Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review
3) 12:00 Stock Review – Aerospace/Defense: UFO (ETF), RKLB, PL, BKSY, ASTS, VSAT, SATL, LUNR, SATS, FLY
4) 15:20 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, UCTT, AEHR, TSEM, TER, AEIS, CRDO, MTSI, Q, MU, STX, WDC, SNDK
5) 18:10 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, GLW, JBL, VRT, GEV, CIEN, AAOI, AXTI, MOD, CLS, TTMI, LASR, POWL, BE, ATI, SIMO
6) 20:30 Stock Review – Biotech/Medical: XBI (ETF), EWTX, PCVX, CGON, CAPR, ARWR, SYRE
7) 21:45 Stock Review – Others/General Ideas/Commentary: AMPX, ALB, HNGE, DELL, NBIS, CRWV, IREN, SPHR, GOOGL, REMX (ETF)
8) 24:40 Conclusion/Summary

Market Summary:
After the April 8th follow through day, the price action has been strong. For the most part, we’ve seen the markets consolidate on light volume, there’s been minimal distribution, the major indexes continue to hold their key moving averages, we’ve seen additional days of accumulation, and, most importantly, many growth stocks continue to act well. These are all positive signs of the institutions coming back into the market, and it is being driven by the four secular growth themes that I’ve been highlighting since the beginning of the year: 1) Aerospace/Defense 2) Semiconductors 3) Data Center related and 4) Biotech.

Over the near-term, I wouldn’t be surprised to see a consolidation either through price or through time. I realize that the market is very strong but I’m simply talking from a probabilities standpoint. My reasoning is: 1) The markets are extended technically. 2) The week after regular cycle options expiration (OpEx) tends to see profit taking. 3) After Nvidia’s earnings next week, most of the big reports will be out of the way and the news cycle could shift its focus from fundamentals back to the geopolitical nonsense. I reduced my exposure this week and if we get a consolidation, I will look to put money back to work in the stocks discussed in these videos.

Remember 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. 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 size 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 rest of the week.

Unusual Options Activity:
5/13/26 S&P 500 ETF (SPY) buyer 1000 Jan 2028 $745 calls $94.20
5/13/26 S&P 500 ETF (SPY) bull r/r bought 3000 Sept 2027 $880 calls and sold the $555 puts, net debit $5.16
5/13/26 Nasdaq 100 ETF (QQQ) buyers in August $800 calls 2445X
5/13/26 Healthcare ETF (XLV) buyer 27,000 Jan 148/152 call spreads for 2.04
5/13/26 Energy ETF (XLE) 3000 Nov $60 calls bought 3.45 offers
5/13/26 Goldman Sachs (GS) seeing odd upside calls again today 5500 June 1120 with buyers
5/13/26 Citigroup (C) opening sale 7825 June 26th $110 puts at $1.05
5/13/26 EQT (EQT) opening sale of 13,688 June 26th $49 puts $0.44
5/13/26 Valero (VLO) buyers of 600 Sept $250 calls at $20.40 offers
5/13/26 Eli Lilly (LLY) 150 Dec 2028 $1280 calls buy at $183 and sells the $1250 puts at $345 for bull r/r at a large $162 net credit
5/13/26 AstraZeneca (AZN) with 600 Oct $210 calls bought $6.10 offer
