Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 5:25 FOCUS LIST: NVDA, TSM, PLTR, TSLA, LLY, RKLB, ASTS, NTRA, XBI (ETF)
4) 9:00 Stock Review – Aerospace/Defense: PL, ATRO, WWD, HXL, GE, HWM, RTX, SATS, RDW, LUNR, BKSY, FLY
5) 11:40 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, LRCX, KLAC, MU, TER, STX, WDC, SNDK
6) 13:00 Stock Review – Electronic Related: CLS, COHR, LITE, TTMI, FN, JBL, VICR
7) 13:55 Stock Review – Energy/Data Center related: VRT, GEV, ORA, ROK, ATI, WLDN, AAOI, CIEN, DY
8) 16:05 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), AZN, RYTM, AVTX, NAMS, IMVT, CSTL, AXGN, CBLL, GRAL, GH, WGS
9) 18:15 Stock Review – Others/General Ideas/Commentary: TWLO, APP, NEM, HOOD, SOFI, GOOGL, SPHR, REMX (ETF)
10) 20:20 Stocks Near Buyable Ranges: NTRA, TER, WLDN, IMVT, CBLL
11) 23:40 Conclusion/Summary

Market Summary:
It’s the same two themes I discussed in the Weekend Video: 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. Thank you and good luck for the remainder of the week. Happy New Year everyone! Warmest wishes to you and your families for a happy, healthy, and prosperous 2026!

Unusual Options Activity:
12/30/25 S&P 500 ETF (SPY) buyer of 4000 June 2028 $850 calls at $27.99 to $28.10 for $11M
12/30/25 S&P 500 ETF (SPY) buyer of 15,000 April 30th $655/$635 put spreads as Feb spreads adjust hedges
12/30/25 S&P 500 ETF (SPY) opening sales of 1000 June $705 ITM puts for $31.72 to $31.43 bids
12/30/25 Silver ETF (SLV) 6500 March $74/$84 call spreads bought $2.17
12/30/25 Silver ETF (SLV) buyers of 1000 April $59 ITM calls at $12.70 to $12.90
12/30/25 Silver ETF (SLV) also a block of 1200 Jan 2027 $67 puts sell to open at $11.50
12/30/25 Gold ETF (GLD) buyers of 1350 Feb $407 calls at $12.48 adjusting some Jan calls
12/30/25 Gold Miners ETF (GDX) buyer 2000 Feb $85/$70 put spreads
12/30/25 Gold Miners ETF (GDX) large blocks sell to open 2500 Dec 2026 $85 puts at $11.15
12/30/25 Bitcoin ETF (IBIT) buyer of 2000 March $53 calls at $3.04
12/30/25 Ethereum ETF (ETHA) buyer of 2000 June $27/$33 call spreads at $1.21
12/30/25 Tesla (TSLA) sellers to open of 2100 Jan 23rd $430 puts at $8.20 to $8.16
12/30/25 Tesla (TSLA) buyers of 5000 Feb $655 calls at $2.82
12/30/25 Tesla (TSLA) seeing 2500 Dec 2026 $480 puts sell for $99.81 as the Sept short puts adjust
12/30/25 Rivian (RIVN) 300 June 2028 $20 short puts open 7.40
12/30/25 eBay (EBAY) buyer 2000 Feb 87.50 calls 3.65 offer
12/30/25 Chipotle (CMG) large opening sale 5000 Jan 2028 $30 puts for $3.60
12/30/25 Netflix (NFLX) buyer of 1000 Jan 30th $95 calls at $4.15
12/30/25 Exxon (XOM) buyer 1000 Jan 30th $125 calls at $1.49
12/30/25 Exxon (XOM) buyer of 1450 May $135 calls at $1.73 in a single block
12/30/25 Occidental Petro (OXY) buyers of 10,000 Jan $42 calls
12/30/25 Occidental Petro (OXY) also 2000 Dec 2026 $50 calls bought 2.39
12/30/25 SoFi (SOFI) opening sales of 440 June 2028 $18 puts at $4.05
12/30/25 SoFi (SOFI) also a seller of 2000 May $22 puts at $1.63
12/30/25 Boston Scientific (BSX) 4200 Feb 6th (W) $87 short puts open 0.65 to 0.60
12/30/25 Arrowhead Pharma (ARWR) buyer of 1000 Jan 2027 $60 ITM calls at $24.53 as the Jan 2028 $70 calls adjust
12/30/25 Abivax ADR (ABVX) unusual buys in Feb 6th (W) $160 and $165 calls as well as 1000 Jan 9th (W) $200 calls
12/30/25 FTAI Aviation (FTAI) 600 June $250 calls buying $11 to $12
12/30/25 Newmont (NEM) opening sale of 800 March $100 puts at $7.70
12/30/25 Newmont (NEM) 3000 Jan 9th $101 puts sell to open $2.05
12/30/25 Google (GOOGL) 10,000 Feb 6th (W) $310 short puts open 12.10
12/30/25 Google (GOOG) buyer of 1000 April $340 calls at $13.65 to $13.70
12/30/25 Taiwan Semi (TSM) 5000 Jan 30th (W) $305 puts sold for $12
12/30/25 Advanced Micro (AMD) buyers 1500 Jan $212.50 calls for $9.90
