Topics covered:
1) 0:00 Announcements
2) 1:00 Market Commentary and Index Review
3) 14:00 Stock Review – Aerospace/Defense: UFO (ETF), RKLB, PL, BKSY, ASTS, VSAT, SATL, LUNR, SATS, FLY
4) 24:30 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, UCTT, AEHR, TSEM, ON, CRDO, MTSI, Q, MU, STX, WDC, SNDK
5) 31:00 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, GLW, JBL, VRT, GEV, CIEN, AAOI, AXTI, MOD, CLS, TTMI, LASR, POWL, BE, HUT, SIMO
6) 34:30 Stock Review – Biotech/Medical: XBI (ETF), EWTX, IMVT, ARWR, SYRE, RVMD
7) 36:20 Stock Review – Others/General Ideas/Commentary: OIH (ETF), MPC, HNGE, DELL, NBIS, CRWV, IREN, ALAB, SPHR, AMBQ, DOCN, GOOGL, REMX (ETF)
8) 39:55 Stocks Near Buyable Ranges: HUT, AVGO, TSM
9) 42:35 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 continuing to support 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.
As I discussed in recent videos, over the past 10 days or so, we’ve seen a minor consolidation. Overall, while going through my screens, the price action in growth stocks is so strong that it makes me think we can continue higher (with minimal downside) into the June OpEx and into the SpaceX IPO. As always, I will take this day-by-day but I’m not going to overcomplicate things or overthink things right now. Keep it simple!
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 enjoy the rest of your long holiday weekend.
Unusual Options Activity:
5/22/26 S&P 500 ETF (SPY) buyer of 4800 August $830 calls at $1.52 to $1.58 offer
5/22/26 S&P 500 ETF (SPY) also buyers of 2900 Nov $875 calls at $2.48 offer
5/22/26 Nasdaq 100 ETF (QQQ) buyer 5600 July 31st (W) $775 calls for $7.83
5/22/26 Russell 2000 ETF (IWM) 20,000 May 29th $290 calls bought at $1.17
5/22/26 Russell 2000 ETF (IWM) also 3000 June 5th $287 calls bought $3.65
5/22/26 Ark Innovation ETF (ARKK) Sept $76 puts sell to open 3000X at $6.35 bid
5/22/26 Software ETF (IGV) 2679 June 2027 $85 puts sell to open $8.00
5/22/26 Silver ETF (SLV) 3000 August $61 short puts open for 2.89
5/22/26 Tesla (TSLA) buyers of 4000 July 2nd $425 calls at $27.68 to $29 in large lots
5/22/26 Tesla (TSLA) also buyer of 4000 June 26th $485 calls at $7.54 as June 5th $500 calls adjust
5/22/26 Phillip Morris (PM) 875 Nov 165 short puts opening 6.30 bids
5/22/26 Berkshire Hathaway (BRK.B) large opening seller 2000 August $480 puts 12.72 to 12.25
5/22/26 JP Morgan (JPM) 500 Dec 2028 $270 puts sold to open $29.25
5/22/26 Visa (V) buyer 2700 August $345 calls at $9.73 as July $340 adjust
5/22/26 Merck (MRK) buyer 600 March $145 OTM calls 5.30
5/22/26 Bristol Myers (BMY) 3500 Dec 50 short puts opening 1.83
5/22/26 Insmed (INSM) opening seller of 350 Jan 2028 $115 puts at $31.40 to $31.10
5/22/26 Revolution Medicines (RVMD) 2500 June $160/$185 call spreads bought as the $145/$175 spreads adjust
5/22/26 Constellation Energy (CEG) opening sales of 450 August $290 puts at $26.30 bid
5/22/26 Peabody Energy (BTU) opening sellers of 2000 June $24 puts at $1.41
5/22/26 Williams Cos. (WMB) 5000 June $72 puts sell to open 0.43
5/22/26 Uranium Energy (UEC) 1500 Jan $13 puts sold to open for 3.11
5/22/26 Rocket Lab (RKLB) buyers 1100 OTM July $175 calls up to 9.80
5/22/26 Firefly Aerospace (FLY) buyers of Sept 45 calls ITM 600X for $700K
5/22/26 Intuitive Machines (LUNR) 1500 max strike Jan $55 calls buying $8.50 offers
5/22/26 AST SpaceMobile (ASTS) buyers 2800 June $105 calls at $12.95
5/22/26 FTAI Aviation (FTAI) buyer 1200 June $270 calls for 11.70
5/22/26 Nokia (NOK) 10,000 July $17 and $16 puts each selling to open
5/22/26 Nokia (NOK) buyers of 5000 Jan 2028 $27 calls for $3.05 to $3.35
5/22/26 Cisco (CSCO) 1050 Jan 2028 $120 calls bought for $2.5M
5/22/26 Dell (DELL) 1000 Aug $300 calls buy at $40.55
5/22/26 Apple (AAPL) size opening put sales again with 9400 Feb $270 for 10.25
5/22/26 Apple (AAPL) buyers of 3500 June $312.50 calls at $6 offer
