Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:05 FOCUS LIST: NVDA, META, PLTR, GEV, RKLB, UBER, NBIS, KTOS, AVGO, TSM
4) 8:35 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), AVAV, GE, PL, HWM, CW, FTAI, ASTS, BKSY
5) 10:50 Stock Review – Software: IGV (ETF), MSFT, ORCL, APP, SNOW, NET, CRWV
6) 13:35 Stock Review – Semiconductors: SMH (ETF), LRCX, KLAC, MU, STX, WDC, SNDK, PSTG, NTAP, AEIS, SMTC, TSEM, CLS, SANM, FN, AMSC, TTMI, CRDO, ALAB, ANET, LASR, LITE
7) 18:20 Stock Review – Energy/Data Center related: VST, CEG, VRT, NRG, BE, MOD, OKLO, SMR, NNE
8) 21:15 Stock Review – Others/General Ideas/Commentary: TSLA, GOOGL, ZURA, AVTX, ZVRA, IONQ, RGTI, QBTS, QUBT, ARQQ, TEM, TARS, NKTR, ZBIO, CGON, MDGL, MEDP, SHOP, DASH, HOOD, SOFI, CAMT, MP, USAR, METC, AREC, REMX (ETF), SKYE, IBIT, ETHE
9) 28:20 Stocks Near Buyable Ranges: ALAB, GEV, UBER, GE, CRWV, VST
10) 31:40 Conclusion/Summary

Market Summary:
I’m doing my best to shut out the noise, keep things simple, and stick to my 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 good luck for the remainder of the week.

Unusual Options Activity:
10/8/25 Nasdaq 100 ETF (QQQ) stock replacement bought 3000 Sept $700 calls for $20.53
10/8/25 S&P 500 ETF (SPY) stock replacement bought 10,000 Dec 31st (Q) $680 calls for $16.40
10/8/25 Bitcoin ETF (IBIT) 2200 Jan 2027 $65 puts sell to open $12.17 as the March $58 short puts adjust
10/8/25 Biotech ETF (XBI) with 10,000 Dec 2026 $120/$135 call spreads bought
10/8/25 Gold ETF (GLD) 2500 Dec $390/$410 call spreads buying as the $350/370 adjust up
10/8/25 Gold ETF (GLD) also buyers of 1200 Feb $380 calls at $14.90 to $15
10/8/25 Tesla (TSLA) opening sellers of 6000 Nov 7th $435 puts sold at $30.25 to $30
10/8/25 Hims & Hers Health (HIMS) block of 2000 Dec $60 ITM puts sell to open $10.66
10/8/25 Five Below (FIVE) aggressive buys in Nov $160 calls 870X at $5.60
10/8/25 StubHub (STUB) buyers in Nov $20 calls 18,000X
10/8/25 EQT (EQT) block of 7900 Nov $47.50 puts sell to open $0.46
10/8/25 Halliburton (HAL) buyer 5000 Oct 24th (W) $24 calls $0.89 to $0.91, reports 10-21
10/8/25 IREN (IREN) 1500 Nov $46 puts sell to open $4.10
10/8/25 Rocket Cos. (RKT) 3000 Jan 2027 $16.2 puts sold to open $4.05
10/8/25 Bristol Myers (BMY) 1000 Dec 2026 $38 short puts open $3.05
10/8/25 Nektar Therapeutics (NKTR) 1500 Oct 70 OTM calls bought 1.30
10/8/25 Tempus AI (TEM) block 1500 Dec $125 calls bought OTM $5.90 offer
10/8/25 Tempus AI (TEM) buyers of 2400 Nov $130 calls at $3.40 offers
10/8/25 Arcturus Therapeutics (ARCT) 4000 Nov $22.50 calls bought $6.10 seeing Oct 20/30 call spreads adjust
10/8/25 Immatics (IMTX) large unusual buyer of 8500 Jan $5/$15 call spreads at $5.20
10/8/25 Caterpillar (CAT) 900 Feb $500 calls buying this morning $38 to $39
10/8/25 Pentair (PNR) 2000 Nov $115 calls bought as Oct 110 adjust
10/8/25 Crane (CR) buyer 1000 Nov $185 calls as Oct 190 adjust, another Industrial
10/8/25 ITT (ITT) with 1500 Nov $185 calls bought as Oct $175 adjust, another Industrial
10/8/25 Terex (TEX) 1000 Nov 55 calls buy as Oct 50 adjust
10/8/25 Joby Aviation (JOBY) buyer of 2300 April $30 calls at $1.50
10/8/25 Vertiv (VRT) 400 Feb $150 short puts open $15.30
10/8/25 Quanta Services (PWR) 1000 May $620 far OTM calls bought at $7.50
10/8/25 Kratos Defense (KTOS) buyers of 675 May $110 calls $22.30 to $22.80
10/8/25 Newmont (NEM) buyer 1000 Oct 31st (W) $85 calls for 5.75
