Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 7:35 FOCUS LIST: NFLX, SPOT, PLTR, UBER, GEV, EQT, TEM, RKLB, BROS
4) 12:05 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), HWM, KTOS, DRS, GE, ASTS, LUNR, ACHR
5) 14:20 Stock Review – Software/Semis: RBRK, CRWD, NOW, SAP, CRWV, NBIS, NVDA, AVGO, TSM
6) 16:55 Stock Review – Others/General Ideas/Commentary: BSX, ISRG, ONON, SFM, VST, CEG, VRT, NRG, DASH, BKNG, AXON, HOOD, CHWY, RBLX, MSTR, IBIT
7) 20:15 Conclusion/Summary

Market Summary:
Remember the main guidelines during power trends: 1) Use the 21-day as your guide. In other words, if we are extended from this level, don’t be surprised to see minor pullbacks through price and/or through time. For example, I discussed last weekend how the Moody’s credit downgrade could be an excuse for the market to pull back because we were extended coming into this week. Also, the week after OpEx tends to see some profit taking. 2) Expose yourself to strong stocks and ETFs. Between the Focus List and the other stocks, there are plenty of ideas in these videos. 3) Get strong entry points near the 21-day and 50-day moving averages. 4) Manage your trades as best as possible based on your timeframe, risk tolerance, and overall investment plan. I can give guidelines, but ultimately, you need to decide what position sizes to use, the number of positions to own, when to take profits, and where to set your stop losses.

From here, I am expecting continued consolidation. It would give time for stocks to build handles and provide better entry points. That’s where getting strong entry points can help you sit through some of this pullback, which is normal price action so far. Today was the first distribution day since the late-April follow through days, and I view this as normal profit=taking. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
5/21/25 Russell 2000 ETF (IWM) block of 5000 Sept 2026 $130 puts sold to open 2.41
5/21/25 Regional Banks ETF (KRE) bull spread as 8000 Jan $54 puts sell to buy 8000 of the $60/$74 call spreads
5/21/25 Brazil ETF (EWZ) massive buyer of 6000 Dec 2026 $30 calls at $3.03
5/21/25 Bitcoin ETF (IBIT) buyers of 1000 July $66 calls at $2.92 offers
5/21/25 Bitcoin ETF (IBIT) buyers of 2300 July $55/$65 call spreads buy at $5.43 as June $55 calls adjust
5/21/25 Bitcoin ETF (IBIT) sees 3600 July 31st $57 puts sell to open at $2.94 bids
5/21/25 Bitcoin ETF (IBIT) buyers of 2500 July $70 calls at $2.50
5/21/25 Tapestry (TPR) aggressive buy 1500 May 30th (W) $81 calls 1.95 offer
5/21/25 Monster Beverage (MNST) buyer 2000 June $63 calls 1.55
5/21/25 Carvana (CVNA) opening seller 400 Jan $210 puts at $20
5/21/25 Maplebear (CART) buyer 600 Jan $46 calls $7.84
5/21/25 Chevron (CVX) large opening sale 1237 March 2026 $130 puts for $9.46
5/21/25 EQT (EQT) with 7500 June 27th (W) $60 calls buying $1.02 and higher
5/21/25 EQT (EQT) also 950 July $55 calls bought $3.90 offer
5/21/25 Expand Energy (EXE) 440 Jan $120 puts selling to open 11.80 to 11.75
