Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 18:00 Stock Review – Others/General Ideas/Commentary: GE, HWM, RTX, ERJ, META, UBER, NVDA, TSLA, MP, TW, ADMA, HALO, WMB, EXE
4) 23:25 Conclusion/Summary
Market Summary:
Over the past 4-5 weeks, I’ve been emphasizing “defense, defense, defense.” Why? The major indexes are below their 50-day moving averages (most are also below their 200-days), and the price action of stocks is very poor. From here, I would like to see 5 things in order to feel more confident that a new SUSTAINED uptrend might be coming: 1) Signs that the selling is slowing down. 2) One (preferably two) follow through days (FTD). 3) The major indexes to regain their 50-day. 4) The price action of stocks to improve. 5) Sentiment to get washed out. Again, this will take time to develop, but in the meantime, I will keep curating a list of stocks holding up well and observe how they act.
In this video, I reiterate the bullet points above, review page 151 in the O’Neil book, discuss sentiment, and stress to remain defensive until market conditions improve. Thank you and enjoy the rest of your weekend.
Unusual Options Activity:
3/28/25 Nasdaq 100 ETF (QQQ) stock replacement sells to open 1250 March 2026 $495 ITM puts at $41.60, over $5.25M
3/28/25 Nasdaq 100 ETF (QQQ) also buyers of 2900 April $482 calls at $10.05 offer sweeps
3/28/25 Gold ETF (GLD) 2500 June $278 puts sold to open $5
3/28/25 China Internet ETF (KWEB) sees 11,000 November $31 puts bought at $1.85 to $1.98
3/28/25 Lululemon (LULU) opening seller of 1000 Jan $250 puts at $20.40 into the earnings selloff
3/28/25 Electronic Arts (EA) 5000 May 150/160 call spreads buying as April $145 calls adjust
3/28/25 Shark Ninja (SN) opening sellers of 1200 May $80 puts at $4.10
3/28/25 Netflix (NFLX) size opening sale 1090 June $780 puts $11.75
3/28/25 Hess (HES) with 1200 Sept $170 calls buy at $7.48 as August adjust
3/28/25 Intuitive Surgical (ISRG) 1400 May $405 puts sell to open $3.74
3/28/25 Bristol Myers (BMY) opening sale of 1700 July $55 puts at $2.19
3/28/25 Google (GOOG) with 1000 March 2026 $130 puts sold to open at $6.91
3/28/25 Google (GOOGL) opening sales of 1800 Nov $150 puts at $10.66, over $2M
3/28/25 Nvidia (NVDA) opening sales of 1000 April 25th $107 ITM calls at $7.76
3/28/25 Microsoft (MSFT) today with 10,000 April $380 calls bought to open $13.60 to $13.90
3/28/25 Oracle (ORCL) 1000 May $140 calls buy $8.15 offer
3/28/25 Broadcom (AVGO) 850 Sept $175 calls bought 20.60
3/28/25 Amazon (AMZN) opening seller of 850 Nov $185 puts at $14.05
3/27/25 Russell 2000 ETF (IWM) large opening sale 2000 Sept 2026 $190 puts $11.70
3/27/25 Russell 2000 ETF (IWM) 4000 March 2026 $170 puts sell to open $4.81
3/27/25 Financials ETF (XLF) 2000 Oct $50 calls sell to open $3.36
3/27/25 Bitcoin ETF (IBIT) large buy 2250 June $44 calls $8.20
3/27/25 Brazil ETF (EWZ) 3000 Oct $27 puts sold to open 2.17
3/27/25 Shark Ninja (SN) opening sales of 1600 May $85 puts at $5.80
3/27/25 Uber (UBER) 5000 April 25th (W) $80 calls buy $1.35 offer
3/27/25 Ulta Beauty (ULTA) 750 May $350 puts sold to open $7.50
3/27/25 Wells Fargo (WFC) large opening seller of 3500 June 2026 $72.50 puts at $8.15
3/27/25 Novo Nordisk (NVO) 600 Jan 2027 $70 puts sell to open $13.05
3/27/25 SpringWorks Therapeutics (SWTX) 1250 June $50/$65 call spreads bought for $5.30
3/27/25 TG Therapeutics (TGTX) opening sale 500 August $45 ITM puts at $8.85 as May $35 puts adjust
3/27/25 Union Pacific (UNP) opening sale of 720 June $215 puts at $3.10
3/27/25 3M (MMM) opening sale 650 January $140 puts $10.05
3/27/25 Palantir (PLTR) 2500 April $92 calls bought $5.60 offer
3/27/25 Palantir (PLTR) 1800 July 57.5 puts sold to open 1.86
3/27/25 Meta (META) with 300 Sept $655 calls bought at $48.20 offer