Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:40 FOCUS LIST: NVDA, META, NFLX, PLTR, GEV, RKLB, UBER
4) 13:10 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), HWM, KTOS, DRS, GE, AVAV, CW, ASTS, JOBY, ACHR, BKSY, PL, ATRO
5) 16:20 Stock Review – Software: IGV (ETF), NBIS, ORCL, RBRK, CRWD, CYBR, TWLO, SNOW, VEEV, DOMO, APP, NET
6) 18:45 Stock Review – Semiconductors: SMH (ETF), TSM, AVGO, ARM, MU, KLAC, TTMI, CLS, JBL, FN, AMSC, CRDO, COHR, SANM, ALAB, LASR
7) 21:30 Stock Review – Energy/Data Center related: VST, CEG, VRT, NRG, WWD, BE, OKLO, SMR, NNE
8) 22:45 Stock Review – Others/General Ideas/Commentary: SPOT, EQT, BROS, HNGE, COIN, IONQ, ARQQ, SHOO, MKSI, SMG, FIVE, ATI, TOST, SHOP, DASH, HOOD, RBLX, SHAK, IBIT
9) 28:20 Conclusion/Summary

Market Summary:
We’re still in a power trend because the major indexes are above their key moving averages, there’s little distribution, and many growth stocks continue to act well. As I mentioned, I reduced some of my exposure into the strength over the past week or so. Please don’t read too much into this. I’m simply doing it to lock in some gains. Based on the probabilities and the seasonality, I am expecting some form of a pullback/consolidation over the next two months. I can’t stress this enough: What you should do depends on your timeframe, risk tolerance, and your overall plan. In other words, please don’t copy me or anyone else blindly. Make decisions based on WHAT WORKS FOR YOU.

In recent videos, I reviewed many of the positive signs: 1) We are just breaking out of a 6-month range on the S&P 500 and Nasdaq Composite. 2) We just had a 20% correction. 3) There’s almost no distribution on the Nasdaq Composite and only subtle distribution on the S&P 500. 4) Sentiment is neither euphoric nor at extreme bullish levels. 5) Many growth stocks continue to act well. 6) The longer-dated bullish options flow continues to be very strong.

To summarize my views as concisely as I can: Shorter-term, I recently reduced my exposure to lock in some gains and because I am expecting some form of a pullback/consolidation over the near-term. If we keep going higher over the next few weeks, I’m ok with that because I still have exposure. If we do see a pullback, I am not expecting anything major, and I will look to put money to work in some of the best relative strength names. Right now, it looks like some of those will be in the Aerospace/Defense sector, and AI-related stocks, but of course I will keep screening to find some of the strongest names. Longer-term, I am still bullish and think we’re in a secular bull market powered by AI. Again, please know your timeframe and keep in mind that actively managing a stock portfolio is not easy.

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 rest of your weekend.

Unusual Options Activity:
7/30/25 S&P 500 (SPY) midday buyers of 2000 Aug 22nd $632 ITM calls at $12.25 to $12.50
7/30/25 Nasdaq 100 ETF (QQQ) large midday buyer of 5250 Jan $625 calls at $9.45 offers
7/30/25 China ETF (ASHR) buyers 3500 Jan 2027 $30 calls for $1.1M
7/30/25 China ETF (FXI) large buyers of 25,000 Oct $40 calls at $1.11 offer
7/30/25 Gold ETF (GLD) opening sales of 3100 January $335 calls at $5.40 bids
7/30/25 Bitcoin ETF (IBIT) with 2000 Aug 29th $67 puts sell to open $2.55 as weekly $67 short puts roll
