Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:15 FOCUS LIST: NVDA, ISRG, META, TSM, ONON, TSLA, PLTR, AVGO, RKLB
4) 11:15 Stock Review – Software: IGV (ETF), NOW, CRM, APP, FTNT, CYBR, RBRK, TWLO, NET, KD, PSTG
5) 14:10 Stock Review – Semiconductors: SMH (ETF), SMTC, MRVL, ALAB, ANET, CRDO
6) 15:20 Stock Review – Biotech and Medical Products: XBI (ETF) TARS, SWTX, NTRA
7) 17:05 Stock Review – Others/General Ideas/Commentary: VRT, VST, CEG, NRG, GEV, SEI, GEO, YPF, WIX, CLS, LUNR, RDW, HWM, SPOT, BROS, SHAK, DECK, HOOD, RDDT, NBIS
8) 21:25 Conclusion/Summary

Market Summary:
In recent videos, I’ve discussed the biggest positive in the market: There are tons of growth stocks acting well. Stocks with strong fundamentals and strong technicals, and I continue to review them in these videos. The biggest negative is the weight of the market, and I’ve pointed out the distribution days over the past few weeks. What’s the conclusion from all this? I’m staying defensive until I see healthier conditions. So far this year for the Nasdaq Composite, it’s been one day down, two days up, five days down, and one day up today. Overall, this is a choppy environment and not one that suits my style. I’m looking for a SUSTAINED uptrend, and I still don’t see one developing over the near-term. If the major indexes can get back above their respective 50-day moving averages on some decent volume AND stay there, then I would feel more confident about a new power trend. For now, I am keep things light until conditions improve. Again, please don’t confuse defensive with bearish. As always, what you should do depends on your OWN situation and your overall investment plan. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
1/15/25 S&P 500 ETF (SPY) buyers of 3000 Feb 28th $570 ITM calls at $29.72
1/15/25 S&P Equal Weight (RSP) massive opening seller of 7500 June $170 puts at $3.42
1/15/25 Ark Innovation ETF (ARKK) over 3000 Feb $60 puts bought at $3.20 offer
1/15/25 Oil ETF (USO) buyers of 1500 Feb $82 puts at $2.30 to $2.65
1/15/25 Walmart (WMT) buyers 5000 June $110 calls for $1.05
1/15/25 Hims & Hers Health (HIMS) opening sale 1810 Jan 2026 $25 puts for 6.96
1/15/25 Tesla (TSLA) 3000 Sept $900 calls bought at $12.45 to $12.85 in large lots
1/15/25 Tesla (TSLA) 3000 April $830 calls buying at $3.20
1/15/25 Tesla (TSLA) 2150 Feb $535 calls bought at $6.70 to $7.20
1/15/25 Tesla (TSLA) seeing the big 7300 weekly spreads adjust to buy next weeks $432.50/$452.50 call spreads at $4.95
1/15/25 Target (TGT) buyer 1000 Jan 2026 $150 calls $11.55
1/15/25 Netflix (NFLX) seeing 1700 March $870 calls sell to open at $41.70 to $39
1/15/25 Spotify (SPOT) large buys of 990 March $520 calls at $25 to $27, reports 2/4
1/15/25 EQT (EQT) buyers of 4400 March $55 calls at $1.93 as the $50 calls adjust big winners
1/15/25 EQT (EQT) also sees fresh buyers of 1000 Jan 2027 $50 calls at $12.78
1/15/25 Coinbase (COIN) with massive buys 10,000 Feb 7th (W) $280 calls 16.10 to 16.30
1/15/25 Block (SQ) buyer 1700 Sept $75 ITM calls for $3.3M
1/15/25 Goldman Sachs (GS) sees 550 May $620 calls buy at $29.88 as the March $600 calls adjust
1/15/25 Eli Lilly (LLY) buyer of 300 August $650 ITM calls for $143.80, over $4M
1/15/25 GE Vernova (GEV) buyer 1000 Feb $410 calls for $17.90
1/15/25 Palantir (PLTR) with 500 Oct $45 deep ITM calls bought $28.25 as the Jan $33 calls adjust
