Topics covered:
1) 0:00 Announcements
2) 0:40 Market Commentary and Index Review
3) 10:25 Stock Review – Aerospace/Defense: UFO (ETF), RKLB, ASTS, VSAT, RDW
4) 12:30 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, VECO, MRVL, UCTT, AEHR, TSEM, ON, CRDO, MTSI, Q, MU, STX, WDC, SNDK
5) 17:10 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, GLW, JBL, VRT, AAOI, MOD, CLS, TTMI, POWL, BE, HUT, SIMO, FLEX
6) 20:00 Stock Review – Biotech/Medical: XBI (ETF), EWTX, IMVT, ARWR, GH, LQDA, VCYT, AXSM
7) 21:30 Stock Review – Others/General Ideas/Commentary: MPC, HNGE, UNFI, DELL, NBIS, CRWV, IREN, ALAB, SPHR, DOCN, FROG, GOOGL
8) 24:55 Conclusion/Summary

Market Summary:
Friday, June 5th was one of the worst days for growth stocks in a long time. The Semiconductor ETFs were down about -10%, ARKK -7%, and FFTY -7.5%. In recent videos, I’ve been reminding members of my fourth guideline during powertrends, which is to manage your trades. This not only means to manage risk on the downside, but also to take profits on the upside, especially when you have gains of 100% or more. In fairness, I wasn’t expecting weakness until the second half of June, but as always, the market doesn’t care what we want.

Many are asking WHY this severe drop happened. As members know, I never really care about the why, but I discuss several factors in this video. This includes: 1) Many people had excessive stock gains recently and we saw profit-taking last week. 2) The major indexes visit their 50-day moving average approximately every three months. 3) June 1 and June 2 were “stall” days showing that possibly the buyers were running out of steam (again, everything is so clear in hindsight). 4) In the third month of the quarter, the news cycle tends to shift from fundamentals to geopolitical concerns and/or interest rate worries. 5) The strong Jobs Report on Friday led to markets showing that the next move by the Fed will likely be an interest rate hike.

From here, I’m expecting a visit to the 50-day moving average for the major indexes over the next few weeks. It doesn’t necessarily have to be straight down. We could recover over the next week or so and then eventually drop later this month. Either way, I’m going to remain defensive until we get more clarity. I want to remind members that defensive doesn’t mean bearish. It simply means using lighter positions and keeping some cash until we see how many stocks react around key levels. You can read additional notes in the Market Note to Members that was emailed on 6/9/26. It is also posted on the website. If you have any questions, you can ask them during the next LIVE webinar, which will be this Saturday, June 13th at 11AM EST. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
6/10/26 Nasdaq 100 ETF (QQQ) 3000 July 24th (W) $675 puts sold to open $16.88
6/10/26 S&P MidCap ETF (IJH) 3500 Nov 70 calls open 6.97 adjusting Aug 68
6/10/26 Housing ETF (ITB) 1300 Jan 2028 $80 short puts open 7.35
6/10/26 Ark Innovation ETF (ARKK) buyer 6650 July $75 calls 4.60 adjusts June 70
6/10/26 Silver ETF (SLV) 3000 Nov $50 short puts open 2.82
6/10/26 Costco (COST) opening sales of 330 Oct $995 ITM puts at $58
6/10/26 Mondelez (MDLZ) buyers in Jan $72.5 calls 3000X near 2.20
6/10/26 Colgate (CL) 3000 Jan $100 calls buy $3.60 offer
6/10/26 Hershey (HSY) buyers 1150 Jan $210 calls $7.20
6/10/26 Disney (DIS) notable opening sale 1000 Oct $100 puts $6.80
6/10/26 JP Morgan (JPM) 900 Oct 265 short puts trade 5.7
6/10/26 Bank America (BAC) 3000 Oct $60 calls buy 1.80
6/10/26 Visa (V) 500 Nov $295 short puts open $10.75
6/10/26 Bristol Myers (BMY) opening sales of 3000 June 2027 $50 puts at $3.90 to $3.78
