Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 5:50 FOCUS LIST: NVDA, ISRG, META, TSM, ONON, TSLA, PLTR, AVGO, RKLB
4) 9:15 Stock Review – Software: IGV (ETF), NOW, CRM, APP, FTNT, CYBR, CRWD, RBRK, NET, KD, PSTG, DOCS, GDDY, WIX, TEAM, TWLO, DT, KVYO, NTNX
5) 13:10 Stock Review – Semiconductors: SMH (ETF), MRVL, ANET, SMTC, CRDO, NVMI
6) 14:25 Stock Review – Biotech and Medical Products: XBI (ETF) TARS, SWTX, INSM, BPMC, TVTX, NTRA, GH, GRAL
7) 16:30 Stock Review – Others/General Ideas/Commentary: GOOGL, AMZN, NFLX, VRT, VST, CEG, NRG, GEV, BE, CLS, LUNR, RDW, PL, HWM, GE, EQT, WMB, EXE, SPOT, FOUR, BROS, CAVA, HOOD, RDDT, NBIS, SFM
8) 22:15 Stocks Near Buyable Ranges: IGV, RKLB, EXE
9) 25:00 Conclusion/Summary

Market Summary:
As I mentioned in several recent videos, I’ve been expecting a range and a choppy market environment, and that’s what we’ve seen over the past 4-6 weeks. The big question now is: Are we going to breakout of this range to the upside? Or is this range going to resolve itself by moving to the downside? The honest answer is I don’t know. I prefer to be patient until we get more clarity. One thing I have noticed is that the price action is subtly improving beneath the surface. In this video, I review how the Nasdaq 100 ETF (QQQ) has held that March 510 put level on both recent gap downs (the DeepSeek gap down on 1/27/25 and the tariff gap down on 2/3/25). I also review the improvements in growth sectors such as Software, Genomics, and Space-related. Outside of growth, many Financial stocks continue to show strong price action.

Overall, stick to the main guidelines of exposing yourself to strong stocks/strong ETFs, getting those strong entry points, and then managing your trades as best as possible. Also, always remember that no matter what your timeframe is, you have to have some form of a loss cutting discipline when a position turns against you. It can be a percentage loss, a specific dollar stop loss, or a technical level, but you must have one as part of your overall plan. Thank you and good luck for the remainder of the week.

Unusual Option Activity:
2/5/25 S&P 500 ETF (SPY) large bull sells to open 1750 Dec $625 ITM puts at $37.70 as the $610 short puts adjust
2/5/25 Nasdaq 100 ETF (QQQ) buyers of 1275 Sept $585 calls at $11.99 as the March $545 calls adjust
2/5/25 Silver ETF (SLV) seeing 37,000 April $32 calls bought at $0.70 to $0.74 offer sweeps in large blocks
2/5/25 Axon (AXON) 1200 March $610/$580 bull put spreads opening
2/5/25 Walmart (WMT) buyers 2900 Dec $125 OTM calls near 2.93
2/5/25 Tapestry (TPR) 3600 April $65 puts sold to open 1.35
2/5/25 Hims & Hers Health (HIMS) 3000 Feb 28th (W) $41 puts sold to open $4.60 bids
2/5/25 BJ’s Wholesale (BJ) buyer of 1400 March $110 calls at $2.89 as Feb $100 calls adjust
2/5/25 Uber (UBER) large opening seller of 10,200 March $57.50 puts at $0.61
2/5/25 Uber (UBER) with 1000 Nov $65 puts selling to open $7.55
2/5/25 Uber (UBER) buyers of 1200 March 14th $70 calls at $1.24 offers
2/5/25 Uber (UBER) more put sales with 1300 July $62.50 puts sold to open at $4.51
2/5/25 Geo Group (GEO) buyer of 1200 April $29 calls at $3.30 offer sweeps
