Link to chart presented in video: https://x.com/michaelbatnick/status/2022028142630801786

Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 7:30 FOCUS LIST: NVDA, TSM, TSLA, LLY, INCY, RKLB, ASTS, XBI (ETF)
4) 10:55 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), ATRO, FTAI, WWD, CW, VSAT, HXL, HWM, PL, SATS, LUNR, BKSY
5) 13:55 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, KLAC, LRCX, ASML, PLAB, MTSI, TER, MU, STX, WDC, SNDK
6) 16:15 Stock Review – Electronic Related: LITE, COHR, CLS, JBL, CAMT
7) 17:15 Stock Review – Energy/Data Center related: VRT, GEV, ATI, BE, CIEN, GLW, AAOI, LASR
8) 19:05 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), IMVT, EWTX, NKTR, TERN, AXGN, GRAL, GH
9) 21:30 Stock Review – Others/General Ideas/Commentary: DVN, NEM, GOOGL, SPHR, REMX (ETF)
10) 24:00 Conclusion/Summary

Market Summary:
As I’ve mentioned in recent videos, there are two different markets going on right now. Value-related stocks and the broader market are acting well (as seen by the Dow Jones Industrial Average, the NYSE Composite, the equal-weight S&P 500 ETF (RSP), Energy (XLE), and other defensive sectors). Growth stocks and growth-related indexes are not acting as well (as seen by the Nasdaq Composite, ARKK, Bitcoin, and other “risk-on” sectors). So what’s the solution? I usually see one of two things happen. Either growth stabilizes, resumes its uptrend, and continues to lift the overall market. Or growth gets weaker and possibly weighs on the general market.

Rather than guess, I prefer to be patient until we get a clearer picture. Please keep in mind that I mostly trade growth stocks because they perform better over the long-term. Of course, there will be periods where value outperforms growth, but I’m not looking to chase the strength in value right now. I prefer to wait for conditions to improve and for the volatility to calm down in the growth world. As always, the decisions you make should be based on your timeframe, your risk tolerance, and your overall investment objectives. Also, keep in mind that I don’t want to get overly bearish because I still like the longer-term growth themes in Space/Aerospace, Semiconductors, Biotech, and many Data Center-related stocks. I review many of them in this video. Thank you and enjoy the rest of your long weekend.

Unusual Options Activity:
2/13/26 S&P 500 ETF (SPY) 2000 August $630 puts sell to open $17 to $16.85
2/13/26 S&P 500 Equal Weight ETF (RSP) 1400 Jan $200 puts sell to open $10
2/13/26 Nasdaq 100 ETF (QQQ) large blocks buying 18,000 Feb 27th $610 calls at $7.00 to $9
2/13/26 Nasdaq 100 ETF (QQQ) 2500 May $515 puts sell to open $6.17
2/13/26 Semiconductors ETF (SMH) 1250 Sept $440/$430 bull risk reversals opening for a large net credit
2/13/26 Semiconductors ETF (SMH) 2000 June $430/$400 bull risk reversals opening as Feb $400 calls adjust
2/13/26 Software ETF (IGV) buyer 10,500 March $88 calls $1.80
2/13/26 Bitcoin ETF (IBIT) large buy 5000 June 2027 $55 calls $5.74
