Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 6:45 FOCUS LIST: NVDA, META, NFLX, SPOT, PLTR, GEV, RKLB, UBER
4) 9:40 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), KTOS, GE
5) 11:05 Stock Review – Software: IGV (ETF), MSFT, ORCL, NBIS, APP, SNOW, RBRK, NET, U
6) 16:05 Stock Review – Semiconductors: SMH (ETF), TSM, AVGO, CLS, SANM, FN, AMSC, TTMI, CRDO, ALAB, ANET, LASR, LITE
7) 19:40 Stock Review – Energy/Data Center related: VST, CEG, VRT, NRG, BE, MOD
8) 20:45 Stock Review: Medical/Biotech: XBI (ETF), IBB (ETF), INSM, MDGL, RIGL, MRUS, TARS, RNA
9) 22:45 Stock Review – Others/General Ideas/Commentary: SPHR, HNGE, Z, TKO, SHOP, DASH, RBLX, HOOD, SOFI, RDDT, VSAT, MP, METC, AREC, REMX (ETF), IBIT
10) 27:00 Stocks Near Buyable Ranges: NFLX, RKLB, XAR (ETF), RBLX
11) 30:35 Conclusion/Summary

Market Summary:
As I mentioned in the Market Note to Members on 9/9/25, I increased my investment levels on Monday and Tuesday of this week for three main reasons: The strong price action in the indexes, the continued strong announcements in AI-related news, and he strong price action in growth stocks. From here, I’m going to stick to my 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 good luck for the remainder of this week.

Unusual Options Activity:
9/10/25 Nasdaq 100 ETF (QQQ) stock replacement sold 8000 Sept 30th $545 puts at $1.34 bids
9/10/25 Semiconductors ETF (SMH) large buyers of 2700 Dec $330 calls at $7.59
9/10/25 Semiconductors ETF (SMH) large trade sold 1000 Dec 2026 $300 puts to open for $34.50
9/10/25 Silver ETF (SLV) opening sellers of 2500 March $37 puts at $2.46 to $2.43
9/10/25 Uranium ETF (URA) 1000 Jan 2027 $36 puts sold to open 3.50
9/10/25 Bitcoin ETF (IBIT) large buyers of 12,500 Dec $75 calls at $2.52 offers in size lots
9/10/25 China Internet ETF (KWEB) buyer 23,000 Dec $45/$50 call spreads
9/10/25 Lyft (LYFT) trade sells to open 10k June $12 puts at $0.77 to buy 10k June $25/$35 call spreads at $1.47
9/10/25 Sphere Entertainment (SPHR) buyers of 3000 Feb $80 calls at $1.70
9/10/25 Uber (UBER) with 1000 Dec 2026 $110/$140 call spreads bought $7.25
9/10/25 Bloom Energy (BE) buyers of 1700 Jan 2027 $85 calls at $18 to $18.87 as the $70 calls adjust
9/10/25 Bloom Energy (BE) opening sellers of 1750 Nov $40 puts at $1.60
9/10/25 Coinbase (COIN) 4000 Sept $342.5/$362.5 call spreads bought
9/10/25 Coinbase (COIN) trading 2500 Sept $335/$290 bull risk reversals
9/10/25 Coinbase (COIN) 600 Oct 24th (W) $330 ITM puts sold to open 28.25 bids
9/10/25 Blackstone (BX) buyers of 1250 Nov $160 ITM calls at $23 to $23.25
9/10/25 IREN (IREN) block of 2850 March $43 ITM puts sell to open $15.70
9/10/25 IREN (IREN) buyer 3000 Nov $35 calls $4.99
9/10/25 Visa (V) buyers of 1600 Oct $340 calls at $8.90
9/10/25 Robinhood (HOOD) buyer of 3000 Sept 26th $122 calls at $4.50 as the Sept 12th $120 calls adjust