7/30/25 Peloton (PTON) sees 8000 Sept $8 calls buy at $0.75 as the Aug $7 calls adjust
7/30/25 Hims and Hers Health (HIMS) opening seller 1000 August $67 ITM puts for $7.60
7/30/25 Hims and Hers Health (HIMS) also 1500 Aug 66 puts sell to open 7.15 to 6.90
7/30/25 Ford (F) 3000 Dec 2027 $10 puts sold to open 1.72
7/30/25 Target (TGT) opening sale 250 Sept 2026 $95 puts for 11.20
7/30/25 Lululemon (LULU) 300 Sept 2026 $195 puts sold 26.60 to open
7/30/25 Roblox (RBLX) 800 Jan $150 calls bought 10.65 to 10.90
7/30/25 Uber (UBER) opening seller 300 Dec 2027 $82.50 puts $14.40
7/30/25 Starbucks (SBUX) buyer of 500 Sept 2026 $70 deep ITM calls at $26.82
7/30/25 Coinbase (COIN) size buyer of 4000 August $380 calls $20.60 to $22
7/30/25 Coinbase Long 2x ETF (CONL) opening sales of 1000 Sept $54 puts at $10.10
7/30/25 Circle (CRCL) 200 June $160 puts sold to open for $36
7/30/25 Circle (CRCL) also 300 March $170 puts sold to open $37.35
7/30/25 Eli Lilly (LLY) buyer of 1500 Aug 22nd $850/$900 call spreads for $7.35, reports 8/7
7/30/25 Vertex Pharma (VRTX) buyer 250 Jan. 2027 $550 calls for 51.50
7/30/25 Vertiv (VRT) buyer 1000 June $145 ITM calls at $32.50 to $35.75
7/30/25 Vertiv (VRT) roll of 2600 August 150 calls to 155 strike
7/30/25 Vertiv (VRT) buyer 2000 Sept $170 calls $3.50
7/30/25 Rocket Lab (RKLB) 2000 August $46 puts selling to open $4.25 to $4.20
7/30/25 FTAI Aviation (FTAI) sees 850 Sept $135 calls bought $13 to $13.60
7/30/25 Bloom Energy (BE) 2500 OTM Aug $41 calls buy 1.30
7/30/25 Howmet Aerospace (HWM) 1000 August $192.50 calls bought 7.70 to 7.80 into earnings
7/30/25 GE Vernova (GEV) with 2300 Sept $740 calls sell to open $12.30 bids
7/30/25 Nvidia (NVDA) 29,500 Aug 8th (W) $192.5 calls bought 0.28 and higher
7/30/25 Palo Alto (PANW) buyer of 250 Sept 2026 $195/$270 call spreads at $18.61
7/30/25 Google (GOOG) seeing 10,000 March $200 puts sell to open $17.25 and lower
7/30/25 Amazon (AMZN) spread sold 1000 Nov $210 puts to buy 1000 of the $235/$260 call spreads
7/30/25 Meta (META) buyer 325 Oct $685 calls ITM $53.50 into earnings
7/30/25 Microsoft (MSFT) buyer 500 Sept 5th (W) $515 calls for $15 into earnings
7/30/25 Microsoft (MSFT) 5000 Dec $550/$565 call spreads bought
7/30/25 Advanced Micro (AMD) 500 March $175 puts sell to open 22.90 to 22.80
7/30/25 Advanced Micro (AMD) 1400 Sept 2026 $155 calls being bought
7/30/25 Credo Tech Group (CRDO) 2200 August $120 calls bought $1.2M as some $110 adjust higher
7/30/25 Arista Networks (ANET) buyer 8000 Nov $140 calls $6.80 as 5600 Nov. 125 adjust
7/30/25 Arista Networks (ANET) also late day buyers of 1800 Aug 8th $130 calls at $3.10 sweeps
7/30/25 Broadcom (AVGO) buyer 5000 ITM Oct $240 calls $66.15
7/30/25 Broadcom (AVGO) also with 900 March $340/$280 bull risk reversals opening for small credit
7/30/25 Marvell Tech (MRVL) buyer of 1000 June $82.50 calls at $18
7/30/25 Marvell Tech (MRVL) also 2400 Aug $84 calls buying $4.05 offer
7/30/25 D-Wave Quantum (QBTS) buyer 1050 Jan $19 calls $4.50 offer
7/30/25 Nebius Group (NBIS) 1600 Oct 70 OTM calls buy 2.42
7/30/25 Reddit (RDDT) trade sells 1100 August $120 puts 2.28 to buy $152.5/$175 call spreads
7/30/25 Astera Labs (ALAB) buyer of 2300 Jan 2027 $100 ITM calls at $57 to $57.75 as Jan 2026 calls adjust
7/30/25 Oklo (OKLO) 1800 Sept $100 calls buy $4.60 to $4.70
