Topics covered:
1) 0:00 Announcements
2) 0:35 Market Commentary and Index Review
3) 6:40 Stock Review – Aerospace/Defense: XAR (ETF), SPCX, RKLB, VSAT, GE, HWM, WWD
4) 10:00 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, MRVL, CRDO, MU, STX, WDC, SNDK
5) 13:40 Stock Review – Electronic/Energy/Data Center related: ANET, GLW, VRT, BE, GEV, SIMO, FLEX, CLS, ATI
6) 16:00 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), LLY, JAZZ, EWTX, IMVT, ARWR, RYTM, GH, NTRA, BLLN, ARKG (ETF), LQDA, URGN, VCYT, AXSM, PCVX
7) 20:20 Stock Review – Others/General Ideas/Commentary: URI, CGNX, HNGE, DELL, WYFI, ALAB, SPHR, FROG, CRWD, SNOW, TWLO, NET, GOOGL
8) 23:55 Conclusion/Summary

Market Summary:
The best way to summarize my thoughts right now: Defensive until I get a clearer picture. For members who have been with me for a while, you know my process is to be VERY open-minded when reviewing the positives and negatives in the market and then adjusting my investment levels accordingly. In this video, I review the POSITIVES: 1) The S&P 500 is still above its 50-day moving average. 2) There are still many growth stocks acting well (and I review them in this video). 3) The strong seasonality that we tend to see during the first two weeks of July. 4) I like how NVDA and AVGO are holding their respective 200-day MAs. 5) The overall resilience of the market. I also review the NEGATIVES: 1) 7 distribution days in the past 15 trading days for the Nasdaq Composite. 2) The Nasdaq is slightly below its 50-day. 3) Many growth stocks broke down last week and I removed them from the watch list.

Conclusion: Defense until we see better price action. I could make a case for the market to make new highs in the next 3-6 weeks. I could also make a case for the Nasdaq Comp to retest 24,000. In my view, when the picture isn’t clear, I prefer to be patient. As always, manage your trades, your position sizes, and your investment levels as best as possible based on your timeframe and risk tolerance. I can give guidelines, but ultimately, you need to make decisions on what’s best for your overall investment plan. If you have any questions, you can ask them during the next LIVE webinar, which will be this Saturday, July 11 at 11AM EST. Thank you and good luck for the rest of the week.

Unusual Options Activity:
7/8/26 Russell 2000 ETF (IWM) 3000 Nov $290 short puts open $12.46 adjusting June 2027 $270 short puts
7/8/26 Russell 2000 ETF (IWM) 1200 Sept 2027 $280 short puts opened for 19.2
7/8/26 Financials ETF (XLF) 5000 June 2027 $49 short puts open $1.48
7/8/26 Treasury ETF (TLT) 2200 Dec 2028 $85 calls bought for 5.70
7/8/26 Gold ETF (GLD) large buy of 2250 Dec 2028 $445 calls at $48
7/8/26 Gold Miners ETF (GDX) buyer 3500 June 2027 $83 calls for $10.08
7/8/26 Tesla (TSLA) 3200 July 15th (W) 420 calls buy 3.15
7/8/26 Shopify (SHOP) large opening sale 1300 Dec 2028 $110 puts 33.1
7/8/26 Lowe’s (LOW) 3500 Aug 14th (W) $190 short puts open 1.40
7/8/26 WingStop (WING) 1000 August $130 short puts open 6.10
7/8/26 Visa (V) 2000 Sept $360/$320 bull risk reversals trading
7/8/26 Blackstone (BX) 500 June 2027 $120 puts sold to open 18.92
7/8/26 Vertex Pharma (VRTX) buyer 200 Oct 470 calls 62.23 rolls July calls
7/8/26 Alnylam Pharma (ALNY) spread bought 280 Sept $330 calls $24 and sold 270 of the Dec 270 puts at 17.50
7/8/26 ACADIA Pharma (ACAD) 1030 Sept $29 calls open 1.70
7/8/26 UniQure (QURE) 1950 Oct $55 calls bought $5.43 as 1K July 40 adjust
7/8/26 PTC Therapeutics (PTCT) 300 Sep 100/80 bull risk reversals open at $1
7/8/26 Xenon Pharma (XENE) 8860 July 75 calls adjust to Oct 90 calls
