Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 15:15 FOCUS LIST: NVDA, IGV, ISRG, META, TSM, PLTR, AVGO, RKLB
4) 21:50 Stock Review – Others/General Ideas/Commentary: ASTS, PL, NET, CRWD, SPOT, UBER, CLS, CAVA, CEG, Z, WMB, NVMI, NFLX
5) 28:20 Conclusion/Summary

Market Summary:
In the Seminar Videos (and throughout these videos), I constantly mention that 90% of what I use to judge the health of the market is the price action of stocks. Specifically, are strong fundamental companies with great technicals breaking out on strong volume. In this video, I overlay this concept with how it applies to the current market. Last week, I presented 9 stocks that were near buyable ranges. I said: “If the majority of recent trade ideas I presented start to work, that would give me positive feedback that a new powertrend could emerge.” Unfortunately, many of them have failed or trended lower, telling me that the market needs more time. In addition, many stocks that reported strong earnings recently were also met with selling despite their positive guidance. Again, this is the market giving us information that it’s not ready for a new, SUSTAINED uptrend.

What’s the conclusion from all this? Defense, defense, defense. I got stopped out of many positions last week. Thankfully, most of them were lighter positions, which is what I mentioned several times recently. If you are going to trade, please keep things light. I am currently 40% invested and not looking to put more money to work. The key right now is patience and discipline. I know many members just want ideas to trade, but I’m not going to force ideas in an unhealthy environment. My goal is to keep you on the right side of the market, and right now, the right side is to wait patiently. Again, if you are inclined to trade, please keep things light and save you money for healthier conditions. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
2/21/25 Homebuilders ETF (XHB) 4000 Sept $107/$106 bull risk reversals open at $2.08 credit
2/21/25 Russell 2000 ETF (IWM) opening sale of 4000 March 31st $217 puts at $2.62, adjusts $200 short puts
2/21/25 China Internet ETF (KWEB) 15,000 March $39/$44 call spreads bought
2/21/25 Silver ETF (SLV) buyer of 3182 May $27.50 ITM calls at $2.84 in a single block
2/21/25 Tesla (TSLA) size buy 5000 March 14th (W) $370 calls $10.40 to open
2/21/25 Walmart (WMT) 3500 April 4th (W) $91 puts sell to open 0.86
2/21/25 Dollar Tree (DLTR) 875 Sept $55 puts selling to open 3.15 bids
2/21/25 Texas Roadhouse (TXRH) 3250 March $160 puts sell to open 1.40
2/21/25 Floor & Decor (FND) sees 7700 April $80 puts sell to open $1.35 to $1.30
2/21/25 Cava Group (CAVA) buyers of 2500 March $100 puts at $4.60 as the $125 puts adjust
2/21/25 Devon Energy (DVN) buyers of 8000 Sept $40 calls at $3.35 in large lots
2/21/25 KKR (KKR) large buyer of 1000 Jan 2027 $135 calls at $29.25
2/21/25 Citigroup (C) large opening sale 3000 Jan 2027 $65 puts for 4.70
2/21/25 Coinbase (COIN) buyers of 1000 April $240 puts at $16
2/21/25 Verona Pharma (VRNA) seeing 400 near-the-money April $65 puts sell to open 5.10
2/21/25 Eli Lilly (LLY) buyers of 1250 March $940 calls at $8.90 to $10.50
2/21/25 J&J (JNJ) buyers of 5900 March $165 calls at $1.30 to $1.45
2/21/25 Intuitive Machines (LUNR) sees 1250 March 28th (W) $21 calls buy $4.15 offer
2/21/25 Rocket Lab (RKLB) seeing 6000 March 14th $25 puts selling to open at $3.30
