IBD Podcast (recorded on 11/12/25): https://www.youtube.com/live/aX4PymD-hvs

Topics covered:
1) 0:00 Announcements
2) 0:45 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 12:05 Stocks showing great relative strength: MU, ATRO, INSM, GH, TSEM, CYTK, ATI, UTHR, LLY
4) 14:05 FOCUS LIST: NVDA, PLTR, GEV, RKLB, UBER, AVGO, TSM, HOOD, VRT
5) 17:45 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), GE, HWM, CW, ASTS, RTX, ATRO
6) 19:20 Stock Review – Software: IGV (ETF), NBIS, MSFT, SNOW, CRWD, ZS, DDOG, TWLO
7) 21:20 Stock Review – Semiconductors: SMH (ETF), LRCX, KLAC, AMD, MU, AEIS, SMTC, TSEM, CRDO
8) 22:50 Stock Review – Data Storage: STX, WDC, SNDK, PSTG
9) 23:15 Stock Review – Electronic Related: CLS, SANM, FN, COHR, JBL, TTMI, LITE, NVT
10) 24:25 Stock Review – Energy/Data Center related: CEG, NRG, BE, ORA, POWL, PWR, ATI, ROK
11) 25:30 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), LLY, NKTR, AVTX, NAMS, CYTK, TARS, ORKA, RCUS, MAZE, SION, INSM, PAHC, MEDP, UTHR, GRAL, GH, KMTS
12) 29:10 Stock Review – Others/General Ideas/Commentary: TSLA, GOOGL, BTU, SPHR, SHOP, SOFI, REMX (ETF), IBIT
13) 30:45 Conclusion/Summary

Market Summary:
In this video, I review the positives and negatives. Positives: The major indexes are still above their 50-day moving averages, the distribution days are manageable (only 4 in the past month), and sentiment is poor. Negatives: The price action in many growth stocks is very weak right now. Some are holding up well (and I review them around the 12 minute mark of this video), but many are severely off their highs. You can see this in the growth stock ETFs ARKK and FFTY, which are down 17-20% off their highs over the past few weeks.

The way I’ve dealt with this unexpected sharp decline is by reducing exposure. I’ve reduced from approximately 90-95% invested down to 50-60% invested. In the meantime, I’m going to wait for the selling to calm down, the volatility to subside, and for stronger entry points to present themselves. I also discuss making sure to keep your mental strong. It’s important to be honest with ourselves, write down our mistakes, and then make a strong effort to improve them. Trading is not easy and it’s a constant learning process. We have to do our best to always make improvements and continue to make strong progress. If you have any questions, you can ask them during the next LIVE webinar which will be this Monday, November 17th at 7PM EST. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
11/14/25 Nasdaq 100 ETF (QQQ) buyers of 2300 Dec 5th $590 ITM calls at $25 to $28
11/14/25 Nasdaq 100 ETF (QQQ) buyers of 1750 May $740 calls at $3.85 to $4
11/14/25 Nasdaq 100 ETF (QQQ) large buyer midday of 2000 Dec 2027 $800 calls at $28.90
11/14/25 S&P 500 ETF (SPY) buyers 2000 March 31st $720 calls at $8.10 to $8.55
11/14/25 Semiconductors ETF (SMH) large opening seller of 1600 Feb $340 puts at $21.26
11/14/25 Silver ETF (SLV) buyer of 1500 March 31st $42 ITM calls at $6.10 to $6.20
11/14/25 Silver ETF (SLV) also opening sales of 1500 Sept 30th $44 puts at $4.25
11/14/25 Brazil ETF (EWZ) large buyer of 15,000 Sept $40 calls at $1.32
11/14/25 Walmart (WMT) opening sales of 3800 Dec 26th $90 low delta puts at $0.83
