Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:55 RELATIVE STRENGTH LIST: NFLX, SPOT, PLTR, SFM, UBER, CRWD, RKLB
4) 12:50 Stock Review – Aerospace/Defense: SHLD (ETF), HWM, KTOS, MRCY, DRS, GE, ASTS
5) 14:30 Stock Review – Biotech/Medical: VRTX, GH, GRAL, PEN, BSX
6) 16:50 Stock Review – Others/General Ideas/Commentary: RBRK, NGVC, TEM, BYDDF, GEO, GEV, NRG, EQT, VST, CEG, DASH, BKNG, V, CRWV, DAVE, MSTR, IBIT
7) 21:30 Conclusion/Summary

Market Summary:
We had a follow through day (FTD) on Tuesday, April 22, and a second FTD on Wednesday, April 23. In addition, we had various breadth thrusts recently (including a Zweig Breath Thrust) and I reviewed them in the 4/26/25 Weekend Video. The price action in some growth stocks continues to improve. The relative strength names highlighted in recent videos continue to act well. The major indexes are back above their 50-day moving averages but still below their 200-day moving averages.

CONCLUSION: For me, I am approximately 65% invested. I’m still not sure if this is a short covering rally back to the 200-day that will eventually fail, or if this is the start of a new powertrend. By staying 65%, if the market moves higher, I will hopefully participate, and if we see more downside, I will hopefully be able to contain the volatility with the 35% cash position. Over the near-term, I wouldn’t be surprised to see a consolidation of the recent gains. In this video, I discuss how a range would be perfectly normal, and I remind members to know your timeframe and get those strong entry points to help you deal with these normal consolidations. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
5/7/25 S&P 500 ETF (SPY) 2370 August $541 puts sold to open for $3.88M
5/7/25 Housing ETF (XHB) 1000 September $94 puts sold to open $6.35
5/7/25 China Internet ETF (KWEB) buyers of 8000 Jan 2027 $30 ITM calls at $8.95 to $9.05 in big blocks of over $7M
5/7/25 Dicks Sporting (DKS) 1500 May 30th $195 calls buying $9 to $10 and sells 1500 May 16th $180 puts for $2.50 to $3
5/7/25 Tesla (TSLA) buyer 400 June 13th (W) $255 calls $31.40
5/7/25 Home Depot (HD) seeing more June 2027 $360 calls bought at $62.20
5/7/25 Uber (UBER) buyer 2000 Oct $115 calls $1.38
5/7/25 AppLovin (APP) buyer 2000 May 30th (W) $320/$350 call spreads for $9.50
5/7/25 Dutch Brothers (BROS) more put sellers into earnings with 2140 May $60 sold
5/7/25 Netflix (NFLX) sees those large May $905 calls adjust out to buy 1175 July $1140 calls at $91.41
5/7/25 Conoco (COP) 750 Nov $80 puts sell to open $5.65 and buys the Jan $100 calls 5000X $5.10
5/7/25 Morgan Stanley (MS) large opening sales of 10,000 July $100 puts at $1.49
5/7/25 J&J (JNJ) sees 3700 June $150 ITM calls bought at $7.30 to $7.45 adjusting May $160
5/7/25 Immunocore (IMCR) opening sale of 2000 Oct $30 puts for $3.80
5/7/25 Cytokinetics (CYTK) large buyer of 2500 Jan 2027 $40 calls at $9 to $10
5/7/25 Guardant Health (GH) buyer 1000 June $38 puts 2.60 offer
5/7/25 Vertiv (VRT) 3600 July $75 puts sold to open 2.65
5/7/25 Nvidia (NVDA) large opening sale of 11,000 June $118 calls at $6.10 bids
5/7/25 Marvell Tech (MRVL) 2000 Sept $42.5 puts sell to open $2.97
5/7/25 Marvell Tech (MRVL) also 16,050 June $40 puts sell $0.62 to open
5/7/25 Apple (AAPL) seeing 3500 June 13th $165 puts sell to open $1.41.