5/13/26 Revolution Medicines (RVMD) buyer 5000 June 150/180 call spreads as May 140 adjust out
5/13/26 ViaSat (VSAT) buyer of 2500 Sept $80/$100 call spreads at $7 and sold $50 puts at $4.50
5/13/26 TTM Tech (TTMI) with 2750 June $230 calls bought near $4.10
5/13/26 Apple (AAPL) 2000 Oct $260 short puts open 6.25
5/13/26 Microsoft (MSFT) 1500 March $360 short puts open 23 to 22
5/13/26 Nebius Group (NBIS) buyers of 1000 June $165 deep ITM calls at $43.40 to $46.54
5/13/26 Nebius Group (NBIS) also 700 June 26th $250 calls buy at $14 to $15
5/13/26 CoreWeave (CRWV) 1500 August $100 puts sold to open $12.90
5/13/26 Google (GOOG) buyers of 1500 June 26th $420 calls at $8.50
5/13/26 Nokia (NOK) with a buyer of 4000 Oct 18 calls 1.50
5/13/26 Nokia (NOK) also 14K Jan $27 calls bought $1.23
5/13/26 Cisco (CSCO) buyer of 2000 Oct $97.50 calls at $11.49
5/13/26 Nvidia (NVDA) buyers of 4000 June 12th $220 calls at $13.65 to $14.70
5/13/26 Nvidia (NVDA) opening seller of 1500 Dec 2028 $400 deep ITM puts for $181.15, adjusting Dec 2027 $300 short puts
5/13/26 Nvidia (NVDA) buyers of 3300 Jan 2028 $225 calls at $60.50 in large lots
5/13/26 Nvidia (NVDA) also buyers in June 5th $225 calls for over 14,000x
5/13/26 Advanced Micro (AMD) opening seller of 2000 June $470 puts at $50.35
5/13/26 Marvell Tech (MRVL) buyers of July $190 calls for over $2M
5/13/26 Marvell Tech (MRVL) also 1500 Dec $139 short puts open at $15.55
5/13/26 Qualcomm (QCOM) opening sales of 2000 July $190 puts at $12.70 bid
5/13/26 Vishay Intertechnology (VSH) buyer of 2500 June $35 calls $3.80, adjusts May
5/13/26 Semtech (SMTC) buyers of 1300 Sept $175 calls 18.60 to 19
5/13/26 Texas Instruments (TXN) with 2250 June $340 calls buying $5 to $6.30
5/13/26 MACOM Tech (MTSI) buyers of 650 August $380 calls at $52.90
5/13/26 Teradyne (TER) buyer 400 June $410 calls near $13
5/13/26 Intel (INTC) opening seller 2000 Dec $110 puts at $22.20
5/13/26 Applied Materials (AMAT) opening sale 1000 May 29th $430 puts at $25 to $24.75
5/13/26 ST Micro (STM) buyers of Oct 70 calls 3500X
5/13/26 Arm Holdings (ARM) massive buyer of 5000 August $170 ITM calls for $61.90
5/13/26 Coherent (COHR) opening sales of 2000 July $400 puts at $57.80
5/13/26 Corning (GLW) opening seller 1400 Nov $180 puts at $26.50 to $26.35
5/13/26 Micron (MU) opening sale of 2500 Sept $500 puts at $35.25
5/12/26 Nasdaq 100 ETF (QQQ) 6800 June $688 puts sold at $11.23 as $650 short puts adjust higher
5/12/26 Nasdaq 100 ETF (QQQ) also with 1000 June $718 calls bought at $16.90
5/12/26 Gold Miners ETF (GDX) with 2094 June 2027 $85 short puts opening $10
5/12/26 Gold ETF (GLD) spread puts on 6000 Jan $540/$380 bull risk reversals for 2.70 debit
5/12/26 Silver ETF (SLV) buyer 1000 June 26th (W) $76.5 calls 6.45
5/12/26 Costco (COST) 2500 June $1180 calls bought at $2.25 to $2.80
5/12/26 Netflix (NFLX) size opening sale 11,000 August $75 puts 1.90 as June 84 adjust
5/12/26 Wingstop (WING) opening seller of 500 Jan 2028 $80 puts at $18.50
5/12/26 Wynn Resorts (WYNN) 1100 June 2027 $90 short puts open $10.76