9/10/25 Tempus AI (TEM) 1500 Dec $100 calls buying $5.40 to $5.50
9/10/25 Tempus AI (TEM) buyer 500 Dec $110 calls $4.30
9/10/25 Vertiv (VRT) buyers of 2800 Oct $150 calls at $5.40
9/10/25 Modine Manufacturing (MOD) 1500 Oct $160 calls bought $5.46 as Sept 150 adjust
9/10/25 Peabody Energy (BTU) 1000 Dec 2026 $18 puts sell to open 3.75 bids
9/10/25 Micron (MU) buyer of 5000 Oct 3rd $150 calls at $4.67 as the $140 call adjust
9/10/25 Nvidia (NVDA) opening sales of 2200 Oct 24th $180 puts at $8.80
9/10/25 Oracle (ORCL) buyer of 1200 Nov $350 calls at $15.70 to $16.50
9/10/25 Arista Networks (ANET) 4300 Oct $155 calls buy at $5.30 offers up to $6.60
9/10/25 Arista Networks (ANET) sees 3400 Nov $175 calls bought $6.20 to $6.50
9/10/25 CoreWeave (CRWV) 1750 Nov $140 calls bought $12.40 to $12.80
9/10/25 CoreWeave (CRWV) buyer 2500 Nov $155 calls for $5.94
9/10/25 Broadcom (AVGO) buyer of 1100 Feb $490 calls at $10.50
9/10/25 Broadcom (AVGO) 500 Jan 2027 $330 short puts open $46
9/10/25 Google (GOOGL) 10,000 Dec $260 calls buying as some Nov 240 adjust
9/10/25 Reddit (RDDT) buyer of 400 Sept 2026 $370 calls at $33.65 for $1.4M
9/10/25 Reddit (RDDT) buyer 1000 Oct 3rd (W) $260/$310 call spreads
9/10/25 Unity Software (U) 1000 Jan $47 ITM puts sell to open $8.95
9/10/25 Cloudflare (NET) buyer of 500 Dec $200 calls at $36.97 as some Sept $155 calls adjust
9/10/25 Taiwan Semi (TSM) seller to open 600 June $250 puts $23.40
9/10/25 Apple (AAPL) buyers 10,000 Oct 3rd (W) $235 calls 2.50 to 2.90
9/10/25 Apple (AAPL) large buyer of 15,150 Nov $220 ITM calls at $15.49 in a single block for $23.5M
9/10/25 Vistra (VST) buyers of 2300 Nov $205 calls at $19.60 as the $185 calls adjust
9/10/25 Oklo (OKLO) 1050 Dec $90 calls bought $8.69 to $9
9/10/25 NuScale Power (SMR) 400 March $30 puts sold to open $5.25
9/10/25 EchoStar (SATS) opening seller of 1200 Dec 2027 $125 calls for $17.50 bids
9/9/25 Gold ETF (GLD) 80,000 Oct $340/$355 call spreads open as the 330/350 adjust
9/9/25 Gold ETF (GLD) opening sale 3000 Oct $329 puts $3.81
9/9/25 Silver ETF (SLV) buyer 10,000 Jan $43.50 calls $0.68
9/9/25 Regional Banks ETF (KRE) buyer 5000 Feb $66 calls $4.39
9/9/25 Bitcoin ETF (IBIT) buyers of 3000 Oct 31st $65 calls at $3.15 offers
9/9/25 Tech ETF (XLK) 2000 June $315 calls buy $4.15 to open
9/9/25 Nasdaq 100 ETF (QQQ) 6000 Nov $510 short puts opened
9/9/25 Tesla (TSLA) 5000 Oct 24th (W) $330 puts sold to open $16.90
9/9/25 Tesla (TSLA) 1100 Oct 10th $340 puts sell to open $15.34 as the Sept $300 short puts adjust higher
9/9/25 On Holding (ONON) 10,000 Nov $35 short puts open 0.51 to 0.50
9/9/25 Netflix (NFLX) large buy 1195 Nov $1260 calls as Sept $1280 adjust
9/9/25 Wynn Resorts (WYNN) buyers of 800 June $170 calls $4.10
9/9/25 Disney (DIS) 500 Feb $115 puts sell to open $6.30