7/8/26 NRG Energy (NRG) buyer 1000 Dec $165/$200 call spreads, adding to OI
7/8/26 Occidental (OXY) buyers 4000 July 31st (W) $55 calls 1.55
7/8/26 HF Sinclair (DINO) buyer of 1500 Dec $95 calls $3.35
7/8/26 Lockheed Martin (LMT) 590 August 550 calls bought for $1M
7/8/26 SpaceX (SPCX) 750 Sept 2027 $165 short puts 52.50 to 52.30 open
7/8/26 SpaceX (SPCX) block 25,000 August $125 puts sold to open $8.11
7/8/26 AST SpaceMobile (ASTS) size opening sale 8750 Oct $75 puts 16.20
7/8/26 Rocket Lab (RKLB) 1165 June 2027 $175 upside calls bought 12.70 to 13.30
7/8/26 Redwire (RDW) buyer 1000 Nov $9 calls $3.80
7/8/26 Alibaba (BABA) 1500 July 31st (W) $105 calls bought
7/8/26 Cloudflare (NET) 550 Sept $270 short puts opening 25.95 bids
7/8/26 Cloudflare (NET) buyer 800 August $290 calls $18.85
7/8/26 Fortinet (FTNT) 650 Sept $145 puts sold 11.45 to open
7/8/26 Salesforce (CRM) 1400 Oct $170 calls bought $14.35 to $14.60 range
7/8/26 Palo Alto (PANW) 350 Sept 340 ITM short puts open 42.90
7/8/26 Apple (AAPL) buyer 2000 Aug 7th (W) $325 calls 4.40 offer
7/8/26 Dell (DELL) 2000 March $500 calls bought at $100
7/8/26 HP Enterprise (HPE) buyer 755 March $42 calls for $11.80
7/8/26 Nvidia (NVDA) size buy 8952 July 31st (W) $195 calls 12.16
7/8/26 Broadcom (AVGO) 2000 Nov 630 calls buy 4.60 offers
7/8/26 Marvell Tech (MRVL) buyer 1500 Dec $390/$480 call spreads
7/8/26 On Semi (ON) 700 March $120 ITM puts sell to open 40.75
7/8/26 Advanced Micro (AMD) 8000 August $500 calls bought in adjustments
7/8/26 Intel (INTC) 2000 Oct $85 short puts opening 8.55 to 8.50
7/8/26 ST Micro (STM) 5000 Jan 2028 $40 short puts open 6.60
7/8/26 ST Micro (STM) 1059 July 31st (W) $75 calls open 3.67
7/8/26 Qualcomm (QCOM) 2250 March $165 puts sold $26 to open
7/8/26 Arm Holdings (ARM) opening sale 1000 Dec $190 puts at $20.55
7/8/26 Ciena (CIEN) 395 August $410 calls bought $61.10 offer
7/8/26 Credo Tech (CRDO) buyer 600 July 31st (W) $260 calls $31.84
7/8/26 AXT (AXTI) size buy 2082 July 31st (W) $68 calls 9.96
7/8/26 Lumentum (LITE) size opening sale 450 Nov $520 puts at 72.40
7/8/26 Taiwan Semi (TSM) 2000 August $520 calls buy 8.75 to 9.25
7/7/26 Semiconductors ETF (SOXX) size buy Sept $670/$820 call spreads 10,750X
7/7/26 Utilities ETF (XLU) 4000 Dec 2028 $42 short puts open 2.71 in adjustment
7/7/26 South Korea ETF (EWY) 5500 August $240 calls buying $5
7/7/26 TJX Cos. (TJX) buyer 1500 Aug 7th (W) 160 calls 1.85
7/7/26 McDonald’s (MCD) 1775 Sept 260 short puts trade 3.15 bids
7/7/26 Lowe’s (LOW) 2000 Oct $180 short puts open 1.95
7/7/26 Target (TGT) 650 Oct $125 puts sell to open 8.45
7/7/26 DoorDash (DASH) size buy 4500 Aug 7th (W) $220 calls $6.25, reports 8-5
7/7/26 DoorDash (DASH) also 900 Sept $160 short puts open 4.75
7/7/26 Wells Fargo (WFC) 2000 Sept 87.5 short puts open 4.45 bids ITM
7/7/26 Bank America (BAC) 5000 July 31st (W) $62 calls bought 0.93 into earnings 7-14
7/7/26 Eli Lilly (LLY) 5270 July $1300 calls open 3.90
7/7/26 J&J (JNJ) 1000 Dec $300 calls bought in adjustments
7/7/26 TG Therapeutics (TGTX) 1347 August $65 calls open 2.33
7/7/26 Abivax (ABVX) size opening sale 2000 Jan 2028 $125 puts $26
7/7/26 Madrigal Pharma (MDGL) 100 March $500 calls buy $127 to $130.50
7/7/26 Bridge Bio (BBIO) 650 Nov $65 ITM calls bought as July $60 adjust
7/7/26 Bloom Energy (BE) 1450 Aug 14th (W) $275 calls buy for $7.9M
7/7/26 GE Vernova (GEV) 1410 Aug 14th (W) $725 puts sold to open $6
7/7/26 Rockwell Automation (ROK) spread sold 1280 August $410 puts to buy the $490/$560 call spreads
7/7/26 Nokia (NOK) 3337 Dec $13 calls bought 1.97
7/7/26 Vertiv (VRT) 5080 Aug 14th (W) $200 short puts open 2.13
