Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 8:45 FOCUS LIST: NVDA, META, PLTR, GEV, RKLB, UBER, NBIS, KTOS, AVGO, TSM, HOOD, VRT
4) 12:15 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), AVAV, GE, PL, HWM, CW, FTAI, ASTS, BKSY, KRMN
5) 14:15 Stock Review – Software: IGV (ETF), MSFT, ORCL, SNOW, NET, CRWV, CRWD, ZS, APP
6) 15:35 Stock Review – Semiconductors: SMH (ETF), LRCX, KLAC, AMD, MU, AEIS, SMTC, TSEM, CRDO, ACMR
7) 17:10 Stock Review – Data Storage: STX, WDC, SNDK, PSTG, NTAP
8) 17:50 Stock Review – Electronic Related: CLS, SANM, FN, AMSC, TTMI, LASR, LITE, ANET, COHR
9) 19:10 Stock Review – Energy/Data Center related: VST, CEG, NRG, BE, MOD, ORA, OKLO, SMR, NNE
10) 20:55 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), LLY, TARS, NKTR, ZVRA, UTHR, MEDP, NTLA, CLPT
11) 22:00 Stock Review – Others/General Ideas/Commentary: TSLA, GOOGL, IONQ, TEM, SHOP, DASH, SOFI, CAMT, REZI, PAHC, MP, REMX (ETF), IBIT, ETHE
12) 26:20 Conclusion/Summary

Market Summary:
One of the biggest positives in the market is the resilience of the major indexes. The S&P 500 and Nasdaq Composite are holding their key moving averages. For example, on Wednesday 10/22/25, they both bounced off their 21-day EMAs and recovered to close halfway in their respective daily ranges. In addition, there are only 3 days of distribution in the past month. If more distribution days start to build up, I will definitely turn more defensive, but for now, I view this as normal profit taking during the seasonally-volatile second half of October.

One recent negative is the corrective action beneath the surface in many growth stocks. Please keep in mind a few things: 1) Many of these stocks had outsized moves to the upside, so their pullbacks will also be larger to the downside. In other words, they are higher beta names that tend to have wider ranges. 2) According to the stats I’ve presented in recent videos, the second half of October tends to be seasonally volatile. 3) Many of these growth stocks pulled back to logical support (21-day and 50-day), but unfortunately, they all seemed to do it at the same time over the past 3-5 trading days.

If this volatility is too much for you, in this video I review many of the suggestions I’ve presented over the years: 1) If you are playing for a bigger move in a stock, you just have to deal with volatility. 2) Smaller positions with a longer timeframe can help, so you are not nervous over every tick. 3) Take profits into strength. 4) Use a blend of ETFs and stocks to mitigate volatility. 5) No matter your timeframe, make sure to get strong entry points to give you a cushion during normal pullbacks. From here, I’m going to continue to shut out the noise, keep things simple, and focus on the main guidelines I’ve presented during power trends. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
10/22/25 S&P 500 ETF (SPY) 2750 June $525 short puts open 7.61
10/22/25 Semiconductors ETF (SMH) opening sales of 1600 June $360 ITM puts at $44.46
10/22/25 Semiconductors ETF (SMH) 1000 Sept $360 puts sold to open ITM $47.81 as well
10/22/25 Gold Miners ETF (GDX) 3475 March $57 short puts opening $1.59
10/22/25 China ETF (FXI) opening sale 10K June $36 puts for 1.58
10/22/25 Bitcoin ETF (IBIT) sees 5000 Nov 7th $61.50/$56 bull put spreads sell to open $1.65
10/22/25 Tesla (TSLA) 3000 Dec 2026 $350 puts sold to open $52.29
10/22/25 BJ’s Wholesale (BJ) Nov $105 calls being bought 1500X for 1.10
10/22/25 Netflix (NFLX) 1000 each Jan 2028 $1140 and $1160 calls bought for $52M
10/22/25 AppLovin (APP) buyer 2000 Nov 7th (W) $700 calls $9.90 to $10
10/22/25 AppLovin (APP) also 2000 Dec $390 short puts open $8.20