5/7/25 Apple (AAPL) 1300 deep ITM August $165 calls sell to open $38.65
5/7/25 Amazon (AMZN) 1800 ITM July $155 calls being sold $36.15 bids to open, similar to AAPL action
5/7/25 Microsoft (MSFT) $100M buy of 30,000 August $420 calls adjusting those $400 calls
5/7/25 Google (GOOGL) opening seller of 1500 June 2027 $125 puts for $12.94
5/7/25 Twilio (TWLO) 750 Jan $105 calls bought $17.15
5/7/25 Meta (META) 2500 June $605 calls buying $25.25 to $25.50
5/7/25 T Mobile (TMUS) 1100 Sept $240 puts bought $1.2M
5/7/25 Constellation Energy (CEG) 1920 June $330 calls sold $3.72
5/6/25 Gold Miners ETF (GDX) 3000 Sept $49 calls buy $5.30 offer
5/6/25 Bitcoin ETF (IBIT) sees 4000 Sept $70 calls buy at $2.50 to $2.63
5/6/25 Bitcoin ETF (IBIT) buyer 1500 June 30th (W) $49 ITM calls $6.98
5/6/25 Bitcoin ETF (IBIT) also 1500 Dec $65 calls bought $6
5/6/25 China Bull 3X (YINN) 1700 Jan 2027 $22 calls bought for $3.4M as the $15 calls adjust
5/6/25 Hims and Hers Health (HIMS) 1000 June $39 puts sell to open 3.84
5/6/25 Roblox (RBLX) 2500 August $72.50 calls being bought up to $6.55
5/6/25 Home Depot (HD) another 1715 June 2027 $360 calls bought $58.35
5/6/25 Exxon (XOM) 4345 August $105 calls bought as May 100 adjust
5/6/25 Bloom Energy (BE) 4000 Nov $20 calls sell to open 2.25
5/6/25 MasterCard (MA) a new June 2027 name with 969 of the $560 calls bought for $10M
5/6/25 Summit Therapeutics (SMMT) 400 Oct. $25 puts sell to open $5.60
5/6/25 Summit Therapeutics (SMMT) also 2375 June $33 calls bought 1.10 to 1.20
5/6/25 UPS (UPS) 925 Sept $75 ITM calls bought for $1.9M
5/6/25 Broadcom (AVGO) seeing those June 2027 call flows buying 1850 of the $120 calls at $54.30
5/6/25 ServiceNow (NOW) adding more to the June 2027 club with 417 of the $980 calls bought at $240, over $10M
5/6/25 Microsoft (MSFT) $10M buy of 1265 June 2027 $440 calls
5/6/25 Microsoft (MSFT) with 1000 June 2026 $420 puts sold to open at $35.20
5/6/25 Arm Holdings (ARM) $10M buy of 2175 June 2027 $120 calls
5/6/25 Oracle (ORCL) 5000 June 13th (W) $120 puts sold 1.48 to open
5/6/25 CoreWeave (CRWV) seeing 7500 OTM May $70 calls buy
5/6/25 Amazon (AMZN) large buyer of 12,900 July $185 calls at $12.55 as the May $190 calls adjust
5/6/25 Nvidia (NVDA) 4000 May 23rd (W) $109 calls bought $6.75
5/6/25 Constellation Energy (CEG) large buy of 3000 June $300 calls at $10.30, as some $270 calls adjust
5/6/25 NextEra Energy (NEE) 1250 Oct $55 puts sold 1.51 to open
5/5/25 S&P 500 ETF (SPY) 10,000 July 31st (W) $570 calls sold to open 21.68
5/5/25 S&P 500 ETF (SPY) size opening sales of 7500 Sept 30th (Q) $510 puts 11.92 to 11.47
5/5/25 China Internet ETF (KWEB) large opening sellers of 25,000 June $34 ITM puts at $1.93
5/5/25 South Korea ETF (EWY) large buyers of 10,000 July $62 calls $1.50 to $1.51
5/5/25 Bitcoin ETF (IBIT) sees 3500 Jan $56/$66 call spreads buy at $3.10
5/5/25 Software ETF (IGV) 1980 August $102 puts sold to open 6.40 bids
5/5/25 Roblox (RBLX) sees 1000 June $75 puts sell to open 5.25 to 5.20
5/5/25 Netflix (NFLX) with 700 July $920 puts sold to open 16.70
5/5/25 AppLovin (APP) buyer 550 Jan $550 calls $24.50 to $25.30
5/5/25 Uber (UBER) seeing 1000 June 2026 $100 calls bought $11
5/5/25 Starbucks (SBUX) buyer 2000 March $90 calls $7.34
5/5/25 EQT (EQT) buyer 5000 Sept $55 calls $4.59 as some $50 calls adjust higher
5/5/25 Zillow (Z) 2000 Sept $80 calls sold to open 4.11
5/5/25 Robinhood Markets (HOOD) large buyers of 11,000 July $60 calls at $1.95 to $2.15
5/5/25 Robinhood Markets (HOOD) also opening sales of 2300 Nov $27 puts for $1.51
5/5/25 MicroStrategy (MSTR) 400 Dec $390 ITM puts sold to open for $4M premium
5/5/25 Tempus AI (TEM) 1000 May 30th $55 puts sell to open at $5.50
5/5/25 Lantheus Holdings (LNTH) sees 2250 May $100/$90 put spreads buy at $2.80
5/5/25 Howmet Aerospace (HWM) buy-write sold 700 Jan 185 calls for 9.65
5/5/25 Newmont (NEM) buyers of 2500 August $47.50 ITM calls for $7.25 to $7.50
5/5/25 Crowdstrike (CRWD) with buyers of 270 July $470 calls at $30.15 to $30.45
5/5/25 Arm Holdings (ARM) buyer 2170 June 2027 $125 calls $45.70
5/5/25 Arm Holdings (ARM) buyers of 1500 June $145 calls at $3.34 and sells 3000 of the $90 puts at $1.25
5/5/25 ServiceNow (NOW) joins with a $10M buy of June 2027 $980 calls 396X
5/5/25 Advanced Micro (AMD) with 3389 June 2027 $105 calls bought for $10M
5/5/25 CoreWeave (CRWV) 7500 June $95 max strike calls buying 0.60 to 0.65
5/5/25 CoreWeave (CRWV also 400 July 62.5 calls bought 4.70
5/5/25 Palantir (PLTR) seeing 2500 June 155/180 call spreads buy into earnings
5/5/25 Palantir (PLTR) also seeing large buys of 5000 June $165 calls at $3.15 to $3.25 offers
5/5/25 Nvidia (NVDA) buyer 45,000 July $105 calls $15.45 as June 85 adjust
5/5/25 Nvidia (NVDA) sees 4000 May 23rd $118 ITM puts selling to open $6.55 to $6.45 in large lots
5/5/25 Taiwan Semi (TSM) buyer 2550 July $180 calls at $12.30 as May $175 calls start to adjust