Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 9:15 FOCUS LIST: NVDA, META, NFLX, SPOT, PLTR, GEV, RKLB, UBER
4) 14:00 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), HWM, KTOS, DRS, GE, AVAV, CW, ASTS, JOBY, ACHR, ATRO, BKSY, PL, KRMN
5) 19:05 Stock Review – Software: IGV (ETF), NBIS, ORCL, RBRK, CRWD, CYBR, TWLO, SNOW, VEEV, DOMO, APP
6) 22:20 Stock Review – Semiconductors: SMH (ETF), TSM, AVGO, ARM, MU, KLAC, TTMI, CLS, JBL, FN, AMSC, CRDO, COHR
7) 25:40 Stock Review – Energy/Data Center related: VST, CEG, VRT, NRG, WWD, BE, OKLO, SMR, NNE
8) 28:10 Stock Review – Others/General Ideas/Commentary: EQT, HNGE, COIN, BROS, IONQ, ARQQ, SHOO, FIVE, ATI, TOST, TKO, DASH, HOOD, RBLX, SHAK, IBIT
9) 33:25 Conclusion/Summary

Market Summary:
We’re still in a power trend because the major indexes are above their key moving averages, there’s little distribution, and many growth stocks continue to act well. As I mentioned, I reduced some of my exposure into the strength over the past week or so. Please don’t read too much into this. I’m simply doing it to lock in some gains. Based on the probabilities and the seasonality, I am expecting some form of a pullback/consolidation over the next two months. I can’t stress this enough: What you should do depends on your timeframe, risk tolerance, and your overall plan. In other words, please don’t copy me or anyone else blindly. Make decisions based on WHAT WORKS FOR YOU.

In last weekend’s video, I reviewed many of the positive signs: 1) We are just breaking out of a 6-month range on the S&P 500 and Nasdaq Composite. 2) We just had a 20% correction. 3) There’s almost no distribution on the Nasdaq Composite and only subtle distribution on the S&P 500. 4) Sentiment is neither euphoric nor at extreme bullish levels. 5) Many growth stocks continue to act well. 6) The longer-dated bullish options flow continues to be very strong.

To summarize my views as concisely as I can: Shorter-term, I recently reduced my exposure down to approximately 50% invested to lock in some gains and because I am expecting some form of a pullback/consolidation over the near-term. If we keep going higher over the next few weeks, I’m ok with that because I still have exposure. If we do see a pullback, I am not expecting anything major, and I will look to put money to work in some of the best relative strength names. Right now, it looks like some of those will be in the Aerospace/Defense sector, and AI-related stocks, but of course I will keep screening to find some of the strongest names. Longer-term, I am still bullish and think we’re in a secular bull market powered by AI. Again, please know your timeframe and keep in mind that actively managing a stock portfolio is not easy.

Remember the main guidelines during power trends: 1) Use the 21-day as your guide. In other words, if we are extended from this level, don’t be surprised to see minor pullbacks through price and/or through time. 2) Expose yourself to strong stocks and ETFs. Between the Focus List and the other stocks, there are plenty of ideas in these videos. 3) Get strong entry points near the 21-day and 50-day moving averages. 4) Manage your trades as best as possible based on your timeframe, risk tolerance, and overall investment plan. I can give guidelines, but ultimately, you need to decide what position sizes to use, the number of positions to own, when to take profits, and where to set your stop losses. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
7/25/25 Russell 2000 ETF (IWM) buyers of 6500 Aug 29th $230/$245 call spreads at $2.61
7/25/25 Gold Miners ETF (GDX) opening sale 1200 June $54 puts at $6.06
