Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review
3) 12:25 Stock Review – Aerospace/Defense: VSAT, GE, HWM, WWD
4) 13:05 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, KLAC, AMAT, ASML, MU, STX, WDC, SNDK
5) 14:45 Stock Review – Electronic/Energy/Data Center related: LITE, ANET, XMTR, GEV, ATI
6) 16:05 Stock Review – Software: BUG (ETF), CIBR (ETF), CRWD, PANW, FTNT, OKTA, NET, FROG, SNOW, TWLO, DDOG
7) 18:15 Stock Review – Biotech/Medical: XBI (ETF), LLY, BMY, JAZZ, INCY, EWTX, IMVT, ARWR, RYTM, LQDA, URGN, VCYT, TVTX, ORKA, SYRE, PCVX
8) 22:25 Stock Review – Genomics: ARKG (ETF), GH, NTRA, BLLN, TXG, TWST, ILMN
9) 23:25 Stock Review – Others/General Ideas/Commentary: HNGE, VLO, PSX, DELL, SPHR, GOOGL, HOOD
10) 26:00 Conclusion/Summary

Market Summary:
In this video, I review the market’s positives and negatives. Unfortunately, the biggest negative is that growth stocks are in a correction and it’s going to take some time for them to build bases and recover. My conclusion is the same as it has been in recent videos: Defense until we see better price action. I prefer to trade SUSTAINED uptrends and right now the price action is too volatile and choppy. My instincts tell me that we won’t see the next power trend until the Fall, so I prefer to wait patiently for better setups. As always, I will be open-minded and continue to monitor the market’s price action. For now, defense means lighter positions and a higher cash position until conditions in the growth world improve.

If you have any questions, you can ask them during the next LIVE webinar, which will be this Monday, July 27th at 7PM EST. Also, the last video will be on Wednesday, July 29th and there will be no more login access after July 31. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
7/22/26 Nasdaq 100 ETF (QQQ) 4000 Aug 14th (W) $735/$685 bull r/r traded for a net credit
7/22/26 Russell 2000 ETF (IWM) 2500 Aug $294 short puts open 5.50 bid
7/22/26 Oil & Gas ETF (XOP) opening sale 1500 Jan $165 puts at 9.45
7/22/26 Bitcoin ETF (IBIT) opening sale 4000 June 2027 $37 puts for $5.35
7/22/26 Anheuser (BUD) August 7th (W) $84/$81 bull risk reversals opening 2850X, reports 7-30
7/22/26 Visa (V) 450 Dec $335 short puts open 13.10
7/22/26 Exxon (XOM) buyer 1365 March $190 OTM calls $4.51
7/22/26 Exxon (XOM) 500 Nov $155 short puts open 10.90
7/22/26 Marathon Petro (MPC) August $330 to $340 call strike roll again 1200X
7/22/26 Bloom Energy (BE) buyer 2500 August $260 calls $30.69
7/22/26 Liquidia (LQDA) buyer 450 March $100 calls $16
7/22/26 SpaceX (SPCX) 1000 Oct $120 calls buy 21.40 offer
7/22/26 Amazon (AMZN) buyer 11,140 Oct $260/$295 call spreads at $7.73 and Oct $210 short puts open 5570X at $4.31
7/22/26 Apple (AAPL) similar to the AMZN spread 11,140 Oct $345/$390 call spreads buy while selling 5570 of the $280 puts
7/22/26 Nvidia (NVDA) similar with Oct $175 puts sold 7425X to buy the Oct $220/$250 call spreads 14,855X
7/22/26 Google (GOOG) similar with 5327 Oct $295 puts sold to buy 10,655 Oct $365/$415 call spreads
7/22/26 Google (GOOG) 1500 Sept $380 short puts open ITM for $5.9M
7/22/26 Google (GOOGL) 10,000 Sept $310 short puts open 5.32
7/22/26 Baidu (BIDU) 1100 Oct $90 short puts open $3.51
7/22/26 Dell (DELL) buyer 1000 Sept $550 calls $30.9
7/22/26 Dell (DELL) 500 Dec $240 short puts open 12.75
7/22/26 Microsoft (MSFT) 4155 Sept $405/$360 bull risk reversals open at near $8 debits
7/22/26 Cloudflare (NET) 150 Jan 2028 $320 short puts open ITM for $108.10
7/22/26 ServiceNow (NOW) buyer 3500 Aug 14th (W) $100 calls 6.55
7/22/26 GE Vernova (GEV) 2800 Sept $740 short puts open $11.20
