800 Nov 1st $245 calls at $19.84
10/2/24 Tesla (TSLA) seeing large opening sales midday for 1100 Feb $275 ITM puts at $49.20 to $48.60
10/2/24 Pepsi (PEP) 500 Jan 2026 $175 puts sell to open ITM $15.90
10/2/24 PDD Holdings (PDD) 10,000 Oct $150 puts sold to open
10/2/24 PDD Holdings (PDD) 850 February $115 puts sell to open $3.95
10/2/24 JD.com (JD) block 5050 Dec $55 calls bought $2.51
10/2/24 JD.com (JD) opening sale of 1520 March $45 puts at $6.76
10/2/24 JD.com (JD) block 950 Jan 2026 $45 puts sells to open 9.50 bid
10/2/24 JD.com (JD) 600 Sept $45 puts sell to open 8.50
10/2/24 Carvana (CVNA) with 2000 Jan $155/$180 ITM call spreads buy for $13
10/2/24 Wynn Resorts (WYNN) buyer 1000 Nov $95 calls ITM $9.05 to $9.25
10/2/24 Wynn Resorts (WYNN) also buyers 3500 Nov $105 calls $4.78 to $4.90
10/2/24 Occidental (OXY) buyer 1500 March $52.5 calls $4.85 to $4.95
10/2/24 Occidental (OXY) buyer 1000 Jan 2027 $55 calls for $9.70
10/2/24 Pfizer (PFE) buyer 1000 Jan 2027 $30 calls $3.45 offer
10/2/24 J&J (JNJ) 2000 Oct $162.5 calls sell to open for 2.52
10/2/24 Novo Nordisk (NVO) buyer 2000 Dec $125/$145 call spreads for $3.95, also 1000 Oct $119 calls bought $2
10/2/24 Meta (META) March $560/$505 bull risk reversal trades 2150X at $43.40
10/2/24 Advanced Micro (AMD) buyers of 1320 Nov 1st (W) $160 calls for over $1.3M
10/2/24 Taiwan Semi (TSM) massive buy of 3500 Jan $175 calls $16.05 to $16.75
10/2/24 Amazon (AMZN) seller of 1000 Sept $155 puts for 8.30
10/2/24 Amazon (AMZN) buyers of 2300 Oct 25th $170 calls at $17.84 to $18.10, captures earnings 10/24
10/2/24 Cloudflare (NET) with 400 Sept 2025 $77.5 puts sold to open $12.15
10/2/24 DocuSign (DOCU) seeing unusual call buys again, 2700 Oct. 11th (W) $62 calls bought, wondering if we get M&A news
10/2/24 Texas Instrument (TXN) large bull risk reversal buys 800 March $230 calls and sells the $195 puts at net credit of $3.46
10/2/24 Alibaba (BABA) opening sale 500 Sept 2025 $145 puts $37.60
10/2/24 Alibaba (BABA) 500 Jan 2026 $145 puts sold to open $39.60
10/2/24 Alibaba (BABA) 950 Dec 2026 $110 puts sold in a block at $19.65
10/2/24 Alibaba (BABA) also 400 Dec 2025 $110 puts sell to open $16.52 to $16.25
10/2/24 Qualcomm (QCOM) 425 Sept 2025 $175 puts selling to open 26.50
10/2/24 TeraWulf (WULF) with 8000 Nov 1st $4.50 puts sell to open $0.64 as the Nov 8th and 15th short puts adjust
10/2/24 Vistra (VST) 875 January $160 calls bought $5.30 offer
10/2/24 Palantir (PLTR) with 1180 March $55 calls bought at $1.24 offer
10/1/24 S&P 500 ETF (SPY) block of 5000 Oct $581 calls bought at $2.26 as the $576 calls adjust
10/1/24 Nasdaq 100 ETF (QQQ) buyers of 1500 Oct 25th $475 calls at $14.30
10/1/24 Nasdaq 100 ETF (QQQ) seeing 5000 Dec $515 calls sell to open at $6.41, implies a ceiling near 520 into year end
10/1/24 UltraPro Nasdaq 100 ETF (TQQQ) buyers of 4400 Nov $70 calls at $5.35 to $5.90
10/1/24 China A Shares ETF (ASHR) buyers of 11,500 Dec $28 ITM calls at $2.40
10/1/24 China Tech ETF (KWEB) midday trade buys 21,250 March $44/$49 call spreads at $0.65
10/1/24 China Bull 3x ETF (YINN) massive buyers of 40,000 January 2026 $40 calls at $13.60 to $14.50, over $60M
10/1/24 Biotech ETF (XBI) with 10,000 Oct $99/$103 call spreads bought at $1.40