5/12/26 Home Depot (HD) buyer of 1250 Sept $310 calls at $23.80
5/12/26 Goldman Sachs (GS) buyers of 8800 June $1100 calls at $1.80 to $2.20
5/12/26 JP Morgan (JPM) 557 June 2027 225 short puts open 19.01
5/12/26 Wells Fargo (WFC) 20,000 June $65 short puts open $0.61
5/12/26 AstraZeneca (AZN) buyers of 7500 June $210 calls at $0.65
5/12/26 Cytokinetics (CYTK) buyers of 1300 Jan 2028 $80 calls at $23.80 to $25.20
5/12/26 Revolution Medicines (RVMD) buyers of 2500 June 145/175 call spreads adjusting June 130 calls
5/12/26 Bloom Energy (BE) opening seller of 354 June 2027 $280 puts for $106.13
5/12/26 Valero (VLO) 375 June $250 short puts open 13.80 bids
5/12/26 Caterpillar (CAT) opening seller of 500 August $800 puts at $31 bid
5/12/26 Newmont (NEM) 2400 Sept $175 calls bought $2
5/12/26 BlackSky Tech (BKSY) 1000 June $50 calls bought 3.07 to 3.13
5/12/26 Applied Optoelectronics (AAOI) buyer 500 July $280 calls $23.80 offer with wide spreads
5/12/26 Applied Optoelectronics (AAOI) opening seller of 500 Jan $100 puts at $23
5/12/26 AXT (AXTI) opening sales of 950 July $120 puts at $30.30
5/12/26 Aehr Test Systems (AEHR) 400 Sept $75 short puts opening 15.10 to 14.40
5/12/26 Akamai (AKAM) 400 Sept $125 short puts open 7.70 bid
5/12/26 Sanmina (SANM) buyer 500 June $260 calls $10
5/12/26 Celestica (CLS) 500 Jan $650 way OTM calls bought $24.80 to $26
5/12/26 IREN Ltd (IREN) 4500 Oct $100 calls bought 5.20 as Sept adjust
5/12/26 CoreWeave (CRWV) buyer 1500 Sept $120 calls for 15.50
5/12/26 CoreWeave (CRWV) 600 March $77.5 short puts open 14.40
5/12/26 CoreWeave (CRWV) 700 Sept $92.5 short puts open $13.50
5/12/26 CoreWeave (CRWV) 300 June 2028 $105 short puts open $40.80
5/12/26 Dell (DELL) opening seller of 1000 June 5th $240 puts $22.50 bid
5/12/26 Amazon (AMZN) buyers of 1300 Jan 2028 $400 calls at $18
5/12/26 Amazon (AMZN) also 1200 June 2028 $410 calls bought $23.40
5/12/26 Nvidia (NVDA) buyers of 5000 June 5th $185 ITM calls at $37.55 to $40
5/12/26 Nvidia (NVDA) buyer of 5000 Oct $250/$280 call spreads as $210/240 adjust higher
5/12/26 Nvidia (NVDA) buyers of 20,000 June 5th (W) $215 calls for $28M
5/12/26 Google (GOOGL) 400 Jan $410 short puts open 54.55
5/12/26 Marvell Tech (MRVL) opening seller of 601 June 2027 $145 puts at $33.47
5/12/26 Micron (MU) 1400 June 5th (W) $750 calls bought for $12M
5/12/26 Micron (MU) opening seller of 6500 Jan $1000 ITM puts for $391 to $385.55
5/12/26 Intel (INTC) opening seller of 2664 March $105 puts for $23.50
5/12/26 Advanced Micro (AMD) buyers of 1400 Dec 2027 $250 deep ITM calls $243.50
5/12/26 Arm Holdings (ARM) opening sale of 800 Sept $170 puts for $14.90
5/12/26 IonQ (IONQ) buyer 400 Nov $60 calls at $13.05
5/12/26 Corning (GLW) massive buyer of 10,000 August $160 ITM calls at $49.45
5/12/26 Corning (GLW) also 300 Aug $165 puts sell to open $14.90
5/12/26 Taiwan Semi (TSM) opening sales 10,000 June 12th (W) $395 puts $17.50 to $17
5/12/26 Taiwan Semi (TSM) buyer of 3500 Jan $550 calls at $21.15
5/12/26 Taiwan Semi (TSM) buyer of 3000 June 2027 $580 calls at $29.94
5/11/26 S&P 500 ETF (SPY) 55,000 Sept 30th (Q) $825 calls buying 3.89 to 3.95
