Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 14:00 Stock Review – Others/General Ideas/Commentary: HWM, RTX, ATRO, RKLB, SPOT, SFM, NGVC, META, UBER, NVDA, TSLA, HALO, PLTR
4) 18:25 Conclusion/Summary

Market Summary:
Over the past 6 weeks or so, I’ve been emphasizing “defense, defense, defense.” Why? Because the major indexes are below their 200-day moving averages, and the price action of growth 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.

While today was obviously a strong day, it was NOT a follow through day. More importantly, I went through all my screens and there are no growth stock setting up. Again, my instincts tell me that we will not see a SUSATINED uptrend until the second half of this year, but I will of course be open-minded. From here, we would need to see a tighter range with lower volatility, but with the major indexes still below their respective 200-day moving averages, higher volatility is likely to remain over the near-term. Again, please be patient and remain defensive until market conditions improve. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
4/9/25 Russell 2000 ETF (IWM) large buyer of 5000 June 2026 $200 calls at $12.18
4/9/25 Bitcoin ETF (IBIT) sees 4000 Sept $40/$54 call spreads buy at $5.44
4/9/25 China Internet (KWEB) buyer of 1200 July $25 ITM calls at $5.80
4/9/25 Ultra S&P ETF (UPRO) active with buyers of 1150 Jan 2027 $55 calls at $15.30
4/9/25 Junior Gold Miners ETF (GDXJ) opening seller of 5000 June $49 puts at $2.27
4/9/25 Wynn Resorts (WYNN) buyer 22,500 Sept $65 calls at $12.20 as the 30k June $80 calls adjust
4/9/25 Uber (UBER) sees 3600 July $65 puts sold to open $4.65
4/9/25 Uber (UBER) also 3250 August $82.5 calls bought $3.80
4/9/25 JP Morgan (JPM) buyer 3225 Jan 2027 $220 calls for over $11M
4/9/25 JP Morgan (JPM) also 1650 July $160 puts sold to open $4.75
4/9/25 Goldman Sachs (GS) 800 July $340 puts selling to open 13.60 to 13
4/9/25 Bank America (BAC) 4250 Sept $22 puts sell to open $0.82
4/9/25 Wells Fargo (WFC) 4400 June $47.5 puts sell to open 1.82
4/9/25 Novo Nordisk (NVO) 1100 Jan $57.5 calls bought $1.4M as $65 calls adjust
4/9/25 Medtronic (MDT) 500 Jan 2027 $65 puts sold to open 5.20
4/9/25 GE Health (GEHC) 700 June $60 calls bought $5.80 offer
4/9/25 Nvidia (NVDA) buyer 1000 May 23rd $99 calls at $9.50
4/9/25 Apple (AAPL) large opening sale 10,000 June $150 puts $6.35
4/9/25 Meta (META) buyer 1000 Jan 2027 $630 calls at $78 on average
4/9/25 Marvell Tech (MRVL) opening seller 700 Oct $50 puts 9.65
4/9/25 Marvell Tech (MRVL) 1600 April 42 puts sell to open 0.90
4/9/25 CoreWeave (CRWV) buyer 500 Jan $47.50 calls $12.40
4/9/25 Taiwan Semi (TSM) buyer 1075 May 2nd (W) $150 calls buy $6.35
4/9/25 Taiwan Semi (TSM) 4900 Dec $155 puts sell to open at $18.95
4/9/25 Taiwan Semi (TSM) 1500 July $95 puts sell to open $3.25
4/9/25 Celestica (CLS) 1000 June $65 puts sell to open $4.70
4/9/25 Vertiv (VRT) 10,910 Sept $60 short puts open $7.31 adjusting May $70
4/8/25 Energy ETF (XLE) buyer 2500 May $83 calls $2.58
4/8/25 Mexico ETF (EWW) buyer 2990 May $50 calls 2.30
4/8/25 Bitcoin ETF (IBIT) 1600 Dec 2027 $40 calls bought $20.55 to $20.85
4/8/25 Healthcare ETF (XLV) buyer 3000 Jan $150 calls $4.70
4/8/25 Biotech ETF (XBI) buyer 5000 June $70/$76 call spreads
4/8/25 Tesla (TSLA) massive opening put sale of 1500 Mar $210 puts sold for $38.66, collecting $5.8M
4/8/25 XPeng ADR (XPEV) 23,000 July $14 puts sell to open 1.19
4/8/25 Domino’s Pizza (DPZ) large opening seller of 2100 May 23rd $375 puts at $6.50