7/25/25 Silver ETF (SLV) sees opening sellers of 2000 March $35.50 puts at $2.95
7/25/25 Financials ETF (XLF) buyer of 4000 June $59 calls at $1.55 and sells the $51 puts at $2.24 in bull r/r
7/25/25 Financials ETF (XLF) also with 2500 Jan 2027 $65 far OTM calls bought at $1.08 to $1.20 offers
7/25/25 Tesla (TSLA) size selling 4000 Aug 8th (W) $310 puts to open
7/25/25 Tesla (TSLA) another 17,000 Nov $355 calls bought at $24.15 as August $350 adjust for more time
7/25/25 Tesla (TSLA) massive opening sellers of 4000 August 29th $320 puts at $18.60 to $18.50 bids
7/25/25 Tesla (TSLA) seeing 1500 May $610 calls bought at $12.40 to $12.90
7/25/25 Tesla (TSLA) buyers in May $610 and $620 calls 1200X each
7/25/25 Tesla (TSLA) 1000 Nov $205 puts sold to open at $3.30
7/25/25 Yeti (YETI) seeing 9450 August 40/50 call spreads buy 2.37
7/25/25 Netflix (NFLX) 400 Aug 29th (W) $1050 calls bought for $5.8M
7/25/25 Best Buy (BBY) buyer 1250 March $85 calls $2.49
7/25/25 GEO Group (GEO) 3500 Oct $28 calls buying $2.25
7/25/25 GEO Group (GEO) also buyers 2000 Jan $29 calls $3.40 offers
7/25/25 Floor and Decor (FND) size buyer 400 Jan 2027 $60 calls ITM 29.70
7/25/25 Home Depot (HD) with 400 June $270 puts sell to open $4.60
7/25/25 EQT (EQT) seller to open 8200 Jan 2027 $47 puts at $5.45 bids
7/25/25 Citigroup (C) trade sold 1000 Jan 2027 $100 ITM puts to open $13.85
7/25/25 Coinbase (COIN) seeing 2500 Jan $290 deep ITM calls bought at $127.60
7/25/25 Vertex Pharma (VRTX) opening sale of 406 Oct $420 puts at $8
7/25/25 AbbVie (ABBV) 5000 Sept $175 short puts open 2.61
7/25/25 Modine Manufacturing (MOD) buyer 1800 Aug $105 calls at $5.25 as $100 calls adjust
7/25/25 GE Vernova (GEV) 1000 Aug 8th (W) $700 calls buy $5.30 to $6.50
7/25/25 Bloom Energy (BE) 2850 Jan 2027 $32 puts sold to open 8.70 to 8.60
7/25/25 Bloom Energy (BE) buyer of 10,000 Sept $37 calls at $3.40 as Nov $30 adjust
7/25/25 Rocket Lab (RKLB) buyer 300 Jan 2027 $70 calls 12.75
7/25/25 Albemarle (ALB) another 5000 Jan $60 puts sold to buy $100/$120 call spreads
7/25/25 Nvidia (NVDA) buyer of 1050 Jan 2027 $217 calls at $5.74
7/25/25 Nvidia (NVDA) 2000 Feb $140 puts sell to open $6.10 to buy 1000 Feb $200 calls at $11.30 for bull r/r
7/25/25 Cloudflare (NET) buyers of 1000 August $200 calls at $12.20 to $13.20
7/25/25 Amazon (AMZN) opening sale of 1000 Dec $230 puts at $14.37 as $195 short puts adjust
7/25/25 Meta (META) buyer 700 Aug 29th (W) $695 ITM calls for $3M
7/25/25 Unity Software (U) 1000 Dec $31 puts sell to open $4.25
7/25/25 Palantir (PLTR) buyers of 3000 Sept $170 calls for $3.2M
7/25/25 Reddit (RDDT) buyer 500 Jan 2027 $310 calls $14.70
7/25/25 Google (GOOGL) 1000 May $180 puts sell to open $11.65
7/25/25 Marvell Tech (MRVL) opening sale 500 Dec 2026 $65 puts at $10.70 bids
7/25/25 Marvell Tech (MRVL) also sees a large opening sale of 10,000 Nov $60 puts at $2.65
7/25/25 ASML Holding (ASML) 1000 Aug 1st (W) $710 puts sold to open for $10.30
7/25/25 Vertiv (VRT) 1400 Oct $110 short puts open 3.96
7/25/25 Microsoft (MSFT) large buyer of 2500 Dec $600/$700 call spreads at $4.53
7/25/25 Microsoft (MSFT) also 2000 Oct $515 calls bought 21.65
7/25/25 Advanced Micro (AMD) 1000 June 2027 $140 puts sell to open $20.68 as Jan 2027 $120 short puts adjust
7/25/25 AST SpaceMobile (ASTS) 1200 Jan $50 puts being sold to open $10.30 to $10.20
7/25/25 AST SpaceMobile (ASTS) buyer 900 Jan 2027 $90 calls for $14
7/25/25 Oklo (OKLO) 500 March $65 puts sell to open 14.85 bid
7/25/25 GDS Holdings (GDS) opening seller 1000 Jan $30 puts for $3.61
7/25/25 Nano Nuclear (NNE) buyers of 2700 Aug $50 calls at $1.40
