Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 10:45 FOCUS LIST: NVDA, TSM, TSLA, LLY, RKLB, ASTS, NTRA, XBI (ETF)
4) 13:15 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), PL, ATRO, WWD, HWM, HXL, GE, RTX, FTAI, KRMN, SATS, RDW, LUNR, BKSY, FLY, KTOS, AVAV
5) 17:35 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, LRCX, KLAC, ASML, AMAT, MTSI, MU, TER, AEIS, SMTC, STX, WDC, SNDK
6) 20:20 Stock Review – Electronic Related: LITE, COHR, JBL, FN, CLS, TTMI, APH, VICR, FEIM
7) 21:40 Stock Review – Energy/Data Center related: VRT, GEV, ORA, ROK, ATI, WLDN, BE, POWL, NVT
8) 23:45 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), AZN, INCY, IMVT, GPCR, APGE, VERA, CYTK, EWTX, CSTL, TCMD, CELC, AXGN, CBLL, QNCX, GRAL, GH
9) 29:50 Stock Review – Others/General Ideas/Commentary: PLTR, NBIS, DVN, NEM, RDDT, HOOD, SOFI, GOOGL, SPHR, REMX (ETF)
10) 32:20 Conclusion/Summary

Market Summary:
The theme over the past several videos has been “keep it simple.” I’ve discussed how 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. I also mentioned that I would take this day-by-day and alert you if anything changes. This past week, I noticed that two things changed: 1) We saw two distribution days on Tuesday and Wednesday (I discussed them in the MidWeek Video). It’s not alarming, but something to watch for in case we see more distribution (i.e. a cluster of distribution days). 2) Not ALL growth stocks are acting well. Many tech names and MAG 7 stocks are stalling while other sectors are acting better.

So, what do I expect from here? One of two things usually happens. Either tech stabilizes and lifts the entire market or tech gets weaker and drags the stronger stocks down. I’m not sure which one it will be, so I prefer to be patient and just observe for now. Also, while going through my screens, I noticed very few safe entry points, as many stocks are extended. This past week, I took profits into strength and reduced my exposure from 90-100% invested down to approximately 50% invested. I’m not bearish. I’m simply locking in gains and waiting patiently for better entry points. As always, what you should do depends on your overall plan, your timeframe, and your risk tolerance. Thank you and enjoy the remainder of your long weekend.