7/30/25 Oklo (OKLO) Sept 80 calls also with buyers 3400X
7/30/25 GDS Holdings ADR (GDS) buyer 1000 Sept $40 calls 2.90 as Aug $36 adjust
7/30/25 T-Mobile (TMUS) opening sale 750 Sept 2026 $260 puts $31.55
7/29/25 S&P 500 ETF (SPY) opening seller of 1500 Sept 2026 $590 puts at $23.22
7/29/25 S&P 500 ETF (SPY) with 7000 Nov $565/$560 bull put spreads sell for $0.39
7/29/25 Emerging Markets ETF (EEM) buyer of 20,000 Oct $52/$54 call spreads at $0.31
7/29/25 Gold ETF (GLD) opening sales of 2900 Oct $325 calls at $3.40
7/29/25 Ethereum ETF (ETHA) opening sales of 2400 Feb $21 puts at $1.88 to $1.84
7/29/25 Bitcoin ETF (IBIT) opening sales of 1300 Jan $67 puts at $7.80 to $7.50
7/29/25 S&P Mid-Cap Value ETF (IVOV) rare trade buys 1100 Sept $99 calls at $2 to $2.50
7/29/25 CAVA Group (CAVA) 4800 Sept $65 short puts open 0.75
7/29/25 Royal Caribbean (RCL) 1250 Sept $390 calls bought $2
7/29/25 Netflix (NFLX) 400 Oct $1130/$1110 bull put spreads sell for $7.10
7/29/25 Lyft (LYFT) 5000 Oct $18 lotto calls bought 0.39 to 0.41
7/29/25 Lyft (LYFT) also 1500 Oct $14 calls bought for 1.53
7/29/25 Wynn Resorts (WYNN) 555 June 2026 $100 short puts open 8.84
7/29/25 SoFi Technologies (SOFI) sees 1500 May $25 puts sold to open for $4.75
7/29/25 Goldman Sachs (GS) 250 Nov $640 short puts open 13.40
7/29/25 Goldman Sachs (GS) buyer 200 Sept 2026 $800 calls 60.35
7/29/25 Zillow (Z) 350 March $95 ITM puts sell to open 18.40 bid
7/29/25 Immunocore (IMCR) opening sale of 3000 October $35 puts at $2.60
7/29/25 Eli Lilly (LLY) buyer 200 Oct $780 calls at $54 to $57.55
7/29/25 Intuitive Surgical (ISRG) buyers of 1100 Sept $505 calls at $18
7/29/25 Modine Manufacturing (MOD) 2500 August $120 calls bought $4.35 as the $105 and $110 adjust again
7/29/25 Modine Manufacturing (MOD) also 900 Sept $120 calls bought near $7
7/29/25 Bloom Energy (BE) 2500 Nov $45 calls buy $3.05 as the $35 adjust
7/29/25 GE Vernova (GEV) stock replacements buy 700 Oct $650 calls at $43.50 to $45.50
7/29/25 Joby Aviation (JOBY) 2350 far OTM Jan $32 calls buy $1.15
7/29/25 Amazon (AMZN) 1000 May $245 calls buy for $21.62 as the Nov $225 calls adjust
7/29/25 Amazon (AMZN) size opening put sale for 700 Sept 2026 $225 at $21.10
7/29/25 Palantir (PLTR) buyer of 800 Dec 2026 $210/$240 call spreads
7/29/25 Palantir (PLTR) 500 Feb $135 short puts opening $14.50
7/29/25 Palantir (PLTR) seeing 12K Oct $180 calls buying $8.76 as weekly $152.50 calls adjust
7/29/25 Nvidia (NVDA) with 5000 Sept 5th $175 calls bought $10.27 as Aug 8th calls adjust, earnings 8/27
7/29/25 Advanced Micro (AMD) buyers of 4000 Sept $200 calls at $7.75
7/29/25 Celestica (CLS) buyers of 1300 Aug 22nd $220 calls at $8.30 to $9.10
7/29/25 Marvell Tech (MRVL) opening seller of 1000 Sept 2026 $65 puts at $8.76
7/29/25 Taiwan Semi (TSM) opening sale 1000 Aug 29th (W) $235 puts 6.10
7/29/25 Astera Labs (ALAB) opening sales of 470 May $115 puts at $23.30 to $22.45
7/29/25 Microsoft (MSFT) Dec 570/660 call ratios bought 2000X4000
7/29/25 Unity Software (U) opening sale 700 March $33 puts $6.85 bid
7/29/25 Nebius Group (NBIS) 1800 Oct $40 puts sell to open 2.20
7/29/25 Meta (META) buyer 1000 Sep 750 calls 20.85
7/29/25 Constellation Energy (CEG) 300 Sept 2026 $320 puts sell to open $51.40 bids
