Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review
3) 7:25 Stock Review – Aerospace/Defense: UFO (ETF), RKLB, PL, BKSY, ASTS, VSAT, SATL, LUNR, SATS, FLY, RDW
4) 11:55 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, UCTT, AOSL, AEHR, TSEM, ON, CRDO, MTSI, Q, MU, STX, WDC, SNDK
5) 18:35 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, GLW, JBL, VRT, GEV, CIEN, AAOI, AXTI, MOD, CLS, TTMI, LASR, POWL, BE, HUT, SIMO, FLEX
6) 23:15 Stock Review – Biotech/Medical: XBI (ETF), EWTX, MLYS, IMVT, ARWR, GH
7) 27:30 Stock Review – Others/General Ideas/Commentary: OIH (ETF), MPC, HNGE, DELL, NBIS, CRWV, IREN, ALAB, SPHR, AMBQ, IONQ, INOD, DOCN, GOOGL, REMX (ETF)
8) 32:40 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 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 two weeks 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. If you have any questions, you can ask them during the next LIVE webinar which will be this Monday, June 1 at 7PM EST. Thank you and enjoy the rest of your weekend.
Unusual Options Activity:
5/29/26 S&P 500 ETF (SPY) 2500 March $780 calls adjusting up to the $790 strike
5/29/26 Nasdaq 100 ETF (QQQ) 5000 each Sept $730 and $755 calls bought for $40M combined
5/29/26 Ark Innovation ETF (ARKK) 3500 Jan 80 short puts open 9.65
5/29/26 Software ETF (IGV) 6K July 110 calls bought 1.65
5/29/26 Software ETF (IGV) also opening seller of 1925 June 2027 $91 puts at $8.85
5/29/26 Biotech ETF (XBI) opening seller of 1500 June 2027 $120 puts at $8.46
5/29/26 Healthcare ETF (XLV) 10K July $153 calls buy 2.27
5/29/26 Treasury ETF (TLT) 2250 May 2027 $82 short puts open 2.33
5/29/26 Energy ETF (XLE) buyers of 4200 August $59 calls and 10,000 Sept $60 calls
5/29/26 Taiwan ETF (EWT) bull flow again with 3500 July 110/120 call spreads bought
5/29/26 Blackstone (BX) 2000 Jan $145 calls buying $5.20 to $5.60
5/29/26 KKR (KKR) 2000 Jan $120 calls buying $4.70 to $5.30
5/29/26 Schwab (SCHW) 3000 July $92.5 short puts open ITM 6.75 to 6.70
5/29/26 Visa (V) spread selling 700 August $320 puts to buy $340/$370 call spreads
5/29/26 Chevron (CVX) opening seller 5000 August $170 puts at $4.62
5/29/26 Repligen (RGEN) opening seller of 1038 Nov $110 puts at $10.74
5/29/26 GE Aerospace (GE) buyer of 345 Jan 2028 $330/$420 call spreads
5/29/26 Redwire (RDW) buyer of 3000 June $28 calls 2.35 to 2.45
5/29/26 Newmont (NEM) buyer of 2000 Sept $145 calls at $2.95 offer
5/29/26 Kinross Gold (KGC) buyers of 2400 July $31 calls at $1.86 offers
5/29/26 Cameco (CCJ) opening seller of 7000 June 26th $90 puts at $0.62
5/29/26 Baidu (BIDU) buyer of 3150 Jan $175 calls for $3.8M
5/29/26 Microsoft (MSFT) 10,000 Dec $520 calls bought $16.50 to $18
5/29/26 Microsoft (MSFT) over 13K June 26th $495 calls bought $1.72 to $2.60 as June $470 calls adjust
5/29/26 Snowflake (SNOW) 700 Jan $400 calls bought at $16.20
5/29/26 Palo Alto (PANW) buyers of 700 Jan $325 calls at $25.30 to $26.55
5/29/26 Crowdstrike (CRWD) buyers of 500 July $750 calls at $54.60
5/29/26 Okta (OKTA) opening sale 1709 Jan 2028 $42.50 puts $2.80
5/29/26 Vertiv (VRT) 640 July $310 calls buy 31.80 offer
5/29/26 Cisco (CSCO) opening seller of 950 June 2027 $100 puts at $9.30
5/29/26 Cisco (CSCO) 2200 Jan 2028 $100 short puts open $12.90
5/29/26 Cisco (CSCO) opening seller of 2000 August $110 puts at $4.75
5/29/26 HP Enterprise (HPE) 750 Jan $55 calls buy $6.25
5/29/26 Apple (AAPL) August $345 calls with 65,000 being bought as $320 strike adjust
5/29/26 Google (GOOG) 1000 June 26th (W) $380 short puts open at $12.15
5/29/26 Google (GOOGL) 6000 July 2nd (W) $380 short puts opening 11.60
5/29/26 Google (GOOGL) opening sale 1600 Oct $320 puts at $8.33 as July $260 short puts adjust
5/29/26 Nvidia (NVDA) opening sellers of 1800 Dec $217 puts at $26.35 bids