Unusual Options Activity:
1/16/26 Russell 2000 ETF (IWM) 1150 March $257 puts sold to open $5.16 bid
1/16/26 Russell 2000 ETF (IWM) 5000 August $255/$210 bull put spreads sell to open
1/16/26 Semiconductors ETF (SMH) March $400/$450 call ratios 500x/1000x opening
1/16/26 Biotech ETF (IBB) buyers of 2900 Feb $180 calls at $1.60 to $1.65
1/16/26 Financials ETF (XLF) block of 2500 Jan 2027 $57 ITM puts sell to open at $4.60
1/16/26 Silver ETF (SLV) 1000 May $77 puts sold for $9.70, also buys 1000 March $83 calls at $9.35 in a spread
1/16/25 Gold ETF (GLD) buyers of 2700 May $515 calls at $2.66 to $2.92
1/16/26 Shopify (SHOP) buyers of 950 April $160 calls at $15 to $16
1/16/26 Netflix (NFLX) 3750 May $75 puts sell to open $2.62 as Jan $90 short puts adjust
1/16/26 Applied Digital (APLD) buyers of Feb $40 calls 5000X
1/16/26 Figure Tech (FIGR) 1000 Feb $67.50 puts sell to open $6.50 to $5.80
1/16/26 Galaxy Digital (GLXY) opening sales of 3400 Jan 2027 $25 puts at $5.80 bids
1/16/26 Medtronic (MDT) buyer of 1400 Jan 2027 $100 calls at $8.45
1/16/26 Abbott Labs (ABT) 1075 June $115 calls opening buys as Jan 90 adjust
1/16/26 Danaher (DHR) 1500 Feb 27th (W) $245 calls buying up to $7
1/16/26 Bristol Myers (BMY) 2250 Sept $55 calls bought $5.91
1/16/26 Syndax Pharma (SNDX) 1950 Jan 2027 $22 calls buying $5.40 to $6
1/16/26 Structure Therapeutics (GPCR) buyers of 150 Feb $75 ITM calls at $17 and 100 Feb $65 calls at 23
1/16/26 Definium Therapeutics (DFTX) buyers of 2000 March $20 calls at $1.00
1/16/26 Bloom Energy (BE) buyer 500 Feb 27th (W) 150/175 call spreads
1/16/26 Expand Energy (EXE) opening sale of 1500 March $100 puts at $5.30
1/16/26 GE Vernova (GEV) seeing 800 April $700 calls buy at $57.30 as Jan $620 calls adjust
1/16/26 Boeing (BA) buyers of 6500 March $270 calls at $4.30 as Feb $250 calls adjust
1/16/26 Cameco (CCJ) 1000 March $130 calls bought at $4.88
1/16/26 Teck Resources (TECK) 2250 April $50 short puts open 3.40
1/16/26 Alibaba (BABA) buyer 1500 Feb 13th (W) $175 calls for 4.80
1/16/26 Palantir (PLTR) 1200 Jan 2027 $125 short puts trade 14.48
1/16/26 Amazon (AMZN) opening sales of 1200 Dec 2028 $175 puts for $18.87
1/16/26 Coherent (COHR) buyers 1200 March $240 calls $13.50 to $14
1/16/26 Coherent (COHR) buyers of 1500 April $250 calls $14.30 to $14.70
1/16/26 Coherent (COHR) also buyers 1250 June $260 calls $22.70
1/16/26 Intel (INTC) 3000 Feb 50 short puts opening 4.71
1/16/26 Taiwan Semi (TSM) another massive put seller with 10,000 May $330 puts selling to open at $20.05 bids
1/16/26 Micron (MU) large opening sale of 10,000 Feb 27th $320 puts at $10.05 bids
1/16/26 Micron (MU) opening sale of 10K March $330 puts at $22
1/16/26 Crowdstrike (CRWD) 250 August $450 puts sell to open $54.40
1/16/26 ViaSat (VSAT) 3000 Feb $35 puts sell to open $1.10 to $1 bids
1/16/26 Planet Labs (PL) buyers 3K Jan 30th (W) $35 calls
1/16/26 Planet Labs (PL) 1700 April $35 calls bought $750K in adjustments
1/16/26 AST SpaceMobile (ASTS) with 2000 May $140 calls selling to open
1/15/26 S&P 500 ETF (SPY) buyer 1250 Dec 2028 730/810 call spreads
1/15/26 Russell 2000 ETF (IWM) 2000 Jan 2027 $280 calls sell to open $19.64
1/15/26 Russell 2000 ETF (IWM) 2500 June $265 puts sell to open 12.32
1/15/26 Emerging Markets ETF (EEM) buyers of 10,000 May $61 calls at $1.52 offer
1/15/26 Silver ETF (SLV) buyer of 6500 July $85 calls at $13.10 to $13.40
1/15/26 Tesla (TSLA) 300 Dec 2028 $280 puts sold to open for 52.75
1/15/26 Walmart (WMT) size opening sale 3000 April $115 puts for $3.50
1/15/26 Citigroup (C) buyer of 2000 June 2027 $125 calls at $13.90
1/15/26 JP Morgan (JPM) buyers of 2000 April $300 ITM calls at $22.47 to $23.75
1/15/26 Figure Tech (FIGR) 1000 Feb $60 puts sell to open $5
1/15/26 Bloom Energy (BE) 1100 March $135 calls bought at $27.75 to $28.95
1/15/26 NRG Energy (NRG) buyer of 1700 March $160 calls at $12 offer
1/15/26 Halliburton (HAL) 1970 July $30 puts selling to open $2
1/15/26 Halliburton (HAL) 1600 Jan 2028 $32 puts sold 5.75 to open
1/15/26 Eli Lilly (LLY) 875 Feb $880 puts sell to open $6.45
1/15/26 Eli Lilly (LLY) also opening sales of 250 July $840 puts for $29.50
1/15/26 Structure Therapeutics (GPCR) 1500 Feb $80 calls buy 12.10 as 2K Jan 62.5 adjust
1/15/26 TransMedics (TMDX) buyer of 300 Jan 2027 $120/$180 calls spreads for $23.60
1/15/26 Modine Manufacturing (MOD) 2200 Feb $135 calls buying at $11 as the $130 calls adjusting
1/15/26 Boeing (BA) buyer 1000 Jan 2027 $325 OTM calls $12.30 to $12.45
1/15/26 BlackSky Tech (BKSY) Feb 35 calls bought 3500X
1/15/26 Amphenol (APH) 2015 March $170 calls buy $4.98, adjusting Jan 145
1/15/26 Unusual Machines (UMAC) buyers of 4500 Feb 17.50 calls
1/15/26 CoreWeave (CRWV) 4000 Feb 6th (W) $95/$105 call spreads bought
1/15/26 Micron (MU) over 5000 Jan 30th (W) $340 puts selling to open $14 and lower
1/15/26 SanDisk (SNDK) opening sales of 500 June $440 ITM puts at $115.83 to $114.90 bids
1/15/26 Goggle (GOOGL) massive opening sales of 10,000 Feb 27th $330 puts at $14.10 to $14.05
1/15/26 Meta (META) opening sales of 3500 Jan 30th $550 puts at $3.38
1/15/26 Palantir (PLTR) buyers of 2000 April $175 ITM calls at $21.90 offers
1/15/26 Intel (INTC) buyer 1000 way OTM March $70 calls $1.42
1/15/26 Marvell Tech (MRVL) 880 August $65 short puts open for $5
1/15/26 Photronics (PLAB) sweep buyers of 4000 Feb 40 calls OTM at 0.55 to 0.70
1/15/26 ASML (ASML) 1000 Feb $1100 short puts open $9.03
1/15/26 Applied Materials (AMAT) 350 Sept $290 ITM calls bought $75 to $76
1/15/26 CrowdStrike (CRWD) buyer 1000 April $520 calls $16.50 to $17.60
1/15/26 Planet Labs (PL) buyers of 800 April $33 calls at $4.20 offers
1/15/26 Planet Labs (PL) seller of 2500 Jan 2027 $37 max strike ITM puts to open for $14.70
1/15/26 AST SpaceMobile (ASTS) 525 May $80 short puts open $12.55
1/15/26 EchoStar (SATS) stock replacement buys 1000 June $150 calls at $16.30