5/22/26 Nebius Group (NBIS) 350 Jan $330 ITM short puts open at $149.70 bid
5/22/26 IREN (IREN) 1500 Jan $47 puts sell to open $11.56
5/22/26 Palo Alto (PANW) buyer 300 Dec 2027 $420 calls 24.75, reports 6-2
5/22/26 Nvidia (NVDA) size opening sale 5000 Sept $215 puts for 18.11
5/22/26 Nvidia (NVDA) 2000 Sept 2027 $180 short puts open $21
5/22/26 Qualcomm (QCOM) buyers of 500 July 2nd $240 calls at $17.70 to $20.80
5/22/26 Qualcomm (QCOM) 1000 July $260 ITM puts sell to open $49.50
5/22/26 Texas Instruments (TXN) 3600 August 220 short puts open 2.90
5/22/26 TTM Tech (TTMI) 2500 July $200 calls buy 22.05 offers with June 170 adjusting
5/22/26 Arm Holdings (ARM) buyers of 1200 Sept $360 calls at $44.80
5/22/26 On Semi (ON) opening sellers of 3000 July $120 ITM puts at $14 to $13.70 bids
5/22/26 On Semi (ON) opening sales 2000 August 2027 $90 puts at $15.65
5/22/26 Astera Labs (ALAB) buyer 3000 Sept 350/400 call spreads
5/22/26 Applied Optoelectronics (AAOI) buyer of 400 Dec $350 calls at $33.60
5/22/26 Corning (GLW) with 162 March $175 short puts open at $35.82
5/22/26 D-Wave Quantum (QBTS) 1500 Oct $35 calls buy 5.55 to 6.05
5/22/26 Infleqtion (INFQ) 1750 OTM Jan $40 calls buy $3.20
5/21/26 S&P 500 ETF (SPY) afternoon buyers of 8000 August $805 calls $3.39 offers
5/21/26 Nasdaq 100 ETF (QQQ) 1500 June 5th (W) $711 ITM puts sell to open $11.56
5/21/26 Gold Miners ETF (GDX) size opening sale 2000 Dec 2028 $95 ITM puts for $24.57
5/21/26 Silver ETF (SLV) opening sales of 1000 Dec 31st $67.50 puts at $9.60 bid
5/21/26 Walmart (WMT) opening sales of 12,000 July $110 puts at $1.18
5/21/26 Walmart (WMT) 2000 Jan 2028 $105 short puts open for 7.50
5/21/26 Eli Lilly (LLY) buyers of 3000 June $1200 calls
5/21/26 BridgeBio (BBIO) 1000 June $72.50 calls buy $2.40 as $70 calls adjust
5/21/26 Bloom Energy (BE) 1100 July $310 calls buying $53.50
5/21/26 Bloom Energy (BE) 1400 June $310 calls bought $35.62 to $38.13
5/21/26 Peabody Energy (BTU) 9000 June $24 calls buy 1.25 to 1.60
5/21/26 Expand Energy (EXE) buyer 1000 Jan 110 calls 6.70
5/21/26 Vistra (VST) buyer 10,000 July $175 calls 3.55 as $165 adjust
5/21/26 Cameco (CCJ) 11,250 July $80 short puts open 1.11
5/21/26 Deere (DE) 1445 July $460 short puts open 5.15
5/21/26 AST SpaceMobile (ASTS) buyers of 2700 Sept $110 calls at $18.40
5/21/26 EchoStar (SATS) 2600 Sept $170/$120 bull r/r opening at net credit of $4.60
5/21/26 Zoom (ZM) opening sales of 3000 June $99 puts at $6.90 to $6.60
5/21/26 Alibaba (BABA) 10,000 July $140 calls buy $4.07 as June adjust
5/21/26 Amazon (AMZN) 2500 July $260 puts selling 10.10 bids
5/21/26 Apple (AAPL) large opening sale 4000 Sept $290 puts for 10.05
5/21/26 Cisco (CSCO) 1500 August $110 short puts open 5.60 bid
5/21/26 Google (GOOG) 400 Nov $330 short puts open 15.20 bids
5/21/26 Vertiv (VRT) opening sale 4375 June 26th (W) $245 puts 2.28
5/21/26 Vertiv (VRT) 250 Nov $250 short puts open $23.80
5/21/26 Honeywell (HON) 600 August $200 short puts open 4.60
5/21/26 IonQ (IONQ) 500 March $45 ITM calls buy $25.80
5/21/26 Intel (INTC) 4500 July $105 puts sold to open $8.45
5/21/26 Arm Holdings ADR (ARM) 6000 August $250 calls buy at $64.60 offer
5/21/26 GlobalFoundries (GFS) buyers of 1800 June $80 calls $5.40 as the $75 calls adjust
5/21/26 Semtech (SMTC) buyer of 500 July $145 calls $25
5/21/26 ST Micro (STM) 500 Nov $80 calls bought $7.95 to $8
5/21/26 Applied Materials (AMAT) buyers 1000 July $430 calls at $36.65
5/21/26 Nebius Group (NBIS) Jan 2028 250/350 call spreads trading 3000X
5/21/26 CoreWeave (CRWV) 1100 June 2028 $145/$175 call spreads bought
5/21/26 Applied Optoelectronics (AAOI) 300 June 26th (W) $190 calls bought for $700K
5/21/26 Aehr Test Systems (AEHR) 925 Sept $80 puts being sold to open $20.90 bids
5/21/26 nLIGHT (LASR) buyer of 300 Sept $90 calls $12.90 offer
5/21/26 Taiwan Semi (TSM) buyer 1000 June $405 calls for $18.50