12/30/25 Amazon (AMZN) sale 5000 March $210 puts for $5
12/30/25 Intel (INTC) seeing 5000 July $50 OTM calls with buyers
12/30/25 Intel (INTC) also 10,000 July $65 calls $1.11 sweep offer
12/30/25 Intel (INTC) opening seller of 1800 July $33 puts at $2.95
12/30/25 Intel (INTC) opening sale of 4000 June $37 puts for $4.48
12/30/25 Credo Tech (CRDO) opening seller 500 May $105 puts $9.80
12/30/25 Meta (META) buyer 1050 March $725 calls $22 to $23 looking to add to OI
12/30/25 Meta (META)also 1250 June $665 puts with sellers
12/30/25 Micron (MU) seller to open of 1500 Jan 30th $275 puts at $10.50
12/30/25 CoreWeave (CRWV) seeing 1050 Jan 23rd $75 puts sell to open $5.75 to $5.70
12/30/25 Teradyne (TER) buyer 1000 Feb $210 calls $12.37
12/30/25 Nvidia (NVDA) 4000 Jan 2027 $125 puts sell to open $7.40 as March $175 short puts adjust
12/30/25 Nvidia (NVDA) large buyers of 2100 Jan 2028 $140 deep ITM calls for $78.60 to $78.95, over $16M
12/30/25 Apple (AAPL) buyers of 4500 Jan 9th $272.50 calls for $3.70
12/30/25 Palantir (PLTR) opening sale of 900 August $170 puts at $24.26, adjusting Jan short puts
12/30/25 CrowdStrike (CRWD) buyers of 300 June 2027 $480 calls at $109.45 as Jan 2027 calls adjusting
12/29/25 S&P 500 ETF (SPY) buyer of 2500 June 2028 $850 calls at $27.80 to $28.33
12/29/25 S&P Equal Weight ETF (RSP) block of 3000 Jan 2027 $150 puts sell to open $2.45
12/29/25 Ultra-Nasdaq ETF (TQQQ) 4000 Feb 6th (W) $55 calls bought 3.20 to 3.50
12/29/25 Silver ETF (SLV) buyer 4000 Feb $76/$81 call spreads
12/29/25 Silver ETF (SLV) 5500 Feb $63 puts sold 4.75 to open
12/29/25 Silver Miners ETF (SIL) buyer of 1000 July $84 calls at $15.90 offers
12/29/25 Gold ETF (GLD) buyers of 1400 April $400 calls at $21.35
12/29/25 Gold Miners ETF (GDX) stock replacement sells 2000 Feb $89 puts at $6.95
12/29/25 Tesla (TSLA) opening seller of 1250 Jan 30th $380 puts at $3.30
12/29/25 Nike (NKE) seeing 1000 July $60 puts sell to open $5.15
12/29/25 Starbucks (SBUX) 4500 Jan 2028 $60 short puts open $4.65
12/29/25 Expedia (EXPE) 500 Sept $290 calls buy $42.20
12/29/25 Netflix (NFLX) opening seller of 1900 June 2028 $65 puts at $6.75, adjusts the Dec 2027 $64 short puts
12/29/25 eBay (EBAY) 2000 Feb $87.50 calls bought for $3.75
12/29/25 AppLovin (APP) 2000 Jan $700 calls buy for $5M
12/29/25 Williams Cos. (WMB) 11,000 Feb $55 short puts open 0.57
12/29/25 Berkshire Hathaway (BRK.B) opening seller of 1000 Jan 30th $495 puts at $4.30
12/29/25 Berkshire Hathaway (BRK.B) opening sale 1000 Jan 2027 $490 puts $25
12/29/25 Citigroup (C) buyers of 2000 June 2027 $135 calls at $11.80
12/29/25 Citigroup (C) 2000 Jan 9th $117 puts sell to open $1.19
12/29/25 HSBC Holdings ADR (HSBC) opening sale of 750 March $80 puts at $4.50
12/29/25 Robinhood (HOOD) buyers of 1250 Feb 6th $118 calls at $8.30
12/29/25 Merck (MRK) buyer of 1000 Jan 2028 $140 calls for $6.60
12/29/25 Immunovant (IMVT) another 1500 July $30 calls buying $4.80 to $5.50
12/29/25 Howmet Aerospace (HWM) 3000 Feb $180 short puts open $2 to $1.95
12/29/25 Intuitive Machines (LUNR) 3000 June $14 ITM calls buying for $5.42
12/29/25 Vertiv (VRT) trade sells 1000 March $150 puts to open for $11.03
12/29/25 Newmont (NEM) opening seller of 2200 March $125 calls at $1.79
12/29/25 Taiwan Semi (TSM) 5000 Jan 30th $305 puts sell to open $12.25 to $12
12/29/25 Taiwan Semi (TSM) 2000 Jan 23rd $300 puts sell to open $9.60
12/29/25 Taiwan Semi (TSM) opening sales of 490 July $290 puts at $26.30
12/29/25 Advanced Micro (AMD) 1000 Jan $217.50 calls bought $5.71
12/29/25 Apple (AAPL) size buyer 2500 August $300 calls $13.30 offers
12/29/25 Google (GOOGL) opening sale of 380 Feb 6th $310 puts at $12.59
12/29/25 Google (GOOGL) opening sales of 600 June 2027 $330 calls at $54