7/29/25 Vistra (VST) with 1065 June $180 puts sold to open at $26.91 in a single block
7/28/25 Nasdaq 100 ETF (QQQ) size opening sale 1000 March $570 puts $30.28
7/28/25 S&P 500 ETF (SPY) buyers of 15,000 Aug 8th $645 calls at $2.22
7/28/25 Financial Bull 3X ETF (FAS) buyers of 1000 Jan 2027 $240 calls buy at $21.13
7/28/25 Bitcoin ETF (IBIT) opening seller 2000 March $58 puts at $5.15 bid
7/28/25 Bitcoin ETF (IBIT) also 1750 Dec $61 puts sell to open $4.40 bids
7/28/25 Bitcoin ETF (IBIT) buyers of 1000 Dec 31st (Q) $71 calls at $7.15 to $7.45
7/28/25 2x Solana ETF (SOLT) seeing 800 Nov $25/$35 call spreads bought at $3.50
7/28/25 Tesla (TSLA) buyers of 350 May $650 calls at $12.45 to $12.70, continue to see bull flow in May/June 2026
7/28/25 Tesla (TSLA) 1500 OTM Nov $550 calls bought $3.60 to $3.65
7/28/25 Coca Cola (KO) buyer 950 Feb $60 deep ITM calls for $10.05
7/28/25 Darden Restaurants (DRI) opening sales of 600 Oct $210 ITM puts at $12.80 to $12.30
7/28/25 Uber (UBER) 2500 Dec $105 calls buying 4.46 to 4.50
7/28/25 Bloom Energy (BE) 7500 Nov 50 calls sold to open 1.90 to 1.85
7/28/25 Citigroup (C) large opening sales of 3000 Jan 2027 $95 puts at $11.10
7/28/25 Citigroup (C) also 3000 June 2027 $100 ITM puts sell to open at $14.75
7/28/25 Coinbase (COIN) size buy 3000 Jan $420 calls for $53.50
7/28/25 Coinbase (COIN) buyer 500 Aug 22nd (W) $415 calls $13.55 offer
7/28/25 Visa (V) buyer 750 Oct $390 calls $3.70 offer
7/28/25 Tempus AI (TEM) 1400 August $59 puts sold to open $2.90
7/28/25 Abbott Labs (ABT) buyers of 350 Sept 2026 $110 ITM calls $24.10
7/28/25 Modine Manufacturing (MOD) 2000 August $110 calls bought into 7-30 earnings
7/28/25 GE Aerospace (GE) size buy 2000 August 8th (W) $270 calls $5.64
7/28/25 Advanced Micro (AMD) over 9000 Aug 8th $190 calls active with buyers $2.90 to $2.97
7/28/25 Advanced Micro (AMD) opening seller of 400 Dec 2027 $175 puts at $39.45
7/28/25 Nvidia (NVDA) massive adjustment buys 109,000 Sept $160 calls $20.25 adjusting 90K Sep t140 calls
7/28/25 Vertiv (VRT) buyer 2000 Aug 1st (W) $145 calls 4.10
7/28/25 CrowdStrike (CRWD) 350 Dec $570 calls buy at $20.11 to $20.21
7/28/25 Oracle (ORCL) 51,700 Oct $230 calls buy $27.65 adjusting massive 40,000 Oct 200 call position
7/28/25 Taiwan Semi (TSM) buyer 55,000 Oct $230 calls $23.30 as $220 strike adjusts
7/28/25 Marvell Tech (MRVL) buyer 1000 Dec $85 calls at $7.05 as $110 calls adjust
7/28/25 Amazon (AMZN) buyers of 6000 Nov $260 calls at $6.45 to $6.60 offers
7/28/25 Amazon (AMZN) the massive August $200 calls in OI adjust up and buyer 54,000 Aug $220 calls at $16.63
7/28/25 Salesforce (CRM) 700 May $270 puts sell to open $27.30
7/28/25 Microsoft (MSFT) buyer of 3500 Oct $510 calls $24.65
7/28/25 Meta (META) 1200 Nov $780 calls buying $31.75 to $31.93 as August $720 adjust
7/28/25 Meta (META) big put sale sells 150 Jan 2027 $770 ITM puts for 122.40
7/28/25 CoreWeave (CRWV) buyers of 1000 Oct $110 calls $11.59 to $11.70 spread versus $140 calls
7/28/25 Palantir (PLTR) buyer 500 May $180 calls $26.35
7/28/25 GDS Holdings ADR (GDS) buyer 4000 Oct $38 calls $5.15 as Sep. 31 adjust
7/28/25 NuScale Power (SMR) aggressive buyer of 500 March $75 calls at $9.70 offer
7/28/25 AST SpaceMobile (ASTS) 1000 August $54 puts sold to open $4.90
7/28/25 AST SpaceMobile (ASTS) opening sales of 600 Feb $55 puts at $14.15 bids