7/25/25 Vistra (VST) with 900 Oct $200 calls bought at $16 to $17.70
7/25/25 CMS Energy (CMS) buyer 2500 Dec $75 calls at $2.30, reports 7/31
7/24/25 S&P 500 ETF (SPY) 1600 Dec 31st (W) end of year $592 puts sold to open $11.61
7/24/25 S&P 500 ETF (SPY) opening sale 4500 Sept 30th (W) $615 puts $7.57
7/24/25 S&P 500 ETF (SPY) buyer of 45,000 Aug 8th (W) $640 calls in a block $4.37 to $4.38
7/24/25 S&P Equal Weight ETF (RSP) size opening sale 2000 Jan 2027 $187 puts for 10.42
7/24/25 S&P Equal Weight ETF (RSP) also 16,000 Dec $170 short puts open $2.15 to $2.10 as the Sept 160 adjust
7/24/25 Ethereum ETF (ETHA) buyers of 2000 Aug 22nd $28 calls at $1.95, spread vs the $32 calls sold
7/24/25 Ethereum ETF (ETHA) massive opening sales of 7000 August $30 ITM puts for $2.85 to $2.82 bids
7/24/25 Tesla (TSLA) 1000 Dec 2027 $125 puts sell to open $10.90
7/24/25 Hims and Hers Health (HIMS) 5000 August $56 puts sold to open $5.65
7/24/25 Roblox (RBLX) 800 Oct $120 short puts open $12.85
7/24/25 Deckers Outdoors (DECK) buyer of 585 August $106 calls at $7.70 into earnings
7/24/25 Deckers Outdoors (DECK) 1500 August $100 calls buy at $9.74 as $110 calls adjust
7/24/25 Las Vegas (LVS) buyer 3000 March $50 calls $6.50
7/24/25 Las Vegas (LVS) 35,000 Jan $45 calls buy $8.20 as the Sept $35 adjust
7/24/25 Uber (UBER) 2200 Oct $82.5 puts sold to open 2.51
7/24/25 Uber (UBER) 600 March 87.5 puts sell to open 7.40
7/24/25 Uber (UBER) buyer 1000 March $110 calls $5.60
7/24/25 Shopify (SHOP) 720 Oct $120 puts sell to open 10.05 bid
7/24/25 Shopify (SHOP) also seeing sellers 800 Jan 2027 $100 puts
7/24/25 Toast (TOST) 4000 Sept $39 short puts opening 0.69
7/24/25 Citigroup (C) 15,500 Sept $97.5/$115 call spreads buy $3
7/24/25 GEO Group (GEO) buyers of 4300 Sept $25 calls at $2 to $2.10
7/24/25 Galaxy Digital (GLXY) big buyer in Sept 2026 $32.50 calls 2500X $12.28 to $12.60
7/24/25 Galaxy Digital (GLXY) large buyers of 1000 June $32.50 calls at $12.70 to $12.80
7/24/25 Robinhood Markets (HOOD) 1000 Feb $80 puts sold to open for 8.33
7/24/25 Robinhood Markets (HOOD)opening seller of 1250 March $145 calls at $9.80.
7/24/25 Robinhood Markets (HOOD) buyer of 2000 Dec $115 calls at $12.63 as $100 calls adjust
7/24/25 Circle (CRCL) buyers of 700 Sept $170 ITM calls at $31.50 to $32.60
7/24/25 GE Vernova (GEV) sees 1155 Aug 29th $515 puts sell to open $3.60
7/24/25 GE Vernova (GEV) 250 Sept $650 puts sell to open $51.70
7/24/25 Rocket Lab (RKLB) 500 January $42 short puts open 7.20 bids
7/24/25 Bloom Energy (BE) 1625 Jan 2027 $42 calls bought 8.20 to 8.60
7/24/25 Bloom Energy (BE) 1000 max strike Jan $44 calls bought 3.60
7/24/25 Microsoft (MSFT) large buyer of 1700 Dec $560 calls at $11.40 offer
7/24/25 Amazon (AMZN) buyers of 1000 Sept 5th $240 calls at $6.30, reports 7/31
7/24/25 Amazon (AMZN) buyers 2000 Oct $230/$260 call spreads
7/24/25 Alibaba (BABA) buyer 2000 Jan 2027 $150 calls 16.20
7/24/25 Alibaba (BABA) 900 Feb $135 calls bought $11.10
7/24/25 Alibaba (BABA)large buy 10,000 Feb $160 calls $5.35
7/24/25 Alibaba (BABA) also opening seller 1000 Dec 2026 $120 puts for 18.10
7/24/25 Atlassian (TEAM) 400 March $230 calls bought $24 to $24.20, reports 8-7
7/24/25 Oracle (ORCL) massive buy 2500 Dec 2027 $290 calls $47.35
7/24/25 GDS Holdings ADR(GDS) buyer 4000 Oct $37 calls $5.38 adjusting Sept 30 calls
7/24/25 NuScale Power (SMR) 4000 Sept $55 calls buying $6.33 to $6.80
7/24/25 Centrus Energy (LEU) buyer 300 Nov $170 calls $88
7/24/25 NRG Energy (NRG) buyer 2000 Sept $170 calls $7.40
7/24/25 China Internet ETF (KWEB) large spreads selling to open 17K Jan $32 puts at $1.29 and buys 17K Jan $38/$47 call spreads for $2.19