2/13/26 Silver ETF (SLV) 1300 Jan $59 puts sell to open $6.35 to $6.15
2/13/26 Tesla (TSLA) buyers 3400 Dec 2028 $300 deep ITM calls at $203.50 to $206 as the June 2027 $240 calls adjust
2/13/26 Tesla (TSLA) 6000 Dec 2028 $600 ITM puts sell to open $246 as the Jan 2028 $500 short puts adjust
2/13/26 Tesla (TSLA) 2600 Dec 2028 $610 deep ITM puts sold to open for $66M premium
2/13/26 Netflix (NFLX) buyer 1375 Jan 2028 $45 deep ITM calls for $5.5M
2/13/26 Sphere Entertainment (SPHR) opening sales of 1250 March $90 puts $0.85 to $0.80
2/13/26 Citigroup (C) 10K May $130 calls bought $2.02 adjusting April $130
2/13/26 Morgan Stanley (MS) 2225 March $170 calls bought for $1.5M in adjustments
2/13/26 Berkshire Hathaway (BRK.B) buyer 900 May $540 calls $5.60
2/13/26 Exxon (XOM) 4150 Dec 2028 $160 calls 4150X open as $135 strike from Dec 2027 adjust
2/13/26 Exxon (XOM) 600 Jan 2028 $120 short puts open 8.60
2/13/26 Schlumberger (SLB) buyer 10K May $55 calls 2.09 as recent $57.5 adjust
2/13/26 Centrus Energy (LEU) 200 June $185 puts sell to open $34.30
2/13/26 J&J (JNJ) opening seller of 750 Dec $210 puts for $7.73
2/13/26 Revolution Medicines (RVMD) 1000 June $130 calls bought 6.40 as April 130 adjust
2/13/26 Public Storage (PSA) 1050 March 270 short puts open 3.10
2/13/26 Newmont (NEM) 1200 Jan $140/$125 bull risk reversals open at small credit
2/13/26 Newmont (NEM) also massive buyers of 10,000 July $180 calls at $4
2/13/26 Nebius Group (NBIS) 5000 March $125 calls bought $3.29 spread with 155 calls
2/13/26 Vertiv (VRT) 5120 March 27th (W) $170 short puts open 1.58
2/13/26 Google (GOOGL) buyer 1000 Sept $395 calls $9.27 to $9.35
2/13/26 Apple (AAPL) 10,000 Sept 180 short puts opening 2.42 and lower
2/13/26 Microsoft (MSFT) trades opening 2000 Nov $450/$370 bull risk reversals
2/13/26 Taiwan Semi (TSM) 800 August $300 short puts open at 17.85
2/13/26 Nvidia (NVDA) opening sales 6500 March 27th (W) $145 puts 1.89
2/13/26 Broadcom (AVGO) 4600 March 13th (W) $245 short puts open 1.93
2/13/26 Micron (MU) 10,000 April 2nd $260 puts sell to open $5.00
2/13/26 Micron (MU) massive opening sale of 5000 April $420 puts at $51.25 bids
2/13/26 Celestica (CLS) 1250 March $290 calls bought late in day for 23.60
2/13/26 ViaSat (VSAT) buyer of 2000 March $50 calls at $4.03 as Feb $48 adjust
2/13/26 AST SpaceMobile (ASTS) buyer 1500 way OTM June $175 calls for 4.70
2/12/26 Energy (XLE) 1000 Dec 2027 $55 puts sold to open 6.80
2/12/26 Industrials ETF (XLI) buyer 7050 June 190/205 call spreads adjusts March spreads
2/12/26 Emerging Markets ETF (EEM) opening sale 5000 Jan $61 puts for 4.01
2/12/26 Silver ETF (SLV) buyers of 3100 May $70.50 calls at $7.65 to $8
2/12/26 South Africa ETF (EZA) buyer 2400 July 85/95 call spreads for 2.08
2/12/26 Tesla (TSLA) buyer of 650 June $475 calls at $28.55 offer
2/12/26 Netflix (NFLX) 2000 Nov $80 short puts open $10.55
2/12/26 Uber (UBER) 28,000 May $55 short puts opening at 0.90
2/12/26 Citigroup (C) buyer 1200 April $115 calls at $6.04
