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, MP, TW, ADMA, TGTX, 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, and stress to remain defensive until market conditions improve. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
4/2/25 Russell 2000 ETF (IWM) large opening sale of 7500 March $160 puts at $3.94 as Dec 2026 $200 short puts adjust
4/2/25 China ETF (FXI) buyer of 3500 August $38 calls at $1.63, adjusting June $35 calls
4/2/25 Gold Miners ETF (GDX) buyer 5000 January $65 calls 1.13
4/2/25 Five Below (FIVE) buyer 3700 May $90 calls at $2.30 to $2.70
4/2/25 General Motors (GM) opening sales of 4200 Sept $34 puts at $0.67 bids
4/2/25 Royal Caribbean (RCL) 2300 May $160 puts sell to open 1.64
4/2/25 DraftKings (DKNG) 300 ITM August $28 calls buy 8.15 offer
4/2/25 Las Vegas Sands (LVS) opening sale of 2000 Sept $37.50 puts at $3.10
4/2/25 Williams Cos (WMB) opening sale of 6800 May 9th $54 puts at $0.40
4/2/25 Williams Cos (WMB) also sellers of 3600 May $55 puts at $0.70
4/2/25 Occidental (OXY) 575 March 2026 $47.5 puts sell to open $4.10
4/2/25 Wells Fargo (WFC) buyer 5000 July $72.50 calls $4.95 to $5.15
4/2/25 Boston Scientific (BSX) 5000 May $85 short puts open 0.70 to 0.68
4/2/25 Glaxo (GSK) buyer 5000 April $38 calls 0.65
4/2/25 GE Vernova (GEV) 650 July $360 calls sold $22.8
4/2/25 Rocket Lab (RKLB) buyer 5000 May $20 calls $2.24 to $2.26
4/2/25 CoreWeave (CRWV) seeing 1800 April $60 calls with some size lot buys early, $1M premium
4/2/25 Micron (MU) with 5000 May 9th (W) $70 puts sold to open $0.60
4/2/25 Amazon (AMZN) large trade buys 12,675 May $190 calls at $12 as April $235 calls adjust
4/2/25 Oracle (ORCL) 1500 April $143 puts sold to open 3.80
4/2/25 Salesforce (CRM) aggressive buys 2000 April 25th (W) $260 puts $4.65 and higher
4/2/25 Vertiv (VRT) large buyer 20,000 June 95/115 call spreads for 2.64
4/2/25 Okta (OKTA) 650 Nov $115 calls sold to open 12.25
4/2/25 Alibaba (BABA) 650 March 2026 $130 puts sell to open $18.50
4/2/25 Microsoft (MSFT) over 15,000 July $420 calls buying $7.55 to $8
4/2/25 Apple (AAPL) also big buys 15,000 July $250 calls $3.75 to $3.95
4/2/25 Nvidia (NVDA) opening seller of 4000 May 9th $105 puts at $3.56
4/1/25 Gold ETF (GLD) large stock replacement sells to open 5000 May $288 puts at $5.50
4/1/25 Gold ETF (GLD) also 2700 August $288 puts sell to open $9.11
4/1/25 Bitcoin ETF (IBIT) buyer 1000 Sept $49 calls 7.25
4/1/25 Regional Banks ETF (KRE) buyers of 2350 May 2nd $59 calls at $1.07
4/1/25 Financials ETF (XLF) 10,000 May $49 puts sell to open 1.02
4/1/25 Semis ETF (SOXX) buyers 1350 Oct $230 calls $4.40 to $4.60
4/1/25 Nike (NKE) 350 Dec 2027 $65 calls bought 14.75 to 14.80
4/1/25 Tesla (TSLA) buyers of 2700 June 2026 $780 calls at $12.45 to $12.95 for over $3.4M
4/1/25 Walmart (WMT) large buyers of 800 June 2026 $87.50 calls at $12.35 offer
4/1/25 Wayfair (W) seeing 1000 June $35/$30 bull risk reversals trade to open at $0.68 debits
4/1/25 MGM Resorts (MGM) 1950 March 2026 $30 puts selling to open $4.45
4/1/25 Home Depot (HD) bull spreads selling 1000 May 340/320 put spreads and buying 1000 of the $380 calls
