Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 14:30 FOCUS LIST: NVDA, TSM, TSLA, LLY, RKLB, ASTS, NTRA, XBI (ETF)
4) 18:00 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), PL, ATRO, WWD, HWM, HXL, GE, RTX, FTAI, KRMN, SATS, RDW, LUNR, BKSY, FLY, KTOS
5) 21:45 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, LRCX, KLAC, ASML, MTSI, TER, MU, STX, WDC, SNDK
6) 25:15 Stock Review – Electronic Related: LITE, COHR, FN, CLS, JBL, TTMI, VICR, FEIM, NVT
7) 27:15 Stock Review – Energy/Data Center related: VRT, GEV, ORA, ROK, ATI, WLDN, BE, POWL
8) 29:40 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), AZN, INCY, IMVT, GPCR, ARWR, KRYS, CBLL, APGE, QNCX, EWTX, AXGN, GRAL, GH
9) 33:50 Stock Review – Others/General Ideas/Commentary: PLTR, NBIS, DVN, NEM, RDDT, HOOD, SOFI, GOOGL, SPHR, REMX (ETF)
10) 37:30 Conclusion/Summary

Market Summary:
In my 2026 Preview Video, I mentioned that I was expecting strength into mid-February, and if this happens, I would look to reduce my exposure into the strength. So far, the general markets are slightly up on the year, and many of the stocks on our Focus and Watch Lists continue to act well. In fact, many of the Aerospace names highlighted in the preview video are up 15-50% already this year. Please keep in mind, I don’t plan to reduce simply because of a random date on the calendar. I plan to reduce for four main reasons: 1) We are starting to see distribution days build up on the Nasdaq Composite. Two of the past three weeks are showing heavy volume without any progress. That is subtle distribution beneath the surface in my view. 2) While screening for stocks, I am finding very few safe entry points. Many stocks we’ve discussed over the past few months have ALREADY run considerably and are likely due for normal consolidations and/or pullbacks over the next few months. 3) The second half of February tends to be weak according to the seasonality statistics over the past 75 years. 4) Midterm election years tend to be more volatile and I think it’s important to keep our expectations tempered, especially in the middle of this year.

Bottom line: If we see strength over the next two weeks, I plan to reduce my exposure. As I remind members in this video, actively managing a portfolio of stocks, ETFs, or a blend of the two IS NOT EASY. There is no right or wrong answer to the follow questions: How much should you be invested, how many positions should you own, what should be the size of these positions, where should you take profits, where should you place stop losses, etc. The answer to all these questions depends on YOUR timeframe, YOUR risk tolerance, and YOUR overall investment objectives. There is no “one size fits all” plan that works for everyone. That why I encourage all members to make decisions based on what works for you and your timeframe. I will continue to analyze the markets and do my best to pass along my interpretation in these videos. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
1/30/26 Russell 2000 ETF (IWM) 5000 March $249 short puts open $3.93
1/30/26 Semiconductors ETF (SMH) size opening sale 2500 Jan $380 puts for $38.65
1/30/26 Semiconductors ETF (SMH) buyer 2000 March 450/540 call spreads
1/30/26 Gold ETF (GLD) 1350 March 13th (W) $485 calls bought up to $16
1/30/26 Gold ETF (GLD) large opening seller 3000 July $425 puts $16
1/30/26 Gold ETF (GLD) buyers 2700 Jan 2028 $560 calls for $15M
1/30/26 Gold ETF (GLD) massive opening sale of 13,500 Jan $500 puts $65.80
1/30/26 Pepsi (PEP) size buy 5000 April $150 calls for $5.30
1/30/26 Shake Shack (SHAK) buyer 300 Jan 2028 $75 calls $33
1/30/26 Netflix (NFLX) 600 Nov $80 calls buying $14 to $14.05 offers
1/30/26 Tesla (TSLA) buyer 11,000 May $470 calls $34.05 adjusting Apr. 510 calls
1/30/26 Tesla (TSLA) opening sale 500 Nov $450 puts at $80