9/9/25 IREN (IREN) massive opening seller of 17,000 Jan 2027 $30 puts at $11.40
9/9/25 Citigroup (C) size buy 2000 Sept 2026 $100 puts at $11.70
9/9/25 Goldman Sachs (GS) 250 Jan $800/$750 bull put spreads sell to open and buys 300 of the $800 calls at $38
9/9/25 Tempus AI (TEM) 475 Dec $70 short puts opening 6.70
9/9/25 Merus (MRUS) trades 1000 Jan $80/$55 bull risk reversals
9/9/25 Planet Labs (PL) 1000 April $9 short puts open 1.80
9/9/25 Apple (AAPL) opening seller of 5000 Oct 10th $220 puts at $1.50
9/9/25 Credo Tech (CRDO) buyer of 275 Jan 2027 $200 calls at $41.19
9/9/25 Broadcom (AVGO) opening sales of 200 Dec 2026 $300 puts at $36.35 to $34.70 bids
9/9/25 Broadcom (AVGO) 7500 Oct $400 calls buying $2.39 to $2.60
9/9/25 Taiwan Semi (TSM) buyer 1500 Nov $260 calls $12 to $12.60
9/9/25 Advanced Micro (AMD) 12,000 Nov $155 calls buy $12.80 adjusting Sept calls
9/9/25 Advanced Micro (AMD) buyer of 1400 Oct 24th $160 calls at $6.52
9/9/25 Nebius Group (NBIS) 1225 Jan 2027 $50 short puts opening at $7.50
9/9/25 Nebius Group (NBIS) buyers of 590 March $90 calls at $18.50 to $20
9/9/25 Nebius Group (NBIS) buyers of 4000 Oct $90 calls at $7.80 to $9.80, some spread vs sales of the $110 calls at $3.12
9/9/25 CoreWeave (CRWV) buyer 1500 Dec $125/$150 call spreads
9/9/25 Unity Software (U) seeing 2000 June $65 calls buy $6 to $6.15 in stock replacements
9/9/25 Nvidia (NVDA) 2000 Oct 24th (W) $165 puts sell to open $6.71
9/9/25 Palantir (PLTR) Nov $160 calls buy 27,500X as more Sept 140 adjust
9/9/25 Micron (MU) buyer of 5200 Oct 3rd $140 calls at $5.17 to $6.015 as the $135 calls adjust
9/9/25 Amazon (AMZN) 10,000 Dec $200 puts sold for $3.02
9/9/25 Amazon (AMZN) large buyer of 5000 Feb $235/$270 call spreads at $14.80
9/9/25 Meta (META) another buy of 2000 Nov $720 calls today $73
9/9/25 EchoStar (SATS) 2000 Sept 26th $74 puts sell to open 1.10
9/9/25 Vistra (VST) Nov $200 calls buy 2675X as Sept 187.5 adjust
9/8/25 Nasdaq 100 ETF (QQQ) 10,000 Sept 30th (W) $565 puts sell to open 4.50 to 4.47
9/8/25 Nasdaq 100 ETF (QQQ) size trade opens 13,000 Oct $595/$565 bull risk reversals for a 1.13
9/8/25 Nasdaq 100 ETF (QQQ) buyer of 10,000 Nov $605 calls for $8.23
9/8/25 Grayscale Ethereum ETF (ETHE) buyer of 3000 Jan $36 calls $6.35
9/8/25 Bitcoin ETF (IBIT) buyer 75,000 Oct $70/$80 call spreads and 75,000 Oct 31st (W) $70/$80 call spreads
9/8/25 Silver ETF (SLV) 9000 Oct 24th (W) 38/40.5 call spreads bought
9/8/25 China ETF (FXI) opening sale 10,000 Jan 2027 $37 puts for $3.10
9/8/25 Celsius Holdings (CELH) buyer 400 Jan 2027 $85 calls $5.70 offer
9/8/25 Celsius Holdings (CELH) buyer 2000 Oct $57.5 calls $2.56 offer
9/8/25 Tesla (TSLA) opening sale 600 Oct 24th (W) $340 puts 20.45
9/8/25 Walmart (WMT) 2450 ITM Nov $110 puts selling to open 9.55 to 9.40
9/8/25 Archer Daniels (ADM) 10,000 Oct $65 calls buy $1 as Sept adjust