10/1/24 Ultra Silver ETF (AGQ) buyers of 1000 March $44 calls at $7
10/1/24 Energy ETF (XLE) buyers of 5500 Dec $94 calls at $1.55 offers
10/1/24 Gold ETF (GLD) spread bought 2500 June $295 calls $4.05 and sold 5000 of the $200 puts 0.70
10/1/24 Lululemon (LULU) buyer 280 December 2026 $270 calls $70 to $70.70
10/1/24 Walmart (WMT) with 20,000 Nov 1st (W) $90 calls bought 0.12
10/1/24 Tesla (TSLA) large buyers of 5500 Dec $305 calls at $12.75 to $12.90
10/1/24 Tesla (TSLA) 3000 June 2026 450/500 call spreads bought
10/1/24 JD.com (JD) 10000 March $35 puts sold to open 2.50
10/1/24 JD.com (JD) buyer of 2000 Dec $37 ITM calls at $7.29 as $35 calls adjust
10/1/24 AppLovin (APP) 410 Feb $110 puts sell to open 8.20 to 7.90
10/1/24 DoorDash (DASH) 43,500 Jan $120 calls bought $26.50 as the Nov. 100 adjust
10/1/24 Occidental (OXY) buyer 1000 max strike and timeframe Jan 2027 $75 calls for $4
10/1/24 Occidental (OXY) sees 1300 March $50 ITM calls buying at $6.90
10/1/24 CleanSpark (CLSK) buyer 700 max strike, timeframe Jan 2027 $20 calls $4.30
10/1/24 MicroStrategy (MSTR) 800 Dec $100 puts sell to open 4.75
10/1/24 UP Fintech Holding (TIGR) buyer 5000 Jan $7.50 calls $.80 offer
10/1/24 Merck (MRK) 10,000 Nov $110 puts sell to open for $2.03
10/1/24 AeroVironment (AVAV) with unusual 1325 Nov $260 calls bought
10/1/24 Nvidia (NVDA) 8500 Oct $114 puts sell for $3.20
10/1/24 Nvidia (NVDA) 2500 May $85 puts sold to open $4.55
10/1/24 Nvidia (NVDA) also sees 1300 Jan 2027 $130 calls buying at $34.55 to $34.80
10/1/24 Nvidia (NVDA) large midday buyers of 10,000 Nov $111 ITM calls at $12.65 to $12.75
10/1/24 Nvidia (NVDA) late day opening seller of 10,000 Oct 25th $119 puts at $7.25 in a single block
10/1/24 Cloudflare (NET) 7800 Nov 8th (W) $60 puts sell to open 0.65
10/1/24 Alibaba (BABA) 1500 April $140/$160 call spreads bought
10/1/24 Alibaba (BABA) buyers of 2000 April $165 calls and $170 calls also bought
10/1/24 Alibaba (BABA) opening sales of 1150 Jan 2026 $115 puts for $19.60 to $18.95
10/1/24 Alibaba (BABA) also massive buyers of 2300 September 2025 $140 calls at $8.40 to $9
10/1/24 Alibaba (BABA) 900 Jan 2026 $110 puts selling to open down to $16.15 for over $1.5M
10/1/24 Google (GOOGL) 1650 August 2025 $190 calls are bought $10.75
10/1/24 Advanced Micro (AMD) opening sales of 450 April $150 puts at $15 to $14.80
10/1/24 Dell (DELL) size buy 1500 April $120 calls $13.84 follows big put seller yesterday
10/1/24 Broadcom (AVGO) 15,000 Nov $140 puts selling to open 1.85
10/1/24 Palantir (PLTR) opening sales of 2700 Feb $30 puts at $1.80 to $1.83
10/1/24 AST SpaceMobile (ASTS) 1000 May $35 calls bought $6.50 to $6.60
9/30/24 S&P 500 ETF (SPY) buyers of 2900 Dec $579 calls at $15 offers
9/30/24 Nasdaq 100 ETF (QQQ) 1925 Oct. 25th (W) $467 ITM calls bought for $4.5M
9/30/24 Nasdaq 100 ETF (QQQ) opening sales of 3100 Dec 31st $390 puts for $2.13
9/30/24 China ETF (FXI) buyer of 400,000 March $41/$44 call spreads for 0.24
9/30/24 China Bull 3x ETF (YINN) over 1000 January $52 calls bought midday at $3.88
9/30/24 Biotech ETF (XBI) sees 2500x5000x Jan 2026 $115/$135 call ratio spreads opening at $1.30 debit
9/30/24 Tesla (TSLA) seeing some buyers of 1300 Oct 25th $265 calls for $19.30 offers
