Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 8:40 Stock Review – Aerospace/Defense: GE, HWM, RTX, ERJ, ASTS, RKLB, ACHR
4) 10:35 Stock Review – Biotech/Medical: TGTX, AXSM, TARS, CRMD, SWTX, ASND, MDGL, KRYS, VRNA, HALO, GH, VRTX
5) 15:40 Stock Review – Others/General Ideas/Commentary: META, PLTR, UBER, NVDA, AVGO, DOCS, CHKP, RBRK, OKTA, SPOT, WGS, MP, TW, ACMR, BROS, EVER, BE, WMB, EXE, INOD, BABA, JD, CWEB, CQQQ, FXI
6) 22:20 Conclusion/Summary

Market Summary:
Over the past 3-4 weeks, I’ve been emphasizing “defense, defense, defense.” Why? The major indexes are below their 50-day moving averages (most are also below their 200-days), and the price action of stocks is very poor. From here, I would like to see 5 things in order to feel more confident that a new SUSTAINED uptrend might be coming: 1) Signs that the selling is slowing down. 2) One (preferably two) follow through days (FTD). 3) The major indexes to regain their 50-day. 4) The price action of stocks to improve. 5) Sentiment to get washed out. Again, this will take time to develop, but in the meantime, I will keep curating a list of stocks holding up well and observe how they act.

In this video, I discuss the recent price action. While the selling has slowed down, we still haven’t seen a valid FTD on the Nasdaq Composite or the S&P 500. The good news is that we had a FTD today on the Russell 2000 and the S&P MidCap 400 indexes, but I still would like to see more consistency from the big institutions, and for ALL the major indexes to regain those key averages. MY conclusion: The recent price action is a step in the right direction, but patience is still required until I’m convinced that we will see anything SUSTAINED. Again, if you are going to trade anything, please keep positions light until we see better overall health. Don’t get complacent with the major indexes still below their 200-day moving averages. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
3/19/25 Dow Jones ETF (DIA) 2500 Jan $330 puts sold to open 3.85
3/19/25 Financials ETF (XLF) block of 24,000 Sept $47 puts sell to open $1.54
3/19/25 Gold ETF (GLD) 5000 April $274 puts sell to open 2.49
3/19/25 Gold Miners ETF (GDX) opening seller of 20,000 Sept $42 puts at $2.36
3/19/25 Tesla (TSLA) 6000 May $280/$300 call spreads bought
3/19/25 Tesla (TSLA) 800 March 2026 $310 calls bought 38.75 to 39.25
3/19/25 Tesla (TSLA) 1950 Jan 2027 $70 puts sell to open $5.20
3/19/25 Roblox (RBLX) 1375 May 2nd (W) $57 puts selling to open $4.10
3/19/25 Coca Cola (KO) opening sale 2000 June $65 puts $3.30
3/19/25 Dutch Brothers (BROS) buyer of 2000 Jan $85 calls at $9.20
3/19/25 Netflix (NFLX) 200 January $900 puts sell to open at $109.50
3/19/25 GEO Group (GEO) 2000 June $32 calls bought 2.55 to 2.75
3/19/25 GEO Group (GEO) buyer 1000 Sept $40 calls 2.20
3/19/25 Disney (DIS) opening sales of 1700 Dec $75 puts at $1.69 as Jan’s adjust
3/19/25 Sea ADR (SE) 300 August $125 puts sell to open $13.30
