Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 10:05 RELATIVE STRENGTH LIST: NFLX, SPOT, PLTR, SFM, UBER, CRWD
4) 12:30 Stock Review – Aerospace/Defense: SHLD (ETF), HWM, KTOS, MRCY, DRS, GE, ASTS, RKLB
5) 15:35 Stock Review – Biotech/Medical: PEN, BSX, GRAL, GH, VRTX
6) 17:55 Stock Review – Others/General Ideas/Commentary: RBRK, NGVC, TEM, BYDDF, GEO, GEV, VST, CEG, NRG, EQT, DASH, BKNG, V, MA, RACE, CRWV, SEZL, DAVE, LNTH, AXON, HOOD, CHWY, RBLX, BROS, NEM, MSTR, IBIT
7) 28:00 Conclusion/Summary
Market Summary:
We had a follow through day (FTD) on Tuesday, April 22, and a second FTD on Wednesday, April 23. In addition, we had various breadth thrusts (including a Zweig Breath Thrust) which I reviewed in the 4/26/25 Weekend Video. The price action in growth stocks continues to improve, as many of the relative strength names highlighted in recent videos continue to act well. The major indexes are back above their 50-day moving averages but still below their 200-day moving averages. Bottom line, the overall health of the market continues to slowly improve.
CONCLUSION: For me, I am approximately 70% invested. I’m still not sure if this is a short covering rally back to the 200-day that will eventually fail, or if this is the start of a new powertrend. By staying 70%, if the market moves higher, I will hopefully participate, and if we see more downside, I will hopefully be able to contain the volatility with the 30% cash position. This upcoming week could see more strength as the week of regular cycle Options Expiration (OpEx) tends to trend to the upside. In addition, there are headlines over the weekend of improved tariff talks between the US and China. As I always remind members, know your timeframe and get those strong entry points. If you have any questions, you can ask them during the next LIVE webinar, which will be this Monday, May 12th at 7PM EST. Thank you and enjoy the rest of your weekend. Also, Happy Mother’s Day to all the amazing Moms out there!
Unusual Options Activity:
5/9/25 Nasdaq 100 ETF (QQQ) block of 5000 June 13th $500 calls sell to open $10.21
5/9/25 Nasdaq 100 ETF (QQQ) also a block of 1400 March 31st $500 calls sell to open at $45.66
5/9/25 China ETF (FXI) large block sells to open 45,000 Sept $32 puts at $1.10
5/9/25 China ETF (FXI) also 10,000 August $34 puts sell to open $1.60, adjusting the $30 short puts
5/9/25 Healthcare ETF (XLV) buyer of 2500 June $135 calls at $3.25 to $3.70
5/9/25 Regional Banks ETF (KRE) 6000 June $53 puts sold to open
5/9/25 Uranium ETF (URA) buyers of 2000 October $30 calls at $1.75 offer sweeps
5/9/25 Software ETF (IGV) 1100 June 106 puts sold to open 7.40
5/9/25 Biotech ETF (XBI) opening sale 1000 March $65 puts 3.55
5/9/25 Hims & Hers Health (HIMS) with 2250 Jan 2027 $30 puts sell to open $8.10 bids
5/9/25 Estee Lauder (EL) buyer 400 Oct $55 ITM calls 11.80
5/9/25 Polaris (PII) 1220 Jan $40 calls buy aggressive at $5.30 offer sweeps
5/9/25 Polaris (PII) also 575 Jan $45 calls buying now $4.10 offers
5/9/25 Tesla (TSLA) with 1000 June 27th $350 calls bought at $12.85
5/9/25 XPeng ADR (XPEV) seeing tons of put sales today, June 6th (W) $17.50, $17 and $16.5 strikes
5/9/25 Walmart (WMT) 5000 July $85 puts selling to open
5/9/25 Netflix (NFLX) stock replacement sells to open 300 Jan $1160 ITM puts for $135.75
5/9/25 Wynn Resorts (WYNN) 1500 Sept $75 puts sold to open $2.91
5/9/25 DoorDash (DASH) buyer 33,000 Sept $165 calls adjusts June $180 calls, $100M position
5/9/25 Live Nation (LYV) 1775 Sept $140 calls bought for $2M adjusting June $125 calls
5/9/25 Marathon Petro (MPC) 500 Dec $159 calls sell to open $17.10
5/9/25 Williams Cos (WMB) buyer 2000 August $60 calls $2.46
5/9/25 Valero (VLO) buyer 750 Sept $135 calls $5
5/9/25 Citigroup (C) 2000 March 2026 $72.5 puts sell to open $7.55 to $7.50
5/9/25 MicroStrategy (MSTR) 7000 June $420 calls bought $45 as some May $330 adjust
5/9/25 MicroStrategy (MSTR) buyer 5000 May $435/$480 call spreads
5/9/25 SoFi Technologies (SOFI) 4500 October $12 calls bought $2.60 to $2.65
5/9/25 Bristol Myers (BMY) opening sales of 2000 Sept $45 puts at $2.81
5/9/25 Vertex Pharma (VRTX) 800 June $420 puts sold to open at $10
