Link to Weekend Blog Post about the election: https://joefahmy.com/2024/10/27/dont-mix-your-politics-with-your-investing

Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:30 FOCUS LIST: NVDA, LLY, MSFT, ISRG, META, ONON, VRT, AVGO, TSM
4) 11:00 Stock Review – Software: IGV (ETF), NOW, ORCL, PANW, CHKP, FTNT, GWRE, APP, DOCS
5) 15:25 Stock Review – Semiconductors: SMH (ETF), ARM, SMTC
6) 16:10 Stock Review – Biotech: XBI (ETF) TARS, CRNX, VKTX, PRCT, TMDX
7) 20:05 Stock Review – Others/General Ideas/Commentary: WIX, NFLX, COHR, CLS, ASTS, RKLB, LUNR, SFM, FOUR, SG, CAVA, TXRH, SPOT, PLTR, NEE, NRG, CEG, VST, GDS, PCT, DECK, UPST
8) 24:45 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.

As I mentioned in last weekend’s video, 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 good luck for the remainder of the week.

Unusual Option Activity:
10/30/24 Nasdaq 100 ETF (QQQ) sees large buys of 2k Nov 29th $475 ITM calls at $31.30
10/30/24 S&P 500 ETF (SPY) buyers of Sept 30th 2025 $597, $598, $599 and $600 strike calls for 1-2k of each bought
10/30/24 S&P 500 ETF (SPY) large opening sales of 9250 Dec 6th (W) $556 puts for $3.85M premium
10/30/24 Russell 2000 ETF (IWM) 3000 Dec 2025 $217 puts sell to open $13.91
10/30/24 Consumer Discretionary ETF (XLY) buyers 4900 November $207.50 calls
10/30/24 Emerging Markets ETF (EEM) buyer 5000 March $46 calls $1.62
10/30/24 Tyson Foods (TSN) buyer 500 April $55/$80 call spreads
10/30/24 WingStop (WING) sees 1500 Dec $250 puts sell to open $3.20
10/30/24 Shake Shack (SHAK) seeing 1000 Nov $130 calls buy $4.50 to $4.90
10/30/24 Shake Shack (SHAK) spread sold 750 June $115 puts to buy the $140/$170 call spreads
10/30/24 Las Vegas Sands (LVS) buyer 3000 Nov $54 calls $1.26 to $1.30
10/30/24 Netflix (NFLX) 2000 Nov 22nd (W) $760 calls being sold to open 18.95
10/30/24 Schlumberger (SLB) 1100 Jan 2027 $32.5 puts selling to open $3.30
10/30/24 Visa (V) 950 May $260 puts sell to open $5.15
10/30/24 TeraWulf (WULF) buyer 1000 May $7 calls $2.25 offer
10/30/24 Coinbase (COIN) trade opens 1300 August 2025 $430/$150 bull risk reversals at a net credit of $2.45
10/30/24 Coinbase (COIN) size trading with Dec $220 calls adjusting 35,000 to Nov $215 calls
10/30/24 Eli Lilly (LLY) 1500 Nov $700 puts sell to open $4.50
10/30/24 Eli Lilly (LLY) opening sale of 2500 Nov $900 calls at $2.90
10/30/24 Eli Lilly (LLY) also with 650 June $900 calls sell to open $54.45 to $53.20, taking advantage of rich premiums
10/30/24 AstraZeneca (AZN) seeing 1370 Dec $72.50 ITM puts sell to open down to $3.25
10/30/24 Revolution Medicines (RVMD) 3000 January $55 calls buy $5.70 to $5.90
10/30/24 Quanta (PWR) 1700 Dec $320 calls buys $15.20 as Nov. calls adjust
10/30/24 Microsoft (MSFT) seeing large opening sales of 12,500 March $465 calls at $17 to $16.30 into earnings
10/30/24 Google (GOOGL) seller 2400 Dec 2025 $145 puts $5.75
10/30/24 Nvidia (NVDA) 1800 May $105 puts sell to open $5.90
10/30/24 Amazon (AMZN) buyer 1500 Dec 6th (W) $200 calls $6.60