1/15/25 Palantir (PLTR) 7500 May $41 puts selling to open 1.10
1/15/25 Nvidia (NVDA) 3000 June 2026 $135 calls sell to open $34.15, seeing a lot of call selling in it today
1/15/25 Micron (MU) seeing some size buys in Feb 7th (W) $105 calls
1/15/25 Micron (MU) sees 2250 Feb 7th $102/$108 call spreads bought $2.34
1/15/25 Nebius Group (NBIS) sees 1000 Feb 28th (W) 40/35 bull risk reversals
1/15/25 Dell (DELL) buyer of 2000 May $135 calls $3.30 offer
1/15/25 Baidu (BIDU) buyer 1500 August $100 calls $4.75 offer
1/15/25 Vistra (VST) buyer of 3500 March $180 calls for $17.77 adjusting some $160 strike calls
1/14/25 Russell 2000 ETF (IWM) sees 21,000 Feb $225 calls sell at $4.45 to $4.19
1/14/25 China Internet ETF (KWEB) 7500 May $29/$35 call spreads bought at $1.45, also sells 7500 of the $27 puts at $1.45
1/14/25 China Index ETF (CWEB) size buy 4000 July $29 calls $6.30 offer
1/14/25 iShares Bitcoin ETF (IBIT) 1250 Jan 2026 $41 puts sell to open $5.60 to $5.50
1/14/25 Biotech ETF (XBI) buyer 7750 Jan 31st (W) $86 puts for $1.50
1/14/25 Tesla (TSLA) call buying Algo across April 760, 770, 780, 800, 810, 820 strikes
1/14/25 Tesla (TSLA) with 2500 June $750 calls being bought $2.9M
1/14/25 Tesla (TSLA) seeing 1200 April $325 puts sell to open for $13.55, adjusts July $300 short puts
1/14/25 Tesla (TSLA) also with 290 August $440 ITM puts sell to open $87.70
1/14/25 On Holding (ONON) 2000 April $57.5 puts selling to open $5.75, as some Jan $50 short calls adjust
1/14/25 Cava Group (CAVA) 300 Jan 2026 $110 puts bought $20.35 to $21
1/14/25 Uber (UBER) opening sale of 13,700 Feb $57.50 puts at $0.85 as the Jan $65 puts adjust
1/14/25 Wynn Resorts (WYNN) size opening sale 2000 March $77.5 puts for $3.70
1/14/25 Wix.com (WIX) 2000 May 240/280 call spreads bought and seeing 2000 of the $200 puts sell to open, a popular bull covered risk reversal strategy in WIX have seen consistently for over a year now
1/14/25 SM Energy (SM) unusual buyers in August $55 far OTM calls 1900X $1.95 to $2.10
1/14/25 Williams Cos (WMB) buyer 2000 March $60 calls $1.40 offer
1/14/25 JP Morgan (JPM) size opening sale 1500 June $230 puts $8.06 into earnings
1/14/25 Capital One (COF) buyers 1500 April $180 calls for $2.2M looking to add to OI
1/14/25 Robinhood (HOOD) sees 2000 June $32 ITM calls bought at $14 to $14.25
1/14/25 Robinhood (HOOD) 1000 deep ITM Jan 2027 $50 puts sold to open $16.50 and $16 500X each
1/14/25 Goldman Sachs (GS) 700 March $540 puts sell to open for 13.40
1/14/25 Bank America (BAC) into report sees a buyer of 15,000 Feb 7th $47/$50 call spreads at $0.60
1/14/25 BridgeBio (BBIO) with 800 May $45 calls bought at $2.15
1/14/25 Royalty Pharma (RPRX) unusual buying 2100 July $32.50 calls 1.10 offer
1/14/25 Eli Lilly (LLY) 900 Feb $650 puts sell to open $8.10
1/14/25 Bristol Myers (BMY) buyers 5000 Feb $57.5 calls 1.28 to 1.30
1/14/25 Novo Nordisk (NVO) 1000 April $85 calls bought $4.85
1/14/25 GE Vernova (GEV) sees 340 April $400 calls buying at $34.50 to $34.80
1/14/25 Honeywell (HON) buyer 1200 June 230/250 call spreads
1/14/25 Kratos Defense (KTOS) 1000 May $40 calls bought $1.64 today
1/14/25 Kratos Defense (KTOS) also with buyers 2500 Feb 32.5 calls
1/14/25 Rocket Lab (RKLB) 2500 Jan 31st (W) $25 calls bought 1.73 offers
1/14/25 Nvidia (NVDA) sees a massive opening seller of 13,800 June 2026 $170 calls at $21.40 as the Dec 2025 $165 short calls adjust
