Topics covered:
1) 0:00 Announcements
2) 1:00 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 5:40 FOCUS LIST: NVDA, TSM, PLTR, TSLA, LLY, RKLB, ASTS, NTRA, XBI (ETF)
4) 10:50 Stock Review – Aerospace/Defense: PL, ATRO, WWD, HXL, GE, HWM, RTX, SATS, KRMN, RDW, LUNR, BKSY, FLY
5) 15:00 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, LRCX, KLAC, MU, AEIS, MTSI, TER, PLAB, STX, WDC, SNDK
6) 19:15 Stock Review – Electronic Related: CLS, COHR, LITE, TTMI, SANM, FN, JBL, LASR, VICR
7) 21:50 Stock Review – Energy/Data Center related: VRT, GEV, ORA, ROK, ATI, WLDN, AAOI, CIEN, DY
8) 24:10 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), AZN, RYTM, AVTX, NAMS, IMVT, CSTL, MAZE, ORKA, INBX, MDGL, UTHR, AXGN, CBLL, GRAL, GH, WGS
9) 28:35 Stock Review – Others/General Ideas/Commentary: TWLO, APP, NEM, HOOD, SOFI, GOOGL, SPHR, REMX (ETF)
10) 30:45 Stocks Near Buyable Ranges: NTRA, GH, TER, WLDN
11) 33:45 Conclusion/Summary

Market Summary:
In this video, I discuss two themes. 1) Regarding the general market: KEEP IT SIMPLE! The major indexes are in uptrends, they are all above their 50-day moving averages, there’s little distribution, stocks are acting well, and the upcoming seasonality is favorable. 2) Regarding entry points: Use the 21-day as your guide. I feel that the market can continue higher over the near-term, but it will not be straight up. We will see many shakeouts along the way, so please use the 21-day to give you perspective when we see normal pullbacks. My biggest concern is the high investment levels shown in many sentiment surveys, however, I’m not expecting any meaningful correction until next year. As always, I will take this one day at a time.