11/14/25 Tesla (TSLA) buyers of 2500 Dec $395 ITM calls at $26.50 to $30
11/14/25 Celsius Holdings (CELH) another 1500 June $45 puts sold for $8
11/14/25 Costco (COST) large buys of 3400 Jan $930/$970 call spreads for $15.87
11/14/25 EQT (EQT) 1000 Dec 2026 $50 short puts opening as Dec 60 adjust
11/14/25 Occidental (OXY) buyer 1000 May $45 calls 2.91 to 3.05
11/14/25 Goldman Sachs (GS) 200 June 2027 $780 puts sold to open for $107.10
11/14/25 Eli Lilly (LLY) 900 Dec 26th $1025 calls buy at $51 to $53
11/14/25 UniQure (QURE) opening sale of 1500 Dec $22 puts at $1.88
11/14/25 Ascendis Pharma (ASND) buyer of 1000 April $250 calls at $10.80
11/14/25 Ondas Holdings (ONDS) buyer 2000 Dec 26th (W) $7.50 calls for 1.08
11/14/25 Planet Labs (PL) 5000 Jan 2028 $30 calls sell to open $3.10
11/14/25 Alibaba (BABA) large buy of 8000 Dec 5th $170 calls at $4.46 as Nov 28th adjust
11/14/25 Nvidia (NVDA) opening sale of 3500 Jan 2nd $180 puts at $7.91 as some Dec $195 short puts adjust
11/14/25 Micron (MU) buyers of 1150 March $330 calls way OTM for $14 as memory prices continue to surge
11/14/25 Micron (MU) buyer 1000 April $280 calls $36.2
11/14/25 Micron (MU) buyers of 1900 March $270 calls at $33.60 to $35.50
11/14/25 Micron (MU) 780 Feb $220 puts sold to open 18.65
11/14/25 SanDisk (SNDK) 3000 Dec 5th (W) $280 calls bought $20.55 adjusting Nov. 210
11/14/25 Nebius Group (NBIS) 1800 March $85 calls bought for $3.5M
11/14/25 Dell (DELL) buyer 1500 Nov 28th (W) 144/150 call spreads for $1.38
11/14/25 Celestica (CLS) bull flow with 400 March 340/400 call spreads bought
11/14/25 Google (GOOGL) opening seller 10,000 Dec $230 low delta puts at $1.16
11/14/25 AST SpaceMobile (ASTS) buyer 500 Jan 2028 $60 calls $36.05
11/14/25 Vistra (VST) 5400 Jan 2027 $195 ITM puts sell to open at $46.38 as the $110 short puts adjust
11/13/25 Silver ETF (SLV) 8000 June $43.50 puts selling to open at $2.73 to $2.72
11/13/25 Celsius Holdings (CELH) 2000 June $45 puts sell to open $7.25
11/13/25 Tesla (TSLA) size opening sale 1080 August $390 puts $63.91
11/13/25 Tesla (TSLA) 500 June $375 short puts open at $48
11/13/25 Disney (DIS) 10,000 Dec $95 short puts open $0.71
11/13/25 Netflix (NFLX) 1000 Dec 2027 $1180 calls buy at $262 for over $28M, adjusting Jan 2028 $1160 calls
11/13/25 Shopify (SHOP) large block sells to open 7000 Jan $120 puts at $2.27
11/13/25 First Solar (FSLR) opening seller of 250 Jan 2028 $370 ITM puts at $134.50
11/13/25 Berkshire Hathaway (BRK.B) buyers of 650 Dec 2026 $710 calls at $3.10 offer
11/13/25 SoFi (SOFI) large opening seller of 10,000 Feb $25 puts at $2.61
11/13/25 Glaxo (GSK) 3950 Feb $46 ITM calls buy as Nov 45 adjust
11/13/25 Nektar Therapeutics (NKTR) 1000 Dec $65 calls buying $5 to $5.35
11/13/25 AbbVie (ABBV) buyer 1000 June $270 calls 7.75
11/13/25 Vertiv (VRT) 7100 Jan $115 short puts open for 1.80
11/13/25 GE Vernova (GEV) opening sale 1100 Dec 26th $440 puts at $5.60
11/13/25 Nvidia (NVDA) opening sale of 1000 Dec 26th $180 puts at $8.26
11/13/25 Nvidia (NVDA) buyers of 4000 Jan 2028 $185 calls at $56.25 to $57
11/13/25 Palantir (PLTR) 3000 Jan $170 calls buying $21.45 offer
11/13/25 Palantir (PLTR) size sale 2500 Sept $165 puts to open $30.45
11/13/25 Marvell Tech (MRVL) 12,000 Jan 57.5 short puts open 0.77