10/22/25 DoorDash (DASH) 1650 Jan $240 puts with buyers $2.6M
10/22/25 Bloom Energy (BE) buyer 1000 Dec $140 calls $10.70
10/22/25 Bloom Energy (BE) 900 March 48 short puts open 3.96
10/22/25 Edwards Lifesciences (EW) 2000 Nov 80/70 bull risk reversals open $1.75
10/22/25 GE Vernova (GEV) sees 4185 Dec $480 short puts open $9
10/22/25 GE Vernova (GEV) also 1150 Dec $420 short puts opening $5.40
10/22/25 Rocket Lab (RKLB) buyer 1000 Nov 28th (W) $70 calls $5.88
10/22/25 AeroVironment (AVAV) buyer of 1000 Nov 14th $355 calls at $23
10/22/25 Fluor (FLR) buyers of 5000 Nov $47.50 calls at $2.80 to $3.10
10/22/25 Archer Aviation (ACHR) buyer of 4000 Jan 2028 $10/$27 call spreads at $2.43
10/22/25 3M (MMM) 575 Jan 2027 $170 ITM puts sell to open 19.80
10/22/25 US Rare Earth (USAR) opening sales of 5000 June $25 calls at $9.70
10/22/25 United Antimony (UAMY) with 7000 February $15 calls buying
10/22/25 MP Materials (MP) opening seller 950 June $70 puts for $17
10/22/25 Google (GOOG) large buyer of 7500 Feb $285 calls at $12.05
10/22/25 Google (GOOGL) large opening sales of 20,000 Nov 28th $250 puts at $12.10
10/22/25 Taiwan Semi (TSM) 10,000 Nov 28th (W) $290 short puts opening $12.10
10/22/25 Celestica (CLS) 200 June $270 high Delta puts sold to open for 56.80
10/22/25 CrowdStrike (CRWD) 600 Dec $530 ITM puts sold to open $50.50 to $48
10/22/25 Zscaler (ZS) buyer 300 Dec $450 OTM calls 21.75
10/22/25 D-Wave Quantum (QBTS) 1000 Nov $28 puts sold $4 to open
10/22/25 Nebius Group (NBIS) buyer of 570 Jan 2028 $75 deep ITM calls at $57 to $58.60
10/22/25 Palantir (PLTR) 500 June 2027 $105 short puts open 14.90
10/22/25 Amazon (AMZN) trading 2500 Feb 220/250 call spreads
10/22/25 Alibaba (BABA) 3250 Jan 175/155 bull risk reversals trade for $3.55 debit
10/22/25 Alibaba (BABA) Alibaba (BABA) opening sales of 2000 Dec $145 puts at $4.40 to $4.32
10/22/25 Alibaba (BABA) CoreWeave (CRWV) late action with 5000 Dec $140 calls buying $10.60 to $10.80
10/22/25 Oracle (ORCL) buyer of 500 April $370 far OTM calls $12.30
10/22/25 Micron (MU) buyer of 1500 Feb $250 calls at $11.75 as $220 calls adjust up
10/22/25 AST SpaceMobile (ASTS) sees 1300 Dec $65 ITM calls buy $13.75 to $13.85
10/22/25 AST SpaceMobile (ASTS) also buyers of 1250 Dec $70 calls at $11.55
10/22/25 Constellation Energy (CEG) opening sale of 1300 Nov 7th $340 puts at $16.20 as Oct 31st $380 adjust
10/21/25 Nasdaq 100 ETF (QQQ) 6500 Nov 28th (W) $590 short puts opening for $5M premium
10/21/25 Russell 2000 ETF (IWM) 3500 June 2027 $245 puts sell to open $22.19 in stock replacements
10/21/25 Russell 2000 ETF (IWM) 4500 May $230 short puts trading 8.42 to 8.32
10/21/25 Gold Miners ETF (GDX) 4500 Dec $63 short puts opening $1.47
10/21/25 Biotech ETF (XBI) 8000 Jan $115/$125 call spreads bought
10/21/25 Peloton (PTON) buyers of 6300 Dec $9 calls at $0.61
10/21/25 Tesla (TSLA) 700 Jan 2028 $360 short puts open 81.30
10/21/25 AppLovin (APP) buyer 1000 Dec 520/480 put spreads
10/21/25 Exxon (XOM) 2325 Sept 2026 $125 calls buying $4.80 to $4.85 offers
10/21/25 Eos Energy (EOSE) sees 6000 Feb $17 puts sell to open $4.45 bids
10/21/25 Edwards Lifesciences (EW) buyer 1000 Nov 77.5 calls 3.20 offer
10/21/25 Pfizer (PFE) 1800 April $24 short puts open 1.45
10/21/25 Vertiv (VRT) buyer of 700 Jan 2028 $260 calls $38.65
10/21/25 Vertiv (VRT) opening sales 600 March $140 puts $14.75
10/21/25 Rocket Lab (RKLB) buyer 5000 Jan 110/50 strangles for $42.70
10/21/25 FedEx (FDX) 400 April $210 short puts open $8.10
10/21/25 United Antimony (UAMY) seeing 9500 Feb $12.50 calls buy $3.50 offer
10/21/25 Cameco (CCJ) opening sale 8110 Nov 14th $65 low delta puts $0.46
10/21/25 Apple (AAPL) buyer of 2740 Nov 28th $255 ITM calls for $15.25