12/29/25 IREN (IREN) 500 March $39 short puts open 6.70 bids
12/29/25 Meta (META) 1325 Feb 6th $565 puts sell to open $4.80
12/29/25 Meta (META) 600 Feb 6th $650 puts sell to open $26.80 as Feb $550 short puts adjust
12/29/25 Intel (INTC) buyers of 7500 Feb $43 calls at $0.97
12/29/25 Micron (MU) buyers of 2500 Jan 9th $200 calls at $5.45 to $6.90
12/29/25 Micron (MU) also buyers of 1500 of the $320 calls at $2.35
12/29/25 Centrus Energy (LEU) buyer 300 Feb $300 calls $19.5
12/29/25 EchoStar (SATS) 1000 March $110 calls buys $10.45

Write-up on EchoStar (Symbol: SATS)
EchoStar (SATS) continues to see strong bullish positions open in the options market including a 12/29 trade that bought 1250 March $110 calls to open at $10.45 to $10.50, a 12/15 buyer of 1000 April $110 calls at $16.50, 1000 January 2028 $130 and $135 calls bought on 12/11, an adjustment trade that opened 4000 April $90 calls on 12/10 valued over $10M and 12/10 buys of 1000 each in July $135 and September $130 calls. SATS also still has 8500 February $135 calls bought in open interest from 12/10 trades, 8000 January $80 calls and 7500 January $90 calls while April $115 holds 6000 in OI from short call trades. SATS shares ran up on big volume to start December with talks of the SpaceX IPO valuation and have since formed a consolidation bull flag that measures to a $140 target on a move above $110. EchoStar completed its all‑stock merger with DISH Network on December 31, 2023, creating a combined company that controls DISH’s satellite TV (Dish TV), Sling TV, nationwide 5G network, and Hughes/Jupiter satellite broadband and enterprise services. In August 2025, EchoStar agreed to sell roughly 30 MHz of nationwide mid‑band spectrum (~1.9–2.0 GHz S‑Band/PCS) and about 20 MHz of nationwide low‑band licenses (covering virtually every U.S. market) to AT&T for about 23 billion dollars in cash, subject to FCC approval. EchoStar plans to use proceeds primarily to pay down debt and support a hybrid MNO model with AT&T, revising their network‑services agreement to let AT&T handle more radio‑access build‑out while EchoStar focuses on retail brands (Boost, Dish) and remaining assets. EchoStar also announced a spectrum and connectivity arrangement with SpaceX valued at roughly 19 billion dollars in total consideration, in which SpaceX gains access to key S‑Band spectrum for its direct‑to‑device and satellite‑to‑cell offerings. SATS has a $32B market cap and trades 4X EV/Sales and 29.5X EBITDA though most of its valuation is embedded in its strategic assets. Combined, the AT&T and SpaceX transactions are commonly cited as roughly 40 billion dollars of spectrum monetization, which could allow EchoStar to eliminate most or all of its financial debt and still retain meaningful satellite, enterprise, and brand assets—if both deals close as planned. EchoStar has pivoted from a wireless operator to an investment company, prompting a valuation shift that assigns $11B to remaining spectrum based on precedents. Its 3% SpaceX stake, now implied at about $22B or roughly $65 per share using an $800B valuation, represents significant upside versus prior mark. Analysts have an average target of $112.50 and short interest has crept higher to 8% of the float. Deutsche Bank raised its target to $131, saying other catalysts include the company reaching settlements with tower providers, AWS-3 re-auction, a SpaceX initial public offering, and a resolution of the Dish creditor lawsuit. MSCO upgraded and the sale to AT&T to close by mid-year ’26 and the sale to SpaceX to close in Nov. ’27. MSCO also raises estimates for the value EchoStar will capture with its remaining AWS-3 spectrum licenses from $1.50 to $2.50 saying Verizon and T-Mobile will be interested in this spectrum for their networks.