3/19/25 Williams Cos (WMB) buyer 2500 June $60 calls $3.20
3/19/25 Chevron (CVX) buyers of 1000 Sept $160 puts at $8.80, and sells the $200 calls at $1.03
3/19/25 Citigroup (C) buyer of 1400 June 2027 $80 calls at $8.60 to $8.80
3/19/25 Citigroup (C) opening sales of 5000 April $65 puts at $0.90 bids
3/19/25 Robinhood Markets (HOOD) 4000 April 25th (W) $44 puts sell to open $4.66
3/19/25 Robinhood Markets (HOOD) large opening sellers of 5000 April 25th $46 ITM puts at $6.00 bids
3/19/25 Wells Fargo (WFC) July $75 calls with buyers in size 6000X $4.80 to $4.90
3/19/25 Boston Scientific (BSX) 1775 Jan $110 calls bought $6.70 as some May 90 adjust
3/19/25 AstraZeneca (AZN) buyer 3000 April 77.50 calls $1.46
3/19/25 Abbott Labs (ABT) buyer 700 August $120 calls for $12.05
3/19/25 Natera (NTRA) buyers of 1550 April $160/$180 call spreads at $4.60
3/19/25 Nvidia (NVDA) opening sales of 3000 April 11th $120 puts at $6.75 bids
3/19/25 Nvidia (NVDA) 4125 deep ITM April 25th (W) $85 calls are bought
3/19/25 Snowflake (SNOW) large buyer of 650 Jan 2027 $150 ITM calls at $47.79 to $48, over $3M
3/19/25 Fabrinet (FN) 3500 April 175 puts sell to open 1.25 to 1.20
3/19/25 Broadcom (AVGO) large opening sale 1000 October $190 puts for $24.11
3/19/25 Microsoft (MSFT) buyer 100 Dec 2027 $310 calls $129.50
3/19/25 Microsoft (MSFT) 625 Oct $380 puts sell to open $23.30
3/19/25 Salesforce (CRM) seller 300 Oct $240 puts to open 11.63
3/19/25 Palantir (PLTR) 2000 April 11th (W) $86 puts sell to open
3/19/25 Constellation Energy (CEG) opening sale 250 March 2026 $220 puts for $42.80
3/18/25 Nasdaq 100 ETF (QQQ) large opening seller of 3000 Dec 2026 $420 puts at $25.62 in a single block
3/18/25 Nasdaq 100 ETF (QQQ) also sees a buyer of 2500 April 30th $500 calls at $5.12 to $6.05
3/18/25 Ark Innovation ETF (ARKK) buyer of 11,860 May $47 calls $4.35
3/18/25 Silver ETF (SLV) buyers in Sept $28 calls 8500X $4.05 offers
3/18/25 Gold ETF (GLD) 2000 April $279 puts being sold to open 4.60
3/18/25 Target (TGT) size opening sale 900 March 2026 $90 puts 8.05
3/18/25 Electronic Arts (EA) with 600 Sept $135 puts sold to open 7.93
3/18/25 Electronic Arts (EA) 1500 April $140 puts sold to open $3
3/18/25 Texas Roadhouse (TXRH) 3350 May 2nd (W) $155 puts sell to open 1.90
3/18/25 Yum China (YUMC) sees 1730 July $57.5 calls buy $3.05
3/18/25 Uber (UBER) seller of 1000 Aug 65 puts 4.4
3/18/25 Bloom Energy (BE) buyer 1500 May $26 calls $2.30 to $2.35
3/18/25 BP ADR (BP) 10,000 May $35 calls sold to open 1.12 to 1.11
3/18/25 Schlumberger (SLB) 5000 March 28th (W) $41 puts sell to open 0.81
3/18/25 Robinhood Markets (HOOD) buyer 1000 Sept $43 calls $7.60 offer
3/18/25 JP Morgan (JPM) buyers of 1100 April 11th $235 calls at $7.40
3/18/25 Berkshire Hathaway (BRK.B) buyers of 1000 April 25th $525 calls at $12.60 to $13
3/18/25 Corcept Therapeutics (CORT) with 200 January $60/$50 bull risk reversals open at $5 debit
3/18/25 Vertex Pharma (VRTX) large 1250 March $400 calls adjust out to April