10/21/25 Nebius Group (NBIS) buyer 350 Dec 2027 $200 max strike calls at $32.80 to $34
10/21/25 Nebius Group (NBIS) opening sale of 750 March $100 puts at $21.30 bids
10/21/25 Google (GOOG) opening sale 1000 Nov 28th (W) $250 puts for 11.10
10/21/25 Advanced Micro (AMD) 1400 May $300 calls buying $21.25 to $22.40 in large lots
10/21/25 Broadcom (AVGO) 1750 Sept 2026 $280 puts sold while 4000 Dec $390 calls being bought
10/21/25 Arm Holdings (ARM) buyer of 950 March $230 calls at $9.80 offer
10/21/25 Oracle (ORCL) buyer 1000 Jan 2028 $280/$300 call spreads
10/21/25 Oracle (ORCL) 1200 Sept $195 short puts open $14
10/21/25 Oracle (ORCL) 1800 Feb $190 short puts open $3.40
10/21/25 GDS Holdings (GDS) buyer of 2500 Dec $35/$45 call spreads for $2.95
10/21/25 CrowdStrike (CRWD) seeing 600 Dec $540 calls buy at $23
10/21/25 Palantir (PLTR) sees a large opening sale 1000 August 2026 $200 ITM puts for $46.95
10/21/25 Nvidia (NVDA) opening seller of 3000 Jan 2028 $110 puts at $10.18
10/21/25 CoreWeave (CRWV) 800 May $80 short puts open 9.62
10/21/25 CoreWeave (CRWV) buyer 1000 Jan $155 calls $11.40
10/21/25 Taiwan Semi (TSM) 800 Dec 2026 $220 puts sell to open 18.20
10/21/25 Vistra (VST) large buy of 4000 Dec $190 calls at $17 as some $210 calls adjust
10/21/25 AST SpaceMobile (ASTS) buyer of 1600 Jan 2028 $145 calls at $29.10 to $29.40
10/20/25 Bitcoin ETF (IBIT) buyer 10,000 Jan 2028 $70/$95 call spreads
10/20/25 Gold ETF (GLD) 5400 Jan $390 short puts open 12.85
10/20/25 Tech ETF (XLK) 1850 Nov 7th (W) $282.5 short puts open $4.20 to $4.06
10/20/25 Dow Jones ETF (DIA) 3000 Nov $480 calls buy 2.26 sweep offers
10/20/25 Five Below (FIVE) buyer of 1090 Nov $170 calls at $3.95 as $160 calls adjust
10/20/25 Uber (UBER) 3450 Dec $105/$80 bull risk reversals trading net debits
10/20/25 Sphere (SPHR) buyer 675 Nov 60/75 call spreads 4.25
10/20/25 Bloom Energy (BE) sees 300 June $125 calls buy at $41.02
10/20/25 Wells Fargo (WFC) buyers 3500 Jan 87.50 calls $3.70 offers
10/20/25 SoFi (SOFI) buyer 24,000 Feb 32/42 call spreads at $2.10
10/20/25 SoFi (SOFI) 1000 June $26 short puts opening 4.60 to 4.55
10/20/25 Morgan Stanley (MS) 400 June $160 short puts open $13.30
10/20/25 Immunovant (IMVT) 1000 Nov $20 calls bought 1.10
10/20/25 Intuitive Surgical (ISRG) with 500 June 500/600 call spreads bought
10/20/25 FTAI Aviation (FTAI) 500 Nov 172.50 calls buy $13 to $13.50
10/20/25 USA Rare Earth (USAR) buyers 1100 Dec $32 calls $6 to $6.90
10/20/25 MP Materials (MP) 600 June $60 short puts open for 8.60
10/20/25 Oracle (ORCL) 1000 May $170 puts sell to open $4.65
10/20/25 Oracle (ORCL) buyer 1250 Jan 2027 $350 calls $41.29
10/20/25 Micron (MU) opening sale 1000 Dec $175 puts at $7.65
10/20/25 Micron (MU) also 550 Dec 2026 $330 calls bought at $24
10/20/25 Micron (MU) buyer of 800 Dec 2026 $240/$300 call spreads at $15
10/20/25 Credo Tech (CRDO) 300 Jan $90 deep ITM calls buy at $68.00
10/20/25 Lumentum Holdings (LITE) buyer 1000 Oct 31st (W) $180 calls for $4.40
10/20/25 SanDisk (SNDK) 1400 Nov 7th $157.50 calls buy at $14.15 to $15.80 adjusting $150
10/20/25 Nebius Group (NBIS) sees 250 Dec 2026 $95 ITM calls buy $46.25 to $46.85
10/20/25 Applied Digital (APLD) buyer 1000 June $40 calls $11.60
10/20/25 Astera Labs (ALAB) opening sale 800 Jan $140 puts for 17.76
10/20/25 AST SpaceMobile (ASTS) large buyer of 825 Jan 2028 $145 calls at $34.40 to $34.80, nearly $3M
10/20/25 Tesla (TSLA) 2500 Dec 2026 $650/$730 call spreads buying for $12.20
10/20/25 Tesla (TSLA) also the $660/$770 spreads bought 1300x
10/20/25 Tesla (TSLA) sees massive opening sales of 8000 June $430 puts at $67.65 to $67.16 as the $360 and $350 short puts adjust higher