Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:05 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META, ONON, VRT, AVGO, TSM
4) 11:05 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, CHKP, FTNT, GWRE, APP, DOCS
5) 13:15 Stock Review – Semiconductors: SMH (ETF), PI, ARM, AMSC, SMTC
6) 15:35 Stock Review – Biotech: XBI (ETF) TARS, CRNX, VKTX
7) 17:30 Stock Review – Others/General Ideas/Commentary: WIX, NFLX, COHR, CLS, ASTS, RKLB, LUNR, SFM, SG, CAVA, TXRH, FTAI, HWM, GE, SPOT, PLTR, NEE, NRG, CEG, VST, GDS, PCT, DECK, UPST
8) 26:40 Stocks Near Buyable Ranges: SG, FOUR
9) 28:45 Conclusion/Summary

Market Summary:
As I’ve discussed over the past few weeks, here are my 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, the number of positions to own, and when to take profits.

From here, I think the market we be in a range until the election. After the election, I feel we will continue to the upside because the uncertainty of the event will be behind us. Also, with the expected split Congress, the market is likely to finish the year strong as it tends to like gridlock. In addition, the Fed is on our side, the upcoming seasonality is strong, and many of the leading growth stocks continue to act well. As always, I will remain open-minded and continue to update you in these videos and market notes. Thank you and enjoy the rest of your weekend.