1/14/25 Nvidia (NVDA) also sees 1800 June $124 ITM calls sell to open at $23.75
1/14/25 Microsoft (MSFT) buyer of 1000 June 2026 $350 ITM calls for $104 to $105, over $10M
1/14/25 Microsoft (MSFT) 14500 May $460 calls bought for $13M with Feb calls adjusting, similar to AAPL flow
1/14/25 Apple (AAPL) 20,000 May $255 calls opening as Feb $265 calls adjust
1/14/25 CrowdStrike (CRWD) large buyer of 350 Jan 2027 $380 calls at $85.20 to $86.50
1/14/25 Palantir (PLTR) size buyer 2000 March $67.5 calls for $8
1/14/25 Palantir (PLTR) buyer 2500 August $115 calls $3.40
1/14/25 ServiceNow (NOW) 1000 March $940/$860 bull put spreads open
1/14/25 Dell (DELL) 750 June 2026 $100 puts sold to open $15.90
1/14/25 Meta (META) large opening seller of 2000 Jan 2026 $745 calls at $44.55 as Dec $750 short calls adjust
1/14/25 Reddit (RDDT) sees 1000 June 2027 $260 calls bought at $44.25, max strike and expiration
1/14/25 Vistra (VST) 4500 June $110 puts sell to open 4.59
1/13/25 Software ETF (IGV) sees 1000 April $96 puts sell to open at $4.41
1/13/25 Semiconductor ETF (SMH) buyer 3000 Jan 2026 $180 puts $7.03
1/13/25 Financials ETF (XLF) opening seller 10,000 June 49 puts for 2.59
1/13/25 iShares Bitcoin ETF (IBIT) buyers of 3000 Feb $53 calls at $3.90 to $4
1/13/25 iShares Bitcoin ETF (IBIT) with 8750 March $68 calls sell to open at $1.43
1/13/25 iShares Bitcoin ETF (IBIT) 15,000 March $55 calls bought for $7M as February adjust out
1/13/25 Walmart (WMT) with 3500 Feb 28th $85 puts sell to open at $1.08
1/13/25 Tesla (TSLA) 1200 Jan 24th (W) $370 calls buying over $3M
1/13/25 Tesla (TSLA) sees 400 Nov $410 calls bought at $80.80, adjusting $430 calls
1/13/25 Tesla (TSLA) also buyers of 870 Feb 28th $450 calls at $15.75 to $16.80
1/13/25 Tapestry (TPR) with 600 June 2026 $60 calls bought $15.30 to $15.40
1/13/25 Trump Media (DJT) sweep buyers 2500 Feb $40 calls $4.35 to $4.40 offers
1/13/25 Chevron (CVX) 2000 August $135 puts sell to open $3.20
1/13/25 HF Sinclair (DINO) sees 550 June $35 ITM calls bought at $4.70 offers
1/13/25 Baker Hughes (BKR) sees 2900 Feb $41 calls bought at $4.25 as the $38 calls adjust up
1/13/25 Wells Fargo (WFC) with 1000 Jan 24th $70 puts sell to open here at $1.94 ahead of earnings
1/13/25 Capital One (COF) with 1000 April $180 calls bought $11.80 to $12.20
1/13/25 Insmed (INSM) buyer 500 August $70 calls $10.20 offer
1/13/25 Howmet Aerospace (HWM) Feb $125 calls bought 3000X at $2.40 and 2400 of the $130 calls bought $1.40
1/13/25 Intuitive Machines (LUNR) buyer of 1400 Feb 28th $16 calls for $3.25
1/13/25 Nvidia (NVDA) 2000 Oct $100 puts sell to open $6.80
1/13/25 Meta (META) 1000 ITM Jan 31st (W) $580 calls bought to open $4.2M
1/13/25 SAP ADR (SAP) 1550 Feb 220 puts sold to open $2
1/13/25 Microsoft (MSFT) buyers in next week $415 calls 4000X paying $7
1/13/25 Marvell Tech (MRVL) opening sale of 600 Jan 2026 $135 ITM puts at $33.50 bids
1/13/25 Service Now (NOW) buyer 5000 Feb $960 calls $82.30 adjusting the $880 calls
1/13/25 Coherent (COHR) 1150 February $100 calls being bought 4.40 to 4.70
1/13/25 Taiwan Semi (TSM) 950 June $200 puts sell to open $18.70
1/13/25 Vistra (VST) large buyers of 1250 March $125 deep ITM calls for $38.55 to $42.70
1/13/25 Constellation Energy (CEG) 2500 Feb 28th (W) $230 puts sell to open 3.00 to 2.95