7/22/26 Nebius Group (NBIS) 850 Aug 28th (W) $200 short puts opening for $2.5M
7/22/26 Intel (INTC) buyer of 17500 August $110 calls 9.59
7/22/26 Nvidia (NVDA) Oct $180 calls bought 88,000X as Sept 190 adjust
7/22/26 Advanced Micro (AMD) buyer 3100 August $570 calls $48.19
7/22/26 Advanced Micro (AMD) opening sale 500 August $600 puts 78.52
7/22/26 Marvell Tech (MRVL) 1000 Nov $440 calls bought 6.45
7/22/26 Credo Tech (CRDO) 225 Jan 2027 $195 short puts open 47.70
7/22/26 Amkor Tech (AMKR) 1000 Dec $65 short puts opening at $14
7/22/26 ST Micro (STM) 1000 Sept $70 short puts open 10.31
7/22/26 Lumentum (LITE) buyer of 170 March $790 calls for $5M
7/22/26 Lumentum (LITE) buyer 2000 August $870 calls $91.25
7/22/26 Western Digital (WDC) buyer 2300 August $590 calls for $56.20
7/22/26 Seagate (STX) size buy 800 August $960 calls 98.10
7/22/26 Seagate (STX) 400 Jan 2027 $570 short puts open 70.40, size opening sale
7/22/26 SK Hynix (SKHY) buyer 2000 August $175 calls $23.30, also sellers of the $110 and $100 puts
7/21/26 Nasdaq 100 ETF (QQQ) buyer 2000 August $738 calls $6.30
7/21/26 Gold ETF (GLD) 2950 August $362 short puts open 4.75 bids
7/21/26 South Korea ETF (EWY) buyer 2050 Jan $190 calls $26.6
7/21/26 Tesla (TSLA) 3000 June 2027 $720 way OTM calls bought near 12.70
7/21/26 Netflix (NFLX) 4850 August $67 calls bought 3.15
7/21/26 Bank NY (BNY) 1000 Dec $145 short puts open 6.15
7/21/26 UnitedHealth (UNH) buyer 500 Aug 7th (W) $420 calls 16.05
7/21/26 Tenet Healthcare (THC) 1000 August $210 calls bought 8.40, reports 7-24
7/21/26 Novo Nordisk (NVO) 1320 Oct $50 short puts open for 4.31
7/21/26 Insmed (INSM) buyer 2500 August $130 calls for 2.15
7/21/26 Abivax (ABVX) 1400 August $130 short puts opening 8.50
7/21/26 Axsome Therapeutics (AXSM) buyer 500 Sept $240 calls $11.30
7/21/26 Tango Therapeutics (TNGX) spread sells 1000 August $23 puts to buy the $33/$37 call spreads
7/21/26 Janux Therapeutics (JANX) buyer 200 Jan 2028 $15 calls up to 6.30
7/21/26 Exxon (XOM) 800 Dec 2028 $185 short puts open 43.30
7/21/26 BHP Group (BHP) 1000 Nov $80 short puts open 5.63
7/21/26 Marathon Petro (MPC) 1200 Aug 320 calls adjust to 330
7/21/26 HF Sinclair (DINO) 1500 Jan 2027 $110 calls bought 5.70
7/21/26 Bloom Energy (BE) 1850 August $230 short puts opening ITM 47.7
7/21/26 Bloom Energy (BE) buyer 1450 Jan $500 calls $31.25
7/21/26 EOG Resources (EOG) 1300 Aug 155 calls buy 1.97
7/21/26 Tutor Perini (TPC) 500 Jan $80 short puts open at $10
7/21/26 SpaceX (SPCX) 4900 Dec $155/$110 bull risk reversals open at small debit
7/21/26 SpaceX (SPCX) buyer 5000 Dec $180 calls $9.79
7/21/26 Rocket Lab (RKLB) size buy 2,225 Jan 2028 $120 calls for 20.00
7/21/26 Redwire (RDW) 4000 Jan $9 calls buying 2.90 to 3.1
7/21/26 Nebius Group (NBIS) buyer 2200 Jan 2027 $390 calls 38.09
7/21/26 Nebius Group (NBIS) January upside call buys with 2200 each of the $320 and $390 and 3000 of the $430 bought
7/21/26 CoreWeave (CRWV) buyer 1000 Aug. 14th (W) $85 calls $6
7/21/26 Alibaba (BABA) 1600 Nov $125 calls buy $10.65 offer
7/21/26 Alibaba (BABA) 2000 August $118 short puts opening $6.40 bids
7/21/26 Baidu (BIDU) 250 March $110 short puts open $17.65
7/21/26 ServiceNow (NOW) 4425 June 2027 $85 short puts open 12.75 for $5.76M
7/21/26 ServiceNow (NOW) 3500 Sept $108 ITM puts sold 14.10 to open
7/21/26 Apple (AAPL) another 17,500 Nov $400 calls trading with buyers
7/21/26 Amazon (AMZN) 500 Oct $275 short ITM puts open $33.85
7/21/26 Broadcom (AVGO) buyer 3200 August $435 calls 7.47
7/21/26 Intel (INTC) 1000 August 28th (W) $120 calls bought 7.20
