Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:15 FOCUS LIST: NFLX, SPOT, PLTR, UBER, GEV, EQT, TEM, RKLB, BROS
4) 15:15 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), HWM, KTOS, DRS, GE, ASTS, LUNR, ACHR, ATRO
5) 18:30 Stock Review – Software/Semis: RBRK, CRWD, CYBR, SAP, CRWV, NBIS, NVDA, AVGO, TSM, TTMI
6) 23:00 Stock Review – Energy/Data Center related: GEV, EQT, VST, CEG, NRG, VRT, OKLO, NNE, SMR, LTBR
7) 27:20 Stock Review – Quantum Computing (very speculative): QTUM (ETF), IONQ, ARQQ, QBTS, QUBT, RGTI
8) 28:55 Stock Review – Others/General Ideas/Commentary: TSLA, BSX, MRUS, GRAL, ONON, SFM, DASH, BKNG, AXON, HOOD, CHWY, RBLX, SHAK, CVNA, ODD, IBIT
9) 39:05 Stocks Near Buyable Ranges: RKLB, SPOT, EQT, VST, SFM
10) 47:05 Conclusion/Summary

Market Summary:
Coming into last week, I mentioned to expect a pullback because: 1) The Nasdaq Composite was very extended from its 21-day EMA and 2) The week after regular cycle options expiration tends to see some profit taking. Overall, even though the market dropped last week, I thought the price action was healthy because it was a normal pullback on lighter volume. Yes, we did see a distribution day last Wednesday, May 21, but one day of distribution in the past few weeks is not a concern. Some profit taking is allowed along the way. From here, I am expecting a range and more consolidation, but as I mention in this video, the price action in many of the leading growth stocks continues to be strong and that is what is keeping me positive on the markets. I review many of these stocks in this video.

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. 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. Thank you and enjoy the remainder of your long weekend.