10/8/25 Newmont (NEM) stock replacement sold 900 Sept 2026 $70 puts at $4.30 bid
10/8/25 Marvell Tech (MRVL) large buyer of 4000 March $110/$150 call spreads at $5.12
10/8/25 Taiwan Semi (TSM) Nov $310 calls with size buys 3500X $16.20 to $16.45
10/8/25 POET Technologies (POET) Jan 2027 $15 calls 6500X bought for $1.1M
10/8/25 Dell (DELL) 1500 Dec $210 calls bought $3.25 to $3.40
10/8/25 Dell (DELL) 750 Jan $145 short puts open 8.30 to 8.25
10/8/25 Dell (DELL) buyers of 1100 Nov $165 calls at $7.70 as the $155 calls adjust
10/8/25 Arm Holdings (ARM) buyer 700 June $210 calls 15.50
10/8/25 Arm Holdings (ARM) 5000 Oct 31st $180 calls bought at $3.50 in a single block
10/8/25 Arm Holdings (ARM) Feb $180 calls trading at $16
10/8/25 Arm Holdings (ARM) with IV rising seeing weekly $170 calls hot with buyers at $1.99 over 5000x into close
10/8/25 Baidu (BIDU) buyer 1000 Jan 2027 $195 calls $15.30
10/8/25 Palantir (PLTR) 1000 August 110 short puts open 8.16
10/8/25 CoreWeave (CRWV) buyer 1000 March $150 calls $24.14
10/8/25 Palo Alto (PANW) buyer of 2000 March $290 far OTM calls at $3.65
10/8/25 Pure Storage (PSTG) buyer of 1500 Dec $120 far OTM calls at $2.49
10/8/25 Seagate (STX) buyer 600 Nov $240 calls $13.80
10/8/25 Amazon (AMZN) 2500 June $275 calls bought at $10.70 as $225 calls adjust
10/8/25 Meta (META) over 5000 Nov $720 puts selling to open at $40.40 to $40.05 bids
10/8/25 Oracle (ORCL) large buyer of 1500 March $420 far OTM calls at $9.45 offers
10/8/25 Arista Networks (ANET) spread bought 1500 March $140 calls $33.5 and sold 3K of the $120 puts $6.40
10/8/25 Micron (MU) buyers of 3000 Jan 2027 $140 ITM calls at $77.70 to $79 as the large Jan 2026 $110 calls adjust
10/8/25 Constellation Energy (CEG) buyer of 1500 Jan $510 calls $6.60
10/8/25 Constellation Energy (CEG) 200 May $370 puts sell to open $50
10/8/25 NRG Energy (NRG) buyer 1500 Jan $220 calls $3.10
10/8/25 NRG Energy (NRG) also 1000 Oct 31st $165 calls buying $9.90 to $10
10/8/25 AST SpaceMobile (ASTS) buyer of 1000 Oct $88 calls for 6.65
10/8/25 AST SpaceMobile (ASTS) 1100 Jan $110 calls at $13.40 as Oct $75 calls adjust
10/8/25 Oklo (OKLO) aggressive buy 1000 Oct 24th (W) $170 calls 4.45 offer
10/7/25 S&P 500 ETF (SPY) 16K Oct 10th $667 calls adjust higher to buy 18,500 Oct 24th $675 calls at $5.86
10/7/25 Nasdaq 100 ETF (QQQ) 2000 Nov 14th (W) $590 short puts opening $8.42
10/7/25 Gold ETF (GLD) 3000 Nov $360 short puts open $5.80
10/7/25 Gold ETF (GLD) 1500 March $360 puts sold 11.80 bid to open
10/7/25 Gold ETF (GLD) over 80,000 Oct 24th (W) $370/$380 call spreads bought adjusting lower strikes
10/7/25 Bitcoin ETF (IBIT) buyers of 2800 Nov 7th $73 calls at $1.97 to $2.04 offer
10/7/25 2x Bitcoin ETF (BITX) 2500 Nov $61 calls buying at $7.65
10/7/25 Tesla (TSLA) sellers in Feb $300 puts 4500X
10/7/25 AppLovin (APP) 500 Dec $520 puts sell to open $33.10 to buy 500 Dec $650/$800 call spreads at $45.80
10/7/25 Shopify (SHOP) block of 1000 Nov $175 calls bought at $9.62
10/7/25 Starbucks (SBUX) opening sale 500 Jan 2028 $65 puts $7.45
10/7/25 Occidental Petro (OXY) buyer 2000 April $50 calls 2.29
10/7/25 Robinhood (HOOD) large adjustment buying 16,280 Dec $145 calls at $17.90 as the Oct $105 calls adjust
10/7/25 Rocket Cos. (RKT) March $22/$30 call spreads being bought 3000X
10/7/25 Berkshire Hathaway (BRK.B) 1000 Oct 24th $500 puts sell to open $5.25
10/7/25 Halozyme Therapeutics (HALO) buyer of 1300 March $75 calls at $4.00 offers