4/1/25 Uber (UBER) 2000 Sept $75 calls bought up to 7.75
4/1/25 Shopify (SHOP) 3300 May $95 puts sell to open $7.45
4/1/25 GEO Group (GEO) buyer 3000 May $30 calls at $2.65 as April $29 calls adjust
4/1/25 Tempus AI (TEM) with 2000 April 25th $46 calls sell to open $5.00
4/1/25 Rocket Lab (RKLB) buyer 1000 Dec $15 calls $6
4/1/25 Leidos Holdings (LDOS) 475 August $115 puts sold to open $4
4/1/25 Fabrinet (FN) 1950 May $140 puts sold to open 1.55
4/1/25 Dell (DELL) buyer 1000 May $90 calls $5.85 to $5.90
4/1/25 Vertiv (VRT) early buys 1000 May $85 calls $3.60
4/1/25 CrowdStrike Holdings (CRWD) buyer 500 August $410 calls $23 to $23.45
4/1/25 CrowdStrike Holdings (CRWD) also large opening sale 2275 June $350 puts for $25.60
4/1/25 Google (GOOG) 1350 June 2027 $195 calls sold to open 23.50
4/1/25 Nvidia (NVDA) with 7500 Jan $110 calls buying against $130 calls
4/1/25 DataDog (DDOG) 750 July $90 puts sold to open $5.75
4/1/25 DataDog (DDOG) also seeing 300 March 2026 $110 puts sell
4/1/25 Corning (GLW) 2500 June $47 calls buying as April adjust
4/1/25 Oklo (OKLO) 800 May $22 calls buying $3.45 offers
4/1/25 Vistra (VST) sees 450 Nov $125 calls buy at $21.30 to $22
4/1/25 Constellation Energy (CEG) opening sale 350 Nov $230 calls at $25
3/31/25 Treasury ETF (TLT) 10,000 April 30th (W) $92 puts selling to open 1.95
3/31/25 Gold Miners ETF (GDX) 2250 August $47 calls buy $3.15 to $3.25 offers
3/31/25 Semi Bull 3X ETF (SOXL) 1500 August $15 calls buy $3.50 to $3.55
3/31/25 Consumer Discretionary ETF (XLY) 1000 Jan $165 puts sell to open $6.28
3/31/25 Walmart (WMT) with 8000 Jan 2027 $85 calls bought $11.9M
3/31/25 Tesla (TSLA) size opening sale 1000 Oct. $250 puts $43.76
3/31/25 Cava Group (CAVA) 9000 May 9th (W) $65 puts sell to open $0.73
3/31/25 JD.com (JD) opening sales of 1150 Jan $42.50 puts for $7.40
3/31/25 Las Vegas Sands (LVS) buyer 1000 Sept $40 calls $3.45, recent insider buy
3/31/25 Expand Energy (EXE) 2200 June $120/$135 call spreads buying at $2.13 as the $110/$125 spreads adjust
3/31/25 Bloom Energy (BE) with 2500 April $21.50 ITM puts sold to open $2.45 to $2.20
3/31/25 JP Morgan (JPM) opening sales of 500 Dec 2027 $220 puts at $26.15
3/31/25 Boston Scientific (BSX) 1666 June 87.5 puts sell to open 1.46
3/31/25 Natera (NTRA) buyer of 1550 May $160/$185 call spreads at $4.50, adjusting April spreads
3/31/25 Camtek (CAMT) opening sale of 1150 August $55 puts at $7.20 to $7
3/31/25 Atlassian (TEAM) buyer of 600 June $230 calls at $15
3/31/25 Broadcom (AVGO) 1000 April 25th (W) $155 calls sell to open 13.30 bids
3/31/25 Amazon (AMZN) 1000 May $190 calls bought 9.20 offer
3/31/25 Amazon (AMZN) massive 12,000 June $180 calls bought $19.30
3/31/25 Salesforce (CRM) 2200 Jan 2027 $290 calls bought for over $10M
3/31/25 Salesforce (CRM) buyer 300 Sept $260 calls $31.30
3/31/25 Dell (DELL) opening seller of 400 Nov $85 puts at $10.70 bids
3/31/25 Cloudflare (NET) buyer 2000 May $130 calls $4.42, adjusts $145 calls
3/31/25 Keysight Technologies (KEYS) 1000 September $145 puts sell to open for $10.30
3/31/25 AST SpaceMobile (ASTS) buyer 1000 May 2nd (W) $23 calls $2.75