5/9/25 AstraZeneca (AZN) 3000 June $67.5 puts sell to open $2.38
5/9/25 ACADIA Pharma (ACAD) buyer of 1000 Dec $20 calls at $2.65
5/9/25 ACADIA Pharma (ACAD) also 1000 Dec $25 calls bought at $1.35 sweeps
5/9/25 Tempus AI (TEM) with 4500 January $30 puts selling to open $2.25
5/9/25 GE Vernova (GEV) 1830 June 27th (W) $320 puts sell to open $4.50
5/9/25 Dell (DELL) 550 Nov $95 puts sell to open $11.85
5/9/25 Meta (META) buyer 3000 Dec $670/$750 call spreads at $20.84
5/9/25 Meta (META) also 1000 Dec $420 puts sold to open $11.12 as part of the Dec call spread trade
5/9/25 CyberArk Software (CYBR) buyer 500 June $390 calls with 350 of the $420 sold
5/9/25 Nebius Group (NBIS) buyers of 1900 June 27th $27 calls at $3.80 to $3.90, reports 5/20
5/9/25 Arista Networks (ANET) opening sales of 5500 June $72.50 puts at $0.90 to $0.85
5/9/25 Google (GOOG) 5000 June 6th (W) $150 puts sold to open $3.05
5/9/25 Google (GOOG) also sees 10,000 June 20th $150 puts sell to open $4.10
5/9/25 Applied Materials (AMAT) 850 August $160 calls sold to open 12.10
5/9/25 Atlassian (TEAM) 750 July $190 puts sell to open $8.07
5/8/25 Bitcoin ETF (IBIT) 4000 August $52 ITM calls buying at $8.69 as the May $52 calls adjust
5/8/25 Bitcoin ETF (IBIT) also 3000 May 23rd $56.50 puts sold to open $1.85 to $1.80
5/8/25 Biotech ETF (IBB) buyer 1425 Jan $140 calls $3.80
5/8/25 Financials ETF (XLF) 7500 Sep 30th (Q) $50 puts sold to open $2.20
5/8/25 Tesla (TSLA) buyers of 1500 June 2026 $730 calls at $12.60 to $12.85
5/8/25 Tesla (TSLA) also 3300 July $440 calls bought up to $3.25 offer sweeps
5/8/25 Walmart (WMT) opening sale 2400 Dec $80 puts $2.37
5/8/25 Hims & Hers Health (HIMS) 2000 May 30th $52 puts sell to open $5.14
5/8/25 Hims & Hers Health (HIMS) also 1000 June $49 puts sold to open 5.85
5/8/25 Dutch Brothers (BROS) sees 1400 June $70 calls buying at $1.50 offers
5/8/25 Shopify (SHOP) buyer 5000 May 23rd (W) $91 calls $4.10
5/8/25 Disney (DIS) opening sale of 1050 March $120 calls at $6.45 to $6.50
5/8/25 Schlumberger (SLB) 1300 Sept 2026 $32.50 puts sold to open $4.01
5/8/25 Marathon Petro (MPC) 500 Dec $155 calls sell to open $12.90
5/8/25 Philips 66 (PSX) 1940 August $110 short puts opening as May $115 adjust
5/8/25 MicroStrategy (MSTR) 1000 Dec $370 puts sell to open $80.70
5/8/25 MicroStrategy (MSTR) also with 1000 Dec $390 puts sold to open
5/8/25 Robinhood Markets (HOOD) 4000 March $55 calls bought at $13.20 as the $30 ITM calls adjust
5/8/25 Robinhood Markets (HOOD) 2000 May 30th (W) $55 puts sell to open $4.13
5/8/25 Bristol Myers (BMY) 1150 March $40 puts sold 2.54 to 2.49 to open
5/8/25 Intuitive Surgical (ISRG) buyer 200 June 2026 $650 calls $43.60
5/8/25 Intuitive Machines (LUNR) buyers of 2800 Jan 2027 $22 calls at $2.20 to $2.30, reports 5/13
5/8/25 Planet Labs (PL) 2500 Oct $4 puts sell to open $0.96
5/8/25 BlackSky Technology (BKSY) sees 1000 August $10 puts sell to open 1.45 to 1.25
5/8/25 Nvidia (NVDA) buyers in May 30th (W) $110 calls for 10,000X trading $11.5M premium
5/8/25 Nvidia (NVDA) 3000 Sept 2026 $130 calls bought at $22.70 to $23.30, adjusting the Jan $115 calls
5/8/25 Taiwan Semi (TSM) buyer 52,000 August $200 calls $5.45 as May $200 adjust
5/8/25 Taiwan Semi (TSM) also 550 Jan 2027 $130 puts sold to open $12.42
5/8/25 Advanced Micro (AMD) opening sale 450 Sept 2026 $105 puts for $19.75
5/8/25 Apple (AAPL) 10,000 June 27th (W) $205 calls sold to open 5.85 to 5.50
5/8/25 Microsoft (MSFT) massive opening seller of 10,000 Dec $480 calls at $21.10
5/8/25 Arm Holdings (ARM) large opening sellers of 3500 Sept $100 puts at $7.35 bids
5/8/25 Palantir (PLTR) buyer 27,000 July $115 calls adjusts May $100 calls
5/8/25 Palantir (PLTR) sees 1600 Jan $170 calls bought $12.55
5/8/25 Palantir (PLTR) 4500 OTM July $165 calls bought 2.19 to 2.40
5/8/25 Rigetti Computing (RGTI) 7000 Jan $12 calls bought, $2M position as June $10 adjust
5/8/25 CrowdStrike (CRWD) 650 August $430 calls bought $43.75 offers
5/8/25 Constellation Energy (CEG) 1250 Nov $165 puts selling to open $5.30
5/8/25 Nasdaq 100 ETF (QQQ) 5000 March $640 calls bought at $3.60 and sells 15,000 March $740 calls for $0.64 in call ratio spreads at $1.68 debit