4/8/25 Deckers Outdoors (DECK) opening sale of 1400 Sept $70 puts at $3.80
4/8/25 Netflix (NFLX) 1160 May $905 calls bought $66 as April $995 adjust
4/8/25 Exxon (XOM) large buy of 4425 May $100 ITM calls at 47.16 as April $105 adjust
4/8/25 Citigroup (C) buyer of 850 June 2027 $72.50 calls at $8.70
4/8/25 Coinbase (COIN) buyer 800 May $170 calls 14.75 offer
4/8/25 Eli Lilly (LLY) 950 May $580 puts sell to open $7 to $6.80
4/8/25 Rhythm Pharma (RYTM) with 1000 July $50 puts sold to open $3.10
4/8/25 Quanta Services (PWR) buyer 600 June $270 calls at $17.65 as April $250 adjust
4/8/25 Nvidia (NVDA) seeing long term bulls buying 4400 Jan 2027 $105 calls at $29.50, over $13M
4/8/25 Apple (AAPL) opening sales of 4000 April 25th $200 ITM puts at $16 to $14.80
4/8/25 Apple (AAPL) also 1000 Oct $185 puts sold $16.75
4/8/25 Amazon (AMZN) 5000 Aug $115 puts sell to open 2.86
4/8/25 Applied Materials (AMAT) massive buyer of 3300 Jan 2027 $135 calls at $35.90
4/8/25 Applied Materials (AMAT) also 400 Oct $140 puts sell to open $17
4/8/25 Micron (MU) opening sale of 5150 May $65 puts at $5.41
4/8/25 Taiwan Semi (TSM) size opening sale 2500 Oct $140 puts 12.66
4/8/25 Taiwan Semi (TSM) also 2000 March 2026 $120 puts sell to open $9.60
4/8/25 Meta (META) large buyers of 1150 July $550 calls at $47.65 to $48.95
4/8/25 Alibaba (BABA) 1875 June $92.5 puts sell to open 4.95
4/8/25 Palo Alto (PANW) 500 October $140 puts sell to open $10.70
4/8/25 Palantir (PLTR) 5500 May 2nd (W) $64 puts sell to open near 1.21
4/8/25 Unity Software (U) buyer 10,000 Sept $25 calls at $1.60
4/7/25 S&P 500 ETF (SPY) large lots buying over 8000 June 2026 $550 calls for $29 to $31, over $25M
4/7/25 S&P 500 ETF (SPY) 5000 Sept $415 puts sell to open $12.75
4/7/25 S&P 500 ETF (SPY) block of 10,000 Jan $550 calls sell to open $23.30
4/7/25 Nasdaq 100 ETF (QQQ) buyer of 1000 Sept $410 calls at $44 to $47.68
4/7/25 Nasdaq 100 ETF (QQQ) sweep buy of 1500 July $450 calls $24.23 offer
4/7/25 Bitcoin ETF (IBIT) buyer 1500 August $47 calls $4.90 to $5
4/7/25 Bitcoin ETF (IBIT) also 2000 Sept $47 calls bought $6 to $6.60
4/7/25 Healthcare ETF (XLV) 2500 June $126 puts sell to open $3.50
4/7/25 China ETF (FXI) 10,000 June $27 puts sold 1.05 to open
4/7/25 Energy ETF (XLE) buyer 1500 August $85 calls $3.15
4/7/25 Home Depot (HD) large opening sale of 10,000 June $325 puts at $12.55 to $14.95 as April $350 adjust
4/7/25 Wynn Resorts (WYNN) buyer of 500 Jan 2027 $70 calls at $15.80, also buys the $100 calls $6.80
4/7/25 Uber (UBER) 4000 September $75 calls bought $4.66 to $5.20
4/7/25 Airbnb (ABNB) size opening sale 1500 Sept $110 ITM puts for $15.76
4/7/25 EQT (EQT) buyer 1000 May $50 calls at $3.25
4/7/25 Robinhood Markets (HOOD) around 2000 March 2026 $30 calls bought for $2M
4/7/25 Rocket Lab (RKLB) with 7000 June $18 calls buying $2.70
4/7/25 Teck Resources (TECK) 1000 May $33 puts sold to open $3.40 to $3.30
4/7/25 Broadcom (AVGO) buyers of 700 Oct $150 calls at $23 to $30
4/7/25 Datadog (DDOG) 690 Jan $97.50 ITM puts sell to open $24.40
4/7/25 Meta (META) buyer 1000 Jan 2027 $630 calls for $6.9M
4/7/25 Unity Software (U) large block buys 10,000 June $25 calls at $0.73 offer
4/7/25 Rubrik (RBRK) trade buying 1000 Oct $55 calls and selling 1000 July $65 calls
4/7/25 Vertiv (VRT) sees 1400 July $80 ITM puts sell to open $22.65
4/7/25 Palantir (PLTR) with 1000 Nov $85 ITM puts sell to open $23.60
4/7/25 Palantir (PLTR) with 1200 June 2026 $45 puts sold to open $6.75
4/7/25 Digital Realty (DLR) 800 May $135 puts sell to open 7.60