Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 15:00 FOCUS LIST: NVDA, TSM, TSLA, LLY, RKLB, ASTS, XBI (ETF)
4) 18:25 Stock Review – Aerospace/Defense: SHLD (ETF), RTX, PL, BKSY, KRMN, ATRO, FTAI, WWD, VSAT, HWM, GE, SATS, LUNR
5) 20:35 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, KLAC, LRCX, ASML, MTSI, TER, Q, MU, STX, WDC, SNDK
6) 23:00 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, JBL, VRT, GEV, ATI, KMT, BE, CIEN, GLW, AAOI, LASR
7) 25:40 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), INCY, IMVT, EWTX, TERN, PCVX, CGON, AVTX, MAZE, CYTK, CTMX
8) 28:05 Stock Review – Others/General Ideas/Commentary: DVN, TDW, NBIS, CRWV, GOOGL, SPHR, REMX (ETF)
9) 30:30 Conclusion/Summary

Market Summary:
The theme continues to be patience and discipline until market conditions improve. The Nasdaq Composite bounced off its 200-day moving average last Monday, March 9th. After two healthy pause days last Tuesday and Wednesday, the selling resumed at the end of the week and the Nasdaq is back to its 200-day. From here, I would like to see it hold this level and see the big institutions come back into the market with more CONSISTENT buying. Again, this will require patience. Also, I will continue to observe how many growth stocks act around key levels. If the selling continues and some of my stocks break below these key averages, I will stick to my loss cutting discipline and reduce my exposure. As I discuss in this video, taking losses and having risk management should be a part of EVERYONE’S strategy.

Although I encourage defense right now, I am not going to get overly bearish because I don’t think we are heading into a prolonged bear market. There are still secular growth themes that I like longer term, and I think many of these stocks and sectors will resume their uptrends as soon as the selling pressure stops. Again, this will require patience. As always, please know your timeframe and adjust your positions based on your risk tolerance. There’s nothing wrong with sitting out and/or keeping your positions light until we see better health. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
3/13/26 Semiconductors ETF (SMH) opening seller of 20,000 May $310 puts at $5.82
3/13/26 Financials ETF (XLF) buyer 5000 May $49 calls at $2.11
3/13/26 Staples ETF (XLP) 2000 Jan $84 puts sell to open $4.60
3/13/26 Copper Miners ETF (COPX) buyers of 5900 June $90 calls at $4.60 to $4.80
3/13/26 Tesla (TSLA) 1500 Nov $235 puts selling to open $9.28 to $9.25
3/13/26 Disney (DIS) buyer 3100 April $105 calls at $1.60 as $115 calls adjust
3/13/26 Terns Pharma (TERN) buyers of 5500 April $50 calls $3.70 to $5.50
3/13/26 ANI Pharma (ANIP) 2000 July $70 puts sold to open $4.70
3/13/26 Nektar Therapeutics (NKTR) 1000 April $65 puts sell to open $2.60
3/13/26 Cytokinetics (CYTK) 2000 May $75/$100 call spreads bought at $4.79
3/13/26 KKR (KKR) buyer of 400 Sept $97.50 calls for $8.50
3/13/26 Chemours (CC) 4300 July $22 calls bought $1.70 to $1.90
3/13/26 Chevron (CVX) 1000 May $190 puts sell to open $6.40
3/13/26 Schlumberger (SLB) opening seller of 2000 Jan $42.50 puts at $4.75
3/13/26 Bloom Energy (BE) 1000 April $130 short puts open $8.79 as $120 puts adjust higher
3/13/26 Amphenol (APH) buyer of 2400 June $130 calls at $17.45 as $150 calls adjust
3/13/26 Himax Tech (HIMX) 4300 April $12 calls hot with buyers $0.90 to $1.05 offers
3/13/26 AXT (AXTI) 3600 April $50 puts sell to open $9.60 to $9 bids