5/11/26 S&P 500 ETF (SPY) buyer 1000 Dec 2027 $880 calls 24.08
5/11/26 Nasdaq 100 ETF (QQQ) opening seller of 14,100 June $684 puts at $10.07
5/11/26 Nasdaq 100 ETF (QQQ) 3500 Sept $715 short puts opening near $35
5/11/26 Russell 2000 ETF (IWM) buyer of 4500 June 12th $287 calls at $7.46 as May $285 calls adjust
5/11/26 Semiconductors ETF (SMH) 1250 August $460 short puts open 13.10 bid
5/11/26 Semiconductors ETF (SMH) also 3000 Jan $525/$725 call spreads buying
5/11/26 Regional Banks ETF (KRE) spread sells 12,000 Sept 65 puts to buy the 70/77 call spreads
5/11/26 South Korea ETF (EWY) 10,000 August $160 short puts open for 8.80
5/11/26 Tesla (TSLA) buyer 1000 June 5th (W) $475 calls 5.19
5/11/26 Philip Morris (PM) 1500 OTM Sept 220 calls bought 1.80 offer
5/11/26 TJX (TJX) opening seller of 8500 June $135 puts at $1.05
5/11/26 Netflix (NFLX) 2500 June 2027 $72 short puts open 5.70
5/11/26 Wells Fargo (WFC) opening seller 1000 June 2027 $65 puts at $4.83
5/11/26 Insmed (INSM) Nov $130/$80 bull risk reversals open 2500X at $4 debit
5/11/26 Cytokinetics (CYTK) buyers of 5000 Jan $80 calls at $14.60 to $15
5/11/26 Constellation Energy (CEG) 400 Dec $360 calls buy 26.80 offer
5/11/26 Valero (VLO) buyer 1000 June $260 calls 8.13 adjusting some May calls
5/11/26 Rocket Lab (RKLB) buyers of 1000 Jan $150 calls at $22
5/11/25 EchoStar (SATS) buyers of 1250 Sept $200 calls at $5.40 to $5.50
5/11/26 Newmont (NEM) 450 Dec $110 short puts open $11.15
5/11/26 Innodata (INOD) seller 675 July 95 puts to open 11.30
5/11/26 Zoom (ZM) opening sale 600 Jan $120 puts $23.45
5/11/26 Nokia (NOK) 15,000 July $16 calls buying up to 0.85
5/11/26 Apple (AAPL) 12,000 Sept $350 calls buying $2.89 to $3.04
5/11/26 Dell (DELL) 700 Sept $390 calls bought $11
5/11/26 Google (GOOG) massive opening sale 6000 July $380 puts $14.60 to $14
5/11/26 Oracle (ORCL) 1100 Nov $190 short puts opens 29.65
5/11/26 Intel (INTC) opening sale 1000 June $120 puts at $11.45 to $11
5/11/26 Cisco (CSCO) buyers of 2900 Sept $97.50 calls at $8.90 to $9.20
5/11/26 Vertiv (VRT) buyers 300 March $360 calls at $95.to $96
5/11/26 Bandwidth (BAND) June $60 calls with buyers 2500X
5/11/26 CoreWeave (CRWV) buyers of 500 June 26th $115 calls at $15.50
5/11/26 CoreWeave (CRWV) also some opening sales of 400 June 2027 $190 calls 23.10
5/11/26 Nvidia (NVDA) buyer 5000 June 12th (W) $225 calls $10.80
5/11/26 Nvidia (NVDA) 3000 June 2028 $220 short puts open 47.14
5/11/26 Lam Research (LRCX) 350 Jan $400 puts sell to open $127
5/11/26 MKS Instruments (MKSI) 500 Dec $340 calls are bought for $55
5/11/26 Advanced Micro (AMD) 1500 Nov 550/650 call spread bought
5/11/26 Lattice Semi (LSCC) buyer 1500 June $135/$150 call spreads
5/11/26 Texas Instruments (TXN) opening seller 500 Jan $260 puts at $23.50
5/11/26 Marvell Tech (MRVL) buyer 2500 Nov $250 calls for $18
5/11/26 Silicon Motion (SIMO) buyers of 1200 June $340 calls at $7 to $9.80
5/11/26 Coherent (COHR) 1000 June $400 short puts open $70.40 to $68
5/11/26 Micron (MU) 12,789 June $620 short puts open $25