6/10/26 Axsome Therapeutics (AXSM) 200 Dec 200/220 bull risk reversals open for 2.57 debit
6/10/26 Caterpillar (CAT) 1250 Sept $760 puts sold 36.50
6/10/26 Newmont (NEM) 1000 Jan 2028 $70 short puts open 7.3
6/10/26 Carrier Global (CARR) 3000 Jan $87.50 calls bought $3.80 to $4.10
6/10/26 GE Vernova (GEV) 600 Jan $1300 calls buying $40 to $41.3
6/10/26 Rocket Lab (RKLB) 4000 July 140 calls bought 5.10 to 5.15
6/10/26 Rocket Lab (RKLB) also with 3100 Oct 105 short puts opening 22.80 to 22.55
6/10/26 Intuitive Machine (LUNR) large opening sale 3000 Sept $25 puts 5.16
6/10/26 Howmet Aerospace (HWM) 2000 July $220 short puts open $2
6/10/26 Iridium Communications (IRDM) buyer 2000 July $50 calls 3.35 adjusts June 45
6/10/26 HP Enterprise (HPE) buyer 1000 July 46 calls 3.8
6/10/26 Cisco (CSCO) 625 Jan $115 short puts open 12.3
6/10/26 Nokia (NOK) 2000 Nov 11 short puts open 1.44
6/10/26 Datadog (DDOG) buyers of 750 Aug $190 ITM calls at $54 to $56
6/10/26 Vertiv (VRT) 3960 July 24th (W) $205 short puts open 2.28
6/10/26 Vertiv (VRT) opening sale 1000 Sept $210 puts for 11.56
6/10/26 CoreWeave (CRWV) buyers of 3500 Oct $105 calls at $17.50 offer
6/10/26 Amphenol (APH) July $180 calls with buyers 1950X
6/10/26 Apple (AAPL) 1000 Feb $290 calls bought $30.35 with Jan adjusting
6/10/26 Marvell Tech (MRVL) opening sale 1250 Dec $140 puts at $12.09
6/10/26 Marvell Tech (MRVL) 1500 Sept $240 puts sell to open $41.80
6/10/26 Marvell Tech (MRVL) 3000 Aug $220 short puts open $23.95
6/10/26 Arm Holdings (ARM) 400 Dec $190 short puts open for $18
6/10/26 Microchip (MCHP) buyer of 2500 Sept $105 calls at $7.30 as July $110 adjust
6/10/26 Applied Materials (AMAT) opening seller of 250 Jan $680 ITM puts at $210.40 bid
6/10/26 Lam Research (LRCX) 1000 Sept $300 short puts open 36.95
6/10/26 Corning (GLW) buyer 600 Nov 190/220 call spreads
6/10/26 Western Digital (WDC) 1000 July $460 short puts open 33.5
6/9/26 S&P 500 ETF (SPY) Jan $835 calls bought 4000X adjusting the $815 strike
6/9/26 S&P 500 ETF (SPY) buyer 3000 Oct $790 calls 7.10
6/9/26 S&P 500 ETF (SPY) buyers in Nov $810 OTM calls 2500X
6/9/26 S&P Equal Weight ETF (RSP) ITM Sept $220 short puts opening 2000X for $2.7M
6/9/26 Nasdaq 100 ETF (QQQ) sizable opening sale 2000 Oct $690 puts for $35.06
6/9/26 Teck ETF (TECK) 3050 Sept $60 and $65 calls buying with June 55 adjustments
6/9/26 Semiconductors ETF (SOXX) size buy 1700 July $580 calls 47.4
6/9/26 Semiconductors ETF (SOXX) buyer 1300 Dec 2027 $525 ITM calls at $162
6/9/26 Treasury ETF (TLT) buyer 11,500 Oct. $88 calls at 1.09
6/9/26 Blackrock (BLK) 100 Sept $1030 ITM short puts opening $80.90
6/9/26 Revolution Medicines (RVMD) buyers of 5000 July $155 calls at $7.85 as June $150 adjust
6/9/26 Tarsus Pharma (TARS) opening seller 1100 July $57.50 puts $3.03 a June $60 adjust
6/9/26 Abivax (ABVX) 350 Dec $65 short puts open for $6
6/9/26 Summit Therapeutics (SMMT) opening seller of 1500 Jan $10 puts at $1.90
6/9/26 Devon Energy (DVN) buyer 15,000 August $47.5/$57.5 call spreads adjusting Aug 52.5/60
6/9/26 Expand Energy (EXE) 30,000 Sept $80 short puts opening 2.47 adjusting June 90
6/9/26 Williams Cos. (WMB) 17K July $65 short puts open 0.55
6/9/26 Newmont (NEM) 500 Jan 2028 $75 short puts open for 8.57
6/9/26 Cameco (CCJ) with 14,800 August $75 short puts opening 1.22
6/9/26 Rocket Lab (RKLB) 4000 July $130 short puts opens 29.25 deep ITM and 2500 August $100 short puts 15.75
6/9/26 AST SpaceMobile (ASTS) opening sales 1400 Jan $75 puts $19
6/9/26 Powell Industries (POWL) opening sale 500 July 240 puts 10.10
6/9/26 Google (GOOGL) buyer 2000 Dec 2027 $405 calls $62.30
6/9/26 Microsoft (MSFT) 10,000 July $420 short puts opening $20.30
6/9/26 Crowdstrike (CRWD) opening sale 250 Dec $680 puts at $116.90