5/21/25 Visa (V) with 6000 Dec 2026 $520 calls sell to open $5.56
5/21/25 Robinhood Markets (HOOD) 2500 June 6th (W) $66 calls buying $4.15 offer
5/21/25 GE Vernova (GEV) 1415 July $500/$580 call spreads buy at $15.20 as the June $460/530 spreads adjust
5/21/25 GE Vernova (GEV) also seller of 1000 June $420 puts to open $11
5/21/25 Arm Holdings (ARM) more buying in June 2027 $130 calls with 2100 bought at $47.40
5/21/25 Microsoft (MSFT) size buy 5440 June 6th (W) $450 calls $11.50
5/21/25 Apple (AAPL) opening sale of 4000 June 6th $205 puts at $4.75 to $4.60 bids, same expiry as MSFT
5/21/25 Google (GOOG) 5000 July $150 puts sold to open for $2
5/21/25 Google (GOOGL) massive 10,000 Dec $185 calls buy $10.80
5/21/25 CoreWeave (CRWV) 1000 July $120 calls bought 12.75 to 13.20
5/21/25 CoreWeave (CRWV) also 1000 July $125 calls bought $11.35 to $11.65
5/21/25 CoreWeave (CRWV) opening sales of 1000 June $105 puts at $16 bids
5/21/25 Celestica (CLS) sees 1200 June $122 calls buy $6 to $6.20
5/21/25 Palantir (PLTR) buyer of 5200 May 30th (W) $129/$137 call spreads
5/21/25 NRG Energy (NRG) opening sales of 2250 June $140 puts at $1.90 to $1.60
5/20/25 Bitcoin ETF (IBIT) buyers of 5000 July $60/$75 call spreads at $3.60
5/20/25 Bitcoin ETF (IBIT) 9000 June 6th (W) $54 puts selling to open
5/20/25 China Internet ETF (KWEB) large buys of 9500 June 13th $35.50 calls at $0.77 offer
5/20/25 China Internet ETF (KWEB) also buyers of 4000 June $34.50 calls at $1.30 to $1.36 offers
5/20/25 Retail ETF (XRT) 4000 July $83/$70 bull risk reversals open at 0.09 credit
5/20/25 S&P 500 ETF (SPY) 5000 Dec 31st (Q) $500 puts selling on bids $4.5M premium
5/20/25 Semiconductors ETF (SMH) 1500 Dec $215 puts sold to open $11.30
5/20/25 Tesla (TSLA) large sale 1000 Jan $360 puts $71.41
5/20/25 Roblox (RBLX) 800 June 2026 $115 calls bought $7
5/20/25 Polaris (PII) 5000 Sept $50 calls are bought $2.50, follows recent Jan size call buys
5/20/25 Shake Shack (SHAK) buyer 1000 July $125 calls $4.40
5/20/25 DraftKings (DKNG) 3000 Sept $45 calls bought 1.11 to 1.15
5/20/25 Starbucks (SBUX) 500 Jan 2027 $70 puts sold 6.55 to open
5/20/25 Exxon (XOM) large spread opens 3400 March $125/$95 bull risk reversals at $2.05 credit
5/20/25 Robinhood Markets (HOOD) sales of 4000 Nov $65 puts at $11.80, as Jan 2027 $50 short puts adjust
5/20/25 Visa (V) 400 Nov $335 puts selling to open 10.45
5/20/25 Tempus AI (TEM) massive buyers of 11,000 June $90 calls at $1.15 to $1.30 offers
5/20/25 Intuitive Surgical (ISRG) buyer 300 July $560 calls 25.20 to 25.30
5/20/25 CoreWeave (CRWV) opening sales of 1100 June $90 puts at $12.80
5/20/25 CoreWeave (CRWV) also opening seller of 1000 June 13th $100 ITM puts at $15.80 bids
5/20/25 Nvidia (NVDA) large buyers of 4300 June 2027 $135 calls at $39.40 to $39.60 offer sweeps, over $17M
5/20/25 Nvidia (NVDA) block of 2000 June 27th $130 puts sold to open $6.60
5/20/25 Microsoft (MSFT) buyer of 15,000 June $470/$490 call spreads at $3.40 as May 30th spreads adjust
5/20/25 Google (GOOG) seeing 10,000 June $175/$185 call spreads bought