7/7/26 Vertiv (VRT) 2000 ITM August $330 puts sold to open for $11.4M
7/7/26 Twilio (TWLO) 400 Sept $250 calls buy 14.80
7/7/26 Snowflake (SNOW) buyer 1550 August $250 calls 33.15
7/7/26 CrowdStrike (CRWD) 1770 August $207.5 calls buy $14.20
7/7/26 ServiceNow (NOW) 1000 Sept $95 short puts open $5.10
7/7/26 Cloudflare (NET) 950 August $240 puts selling to open $14.40
7/7/26 Qualcomm (QCOM) 1000 August 14th (W) $200 calls are bought $11.90
7/7/26 Nvidia (NVDA) buyer 4000 July 13th (W) $192.5 calls 3.30 offer
7/7/26 Applied Materials (AMAT) 4100 August $310 short puts open 4.09
7/7/26 ASML (ASML) buyer of 100 Dec 2028 $2000 calls for $610, $6M trade
7/7/26 KLA Corp (KLAC) 4210 Jan 2028 $140 puts sold to open 30.21
7/7/26 Advanced Micro (AMD) 1175 June 2027 $480 puts sold to open $110.65 in adjustments
7/7/26 SanDisk (SNDK) 2500 August $700 short puts 18.70 to 18.60
7/7/26 Seagate (STX) 3150 August $410 short puts open $5.40
7/7/26 Western Digital (WDC) 4600 August $280 short puts opening
7/7/26 Micron (MU) 15K July $690 short puts open $6.30
7/6/26 Russell 2000 ETF (IWM) 3000 Oct $300 short puts open 12.01
7/6/26 Ark Innovation ETF (ARKK) 6800 Sept 82 calls bought for $4.85M as July 75 adjust
7/6/26 Financials ETF (XLF) 20,000 August $56 short puts opening 1.16
7/6/26 Silver ETF (SLV) buyers 4000 August $58 calls 2.75 to 2.78
7/6/26 Tesla (TSLA) buyer 13,000 Sept $420 calls as August adjust
7/6/26 Tesla (TSLA) also 2550 Jan $630 calls bought 12.50 to 12.60
7/6/26 Walmart (WMT) 1050 March $95 short puts open $3.50
7/6/26 Goldman Sachs (GS) buyers of 640 Sept 1200 calls 17.75 offer
7/6/26 Visa (V) 1500 August $350 calls bought $13.85 offer
7/6/26 MasterCard (MA) buyer 780 Sept $525 calls 28.10 offer
7/6/26 Shell (SHEL) 15,000 Oct 85/95 call spreads are bought for 1.25
7/6/26 Expand Energy (EXE) 11,000 August 80 short puts open at $1
7/6/26 Bloom Energy (BE) 1700 July 24th (W) $310 calls buy $28.64
7/6/26 Vertex Pharma (VRTX) 466 Sept 460 short puts open at $8
7/6/26 Abivax (ABVX) 850 Nov $150 calls bought 24.50 to 25
7/6/26 NRG Energy (NRG) buyer 2500 Dec $165/$200 call spreads
7/6/26 SpaceX (SPCX) 5000 Sept $150 puts sold and buys the $180 calls 5000X net credit
7/6/26 SpaceX (SPCX) 1900 Sept 2027 $80 short puts opening 8.70 to 830
7/6/26 Satellogic (SATL) 6200 Jan $5 short puts open 1.40 bids
7/6/26 Vertiv (VRT) 800 Sept $360 calls bought $32.75 offer
7/6/26 Nebius Group (NBIS) size buy 1500 Dec 2028 $340 calls for $124
7/6/26 Dell (DELL) 500 Jan 2028 $440 short puts open $156
7/6/26 HP Enterprise (HPE) opening sale 2600 Sept $44 puts $5.95
7/6/26 Amazon (AMZN) 1600 March $260 short puts open $37.2 as Sept 260 adjust
7/6/26 Nokia (NOK) buyers of 6000 August $12 calls 1.73 offer
7/6/26 CrowdStrike (CRWD) 1200 Oct $290 OTM calls buy $7.10 offer
7/6/26 Palo Alto (PANW) 500 Dec 2028 $260 short puts open 52.75
7/6/26 Nvidia (NVDA) 40,000 July 31st (W) $200 calls bought for over $30M
7/6/26 Broadcom (AVGO) 2550 Nov $630 far OTM calls bought 2550X 4.25 to 4.45
7/6/26 Qualcomm (QCOM) 3350 Aug 7th (W) $190 calls bought for $5M
7/6/26 Advanced Micro (AMD) opening sale 1000 Sept 2027 $320 puts for $43.92 adjusting Sept $460
7/6/26 Advanced Micro (AMD) size buy 20,000 Oct $450 calls $160.5 as Aug. 380 adjust
7/6/26 Tower Semi (TSEM) 825 Sept $250 calls buy for $2.75M
7/6/26 Coherent (COHR) 350 Oct $340 short puts open at $66.2
7/6/26 Western Digital (WDC) 325 Jan 2028 $470 short puts open at $160
7/6/26 Seagate (STX) buyer 1000 Nov $960 calls and sells 1350 of the $1300 calls
7/6/26 Micron (MU) buyer 2000 July 24th (W) $1050 calls for 77.95
7/6/26 Taiwan Semi (TSM) 1000 Oct 320 short puts trade 6.77