6/9/26 DigitalOcean (DOCN) 300 Oct $170 puts sell to open $38.80
6/9/26 Dell (DELL) size opening sale 750 ITM Jan $400 puts for $101.1
6/9/26 HP Enterprise (HPE) 1700 Jan $46 short puts open 8.85
6/9/26 Veeco Instruments (VECO) buyers of Dec 75/95 bull call spreads 600X
6/9/26 Applied Digital (APLD) buyers of 1850 Jan $75 calls $8 to $8.50
6/9/26 CoreWeave (CRWV) sellers of 5500 July $100 puts
6/9/26 CoreWeave (CRWV) 1000 June 2027 $90 short puts open 25.15
6/9/26 CoreWeave (CRWV) 1750 Dec 2028 $150 ITM puts sold to open $80
6/9/26 Nvidia (NVDA) buyer of 45,000 Oct 220 calls adjusting back $230 calls
6/9/26 Broadcom (AVGO) buyer of 550 Dec 2027 $700 calls at $44.75 and sells 550 of the $300 puts at $39.90
6/9/26 STMicroelectronics (STM) 850 August $90 calls bought
6/9/26 Qualcomm (QCOM) 1200 June 26th (W) $200 calls bought $23 to $24
6/9/26 Marvell Tech (MRVL) 800 August $250 short puts open $34.95
6/9/26 Arm Holdings (ARM) 500 Oct $195 short puts open 14.10
6/9/26 Applied Optoelectronics (AAOI) July $220 calls being bought $19.68 to $21.90
6/9/26 Applied Optoelectronics (AAOI) 350 Jan $340 deep ITM puts sell to open $198.55
6/9/26 Coherent (COHR) buyer 500 Oct 450/550 call spreads
6/9/26 Taiwan Semi (TSM) large buy of 17K July $400 calls at $37.05 as June adjust
6/8/26 Nasdaq 100 ETF (QQQ) buyers 2000 Aug 31st (W) $742 calls $24.25 average price
6/8/26 Nasdaq 100 ETF (QQQ) March 860/960 call ratios bought 2000X4000
6/8/26 Semiconductors ETF (SMH) opening seller of 2000 June 2027 $450 puts $40.65
6/8/26 Brazil ETF (EWZ) 10,000 July $34 short puts open 1.41
6/8/26 Gold ETF (GLD) 4000 July $395 calls bought $14.80
6/8/26 Silver ETF (SLV) 2000 July 10th (W) $62.5 short puts open 3.25 bid
6/8/26 Tesla (TSLA) 1500 July 10th $400 short puts sell for $21.50 to $19.90
6/8/26 Citigroup (C) March spreads selling $110 puts to buy $135/$150 call spreads 895X
6/8/26 Chevron (CVX) opening seller of 500 Dec 2028 $175 puts at $22.80
6/8/26 Expand Energy (EXE) ITM Oct $100 short puts opening 12.30 to 12
6/8/26 Cytokinetics (CYTK) bull spreads in August selling 1250 $60 puts and buying $75/$100 call spreads
6/8/26 Abivax (ABVX) 3750 Jan 2028 $60 short puts open 11.30
6/8/26 Newmont (NEM) 1300 Dec 80 short puts open 4.55
6/8/26 Vertiv (VRT) 3770 July $210 short puts open 1.69
6/8/26 Google (GOOGL) large buys of 1900 Dec 2027 $425 calls at $54.10 offer
6/8/26 Amazon (AMZN) 650 Jan 2028 $300 ITM puts sold to open 72.45
6/8/26 Microsoft (MSFT) 20K August $460 calls bought adjusting July 475
6/8/26 Oracle (ORCL) opening seller 400 June 2027 $195 puts $37.85
6/8/26 Snowflake (SNOW) large ITM put sale with 600 Dec. $270 for $59
6/8/26 Cloudflare (NET) buyer of 1000 Jan 2028 $400 calls with Jan $290 adjusting a 5/28 winner
6/8/26 JFrog (FROG) buyers 1700 Sept $75 calls at $20.20
6/8/26 CoreWeave (CRWV) 300 June 2027 $85 puts sell to open $22.30
6/8/26 Nvidia (NVDA) buyers in July 2nd (W) $205 calls 12,000X for $13M
6/8/26 Intel (INTC) 1500 Dec 2028 $65 puts sell to open $16.33 to $16.20
6/8/26 STMicroelectronics (STM) buyers of 400 Jan 2028 $100 calls at $21.40 to $22
6/8/26 STMicroelectronics (STM) buyers 2000 June 26th (W) 84 calls
6/8/26 Arm Holdings (ARM) 1200 July $420 calls buying $23.80 to $26
6/8/26 Lam Research (LRCX) 700 Jan 2028 $230 ITM calls buy $152 to $153
6/8/26 Qualcomm (QCOM) with 5000 July $175 short puts opening 5.83
6/8/26 Celestica (CLS) opening sales 550 July 10th $355 puts at $22.20
6/8/26 Corning (GLW) spread sold 1575 Sept $150 puts and bought 1050 of the $195/$260 call spreads
6/8/26 nLIGHT (LASR) large opening sale 7500 Dec $40 short puts for 5.10
6/8/26 Seagate (STX) 800 Sept $860 short puts opening $146.20