2/5/25 HF Sinclair (DINO) 5000 of the March $40 calls bought $1.10 to $1.25
2/5/25 HF Sinclair (DINO) also with 5000 June $45 calls bought 1.20 offer
2/5/25 Verona Pharma (VRNA) 4000 ITM March $45 calls buy up to $18
2/5/25 Bristol Myers (BMY) 5000 May $67.5 OTM calls buy
2/5/25 Bristol Myers (BMY) 4000 August $45 puts being sold to open
2/5/25 Danaher (DHR) 900 April $230/$240 call spreads bought
2/5/25 Medtronic (MDT) seeing 6000 next week $91 calls bought and some Feb 92/94 call spreads
2/5/25 Recursion Pharma (RXRX) buyers of 2900 June $10 calls at $1.25 to $1.40
2/5/25 Nvidia (NVDA) sees 1000 March 14th $100 ITM calls buying at $25.50
2/5/25 Nvidia (NVDA) 12,000 July 85 puts sell to open 2.60
2/5/25 Marvell Tech (MRVL) large opening seller of 2600 March $120 ITM puts at $14 bids, strong confidence and reports 3/5
2/5/25 Google (GOOG) buyer 5000 March 14th (W) $195 calls $5.20
2/5/25 Google (GOOG) 2000 July $190 calls bought 17.35 to 17.75
2/5/25 HP Enterprise (HPE) buyer 5000 January $20 calls $3.85 offer
2/5/25 Amazon (AMZN) 1500 March 7th (W) $250 calls bought $5.24 to $5.90
2/5/25 Meta (META) 2650 April $705 calls bought $40 as Feb 600 adjust
2/5/25 Arm Holdings (ARM) 2840 Dec 2026 $110 puts sell to open $17.10
2/5/25 Qualcomm (QCOM) 3900 deep ITM February $150 calls bought for $9.5M into earnings
2/5/25 Vistra (VST) opening sale 700 March $135 puts $3.10
2/5/25 Vertiv (VRT) buyer 900 Jan 2027 $185 calls $22.15 to $22.20
2/4/25 Nasdaq 100 ETF (QQQ) buyer of 1800 August $595 calls at $5.95 to $6.37
2/4/25 Nasdaq 100 ETF (QQQ) large opening sale 1250 Sept $540 ITM puts for $34.02
2/4/25 Semiconductor Bull 3x ETF (SOXL) 2500 August $19 puts sell to open at $3.31 as Jan $16 short puts adjust
2/4/25 Russell Value ETF (IWD) 15,000 May 170 puts sold to open $1
2/4/25 Trump Media (DJT) buyer 1000 Jan $75 calls 6.25 to 6.50
2/4/25 Netflix (NFLX) 1100 April $995 calls bought as Feb $840 adjust
2/4/25 Exxon (XOM) sees 4000 Feb $109 puts sell to open at $2 to $1.95
2/4/25 Marathon Petro (MPC) sees 1000 July $160 calls bought $11.15 to $11.50
2/4/25 Coinbase (COIN) large buyer of 21,440 May $290 calls at $42.50 as Feb $320 calls adjust
2/4/25 Goldman Sachs (GS) opening sale 200 Jan $660 puts for 67.95
2/4/25 Tempus AI (TEM) 1750 April $85 calls sold to open 2.90
2/4/25 Tempus AI (TEM) also 1500 Jan $110 calls being sold to open 8.10 to 7.90
2/4/25 Regeneron Pharma (REGN) massive buyers for 750 Dec 2026 $740 calls at $128.50 to $136
2/4/25 Rocket Lab (RKLB) 15,000 Jan 2027 $7 puts sell to open 0.75
2/4/25 GE Aerospace (GE) 300 Jan $200 puts sell to open 18.75
2/4/25 GE Vernova (GEV) opening sales of 1700 March 14th $285 puts at $3.40 to $3.30
2/4/25 Nvidia (NVDA) 71,000 April 110 calls bought $18.43 as 128K of the Feb 125 adjust
2/4/25 Nvidia (NVDA) seeing 1600 March 2026 $115 puts sell to open at $19.70
2/4/25 Nvidia (NVDA) also a block of 1000 June 2026 $74 puts sell to open at $5.86
2/4/25 Palantir (PLTR) 1000 July $125 calls bought $11.90 offers
2/4/25 Palantir (PLTR) buyers 2000 June $125 calls $9.60 to $11.45
2/4/25 Palantir (PLTR) buyers of 5500 March $110 calls at $8.20, adjusting up the $85 calls
2/4/25 Palantir (PLTR) buyers of 1100 Sept $125 calls at $14.20