10/7/25 Pfizer (PFE) 1300 Jan 2028 $27 puts sold to open for $5
10/7/25 Raytheon (RTX) 2000 Nov $175 calls bought $4.13 with Oct call adjustments
10/7/25 GE Aerospace (GE) 1100 Nov $310 calls bought 12.20 as Oct 290 adjust
10/7/25 Eaton (ETN) 1100 Nov $139 calls bought 15.50 as Oct 370 adjust out and up
10/7/25 Johnson Controls (JCI) 3000 Nov $110 calls bought with Oct 105 adjusting
10/7/25 Vertiv (VRT) opening sales of 4500 Nov $115 low delta puts at $1.46
10/7/25 Rocket Lab (RKLB) 1200 Oct 24th (W) $63 calls bought $2.75 to $3.85 offer
10/7/25 Critical Metals (CRML) 2000 Nov $10 short puts trade $2.03
10/7/25 Unity Software (U) buyers of 2850 Nov $47 calls at $1.52 to $1.58
10/7/25 Unity Software (U) also sees 3900 Nov $46 calls bought
10/7/25 Unity Software (U) also seeing 4500 Nov 14th (W) $45 calls bought 1.55 to 1.64
10/7/25 Apple (AAPL) size opening seller 5000 Jan $320 puts 13.25 to 13
10/7/25 Oracle (ORCL) 4000 Nov $220 short puts open 2.58 into sell off
10/7/25 Dell (DELL) 300 Feb $150 short puts open 16.55
10/7/25 Snowflake (SNOW) large opening sale of 4500 Nov $180 low delta puts at $1.91
10/7/25 Snowflake (SNOW) 3600 Dec $230 calls bought 25.35 as Oct adjust
10/7/25 JFrog (FROG) 1000 Nov $47.5 calls buy 3.70
10/7/25 Broadcom (AVGO) 400 Dec 2026 $250 short puts open $24.45
10/7/25 D-Wave Quantum (QBTS) large buyer of 4700 Jan $37 calls at $8.25 to $8.50
10/7/25 CoreWeave (CRWV) 1200 August $95 puts sell to open $17.95 and buys 600 Aug $145 calls at $34.90, bull ratio r/r
10/7/25 Google (GOOG) buyer 1600 Dec 2026 $350 calls $11.80 to $11.90
10/7/25 Taiwan Semi (TSM) opening sale of 1000 March $300 ITM puts at $32.65 in a stock replacement
10/7/25 Arm Holdings (ARM) 9000 February $180 calls buy $15.90 to $16
10/7/25 POET Technologies (POET) max strike April $12 calls hot 15,000X
10/7/25 Oklo (OKLO) 2700 Jan $155 calls bought at $22.90 to $24.25 in large lots, over $6M
10/6/25 Gold ETF (GLD) massive adjustment rolling the 120K Oct $355 calls up and buys nearly 300,000 Oct $370 calls at $2.17
10/6/25 Silver ETF (SLV) long term buys of 1600 Jan 2028 $44 calls at $9.55 to $9.60 offer sweeps
10/6/25 Bitcoin ETF (IBIT) 15,000 June $75 calls buying at $11.28 for $7.5M as the $80 calls adjust
10/6/25 Bitcoin ETF (IBIT) 1500 March $67 puts sell to open $6.75 bids
10/6/25 Bitcoin ETF (IBIT) 1750 Dec 31st $76 calls buy at $4.85 to $5.10 today
10/6/25 Bitcoin ETF (IBIT) also 2200 Oct 31st $70 puts sell to open $2.32
10/6/25 Semiconductors ETF (SOXX) 10,000 Jan 320/350 call spreads bought
10/6/25 Tesla (TSLA) 5000 Sept 2026 $800/$900 call spreads bought
10/6/25 Hims & Hers Health (HIMS) size ITM opening sale 2500 June 2026 $70 puts at $26.36
10/6/25 Home Depot (HD) 1300 Nov $355 puts sold to open $3.55
10/6/25 Expedia (EXPE) 1090 Oct 31st (W) $230 calls bought $4.70 to $4.85
10/6/25 Lyft (LYFT) spreads selling to open 6000 April $18 puts at $1.79 to buy 6000 April $25 calls at $2.99 in bull r/r
10/6/25 Lyft (LYFT) 10,000 March $22/$35 call spreads bought at $2.95, adjusting some Jan 2027 $35 calls
10/6/25 Lyft (LYFT) also 15K June $22/$35 call spreads bought at $3.22
10/6/25 eBay (EBAY) buyers 3000 Nov $100 calls near 2.65
10/6/25 Carvana (CVNA) buyer 1960 Dec $380 calls $40.67 adjusting Oct calls
10/6/25 Disney (DIS) 650 ITM Jan 2027 $135 puts sold to open at $26.05
10/6/25 Netflix (NFLX) 200 Jan 2028 $1300 puts sell to open $277.50 ITM for $5.6M