3/18/25 GE Vernova (GEV) 500 May $270 puts sold to open 10.50 to 10.40
3/18/25 Taiwan Semi (TSM) buyer 2500 June $170 calls $15.20
3/18/25 Google (GOOGL) buyers of 4000 Dec $140/$180 call spreads
3/18/25 Google (GOOGL) block 1800 Sept 2026 $130 puts sells to open 9.30
3/18/25 Oracle (ORCL) stock replacement sold to open 1655 Jan 2027 $85 puts at $3.85
3/18/25 Amazon (AMZN) 1200 May 2nd (W) $180 puts sell to open for 5.86
3/18/25 Amazon (AMZN) buyers of 1100 May 2nd $200 calls at $7.53, and sells the $170 puts at $3.05
3/18/25 Marvell Tech (MRVL) opening sale of 500 Jan 2027 $60 puts at $12.40
3/18/25 NetEase (NTES) seeing 1250 June $140/$80 bull risk reversals open at $0.51 credit
3/18/25 Dell (DELL) 400 March 2026 $75 puts sell to open 7.03
3/17/25 Nasdaq 100 ETF (QQQ) large lots buying 4500 April 30th $510 calls at $3.75 offers
3/17/25 S&P 500 ETF (SPY) 1000 March 2026 $635/$535 bull risk reversals open at $9.14 credit, adjusting strikes up
3/17/25 S&P 500 ETF (SPY) also 5300 June $495 puts sell to open at $4.30 as Sept $515 short puts adjust
3/17/25 Discretionary ETF (XLY) with 3000 June $151 puts sold to open at $1.14
3/17/25 Bitcoin ETF (IBIT) massive buyer for over 11,500 Jan $54 calls at $8.50 to $8.75 in large blocks, over $10M
3/17/25 Semiconductors ETF (SMH) trade sold to open 1000 Jan 2027 $180 puts at $14.59 to buy 1000 Aug $255 calls at $9.54
3/17/25 Energy ETF (XLE) sees 10,000 May $95 calls bought at $1.71
3/17/25 Dollar Tree (DLTR) 1475 August $95 calls bought $1.80 to $1.88
3/17/25 NetEase (NTES) 800 June $90 puts sold to open 3.30
3/17/25 Penn Gaming (PENN) with 5000 May $19/$16 bull risk reversals open at $0.05 debit
3/17/25 Uber (UBER) opening seller 300 ITM Oct $85 puts $14.85 bid
3/17/25 Uber (UBER) 350 Oct $72.5 puts sold to open $7.46
3/17/25 Marathon Petro (MPC) 500 Sept $155 calls sold to open 10.55
3/17/25 Chevron (CVX) opening sales of 10,000 June $170 calls at $2.90
3/17/25 Exxon (XOM) opening sale of 1500 May $110 puts at $2.66
3/17/25 Coinbase (COIN) 1500 Dec $160 puts sold to open near $28
3/17/25 Citigroup (C) large opening sale 3000 July 2026 $75 puts 10.90 to 10.85
3/17/25 Abbott Labs (ABT) 1050 Sept $130 calls bought $8.10 with May 110 adjustments
3/17/25 Glaxo (GSK) buyer 10,000 August $41 calls $2.30 offer
3/17/25 Baidu (BIDU) sees large buyers of 1150 May $85 ITM calls at $15.40 to $16.15
3/17/25 Apple (AAPL) 4250 April 11th (W) $200 puts selling to open
3/17/25 Apple (AAPL) sees big put seller for 3000 Oct $210 $15.55 to $15.50
3/17/25 Apple (AAPL) also sees an opening seller of 1300 Jan 2027 $150 puts at $7.10
3/17/25 Amazon (AMZN) 3500 May 2nd (W) $170 puts sold to open
3/17/25 Nvidia (NVDA) opening sale 1000 April 25th $120 puts at $8.45
3/17/25 Meta (META) 1500 April 11th (W) $605 puts sold to open $25.10
3/17/25 Rubrik (RBRK) buyers 1100 July $80 calls $7.40 to $7.90
3/17/25 Zoom (ZM) opening seller of 2000 Jan $75 puts at $8 as the June $82.50 short puts adjust