10/30/24 Reddit (RDDT) buyers of 940 April $120 calls at $16.65 offers
10/30/24 Palantir (PLTR) seeing 2770 Sept 2025 $65 calls bought for $1.2M
10/30/24 Astera Labs (ALAB) buyer 10,000 Nov 80/95 call spreads as 75 calls adjust into earnings next week
10/30/24 Confluent (CFLT) reports tonight and seeing 500 Dec $23 calls buy midday for $2.85 offer sweeps
10/30/24 Dell (DELL) large buys of 3000 Jan $170 calls at $2.96
10/30/24 Dell (DELL) also buyers of 1400 Nov 22nd $145 calls $3.00
10/30/24 Constellation Energy (CEG) buyer of 1000 Nov $280 calls at $8.65 as weeklies adjust for earnings next week
10/30/24 Vistra (VST) with 2100 Nov $127 calls buy $8.28 as weekly’s adjust
10/29/24 S&P 500 ETF (SPY) opening sale 1000 Jan 2026 $420 puts 6.53
10/29/24 S&P 500 ETF (SPY) buyer 10,000 Dec 31st (Q) end of year $615 calls $2.49
10/29/24 Russell 2000 ETF (IWM) buyer 5000 May $245 calls $6.29 looks to be adjusting February $245 calls
10/29/24 Russell 2000 ETF (IWM) also with 2500 May $220 puts sold to open at $11.73 in a large stock replacement collecting nearly $3M in premiums willing to be long just below here, continue to see large put sales into 2025 for small caps
10/29/24 Financials ETF (XLF) massive buy of 30,000 Sept $49 calls at $2.75 as March $45 calls adjust
10/29/24 Junior Gold Miners ETF (GDJX) rare large interesting trade as 6000 Feb $47 puts sell to buy $57/$63 call spreads
10/29/24 Semi Bull 3X ETF (SOXL) 2300 Jan 2027 $23 puts sell to open $6.97
10/29/24 Regional Banks ETF (KRE) large buyer 8000 Dec $61 calls $2.48
10/29/24 Nasdaq 100 ETF (QQQ) 2500 Nov 29th $530 calls bought for $1.71 and sells 2500 of the $460 puts at $2.73 in bull r/r
10/29/24 Costco (COST) buyer of 300 Dec $890/$915 call spreads for $11.85
10/29/24 Tesla (TSLA) 1500 Feb $350 calls bought $8.30 up to $8.80
10/29/24 Home Depot (HD) 1000 Nov $375 puts sell to open for $4.40
10/29/24 Home Depot (HD) also 5000 Dec $350 puts sell to open for $2.80
10/29/24 Spotify (SPOT) 800 Dec $400 calls bought $24.10 to $24.40
10/29/24 Domino’s Pizza (DPZ) 1400 Dec $380 puts sold to open 5.10 to 5
10/29/24 ConocoPhillips (COP) opening sales of 1250 May $80 puts at $1.69
10/29/24 Halliburton (HAL) opening sale 1000 Jan 2027 $25 puts $3.46
10/29/24 Schlumberger (SLB) large buyers of 10,000 Jan $42.50 calls at $1.60 to $1.63
10/29/24 MicroStrategy (MSTR) with 240 Jan 2026 $270 calls sell to open at $101.75 to $104
10/29/24 MicroStrategy (MSTR) also 600 Dec $290 calls sold to open
10/29/24 Coinbase (COIN) buyer 25,215 Dec $220 calls $28.30 as the massive $190 position adjusts
10/29/24 BridgeBio Pharma (BBIO) 1000 Dec $25 calls bought $2.35 to $2.50 as Nov roll out a month
10/29/24 Corvus Pharma (CRVS) seeing buyers in April $9 calls 800X for $300K adjusting Dec
10/29/24 Modine Manufacturing (MOD) 1000 Dec $135 calls bought $12.80 as Nov $130 now adjust
10/29/24 Core Scientific (CORZ) bull flow continues with buys 1700 April $17 calls $2.15 to $2.20
10/29/24 Alibaba (BABA) buyers in Dec 110/135 call spreads 9000X