10/6/25 Grab Holdings (GRAB) opening sales of 9500 April $5 puts at $0.25 bids
10/6/25 EQT (EQT) 500 Jan 2028 $70 calls bought $9.30 offer
10/6/25 Bloom Energy (BE) 1750 Dec $100 calls bought $15.12 to $15.20
10/6/25 JP Morgan (JPM) buyers of 4300 Oct $305 calls at $9.85, reports next week
10/6/25 JP Morgan (JPM) buyer 1000 Jan $325 calls 10.54
10/6/25 Coinbase (COIN) size roll as 22,070 Dec $390 calls buy $47.70 with Oct 320 adjusting
10/6/25 Robinhood (HOOD) 6000 Jan $200 calls bought for $4.45M as Nov. 7th (W) adjust
10/6/25 Robinhood (HOOD) 6000 Feb $110 calls bought as Jan 100 adjust
10/6/25 Robinhood (HOOD) 300 June $140 short puts open at 25.80
10/6/25 Berkshire Hathaway (BRK.B) 400 Sept $460 puts sold to open for 14.55
10/6/25 Eli Lilly (LLY) 500 Oct 31st (W) $840/$875 call spreads bought
10/6/25 Cytokinetics (CYTK) 2000 July $55 calls buy for $19.80
10/6/25 Quanta Services (PWR) buyers of 800 Nov $440 calls at $20.20 as Oct $400 calls adjust
10/6/25 Caterpillar (CAT) buyer of 950 Nov $520 calls at $13.55 to $14.65 as Oct $495 calls adjust
10/6/25 Modine Manufacturing (MOD) 1200 Nov $160 calls bought $1.55M as Oct calls adjust yet again
10/6/25 Ondas Holdings (ONDS) 3000 Nov $13 calls buy aggressively 1.70 offers
10/6/25 Ondas Holdings (ONDS) over 7300 Jan $12 calls bought up to $2.35 offers
10/6/25 Red Cat Holdings (RCAT) buyer 1000 April $24 calls $2.40 offer
10/6/25 Rockwell Automation (ROK) opening sales of 1000 Nov $300 puts at $3.40 to $3.30
10/6/25 Kopin (KOPN) 7500 Nov $4 calls buy $0.40 adjusting Oct calls
10/6/25 Newmont (NEM) buyers of 1350 Oct 24th $90 calls at $3.15
10/6/25 Microsoft (MSFT) with 7000 Nov 7th $550 calls buying at $6.95 to $7
10/6/25 Microsoft (MSFT) large stock replacement sells to open 1600 Nov $520 puts at $16.36
10/6/25 Microsoft (MSFT) late day buyers of 6000 Dec $545 calls at $15.55 to $16.10 in large lots over $10M
10/6/25 Advanced Micro (AMD) 4000 Nov $250 calls buy at $9.20 to $10.75, some spread vs sales of the $300 calls
10/6/25 Advanced Micro (AMD) 1600 Oct 31st $200 puts sell to open $8 to $7.05
10/6/25 Advanced Micro (AMD) also 600 Dec 2027 $200 puts sell to open $41 to $40.15
10/6/25 Taiwan Semi (TSM) buyers of 1100 Feb $370 far OTM calls at $11.25 offers
10/6/25 Micron (MU) 6500 Oct $195 calls roll again and buys 6900 Oct 24th $207.50 calls at $8.44
10/6/25 Nvidia (NVDA) block of 12,620 Nov 14th (W) $195 calls bought for $5.95 as Oct 31st (W) 190 adjust
10/6/25 Broadcom (AVGO) 7000 Jan $175 short puts opening $1
10/6/25 Lam Research (LRCX) 1500 Nov $160 calls buying 7.40 to 7.50
10/6/25 Amkor Technology (AMKR) 1750 Jan $41.59 calls bought
10/6/25 Dell (DELL) buyer 1000 OTM Dec $180 calls $4.40
10/6/25 Dell (DELL) buyer 1000 April $170 calls for $12
10/6/25 CrowdStrike (CRWD) buyer 800 far OTM Jan $610 calls $12.60 offer
10/6/25 CrowdStrike (CRWD) 600 Dec $610 calls bought 9.80 to 9.90
10/6/25 CoreWeave (CRWV) buyer 1000 Jan $210 calls 8.80
10/6/25 Alibaba (BABA) 2000 March $175 puts sell to open 14.65
10/6/25 Apple (AAPL) 5000 May $260 puts ITM sell to open $19
10/6/25 Pure Storage (PSTG) unusual 600 far OTM Feb $110 calls bought $4.50 offers
10/6/25 Arista Networks (ANET) 400 June 180/220 call spreads bought
10/6/25 Arista Networks (ANET) 400 Sept $140 short puts opening near 20.25
10/6/25 Astera Labs (ALAB) large opening sales of 2900 August $155 puts at $28.20 to $27 bids, collecting over $8M