I’m going to continue 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. If you have any questions, you can ask them during the next LIVE webinar, which will be this Monday, December 29th at 7PM EST. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
12/26/25 Gold ETF (GLD) 10,000 Feb $422/$437 call spreads buying as some Jan spreads adjust
12/26/25 Silver ETF (SLV) 10,000 Jan 9th (W) $68 calls buy $3.40
12/26/25 Silver Miners ETF (SIL) with 3300 April $80 calls bought at $14.20 to $15.80
12/26/25 Copper ETF (CPER) 1050 July $40 calls with buyers
12/26/25 Homebuilders ETF (XHB) opening sales of 1800 Feb $96 puts for $1.40 to $1.35
12/26/25 Tesla (TSLA) block 10,000 April $510 calls buys $45.30
12/26/25 Tesla (TSLA) opening seller of 1000 Jan 23rd $475 puts at $19.55
12/26/25 Tesla (TSLA) 11K April $940 calls selling $2.78
12/26/25 Target (TGT) sweep buyers 1575 Jan $102 calls
12/26/25 Take-Two Interactive (TTWO) 5475 Feb $220 short puts opening 2.55 to 2.50
12/26/25 Dollar Tree (DLTR) 525 March $120 short puts opening $6.87
12/26/25 Disney (DIS) 5000 March $110 short puts opening 3.70 to 3.60
12/26/25 AppLovin (APP) opening sales of 300 April $680 ITM calls for $120.88 to $120.30
12/26/25 AppLovin (APP) also opening sales of 220 Sept $620 puts at $96.90
12/26/25 Bloom Energy (BE) 1400 March $70 short puts opening $6.80
12/26/25 Expand Energy (EXE) sees 1250 April $110 calls bought for $7.39
12/26/25 Citigroup (C) opening sale of 570 Dec 2028 $140 calls at $19.70 as some June 2027 $120 short calls adjust
12/26/25 Citigroup (C) 1500 May $110 puts sell to open $4.65
12/26/25 SoFi (SOFI) opening sale of 2000 Dec 2026 $30 ITM puts for $7.70 as May short puts adjust
12/26/25 Blackstone (BX) 1000 Dec 2026 $170 short puts open at $26.15 adjusting March 170 short puts
12/26/25 JP Morgan (JPM) buyer of 1500 Feb $325 calls at $13.19, spread vs $355 calls sold
12/26/25 Intuitive Surgical (ISRG) buyer of 200 June $550 calls at $73.65 as the $540 calls adjust
12/26/25 Biogen (BIIB) opening sale of 200 Jan 2028 $195 calls at $38
12/26/25 GE Vernova (GEV) 1445 Jan 30th (W) $545 short puts open $3.95
12/26/25 Cameco (CCJ) 8850 Feb $75 short puts open $0.89
12/26/25 SanDisk (SNDK) opening sales of 1000 Feb $270 ITM puts for $45.90
12/26/25 Nvidia (NVDA) 10,000 Jan $192.50 puts sell to open $6.10 to $6
12/26/25 Nvidia (NVDA) also sellers of 2000 Jan 23rd $190 puts at $5.80
12/26/25 Micron (MU) 1000 Dec 2026 $220 puts sold for $31.75
12/26/25 Google (GOOG) 1000 March $310 short puts open for 16.60
12/26/25 Google (GOOG) opening sales of 3000 Jan 23rd $315 puts at $8.00 bids
12/26/25 Microsoft (MSFT) opening sales of 700 Jan 2028 $300 puts at $10.40 to $10.30
12/26/25 Meta (META) spreads buying 1500 Feb 6th $730/$780 call spreads at $7.25
12/26/25 Taiwan Semi (TSM) buyers of 1000 Jan 30th $330 calls at $4.20
12/26/25 Taiwan Semi (TSM) 1000 Jan 23rd $300 puts sell to open $9.65 bids
12/26/25 Western Digital (WDC) opening sale of 600 April $170 calls for $20.50 bids
12/26/25 Twilio (TWLO) seller to open of 250 March $150 ITM puts at $17.30 bids
12/26/25 Vistra (VST) opening sales of 1000 Jan 23rd $140 puts at $1.11
12/26/25 Constellation Energy (CEG) opening sales of 450 Dec 2026 $600 calls at $15.90 to $15.80
12/26/25 Oklo (OKLO) 340 June $65 puts sell to open $11.85 bid
12/26/25 EchoStar (SATS) 1000 Feb $95 puts sell to open $3.70
12/24/25 S&P 500 ETF (SPY) opening sales of 1000 Sept 30th $673 puts at $27.82
12/24/25 Space ETF (UFO) June $55 calls trade 3850X with buyers
12/24/25 Gold ETF (GLD) buyers of 1000 Feb $413 calls at $14 offers
12/24/25 Gold Miners ETF (GDX) 10K Feb 80 short puts open 2.09
12/24/25 Silver ETF (SLV) 1175 June $65.50 calls bought $8.49 to $8.76
12/24/25 Silver ETF (SLV) buyers of 1100 May $67 calls at $7.30 offers in large lots
12/24/25 Global X Silver ETF (SIL) 2200 March $80 calls buy $11.70
12/24/25 Nike (NKE) buyer 2000 Jan 2028 $70 calls $9.30 and buyers in March $60 calls 5000X
12/24/25 Costco (COST) buyer 1000 Jan 9th (W) $890 calls $7.40
12/24/25 Las Vegas Sands (LVS) buyer 2000 Jan 68 calls for 1.10
12/24/25 Robinhood (HOOD) 1000 Dec 2026 $150 calls bought $20.75
12/24/25 Wells Fargo (WFC) 1125 July $105 calls buying 4.35 to 4.45
12/24/25 Thermo Fisher (TMO) 180 June $590 short puts open $43.75
12/24/25 Micron (MU) buyer 1065 Jan 30th (W) $310/$335 call spreads
12/24/25 Micron (MU) buyer of 3000 Jan $285 calls at $16.15
12/24/25 Micron (MU) with 200 Jan 2027 $280 puts sold to open $62.85
12/24/25 Nvidia (NVDA) buyer 2500 August $240 calls $11.25 adjusting some Jan 30th (W) calls
12/24/25 Reddit (RDDT) 300 June $200 short puts open for $28.70
12/24/25 Dell (DELL) opening sales of 200 Jan 2027 $170 deep ITM puts for $50.30
12/24/25 Arista Networks (ANET) opening sale 500 Jan 2027 $85 puts $6.05
12/24/25 Amazon (AMZN) size buys in May $250 calls 5500X looking to add to OI
12/24/25 Vistra (VST) Jan 2027 210/290 call ratios trade 1050X2100

Write-up on Planet Labs (Symbol: PL)
Planet Labs – Here’s a small company with a very interesting story: Planet Labs was founded by ex-NASA scientists to provide the most comprehensive high-resolution imagery of Earth on a near-continuous basis—the firm’s more than 160 satellites in orbit (including a few different types that have differing capabilities based on resolution, spectral bands and more) have produced the biggest imagery dataset out there (going back to 2017), covering hundreds of millions of square miles, and of course now that imagery is being combined with AI tools to provide clients with the ability to quickly analyze changes in infrastructure, objects and activities. Militaries are big customers, making up about 60% of revenue, monitoring unfriendly actors on land and sea, but there are also applications for civil government (23% of revenue) and business (16% of revenue), such as an energy firm spotting methane gas leaks in a drilling area, crop monitoring across hundreds of acres or general infrastructure monitoring. Meanwhile, the firm continues to expand its satellite fleet and should have a new, higher-spec offering (dubbed Owl) launched late next year. Contracts here tend to be multi-year, and in the past few quarters, Planet Labs has been inking a ton of deals—the backlog at the end of October was $734 million, up from $232 million a year prior—with lots more potential large deals in discussion as the benefits of its offerings grow. Right now, Planet Labs is still a small outfit, with Q3 revenue of $81 million (up 33% from a year ago), but growth has been accelerating, free cash flow is in the black (earnings are near breakeven) and management sounded confident that 30%-ish top-line growth should continue through at least next year. Shares have had a big run from the low single digits in 2024 and could need some seasoning—but we’re impressed with PL’s recent resilience as many growth stocks flop around (helped by a big earnings gap two weeks ago) and as institutional sponsorship builds (363 funds own shares, up from 268 six months ago). Overall, it’s a good story that could go far.