5/20/25 Dell (DELL) 600 Nov $110 puts sold to open $11.88 as Jan $110 adjust
5/20/25 Pure Storage (PSTG) buyers 580 Nov $60 calls $7.20 offer
5/20/25 Taiwan Semi (TSM) large opening sales of 2000 Nov $190 puts at $17.25 bids
5/20/25 Unity Software (U) 2000 Nov $26 calls being bought $2.96
5/20/25 Rigetti Computing (RGTI) opening sales of 2700 Jan $11 puts at $3.35
5/20/25 Rigetti Computing (RGTI) also 7000 Sept $9 puts sell to open $1.33 bids
5/20/25 NextEra Energy (NEE) opening sales of 2400 July $70 puts at $1.64
5/19/25 Nasdaq 100 ETF (QQQ) buyers of 1100 March 2026 $525 calls at $48 to $48.20
5/19/25 Gold ETF (GLD) 1000 June 27th (W) $297 puts sell to open $6.60
5/19/25 Bitcoin ETF (IBIT) seeing opening sales of 1000 July $69 ITM puts at $10.55
5/19/25 Bitcoin ETF (IBIT) 1800 July 31st (W) $64 calls bought $3.88, 1250 July $55 calls bought $7.68
5/19/25 Ethereum ETF (ETHA) Dec $19 calls bought 2500X
5/19/25 Healthcare ETF (XLV) buyer 1000 Dec $140 calls 4.75 to 4.95
5/19/25 Tesla (TSLA) those large 26K July $270 calls adjust and buy 26,410 July $340 calls at $33.70
5/19/25 Walmart (WMT) opening sale 7083 June 27th $90 puts at $0.87
5/19/25 Philip Morris (PM) buyers 2375 May 30th (W) $172.5 calls for $700K
5/19/25 Uber (UBER) opening sales of 1000 Jan $95 ITM puts at $11.80 as Dec $90 short puts adjust
5/19/25 Sea ADR (SE) buyer 2500 August $190/$220 call spreads as June $160 calls adjust
5/19/25 Range Resources (RRC) buyer 3000 Dec $46/$55 call spreads as Sept 40/48 spreads adjust
5/19/25 Visa (V) buyer 115 March $360 calls $42.05 offer
5/19/25 Robinhood Markets (HOOD) block of 2500 Dec 2027 $90 calls sell to open at $19.25
5/19/25 Novo Nordisk (NVO) opening sales of 1800 July $55 puts at $1.33
5/19/25 Tempus AI (TEM) buyer 500 June $61 calls $6.50
5/19/25 Tempus AI (TEM) also 1000 June 6th (W) $65 calls bought 3.30
5/19/25 Biogen (BIIB) buyer of 700 July $135 calls $4.50
5/19/25 Rocket Lab (RKLB) buyer 2300 Dec $34 OTM calls up to $3.40
5/19/25 Bloom Energy (BE) another 5000 August $25 calls buy 1.20 offer after adds last week
5/19/25 Vertiv (VRT) buyer 460 Jan 2026 $100 calls $29.40
5/19/25 Cisco (CSCO) opening sales of 425 Dec $67.50 ITM puts at $6.25
5/19/25 Cisco (CSCO) 3650 August $57.5 puts sold to open $0.95
5/19/25 Google (GOOGL) buyers of 3300 June $167.50 calls at $5.10 offers
5/19/25 Google (GOOG) buyers of 1500 June $167.50 calls at $5.65 offer
5/19/25 Nvidia (NVDA) another $10M buy of June 2027 $135 calls
5/19/25 Arm Holdings (ARM) another $10M buy of June 2027 $130 calls
5/19/25 Advanced Micro (AMD) opening seller 2000 June $113 puts $4.75 bids
5/19/25 Varonis Systems (VRNS) 1500 July $45 puts sold to open 1.25
5/19/25 Salesforce (CRM) buyer 1000 August $320 calls $8.58
5/19/25 CoreWeave (CRWV) buyer 300 June 2026 $100 calls at $22
5/19/25 CoreWeave (CRWV) buyers of 2000 June 13th $100 calls at $7
5/19/25 CoreWeave (CRWV) also buyers of 1100 July $105 calls at $8.70 to $8.75 in large lots
5/19/25 Palantir (PLTR) buyers of 6000 June 6th $123 calls at $7.85 in large lots