9/30/24 JD.com (JD) with 4000 Nov $48 calls bought at $1.98
9/30/24 Wynn Resorts (WYNN) buyer 2500 Jan $100 calls for $7
9/30/24 Lowe’s (LOW) 900 April $270 calls buying at $20.65 to $20.80
9/30/24 Chipotle (CMG) opening sale 3000 March $48 puts $1.50
9/30/24 Occidental Petro (OXY) buyer 300 Feb $45 calls $8.50
9/30/24 Zillow (Z) buyer 500 Jan 2026 $90 calls 6.55 offer
9/30/24 PayPal (PYPL) 2500 March 57.5 puts sell to open 1.15
9/30/24 KKR (KKR) large buyer of 1250 March $130 calls for $12.65 as the Oct calls adjust a large winner
9/30/24 MicroStrategy (MSTR) stock replacements buy 300 Jan 2027 $170 calls for over $2.5M
9/30/24 Capricor Therapeutics (CAPR) buyers of 1000 Nov $7.50 calls at $5.09 to $5.28
9/30/24 Viking Therapeutics (VKTX) buyer 650 Jan $77.50 calls for $8.15
9/30/24 Krystal Biotech (KRYS) opening sellers of 1500 Nov $195 calls at $9.10 to $9.00
9/30/24 Rocket Labs (RKLB) 1175 June 2025 $20 calls bought $1.15, max strike
9/30/24 Alibaba (BABA) with 1000 Jan $110 puts selling to open at $9.30 down to $8.65
9/30/24 Apple (AAPL) 1200 Aug 2025 $180 puts sell to open $4
9/30/24 CrowdStrike (CRWD) buyers of 240 Dec 2026 $290 calls at $81.75
9/30/24 Nvidia (NVDA) seeing 11,000 Oct 11th (W) $112 and 6500 of the $113 puts sell to open
9/30/24 Nvidia (NVDA) opening sale of 1000 Sept 2026 $90 puts at $14.20
9/30/24 Nvidia (NVDA 10,000 Oct 25th (W) $120 puts being sold for $5.40 to $5.35
9/30/24 Nvidia (NVDA 500 Jan $190 ITM puts sell to open for 69.50, essentially a bet on shares staying above 120
9/30/24 Meta (META) buyer 500 Nov 8th (W) $640 calls for $9 captures next report
9/30/24 Meta (META) seeing 2000 Nov $575 calls buying at $33.55 to $34.45
9/30/24 Meta (META) buyer 725 OTM Dec $690 calls 7.70 to 7.85
9/30/24 Baidu (BIDU) buyer 500 March $145 ITM calls $4.70 offer
9/30/24 JFrog (FROG) with unusual buy 1000 Nov $30 calls 2.10 offer
9/30/24 Cirrus Logic (CRUS) 600 Nov $130 calls buy for $350K, earnings late Oct
9/30/24 Vertiv (VRT) opening sales of 1800 Jan 2026 $150 calls at $11.70 to $12
9/30/24 Arm Holdings (ARM) opening sale 3250 Jan $200 calls $5.62
9/30/24 Constellation Energy (CEG) with 2500 Nov 1st $215 puts sell to open at $1.68, another weekly put sale for Nov 1st expiry
9/30/24 Constellation Energy (CEG) seeing 1500 Jan 2026 $200 puts sell to open at $21 to $20.20 bids, collecting $3M in premium and willing to be long back near that big gap fill
9/30/24 S&P 500 Index (SPX) seeing the JPM quarterly collar roll from Sept to Dec with 39,600 December 31st (Q) $6020 calls sell to open at $55.35 to buy 39k of the $5425/$4580 put spreads for $59.08, likely will adjust at the close as they often do based on where SPX closes. But gives a 6000 target into year end as a key level to watch
9/30/24 Nasdaq 100 ETF (QQQ) with its own version of the quarterly collar spread seeing 8100 December 31st $530 calls sell to open at $4.40 to buy 8100 of the $475/$430 put spreads at $8.71
9/30/24 Nasdaq 100 ETF (QQQ) buyers for over 14k Oct 25th $505 calls at $2.55 to $2.64 as some $510 calls adjust, also spreading vs sales of the $515 calls at $1.01, nice structure risk reward wise for a move higher into Tech earnings season