Unusual Option Activity:
10/25/24 S&P 500 ETF (SPY) buyers of 1800 April $570 ITM calls $38.50 to $38.85
10/25/24 Russell 2000 ETF (IWM) opening seller of 1500 June $227 ITM puts at $15.37
10/25/24 Russell 2000 ETF (IWM) also with 2500 Feb $220 puts selling to open at $9.90 to $10.15
10/25/24 Small Cap Bull 3X ETF (TNA) sees some buyers of 3000 Nov $45 calls at $2.75
10/25/24 Nasdaq 100 ETF (QQQ) buyer of 1250 Nov $504 calls at $8.01 offers
10/25/24 Nasdaq 100 ETF (QQQ) opening seller of 1150 Dec 2026 $439.78 puts at $27.57, over $3.5M
10/25/24 Nasdaq 100 ETF (QQQ) late day opening seller of 1500 Dec 2025 $480 puts for $30.04, over $4.5M
10/25/24 Oil Services ETF (OIH) with 1500 Dec $280 puts sell to open for $13.10
10/25/24 S&P Equal Weight ETF (RSP) large buyer of 2500 Jan 2027 $160/$120 strangles at $38.51, leans strongly bullish delta
10/25/24 Tesla (TSLA) with 500 April $260 puts sold to open $31.95
10/25/24 Tesla (TSLA) 500 Nov 29th $260 puts sold for $13.40
10/25/24 Tesla (TSLA) 3000 Dec $335 calls bought at $4
10/25/24 Tesla (TSLA) large blocks buying 3000 Dec $330 calls at $5.49
10/25/24 Tesla (TSLA) also 2500 Nov $340 calls bought at $1.33 offers, aggressive buying continues
10/25/24 Tesla Bull 1.5X ETF (TSLL) buyers of 1700 March $19 calls at $2.18 as Dec $14 calls adjust
10/25/24 Lyft (LYFT) size buy 10,000 June $20 calls $1.16
10/25/24 Las Vegas Sands (LVS) 5000 Nov 1st (W)/Nov 22nd (W) $55 call calendars open
10/25/24 Starbucks (SBUX) seeing 1125 Dec 2026 $95 calls buy at $19.50 offer, likely adding to OI
10/25/24 SM Energy (SM) buyer of 1400 Dec $60 call at $2.65 offer
10/25/24 Viking Therapeutics (VKTX) sees 3000 Dec $90 calls sell to open 6.81
10/25/24 Viking Therapeutics (VKTX) sees 1000 Jan $125 calls bought at $3.00
10/25/24 Pfizer (PFE) opening sale 1000 June $26 puts $1.17
10/25/24 TEVA Pharma (TEVA) seeing 1250 Jan 2027 $15 puts sell to open $1.91, more bull flow
10/25/24 Rocket Lab (RKLB) buyer of 1000 April $8 ITM calls at $4.10
10/25/24 PureCycle Technologies (PCT) buyer 1200 Jan 2026 $27 calls $3.40 offer with stock at $15
10/25/24 Workday (WDAY) 2500 Dec. 6th (W) $205 puts sell to open 2.55
10/25/24 Pinterest (PINS) 4500 Feb $25 puts selling to open and 2500 of the $39 calls bought
10/25/24 EPAM Systems (EPAM) unusual 400 Nov $200 calls bought $7.70 to $8 offers into earnings 11-7
10/25/24 Palantir (PLTR) opening sale 500 Jan 2026 $50 puts 12.65
10/25/24 Vertiv (VRT) 2000 Nov $121 calls bought $3.25 as some $114, $115 adjust
10/25/24 AST SpaceMobile (ASTS) over 1500 Dec $20 ITM calls bought at $8.60 to $8.70
10/25/24 Nvidia (NVDA) sees 2800 Nov $139 calls bought $8.50
10/25/24 Nvidia (NVDA) massive buyers of 9500 Jan $168 calls at $5.85 offers in large lots, over $5.5M
10/25/24 Nvidia (NVDA) seeing that weekly call seller adjusting from $142 and $148 strikes to roll up to next weeks $147 and $155 calls sold 90,000x at $1.89 and $0.32, collecting weekly premium likely against long stock
10/24/14 Nasdaq 100 ETF (QQQ) 1500 Nov 29th (W) $492 calls bought for $2M
10/24/14 Nasdaq 100 ETF (QQQ) buyers of 2000 Nov 29th $470 ITM calls at $29 to $29.89 for over $6M
10/24/14 Russell 2000 ETF (IWM) block of 1000 June $204 puts sell to open at $7.47
10/24/14 Russell 2000 ETF (IWM) also a large block of 3000 June 2026 $220 puts sell to open $19.12 for $6M in premium
10/24/14 Bitcoin Strategy ETF (BITO) seeing 1000 March $18 puts sell to open $3.75
10/24/14 Silver ETF (SLV) size buy 5000 August 2025 $34 calls $2.95
10/24/14 Brazil ETF (EWZ) buyers 13,000 Nov $27.50 calls $0.57
10/24/24 Tesla (TSLA) early buys active 5000 February $300 calls for $7.5M
10/24/24 Tesla (TSLA) also aggressive buys 2000 April $320 calls $13.25 to $16
10/24/24 Tesla (TSLA)1800 Nov 29th (W) $250 puts sell to open $15.25
10/24/24 Tesla (TSLA) also 1200 Nov 22nd (W) $240 puts sell to open 9.65
10/24/24 Tesla (TSLA) buyer 20,000 Feb $240 calls $36.85 adjusting the Dec $240 calls
10/24/24 Tesla (TSLA) also size buyers 4000 Feb $320 calls for $5M
10/24/24 Walmart (WMT) 6000 Nov 22nd (W) $76 short puts open 0.54
10/24/24 Walmart (WMT) sale to open 1700 Sept $70 puts $2.10
10/24/24 Mattel (MAT) buyer 10,000 Nov $19 calls $0.30
10/24/24 Pepsi (PEP) 300 April $165 calls sell to open 13.10
10/24/24 Uber (UBER) 9000 Dec $65 puts sell to open $0.92
10/24/24 Las Vegas Sands (LVS) 55,000 March $45 calls buy $9.02 as Dec 40 adjust
10/24/24 Wynn Resorts (WYNN) massive buy 38,500 March $87.5 calls $15 as the Nov calls adjust
10/24/24 Wayfair (W) 425 June $37.5 puts sold to open $5
10/24/24 KKR (KKR) with 2000 Sept 2025 $100 deep ITM calls buy at $49.80
10/24/24 Goldman Sachs (GS) buyers of 1300 Nov $530 calls at $9.65 to $10
10/24/24 Coinbase (COIN) buyer 1475 Nov $190 ITM calls for $4M looking to add to OI
10/24/24 Coinbase (COIN) 200 August $210 puts sell to open 53.40 bid
10/24/24 Viking Therapeutics (VKTX) opening sellers of 4000 Nov $90 calls at $2.50 to $2.05
10/24/24 Viking Therapeutics (VKTX) buyers of 1300 next weeks $70 calls
10/24/24 Baxter International (BAX) 1000 Sept $30 puts sell to open 1.25
10/24/24 Bristol Myers (BMY) 1300 May $43 deep ITM calls buying $10.95
10/24/24 Teradyne (TER) 5850 Dec $95 puts sell to open $1.50 to $1.36
10/24/24 DataDog (DDOG) opening sale 5500 Dec $100 puts 1.46
10/24/24 Google (GOOGL) 1300 April $175 calls sold to open 9.05
10/24/24 Nvidia (NVDA) opening seller 1500 Dec $154 ITM puts $20.21
10/24/24 Nvidia (NVDA) Nov 8th (W) $141 calls active with buyers 8000X trading $4M premium
10/24/24 Taiwan Semi (TSM) size buys 6500 Nov. 8th (W) $200 calls for $4M+
10/24/24 Applied Materials (AMAT) 425 March $175 puts bought $14.20 to $14.25
10/24/24 Arm Holdings (ARM) buyer 350 Jan 2026 $195 calls for $26.10
10/24/24 AST SpaceMobile (ASTS) with 1500 Dec $35 calls bought $3.80 offer
10/24/24 Constellation Energy (CEG) buyer 1000 next week $270 calls 4.60 to 4.90
10/24/24 Vistra (VST) buyers of 2000 next weeks $127 calls $3.40 offers, reports 11/7
10/24/24 Vistra (VST) late buyer of 1000 Dec $135/$155 calls spreads at $5.10 and sells 2000 Jan $125 puts at $13.60
10/24/24 Vertiv (VRT) late day buyer 925 Jan 2026 $160 calls $13.10 to $13.25
10/23/24 Palantir (PLTR) with buyers into the close for 1200 June $65 calls at $2.53 offer