3/13/26 Meta (META) 1000 April $525 puts sell to open $4.60
3/13/26 Amazon (AMZN) 5000 April 10th $220/$235 call spreads bought as some April 235/260 adjust
3/13/26 Western Digital (WDC) 450x 900x Dec $300/$420 call ratios opening
3/13/26 SanDisk (SNDK) 400 June 2028 $860/$1080 call spreads bought
3/13/26 SanDisk (SNDK) 400 Sept $500/$600 ITM call spreads buying
3/13/26 SanDisk (SNDK) also an opening seller of 300 July $800 ITM puts for $231 bids
3/13/26 Micron (MU) 1000 Nov $200 puts sold for $11.50
3/13/26 Micron (MU) also 1050 Oct $195 puts sell for $8.90
3/13/26 Lam Research (LRCX) opening sale 500 Jan $180 puts for $27
3/13/26 EchoStar (SATS) 1175 April 10th $94 puts sell to open $1.80
3/12/26 S&P 500 ETF (SPY) Sept 715/745 call ratios trade 2500X5000
3/12/26 Nasdaq 100 ETF (QQQ) opening seller of 1000 March 2027 $470 puts at $17.09
3/12/26 Financials ETF (XLF) buyer of 3000 May $49 calls at $1.98
3/12/26 Regional Banks ETF (KRE) 4000 Sept $61 short puts trade 4.78 to open
3/12/26 Brazil ETF (EWZ) 8500 Jan $35 short puts open $3.80
3/12/26 South Korea ETF (EWY) large opening sale 5000 Jan $110 puts $14.50
3/12/26 Gold ETF (GLD) 80,000 April $495/$515 call spreads bought with March adjusting
3/12/26 Tesla (TSLA) size May $420 calls bought 3000X 26.45
3/12/26 Target (TGT) 600 Jan $115 short puts open 14.10
3/12/26 Circle Internet Group (CRCL) opening seller of 1000 June $110 puts at $15.60
3/12/26 Wells Fargo (WFC) 4000 May $82.5 calls buying 1.91 offers
3/12/26 KKR (KKR) buyer 3000 May 95/120 call spreads
3/12/26 Blackstone (BX) late day opening sale 1850 June 2027 $90 puts $14.15
3/12/26 TG Therapeutics (TGTX) buyer of 600 Jan 2028 $15 deep ITM calls at $15.50 to $15.70
3/12/26 CG Oncology (CGON) 2000 July $35 short puts at $2.13 and buys 2000 July $65/$90 call spreads at $7.63
3/12/26 Expand Energy (EXE) buyer 2000 April 110 calls 4.85 offer
3/12/26 Occidental Petro (OXY) 2000 Oct $85 OTM calls bought 4.15
3/12/26 Halliburton (HAL) 1440 April 34 calls buy 2.84 offer
3/12/26 Halliburton (HAL) buyer of 5000 May $38 calls at $1.57
3/12/26 NRG Energy (NRG) 500 Sept $150 short puts open 19.56
3/12/26 Dow Chemical (DOW) more bull flow as 4000 May $42.5 calls buy 1.13
3/12/26 Dow Chemical (DOW) also buyer 5000 June $37.5 calls $3.50 to $3.55
3/12/26 Nutrien (NTR) 1290 May $85 calls bought $5.90 to $6
3/12/26 Nutrien (NTR) 600 Sept $100 calls sell at $4.90
3/12/26 Lyondell (LYB) more bull flow with 2800 June $85 calls bought $2.8
3/12/26 RTX (RTX) with 450 Jan $165 short puts opening 8.80
3/12/26 Rocket Lab (RKLB) 8000 Oct $55 short puts open $10 to $9.85
3/12/26 Firefly Aerospace (FLY) 3K April 30 calls buy 1.80
3/12/26 EchoStar (SATS) buyer of 1000 May $120 /$150 call spreads
3/12/26 Ondas (ONDS) 2000 April $7 ITM calls buy at $3.50
3/12/26 Vertiv (VRT) 5200 April 195 short puts open at 1.95
3/12/26 Google (GOOG) buyer 10,000 March 27th (W) $315 calls 3.50 offer
3/12/26 nLIGHT (LASR) trading 2200 ITM June $30 calls near $36
3/12/26 Jabil (JBL) seller of 3800 March $232.50 puts at $6.57 as $220 short puts adjust
3/12/26 Marvell Tech (MRVL) 1250 Nov 130 calls bought 5.75 to 6.10
3/12/26 Intel (INTC) buyer of 3000 August $50 calls for $6.44
3/12/26 Intel (INTC) 2500 Dec 2027 $42 short puts opening 10.52 as Jan adjust
3/12/26 Taiwan Semi (TSM) 1000 Dec $340 short puts opening near $49.40
3/12/26 Micron (MU) 5000 March 335 short puts opening 3.92