10/29/24 DataDog (DDOG) 775 Dec $130 calls bought $8 to $8.10
10/29/24 Google (GOOG) buyers 4000 March $170 calls for $6M adjusting Feb 155 calls from 9/9
10/29/24 Fortinet (FTNT) opening sale of 1200 June $85 ITM puts at $11.40
10/29/24 Arm Holdings (ARM) sees large opening sellers of 2900 April $190 calls at $17.20
10/29/24 Rubrik (RBRK) odd buyer 400 Jan 2026 $60 max strike calls $4.90 offer
10/29/24 Microsoft (MSFT) with 7500 Dec $465 calls bought $4.5M as Nov $445 adjust
10/29/24 Microsoft (MSFT) also size buys in Nov 22nd (W) $450 calls for $4M
10/29/24 Vistra (VST) 400 April $165 OTM calls buy up to $8.90
10/28/24 Russell 2000 ETF (IWM) seeing 2000 May $190 puts sell to open at $3.60 bids
10/28/24 Ultra Nasdaq ETF (TQQQ) seeing large lots buying 2000 Nov $72 ITM calls at $6.95 offers
10/28/24 Retail ETF (XRT) large buyer of 6500 Dec $80/$85 call spreads for $1.04
10/28/24 Oil ETF (USO) 2600 Dec $70 calls buy the dip at $4.25
10/28/24 Regional Banks ETF (KRE) with 2000 Dec $58 puts sold to open 2.55
10/28/24 Walmart (WMT) 6850 Dec $76.67 puts sell to open $1
10/28/24 Nike (NKE) 1750 April $60 puts sell to open $0.85
10/28/24 Nike (NKE) also 1450 Jan 2027 $55 puts sell to open 3.15
10/28/24 AppLovin (APP) 300 May $155 puts sell to open for $22.40
10/28/24 AppLovin (APP) also seeing 375 May $195 calls sell to open 15.20
10/28/24 Uber (UBER) opening seller 850 June $75 puts for $6.95
10/28/24 Occidental Petro (OXY) over 4850 May $37.50 puts sell to open $0.67 to $0.66
10/28/24 TeraWulf (WULF) buyer of 5000 March $11 calls at $1.05
10/28/24 MicroStrategy (MSTR) with 1000 Dec $160 deep ITM calls buy at $94.30 to $96.40
10/28/24 Berkshire (BRK.B) buyer 1000 Nov 22nd (W) $470 calls up to $4.50
10/28/24 Coinbase (COIN) late day buyer in Dec $280 calls 1500X $9 to $9.10
10/28/24 Novo Nordisk (NVO) buyer of 6000 Nov 8th $108/$100 put spreads for $2.00, reports 11/6
10/28/24 Corvus Pharma (CRVS) seeing 2170 January $6 calls close and open 2,185 of the April $8 calls
10/28/24 RxSight (RXST) unusual aggressive buy 1000 Nov $55 calls $2.20 offer sweep, reports 11/7
10/28/24 Vertiv (VRT) midday buyers of 2000 Nov $114 calls at $6 to $6.10
10/28/24 PureCycle (PCT) large buyer of 2900 Nov $10 ITM calls at $4.40 to $4.50 as weekly $13 calls adjust
10/28/24 Reddit (RDDT) buyer of 750 Jan 2026 $115 calls at $13.25, reports Tuesday PM
10/28/24 Reddit (RDDT) also buy of 1000 Nov 87/95 call spreads
10/28/24 Google (GOOGL) 1500 Jan 2026 $170 calls bought $3.7M
10/28/24 Palantir (PLTR) 3000 Feb $55 calls bought $3.05 as Dec adjust
10/28/24 Palantir (PLTR) opening sales of 2000 Dec $45 puts at $4.15 bids
10/28/24 ServiceNow (NOW) massive bull adjusting the Nov $740 calls 5075X to 7000 Feb $880 calls
10/28/24 Taiwan Semi (TSM) seeing 3500 June $195/$170 bull risk reversals trade for $16.45 debit
10/28/24 Amazon (AMZN) buyer 200 Jan 2027 $160 calls for $1.2M
10/28/24 HP (HPQ) buyers of 4000 Jan $41 calls $1.02
10/28/24 Apple (AAPL) 20,000 Dec 2025 $180 calls being bought ITM for $135M