2/4/25 Google (GOOGL) buyer 1000 Dec $220 calls $20.45 offer
2/4/25 Broadcom (AVGO) sees 1100 Jan 2026 $255 calls bought at $25 to $27.30
2/4/25 Cloudflare (NET) buyer of 500 Sept $145 calls at $22.90 to $23.25
2/4/25 Meta (META) buyers of 2600 March $770 calls at $9.20 to $9.50 as $720 calls adjust
2/4/25 Snowflake (SNOW) 250 June 2026 $270/$190 bull risk reversals open at $15.15 net credit
2/4/25 MongoDB (MDB) buyers of 1400 March 7th $290 calls at $14.90 to $15.10 as Feb $310 calls adjust
2/4/25 Vertiv (VRT) seeing 4000 June $160 calls being bought at $5.10
2/4/25 Constellation Energy (CEG) buyer 300 March 7th (W) $305 calls 21.60
2/3/25 Nasdaq 100 ETF (QQQ) 2000 Feb 28th $503/$498 bull put spreads sold to open
2/3/25 Nasdaq 100 ETF (QQQ) 3000 Sept $600 calls bought $7.13 as March $560 adjust
2/3/25 S&P Equal ETF (RSP) large buyer of 9000 March $174 calls at $7.35, also sold 1000 Feb $172 puts at $0.66
2/3/25 Semiconductors ETF (SMH) opening sale of 6850 April $215 puts at $6.88, adjusting Feb $220 short puts
2/3/25 Bitcoin ETF (IBIT) 1500 Jan $56 puts sell to open 11.40 to 11.25
2/3/25 Silver ETF (SLV) buyer of 2500 Sept $30 calls at $2.32
2/3/25 Small Cap Bull ETF (TNA) 6000 March $43 calls bought $4.10 to $4.13
2/3/25 S&P 500 ETF (SPY) 1890 August $556 puts sold to open 11.74
2/3/25 Tesla (TSLA) February $410 calls some size buys for $11 with 6000 contracts trading
2/3/25 Hims & Hers Health (HIMS) large opening sales of 4000 Feb 28th $42 ITM puts for $6.25
2/3/25 Hims & Hers Health (HIMS) also 2000 Feb 28th $40 puts sell to open $5.15 bids
2/3/25 Dick’s Sporting Goods (DKS) opening sale 2000 March $220 puts $8
2/3/25 Dick’s Sporting Goods (DKS) sees 200 Jan 2026 $250/$220 bull risk reversals open at $7.30 debit
2/3/25 Shopify (SHOP) buyer 1000 Feb $116 calls $6.87 spread against $125 calls
2/3/25 Wynn Resorts (WYNN) buyer 300 Dec 2026 $90 calls $15.77
2/3/25 Expand Energy (EXE) sees 1600 March $105 calls bought at $3.10 offers
2/3/25 Cheniere Energy (LNG) large buys of 3000 June $220 calls at $22.30
2/3/25 Citigroup (C) more big bull flow with 5000 April $80 calls bought $3.10 offer sweeps
2/3/25 Citigroup (C) also 10K May 80/87.5 call spreads bought
2/3/25 Blackrock (BLK) sees 490 April $1020/$990 bull put spreads sell to open $12.30
2/3/25 AbbVie (ABBV) 1350 April $195 calls sold to open 4.56
2/3/25 Merck (MRK) buyer 20,000 July $110/$130 call spreads for $2.64
2/3/25 Planet Labs (PL) block 5000 July $9 calls bought 0.95 offer
2/3/25 Meta (META) seeing 2000 March $720 calls bought for $4.5M
2/3/25 Meta (META) buyer 500 July $950 calls $8.45
2/3/25 Nvidia (NVDA) opening sale 7000 March $78 puts 1.13
2/3/25 Nvidia (NVDA) also 1500 Oct $75 puts sold to open $3.35
2/3/25 Broadcom (AVGO) 2750 March 7th (W) 170 puts sell to open 1.75
2/3/25 Marvell Tech (MRVL) 3450 March $120 calls bought $6.50 to $6.60 looking to add to OI
2/3/25 Palantir (PLTR) into earnings 1200 April 77.5 puts sell to open 8.15
2/3/25 Atlassian (TEAM) massive bull adjusts those March $230 calls and buys 8100 June $250 calls $77.32
2/3/25 Apple (AAPL) large buyer of 4250 May $210 ITM calls at $26.35 as the Feb $205 calls adjust