Unusual Options Activity:
5/23/25 Nasdaq 100 ETF (QQQ) buyer of 5000 Dec $540 calls for $25.61, over $12M
5/23/25 Bitcoin ETF (IBIT) buyers of 1200 July $63 calls at $4.87
5/23/25 Bitcoin ETF (IBIT) buyer of 1000 July 31st $63 calls at $5.55
5/23/25 Bitcoin ETF (IBIT) also large buyers of 4400 Sept $55/$80 call spreads at $8.95
5/23/25 China Bull 3x ETF (YINN) buyer of 3700 Jan $46/$49 call spreads at $0.78
5/23/25 Tesla (TSLA) 2250 July $325 puts sold 26.23 to $26
5/23/25 Tesla (TSLA) buyers of over 15,000 July $440 calls at $8.55 to 9.00 offers
5/23/25 Deckers Outdoor (DECK) 500 Sept $95 puts sold to open $9.10 into earnings weakness
5/23/25 Pepsi (PEP) 2500 August $115 puts sell to open 1.92
5/23/25 Uber (UBER) large opening seller of 1050 Jan 2027 $80 puts at $11.70
5/23/25 Uber (UBER) also a separate buyer of 1050 Nov $135 far OTM calls at $1.02
5/23/25 Roblox (RBLX) sees buyer of 600 June 2026 $120 calls at $7.25
5/23/25 Floor and Decor (FND) 6000 July $60 puts sold to open 1.05
5/23/25 TJX Cos (TJX) buyer 550 Oct $130 calls $5.80
5/23/25 EQT (EQT) opening sales of 10,000 June 13th $49 puts at $0.31
5/23/25 Chevron (CVX) with 6500 August $150 calls buying up to $2.10
5/23/25 Zillow (Z) after size call buy yesterday seeing 17,000 May 23rd (W) $67 calls bought
5/23/25 Robinhood (HOOD) buyer 1000 June 2026 $80 calls at $13.38
5/23/25 Goldman Sachs (GS) 300 August $525 puts sold to open $12.50
5/23/25 J&J (JNJ) buyer of 1000 July $150 calls at $6.65 offer
5/23/25 Workday (WDAY) large opening sales of 1750 July $240 puts at $10.60 to $10.40
5/23/25 Workday (WDAY) also 1000 Dec $210 puts sell for $11.50 bids
5/23/25 Amazon (AMZN) buyers of 2275 August $205 calls
5/23/25 Apple (AAPL) 2500 June 2026 $200 calls buying for $6.8M
5/23/25 Pure Storage (PSTG) large buy 1000 Jan $50 calls $12.79 to $12.84
5/23/25 Nebius Group (NBIS) 500 Jan $33 puts sold to open 7.20
5/23/25 Nebius Group (NBIS) also 1000 Nov $50 calls buying 5.10 to 5.20
5/23/25 Nutanix (NTNX) sees 1000 July $87.50 calls at $3 as the Jan 2027 $105 calls adjust
5/23/25 Palantir (PLTR) sees late day buyers of 1500 June 27th $140 calls at $3.90 to $3.95
5/23/25 CoreWeave (CRWV) late day buyers of 1300 June 13th $120 calls at $7
5/23/25 Informatica (INFA) June $20 calls buying 8500x at $0.55 to $0.70
5/23/25 Informatica (INFA) also the $22.50 calls bought 2500x up to $0.55
5/23/25 Nano Nuclear (NNE) buyer of 1000 June $32.50 calls at $3
5/23/25 Oklo (OKLO) buyer of 500 Sept $65 calls for $5.55
5/23/25 Oklo (OKLO) also 750 Nov $46 calls bought $13.35
5/23/25 Vertiv (VRT) 1900 Sept 77.50 puts sold to open $3.95
5/23/25 Vistra (VST) buyer of 1500 August $180 calls for $10.10 in large lots
5/23/25 Vistra (VST) also buyers of 3000 June $175 calls at $3.70 to $3.85 offers
5/22/25 Nasdaq 100 ETF (QQQ) buyer 7000 June 13th (W) $525/$540 call spreads
5/22/25 Bitcoin ETF (IBIT) 25,000 June $67/$75 call spreads bought at $1.43, adjusting May 30th spreads
5/22/25 Bitcoin ETF (IBIT) some buys of 1800 July $66 calls at $4.15 offer
5/22/25 Bitcoin ETF (IBIT) also large blocks buying 2000 Dec $90 calls at $4.25.
5/22/25 Consumer Discretionary ETF (XLY) opening sales of 1350 July $205 puts at $4.70, top holdings TSLA, AMZN
5/22/25 Tesla (TSLA) 2000 August $500 calls bought
5/22/25 Target (TGT) large buy 650 Dec 2026 $100 calls for $15.10
5/22/25 Oddity Tech (ODD) sees 580 Oct $70 calls buy $9.40 to $9.70
5/22/25 Wynn Resorts (WYNN) massive position buys 36,000 Sept $80 calls $14.37 as the $65 calls adjust
5/22/25 Roblox (RBLX) buyers of 900 Nov $115 calls at $3.35 offers
5/22/25 Robinhood (HOOD) near-term buyer 1000 June $68 calls $3.80
5/22/25 Robinhood (HOOD) also buyer of 1500 Dec 2027 $90 calls $20.80
5/22/25 Zillow (Z) size buy 5000 Jan $75 calls $5.69
5/22/25 Coinbase (COIN) August $340/$440 bull call spreads trading 1000X
5/22/25 Summit Therapeutics (SMMT) 800 Sept $23 puts sell to open $3.94 to $3.91
5/22/25 Archer Aviation (ACHR) unusual buy 2000 Jan 2027 $22 OTM calls for $2 to $2.10
5/22/25 Archer Aviation (ACHR) also 2000 Oct $12 calls bought 1.66 offer
5/22/25 Rocket Lab (RKLB) offer sweep buyers 6000 July $35 calls
5/22/25 Cameco (CCJ) large opening sale of 13,635 June $46 puts at $0.34 bids
5/22/25 Arm Holdings (ARM) more June 2027 $130 calls buying at $46.70 offer, over 2100x adding to OI
5/22/25 D-Wave Quantum (QBTS) buyers of 7000 July $20 calls at $2.45 to $3.25
5/22/25 D-Wave Quantum (QBTS) also 8000 June $30 calls buying at $0.90 to $0.95
5/22/25 IonQ (IONQ) buyer 2000 Dec $60 calls at $6.35
5/22/25 Microsoft (MSFT) large buy 10,000 Dec $500 calls $20.10, similar to the GOOGL trade yesterday
5/22/25 Google (GOOG) buyers of 3920 June 27th (W) $175 calls, $3M
5/22/25 Google (GOOGL) sees a massive buyer of 10,000 Jan $225 calls at $4.80 offers, near $5M
5/22/25 CoreWeave (CRWV) buyers of 425 August $150 calls at $13.50 to $14.20 offers
5/22/25 CoreWeave (CRWV) opening sales of 1100 July $70 puts at $4.70
5/22/25 Nvidia (NVDA) large adjustment rolls 57,000 July $110 calls up to buy the $130 calls at $12.10
5/22/25 Zscaler (ZS) large sale to open 300 Jan $240 puts $25.40
5/22/25 Nebius Group (NBIS) unusual buy 600 Nov $50 calls $5.60
5/22/25 Nebius Group (NBIS) 1600 July $47 calls bought 2.51
5/22/25 Apple (AAPL) 475 Sept 2026 $175 puts sell to open 13.75 to 13.70
5/22/25 Rigetti Computing (RGTI) buyers of 6000 Sept $16 calls at $2.64 offers
5/22/25 Oklo (OKLO) buyers of 1600 July $50 calls at $3.15 to $3.35
5/22/25 Nano Nuclear (NNE) seeing unusual 2500 far OTM Jan $55 calls buy aggressive $1.25 offers