10/6/25 Meta (META) opening sale 800 August $520 puts $23.40
10/6/25 D-Wave Quantum (QBTS) 4050 Nov 14th (W) $36 calls buy $6
10/6/25 Nano Nuclear (NNE) buyers of 750 Dec $60 calls at $4.40 to $5
10/6/25 Nano Nuclear (NNE) large buyers of 750 April $50 ITM calls for $12.50 offers
10/6/25 NuScale Power (SMR) 1200 max strike June $80 calls buying $5.55 offers
10/6/25 Vistra (VST) large opening sales of 4250 Dec $140 puts at $2.20
10/6/25 Vistra (VST) also 3000 Nov $170 puts sell to open $5.20

From 9/19/25 Zevra Therapeutics (ZVRA) with a large unusual trade this week as 10,000 December $5 puts sold to buy 10,000 January $9/$14 call spreads, and a name with unusual buys of 3000 November $10 calls last month. ZVRA has also seen three insiders buy over $200K in stock since August 19th. ZVRA shares have pulled back 35% off July highs but right at key VPOC and trend support with a weekly bull reversal hammer forming. ZVRA has 12.3% of its float short. ZVRA also screens as a potential M&A target and on 8/21 was featured on Betaville saying there was M&A interest. EMA approval for the recent application with a 120 day response deadline is also a potential driver of the activity.

Zevra Therapeutics is a commercial-stage rare disease biopharma company that achieved a transformational inflection point in 2025, driven by the commercial ramp of MIPLYFFA® (arimoclomol) for Niemann-Pick disease type C (NPC), advances in its pipeline, and strategic monetization of non-dilutive assets. The company’s recent quarters reflect surging top-line growth, vastly improved liquidity, but also underscore ongoing operational and market access execution challenges as it transitions fully to a commercial model.

ZVRA is small with a market cap of just $445M and trades 2.2X Cash and on the surface looks cheap with revenues forecasted to surpass $255M in FY27 from $100M in FY25. In Q2, Zevra reported net revenue of $25.9 million, up 484% year-over-year, primarily fueled by $21.5 million in MIPLYFFA net sales and further supplemented by expanded French EAP (Expanded Access Program) reimbursement and royalty streams. The sale of Zevra’s Priority Review Voucher (PRV) for $150 million in April provided a significant one-time balance sheet boost. Zevra exited Q2 with a formidable $217.7 million cash position, expected to fund pipeline and commercial activities into 2027.

Zevra’s commercial execution for MIPLYFFA was the key revenue catalyst. Since its 2024 launch, the drug reached 129 total prescription enrollments and 52% market access coverage of commercial U.S. lives by Q2, with momentum building among prescribers and new scripts growing quarter-over-quarter. Progress on OLPRUVA, Zevra’s ultra-orphan therapy for urea cycle disorders (UCD), has been slower, with only 28 total enrollment forms by Q2 despite strong payer coverage. The company is recalibrating its UCD go-to-market strategy and optimizing support for prescribers to unlock more meaningful growth.

Meanwhile, the pipeline remains a source of substantial future optionality. Zevra has submitted a Marketing Authorization Application (MAA) to the EMA for use of arimoclomol in NPC, opening the door to European sales in 2026, and continues to advance its Phase 3 DiOVER trial for celiprolol in vascular Ehlers-Danlos syndrome. Out-licensing of non-core assets also remains a theme, as management increases focus on rare/ultra-rare indications with clear market leadership potential.