9/8/25 Dollar General (DG) opening sale 1000 Sept 2026 $110 puts $14.15
9/8/25 Wix (WIX) 500 Jan $140 puts sell to open
9/8/25 Wix (WIX) also seeing 1200 Nov $130 puts sell to buy the $160/$180 call spreads
9/8/25 Uber (UBER) 1000 Jan 2027 $77.50 puts sold to open $7.40
9/8/25 Shopify (SHOP) buyer 1500 Jan $150 calls 14.75
9/8/25 Sphere Entertainment (SPHR) buyer 1000 Jan 75 calls 1.85 offer
9/8/25 Bloom Energy (BE) 1000 ITM Jan $70 puts sell to open 19.90 to 19.80
9/8/25 Exxon (XOM) 20,000 Dec $120 calls sold to open 1.40
9/8/25 Zillow (Z) buyer 500 Jan $105 calls $3.25 and buyer 800 June $125 calls $3.65
9/8/25 Robinhood (HOOD) buyers 3050 Sept 26th (W) $111 calls for $2.7M
9/8/25 Robinhood (HOOD) buyer of 500 each Sept 2026 $110 and $120 calls for $3.2M net
9/8/25 Robinhood (HOOD) 1350 Oct 24th (W) $130 calls bought $4.90 offer
9/8/25 Robinhood (HOOD) also 1750 Nov $145 calls buying in large lots
9/8/25 Goldman Sachs (GS) buyer 450 August 2026 760/800 call spreads
9/8/25 Coinbase (COIN) buyer 16,280 Nov $300 calls for $55M as the Sept $320 adjust
9/8/25 Nektar Therapeutics (NKTR) 2500 Oct $50 calls buying $1.37 up to $1.85
9/8/25 Nektar Therapeutics (NKTR) also 1000 Nov $40 short puts open $5.50
9/8/25 Tourmaline Bio (TRML) unusual buy 1000 Sept $30 near-term calls $1.95
9/8/25 Merus (MRUS) bull spread sold 2000 Jan $55 puts and bought 2000 of the Jan $80 calls, net $2.80 debit
9/8/25 Merus (MRUS) also buyer 500 Jan $90 calls for $3.60
9/8/25 Tempus AI (TEM) 1000 Jan $65 short puts opening $5.90
9/8/25 J&J (JNJ) 10,000 Nov $190 calls sold to open 1.55 to 1.51
9/8/25 FTAI Aviation (FTAI) seeing 500 Oct $150 calls buy $13.40 to $14.90
9/8/25 Powell Industries (POWL) 600 Feb $210 ITM calls opening $84
9/8/25 Newmont (NEM) 1500 Jan 2027 $77.50 calls buy $12.63 to $12.80
9/8/25 Broadcom (AVGO) 3300 Oct $360 calls buying early $4M
9/8/25 Broadcom (AVGO) 700 April $360 calls bought $42.40 to $42.90
9/8/25 Nvidia (NVDA) 1100 August 2026 $150 puts sell to open $14.15
9/8/25 Oracle (ORCL) 675 June $310 calls bought $15.45 to $15.64
9/8/25 Celestica (CLS) 400 December $240/$300 call spreads bought with lower strikes adjusting higher
9/8/25 CoreWeave (CRWV) 1500 Oct 3rd (W) $80 calls ITM bought $14 to $15
9/8/25 Reddit (RDDT) buyer 450 Dec $180 ITM calls $73 to $74
9/8/25 Palantir (PLTR) 625 August $145 puts sold to open $24.80
9/8/25 Palantir (PLTR) 12,400 Nov $160 calls bought $15.65 as Sept $140 calls adjust
9/8/25 Astera Labs (ALAB) buyer 500 Oct $250 calls $6.20 offer
9/8/25 Astera Labs (ALAB) 500 Jan $190 puts sell to open $23.80
9/8/25 Advanced Micro (AMD) buyer 5000 May $200 calls $9.80 offer
9/8/25 Amazon (AMZN) opening sale 1200 April $190 puts $5.18
9/8/25 Meta (META) size buy 2000 Nov $720 calls for $72
9/8/25 EchoStar (SATS) 2000 Dec $70 puts sold to open 6.60 to 6.50