11/13/25 Lumentum (LITE) opening seller of 700 Jan $200 puts at $14
11/13/25 Meta (META) buyer 775 Jan. 2028 $1050 calls for $51.40
11/13/25 Celestica (CLS) sees Dec $330/$400 call spreads buy the dip 1000X
11/13/25 Coherent (COHR) sees 6300 Dec $160 calls bought at $4.50 to $4.90
11/13/25 Alibaba (BABA) buyers of 6000 Dec 2027 $175 calls at $37
11/13/25 Amazon (AMZN) buyer 2000 Jan 2027 $275 calls 27.90 adjusting Jan 2026 $245
11/13/25 Microsoft (MSFT) buyer of 1500 April $400 deep ITM calls at $118.40 to $121
11/13/25 Vistra (VST) 3000 Jan $175 calls buying at $15 to $17 as the Dec $190 calls adjust
11/13/25 AST SpaceMobile (ASTS) large opening seller 2000 Jan 2028 $30 puts 8.80 to 8.75
11/12/25 S&P 500 ETF (SPY) size buyer in March 31st (Q) $685 puts for $13M
11/12/25 Nasdaq 100 ETF (QQQ) buyer 1500 Dec 5th $626/$636 call spreads at $4.41
11/12/25 Nasdaq 100 ETF (QQQ) also buys 3000 of the $631 calls at $8.18
11/12/25 Banks ETF (KBE) buyer 3000 Dec $58 calls $2.25
11/12/25 Ark Innovation ETF (ARKK) buyer 10,200 Jan $80 calls $6.65 adjusting Nov 80 calls
11/12/25 Tesla (TSLA) opening sale 1000 Jan $405 puts $24.11
11/12/25 Pepsi (PEP) 1045 Dec 2026 $150/$155 call spreads buying $2.13
11/12/25 Lyft (LYFT) opening seller of 1627 June $25 puts at $4.49
11/12/25 Netflix (NFLX) 1010 Jan $1160 calls buy $61, adjusting Nov $1260 calls
11/12/25 Bloom Energy (BE) buyers 1800 Dec $120 calls
11/12/25 Bloom Energy (BE) buyers of 300 August $170 calls at $39.88
11/12/25 Bloom Energy (BE) 500 Dec $130 short puts opening 24.30
11/12/25 Occidental (OXY) 1500 April $42.5 calls buying $3.15 to $3.25
11/12/25 First Solar (FSLR) large sellers of 2000 Jan 2028 $170 puts at $21.75 to $21.35
11/12/25 JP Morgan (JPM) buyer of 550 June 2027 $320 calls at $46.20 to $46.70
11/12/25 SoFi (SOFI) sees opening sales of 1027 June $29 puts at $4.95
11/12/25 Eli Lilly (LLY) buyer of Jan $1260 OTM calls 1000X at $7.10 and higher
11/12/25 Eli Lilly (LLY) buyer 500 Feb $1300 calls 13.88 to 14.00
11/12/25 Eli Lilly (LLY) buyer 600 June $1140 calls at $76.90 as the $1050 calls adjust
11/12/25 Cytokinetics (CYTK) large buyer of 875 Jan 2027 $35 deep ITM calls at $37.70
11/12/25 nVent Electric (NVT) 1500 Dec $125 calls bought
11/12/25 Karman Holdings (KRMN) 4967 Sept $50 puts sold for $5
11/12/25 Micron (MU) buyer of 1100 June $350 calls at $22.17 to $23.29 in large lots
11/12/25 Micron (MU) 1000 June $185 short puts open for 17.96
11/12/25 Google (GOOG) 1000 Dec $290 short puts open 11.10
11/12/25 Advanced Micro (AMD) buyer 1000 Dec 5th (W) $300 calls 3.27 to 3.35
11/12/25 Palantir (PLTR) seller to open in Nov 28th (W) 187.50 puts 1000X for $8.20
11/12/25 Meta (META) 3350 Jan $540 short puts opening 7.55 to 7.50
11/12/25 Nvidia (NVDA) 3000 Dec 12th $190 puts sell to open $9.90 as some Dec $175 short puts adjust
11/12/25 D-Wave (QBTS) large opening sale of 1500 April $25 puts $5.40
11/12/25 Alibaba (BABA) buyer 3050 Feb $170 calls and sells 4900 of the $220
11/12/25 Alibaba (BABA) opening sale 2000 Sept $120 puts $6.70
11/12/25 Cisco (CSCO) 600 Jan 2028 $75 calls buy 11.85 to 12.15
11/12/25 Amazon (AMZN) large bull spread sell to open 4000 June $235 puts at $18.11 and buys 4k June $315 calls at $8.60 for bull risk reversals at net credit