7/21/26 Intel (INTC) buyer 2400 Jan $165 calls 11.25
7/21/26 Intel (INTC) 3150 June 2027 $95 short puts open 24.20 as Jan 95 adjust
7/21/26 Applied Materials (AMAT) 300 Feb $470 short puts open $84
7/21/26 Applied Materials (AMAT) opening sale 500 March $500 puts $103.85
7/21/26 Lam Research (LRCX) opening sale 750 Dec $280 puts 47.20
7/21/26 Arm Holdings (ARM) 1750 August $420 OTM calls buying 7.7 to 7.95
7/21/26 Arm Holdings (ARM) opening sale 1000 Oct $250 puts 32.70
7/21/26 Texas Instruments (TXN) buyer 3650 August $340 calls 8.08
7/21/26 Global Foundries (GFS) buyer 5000 August $70 OTM calls for 2.75, reports 8-5
7/21/26 Advanced Micro (AMD) buyer 850 Jan 2027 $780 calls 51.90
7/21/26 KLA Corp (KLAC) 650 Jan $180 short puts open $28.80
7/21/26 Semtech (SMTC) buyer 300 Dec $260 calls 9.20 offer
7/21/26 Silicon Motion (SIMO) 1500 August $280 calls buy $34.34 as some $260 and $270 adjust
7/21/26 Fabrinet (FN) 100 Jan $760 calls buy $63.50
7/21/26 Qnity Electronics (Q) 600 August $115 puts sell to open 4.25
7/21/26 SK Hynix (SKHY) 2500 Aug 14th (W) 190 calls buy 15.50
7/21/26 Seagate (STX) 250 Jan 2028 $800 short puts open 291.00 for $7.36M
7/21/26 SanDisk (SNDK) buyer 2270 Jan $2270 calls at $331 for $75M
7/20/26 S&P 500 ETF (SPY) 2500 Sept 30th (Q) $699 short puts opened 7.30 bid
7/20/26 Nasdaq 100 ETF (QQQ) buyer 1000 August $733 calls 8.24
7/20/26 Nasdaq 100 ETF (QQQ) 2000 June 2028 $650 short puts open $61.20
7/20/26 Russell 2000 ETF (IWM) 7500 Dec 31st (Q) $295 short puts open 15.84
7/20/26 Momentum ETF (MTUM) 500 Feb 2027 $255 short puts open 11.50
7/20/26 Junior Gold Miners ETF (GDXJ) 1100 Jan 2028 $90 short puts open $17
7/20/26 Walmart (WMT) 850 Nov $110 calls bought 9.75
7/20/26 Shopify (SHOP) 45,000 Oct $135 calls bought $12.70 as Sept 100 adjust
7/20/26 JPMorgan (JPM) buyer of 1200 Nov $345 calls 18.85
7/20/26 JPMorgan (JPM) 800 August $342.5 short puts open 9.60
7/20/26 Morgan Stanley (MS) buyer 700 Nov $230 calls at $10
7/20/26 Visa (V) buyer of 1600 Sept $385 calls $6.10 offer
7/20/26 Schwab (SCHW) 5000 August $105 calls bought 1.98
7/20/26 Circle (CRCL) 2350 June 2027 $100 calls bought $12.30
7/20/26 Bristol Myers (BMY) buyers 3000 Oct 67.5 OTM calls 1.47 offer
7/20/26 UnitedHealth (UNH) 600 Nov $470 calls bought 15.05
7/20/26 UnitedHealth (UNH) opening sale 1000 Oct $400 puts for $15.90
7/20/26 Bloom Energy (BE) 3000 August $210 short puts open $43.40
7/20/26 Bloom Energy (BE) buyer 1800 Jan $430 calls $29.50
7/20/26 Caterpillar (CAT) buyer of 550 August 7th (W) $870 calls 45.20
7/20/26 United Parcel (UPS) 1550 July 31st (W) $115 calls bought 3.65 to 3.77
7/20/26 SpaceX (SPCX) 800 March $200 calls bought near $12
7/20/26 SpaceX (SPCX) 750 August $114 short puts open 8.75
7/20/26 Rocket Lab (RKLB) 500 Dec 2028 $45 short puts open at 16.95
7/20/26 Google (GOOGL) 2400 Jan 2027 375/410 call spreads bought
7/20/26 Apple (AAPL) 3000 Nov $400 calls buy $3.40 offer
7/20/26 Apple (AAPL) opening sale 3000 August $330 puts 12.21
7/20/26 Cloudflare (NET) opening sale 500 Nov $200 puts 11.75
7/20/26 Baidu (BIDU) 500 Jan 2028 $100 short puts open 18.15
7/20/26 Nokia (NOK) 9500 August $10 calls bought 1.06
7/20/26 Cisco (CSCO) 3175 Sept $97.5 size call buy $18.75 offer
7/20/26 Arista Networks (ANET) 400 Dec $145 short puts open 15.60
7/20/26 KLA Corp (KLAC) buyer 460 March 280 calls for 40.80
7/20/26 Texas Instruments (TXN) 7000 August 14th (W) $215 short puts open 1.55
7/20/26 Lattice Semi (LSCC) over 3000 Sept $130 calls bought as August adjust
7/20/26 Marvell Tech (MRVL) buyer 4000 Aug 270 calls 5.14
7/20/26 Coherent (COHR) 330 Sept 210 short puts open 12.50