5/29/26 Intel (INTC) buyer 10,000 August $140 calls $12.70 look to be adjusting 150
5/29/26 Texas Instruments (TXN) buyer of 2200 Jan $360 calls at $32.50
5/29/26 Innodata (INOD) opening sellers of 2000 July $110 puts $16.70
5/29/26 Amphenol (APH) Nov $140 calls adjust 1000X to $160 strike
5/29/26 MaxLinear (MXL) buyers 1200 Sept $85 calls for $3.35M
5/29/26 AXT (AXTI) buyers of 2000 July $95 ITM calls at $26 to $27
5/29/26 Viavi Solutions (VIAV) buyer 600 Sept $65 calls 4.70
5/29/26 Lumentum (LITE) opening sellers of 300 August $820 puts at $133.89
5/29/26 Micron (MU) 1250 Sept $740 ITM calls buy $307.15 as $600 deep ITM calls adjust
5/28/26 S&P 500 ETF (SPY) seeing 1600 Sept 30th (Q) $725 short puts open
5/28/26 S&P 500 ETF (SPY) opening seller 1000 Sept $765 ITM puts at $28
5/28/26 Nasdaq 100 ETF (QQQ) 10,000 June $745 calls bought $7.58 as June 5th (W) 710 adjust
5/28/26 Nasdaq 100 ETF (QQQ) 2000 June 26th (W) $700 short puts open at 6.70
5/28/26 Nasdaq 100 ETF (QQQ) 1500 July $718 puts sell to open $14.70
5/28/26 Space ETF (UFO) buyer of 1000 Sept 80 calls 5.40
5/28/26 Gold ETF (GLD) seeing 1K August $425 calls buy 11 to 11.20
5/28/26 Silver ETF (SLV) 1000 Sept 2027 $55 short puts open $6.05
5/28/26 Uranium ETF (URA) 3500 Jan 2028 $42 short puts open $7.50
5/28/26 Burlington Stores (BURL) 8000 July $260 short puts open 2.45 to 2.40
5/28/26 WingStop (WING) size opening sale 350 Jan 2028 $150 puts for $48.30
5/28/26 Goldman Sachs (GS) opening sale 350 July $950 puts at $28.15
5/28/26 Bloom Energy (BE) buyers of 1900 August $380 calls at $38 to $39
5/28/26 Schlumberger (SLB) 1250 each Nov and Dec $47.50 short puts opening
5/28/26 Amgen (AMGN) 1050 Sept $330 short puts opening 17.83 as June $340 adjust
5/28/26 Mineralys Therapeutics (MLYs) buyer of 1000 July 35/40 call spreads
5/28/26 AST SpaceMobile (ASTS) buyers 1500 Sept $130 calls 34.25 to 34.90
5/28/26 Nokia (NOK) buyers of 12,000 Aug $15 calls at $2.56
5/28/26 Zoom (ZM) 450 June 2027 $97.5 short puts open $17.55
5/28/26 Microsoft (MSFT) buyer 7500 Dec 2027 $610/$720 call spreads
5/28/26 Palantir (PLTR) June 5th (W) $138/$142 call spreads bought 8500X
5/28/26 Unity Software (U) buyers of 1200 Nov $40 calls at $2.80
5/28/26 Cloudflare (NET) buyer of 2000 Jan $290 calls at $26.65
5/28/26 Snowflake (SNOW) buyer of 1300 July $290 calls at $7.20 offer
5/28/26 Nano Nuclear (NNE) aggressive buyer 1000 July $27 calls $4.20 offer
5/28/26 D-Wave Quantum (QBTS) 2850 Sept $25 short puts open 4.45 to 4.40
5/28/26 GE Vernova (GEV) 700 July $900 puts sell to open $29.70
5/28/26 Vertiv (VRT) 3315 July 2nd (W) $235 puts sold to open 2.38
5/28/26 Cisco (CSCO) buyers of 2500 Sept $120/$150 call spreads
5/28/26 Qnity Electronics (Q) 390 Feb $145 calls bought for $1.55M adjusting some June $120
5/28/26 Marvell Tech (MRVL) 700 Sept 220 short puts open 44.16
5/28/26 Arm Holdings (ARM) 1000 June 5th (W) $310 short puts open $9.30
5/28/26 Arm Holdings (ARM) buyer of 2920 July $480 calls 13.80
5/28/26 Intel (INTC) buyer of 1200 Dec 2027 $150 calls at $35.90
5/28/26 Innodata (INOD) buyer 500 July 125 calls 5.70
5/28/26 AXT (AXTI) buyer 350 Jan 2028 $200 calls at $59
5/28/26 Flex (FLEX) buyers of 440 Oct $210 calls at $10.70 to $10.80
5/28/26 Flex (FLEX) also some buyers in 2500x June $180 calls $1.90 to $2.15
5/28/26 Alpha and Omega (AOSL) 1500 July 70 calls bought
5/28/26 Amphenol (APH) buyers of 1900 August $200 calls at $2.75 to $3.10
5/28/26 Western Digital (WDC) 300 Jan $490 short puts open for $3.2M
5/28/26 Micron (MU) 2000 July $690 short puts open 31.70
5/28/26 Micron (MU) buyers of 1000 Nov $1400/$1910 far OTM call spreads
5/28/26 Micron (MU) 1400 Jan $1450/$1910 call spreads bought
5/28/26 Micron (MU) opening seller of 1800 Oct $360 way OTM puts at $8.10