2/12/26 Bloom Energy (BE) opening sale 5000 June $260 calls for 17.9
2/12/26 Bloom Energy (BE) also seeing 700 Nov $240 calls bought for $2.9M
2/12/26 J&J (JNJ) 2000 April $250/$220 bull risk reversals open at $4.65
2/12/26 Vertex Pharma (VRTX) buyers of 550 June $500 calls at $26.50 to $27.20
2/12/26 Caterpillar (CAT) 4000 June $700 short puts open 36.35
2/12/26 Newmont (NEM) 1000 March $130 ITM puts selling to open 11.10 bid
2/12/26 Vertiv (VRT) 5000 Mar 27th (W) $180 short puts open 1.60
2/12/26 Coherent (COHR) opening seller of 150 Jan $340 deep ITM puts for $148.50
2/12/26 Celestica (CLS) opening sales of 1700 Feb 27th $280 puts at $17.80 to $17.50
2/12/26 Google (GOOGL) buyer 1000 Sept $395 calls for 10.10
2/12/26 Micron (MU) buyer 1000 May $600 calls 19.30 to 19.50
2/12/26 Broadcom (AVGO) buyer 1500 June $510 calls $5.74
2/12/26 Teradyne (TER) seeing 5800 May 440 calls sell to open
2/12/26 EchoStar (SATS) buyers in Sept $150 calls $10 and higher for 3300X
2/12/26 Verizon (VZ) 12,500 May $50 puts selling to open 2.62 and lower
2/11/26 Nasdaq 100 ETF (QQQ) large bullish trades sell to open 1000 June 2027 $615 ITM puts at $54.95
2/11/26 Nasdaq 100 ETF (QQQ) buyer of 4500 Sept $550 ITM calls at $90.98 and sells the $690 calls in spreads
2/11/26 Russell 2000 ETF (IWM) similar to QQQ put sale sees 2000 June 2027 $265 puts sold for $25.00
2/11/26 Gold ETF (GLD) buyer 1000 Dec 31st (EOY) $595/$655 call spreads
2/11/26 Edgewise Therapeutics (EWTX) buyer 750 August $35/$45 call spreads
2/11/26 BridgeBio Pharma (BBIO) 1000 March $72.50/$95 call spreads bought at $6.00
2/11/26 Krystal Biotech (KRYS) 500 March $300 calls sell to open $7.50
2/11/26 JP Morgan (JPM) buyer 800 May $330 calls 14.94
2/11/26 Exxon (XOM) 1650 April $150 short puts open $4.45
2/11/26 Expand Energy (EXE) buyer 1000 March 110 calls 2.65
2/11/26 Devon Energy (DVN) 1720 Sept 50 calls buying 2.79 to 2.85
2/11/26 EOG Resources (EOG) buyers of 3000 June $130 calls at $3.71 to $4
2/11/26 Newmont (NEM) buyer of 2500 Jan 2028 $150 calls at $25.75
2/11/26 Corning (GLW) 2800 April $140 calls bought 7.40 to 7.80
2/11/26 Coherent (COHR) buyer of 975 June $250 calls at $38 to $40.60
2/11/26 Vertiv (VRT) 20,000 April $190 short puts opening 4.55
2/11/26 Amazon (AMZN) opening sale 1000 August $185 puts for 10.76
2/11/26 Amazon (AMZN) 2400 Dec 2028 $120 short puts opening 9.05
2/11/26 Google (GOOG) buyer 2000 June $340 calls for 15.60
2/11/26 GOOGL buyers of 1400 Jan 2028 $570 far OTM calls at $15.65
2/11/26 CoreWeave (CRWV) 2000 June $75 puts sell for $12.70 as the April $70 short puts adjust
2/11/26 Broadcom (AVGO) size opening sales 10,000 March 6th (W) $340 puts for $20M premium
2/11/26 Taiwan Semi (TSM) bull flows continue as 1200 March 6th (W) $395 calls buy 6.10 to 6.15
2/11/26 Western Digital (WDC) 300 June $240 short puts open 33.65
2/11/26 SanDisk (SNDK) buyer of 500 May $910 calls at $48
2/11/26 Micron (MU) 1500 July $260 puts sell to open $17 to $15.75
2/11/26 EchoStar (SATS) buyer 850 Sept $150 calls $9.90 to $10