2/21/25 GE Vernova (GEV) with 1200 March $340 puts sold to open at $22.41
2/21/25 Nvidia (NVDA) 4000 March 7th (W) $135 puts sell to open 4.51 adjusting 120 strike
2/21/25 Nvidia (NVDA) 2375 Nov $155 calls sell to open 19.45
2/21/25 Alibaba (BABA) buyers 3500 April $175 calls $3.30 to $3.65
2/21/25 Alibaba (BABA) also buyers of 2000 May $160 calls at $9.26
2/21/25 Zoom (ZM) 2000 June $82.50 puts sell to open $6.50
2/21/25 Zoom (ZM) also 1500 April $82.50 calls buy at $5.85
2/21/25 Fortinet (FTNT) seller of 550 Jan 2027 $125 ITM puts at $26.80
2/21/25 Arm Holdings (ARM) buyers of 775 April $150 calls at $10.75 to 11.05
2/21/25 Astera Labs (ALAB) sees opening sellers of 500 July $90 puts at $15.60
2/21/25 Palantir (PLTR) buyer of 1000 March 28th $107 calls at $8.65
2/21/25 Broadcom (AVGO) seeing 1700 March 28th $245 calls sell to open $5.25
2/21/25 Vistra (VST) 1000 March 14th $155 puts sold to open $14.70
2/20/25 China ETF (FXI) buyer of 6500 May $38 calls at $1.30 to $1.40
2/20/25 Homebuilders ETF (ITB) 1000 July $101 puts sell to open at $7
2/20/25 Walmart (WMT) opening sale of 2700 Dec $95 puts at $6 to $5.90
2/20/25 Walmart (WMT) also 6685 April 4th (W) $92 puts sell to open 1.09 to 1.08
2/20/25 Constellation Brands (STZ) buyer 480 Jan 2027 $200 calls for $19.10
2/20/25 Skechers (SKX) buyer 1000 March $65/$72.5 call spreads
2/20/25 Pepsi (PEP) buyer 2500 June $160 calls $1.97
2/20/25 PDD Holdings (PDD) 1000 August $110 puts sell to open 8.95
2/20/25 Williams Cos (WMB) buyer 6000 April $60 calls $1.40 to $1.50
2/20/25 Cheniere Energy (LNG) 3000 March $195 puts sell to open 1.30
2/20/25 Range Resources (RRC) with 1000 March $39 puts sell to open $1.50 to $1.45
2/20/25 Citigroup (C) 5500 Jan $95 calls sold to open $4.06
2/20/25 Goldman Sachs (GS) massive buyer of 1100 Jan 2027 $480 calls at $198.50 as Jan 2026 $470 calls adjust
2/20/25 Shift4 Payments (FOUR) buyer of 2000 April $105/$115 call spreads at $2.30
2/20/25 Cytokinetics (CYTK) large buyers of 4000 May $50 calls at $5.60 to $6
2/20/25 Eli Lilly (LLY) buyer 500 December $1000 calls at $69
2/20/25 GeneDx Holdings (WGS) buyer 600 March $100/$130 call spreads at $8.87
2/20/25 Capricor Therapeutics (CAPR) buyers of 525 Sept $15 calls at $5.60 to $5.70
2/20/25 Pfizer (PFE) 10,000 Feb. 28th (W) $25 calls bought $1
2/20/25 Super Micro Computers (SMCI) 1000 Sept $32 puts sold to open 3.70
2/20/25 Alibaba (BABA) buyers of 10,000 Dec $100 ITM calls $42 to $49 as the $75 deep ITM calls adjust
2/20/25 CrowdStrike (CRWD) 1650 March 28th (W) $355 puts sell to open $3.08
2/20/25 Global-E Online (GLBE) buyers of 1500 Oct $40/$65 call spreads at $9.60
2/20/25 Google (GOOGL) buyer 3150 Jan 2027 $150 calls ITM $56+ for $17M
2/20/25 Microsoft (MSFT) seeing 3000 July $500 calls bought up to 4.05
2/20/25 Arista Networks (ANET) 700 April $95 puts sold $3.60
2/20/25 ACM Research (ACMR) buyer 400 Jan 2027 $20 calls 12.60
2/20/25 Zoom (ZM) 1400 May 92.5/100 call spreads buying into earnings next week
2/20/25 Nebius Group (NBIS) seeing 1500 May $46 calls buy up to 10.42
2/20/25 Gitlab (GTLB) opening seller of 1500 Jan 2027 $55 puts at $9.10 bids
2/20/25 Oklo (OKLO) opening seller of 1050 Nov $25 puts at $5.05
2/20/25 Vertiv (VRT) opening sale 1280 Sept $90 puts $9.55
2/20/25 Nasdaq 100 ETF (QQQ) large block of 3000 January $490 puts sell to open at $19.62, over $5.5M willing to be long at 200 day MA