1/30/26 Tesla (TSLA) 7000 March 6th (W) $430 short puts open for $19
1/30/26 Apache (APA) 2000 Jan $25 short puts open $3.65
1/30/26 Boeing (BA) 2850 March $210 short puts open 2.48
1/30/26 Modine Manufacturing (MOD) 2350 Feb $195 calls bought as $185 calls adjust
1/30/26 Alcoa (AA) 10,000 March $65 calls bought as $70 strike adjusts
1/30/26 Berkshire Hathaway (BRK.B) buyer 600 June $485 calls for $21.1
1/30/26 Robinhood (HOOD) buyer 400 Nov $100 calls 25.10
1/30/26 Applied Digital (APLD) 600 July $27 short puts open $4.55
1/30/26 AbbVie (ABBV) buyer 600 April 230 calls 7.10 offer
1/30/26 Caterpillar (CAT) large opening sale 1000 Sept $600 puts $42.40
1/30/26 Ramaco Resources (METC) 10,000 March 18/30 call spreads bought for 2.78
1/30/26 Redwire (RDW) buyer of 1800 Feb 27th (W) $14 calls for 1.70
1/30/26 Ondas (ONDS) spread bought 3000 Sept $17 calls 2.40 and sold 6000 June 30 calls 0.50
1/30/26 Intel (INTC) buyer 3000 March 57.5/80 call spreads
1/30/26 Silicon Motion ADR (SIMO) 1455 Feb $130 calls bought as the $125 adjust higher
1/30/26 Corning (GLW) 500 May $92.5 calls bought ITM for $990K
1/30/26 Google (GOOG) 1000 July $335 short puts open 27.50 to 27.40
1/30/26 Google (GOOG) May $335 puts sell to open 4200X at 22.80
1/30/26 Microsoft (MSFT) opening sale 720 Nov $370 puts $15.50
1/30/26 Nebius Group (NBIS) buyers of 1000 April $100 calls $10.70 to $11.90
1/30/26 Apple (AAPL) 30,000 May $240 calls bought $29.10 as the Feb 255 adjust
1/30/26 KLA (KLAC) 880 April $1210 puts sold to open 25.17
1/30/26 Micron (MU) 1150 Feb $450 puts being sold to open for $29.30
1/30/26 Micron (MU) with 1000 May $440/$490 call spreads bought
1/30/26 Micron (MU) 750 July $430 puts sell to open 80.80
1/30/26 Micron (MU) also 1000 Sept $600 calls bought for $6M
1/30/26 SanDisk (SNDK) sweep buy 200 Sept $690 calls $169.50 offer
1/30/26 Taiwan Semi (TSM) 3000 March $330 short puts opening $15.30
1/30/26 AST SpaceMobile (ASTS) buyer 300 ITM Sept $70 calls for $2M
1/29/26 S&P Equal Weight ETF (RSP) 2500 June 180 short puts open 2.45
1/29/26 Nasdaq 100 ETF (QQQ) block of 8000 Feb 608 puts sold to open for 6.69
1/29/26 Russell 2000 ETF (IWM) 3000 August $265 puts sold to open for $16.73
1/29/26 Energy ETF (XLE) 6000 Jan 48.50 short puts open $3.40
1/29/26 Gold Miners ETF (GDX) buyer 20,000 May 120/135 call spreads for $4.30
1/29/26 Silver ETF (SLV) opening sale 1000 August $90 puts 12.68
1/29/26 Silver ETF (SLV) size opening sale 2000 April $97 puts for 13.45
1/29/26 Netflix (NFLX) 680 Dec 2028 $75 short puts open 13.40
1/29/26 Tesla (TSLA) 6000 Feb 13th (W) $450 calls bought $10.70
1/29/26 Citigroup (C) 1000 Jan 2028 $80 short puts open at 5.57
1/29/26 JP Morgan (JPM) 10,000 April $325 calls selling to open 6.60 to 6.40
1/29/26 Exxon Mobil (XOM) 1275 Jan $160 calls buying 6.85 offers
1/29/26 Constellation Energy (CEG) buyer 1250 May $310/$390 call spreads
1/29/26 Thermo Fischer (TMO) 400 Sept $510 puts sold to open $17.40
1/29/26 Red Cat Holdings (RCAT) buyer 2000 Feb 27th (W) $15 calls $2 to $2.20
1/29/26 United Rentals (URI) 1200 March $750 short puts open $14
1/29/26 Caterpillar (CAT) 1500 July $450 short puts opening
1/29/26 Freeport McMoran (FCX) 5000 Jan $65 short puts opening 10.60
1/29/26 Freeport McMoran (FCX) buyer 800 August $70 calls for 7.85
1/29/26 Cameco (CCJ) massive buy 3000 Jan 140/180 call spreads
1/29/26 Hecla Mining (HL) 2000 June 22 short puts open for $3.45
1/29/26 GE Aerospace (GE) buyer 400 May $290 calls 25.40
1/29/26 Meta (META) 3000 March $635 short puts opening 7.10
1/29/26 Meta (META) 1550 March 6th (W) $690 short puts 17.10 to 17 open
1/29/26 Microsoft (MSFT) 1200 Dec 2028 $545 calls bought for $7M
1/29/26 Google (GOOGL) 3000 June $275 short puts open 8.88
1/29/26 Google (GOOG) 10,000 May $320 puts being sold to open down to $19
1/29/26 CoreWeave (CRWV) 10,000 Dec $60 short puts open 9.85
1/29/26 Celestica (CLS) 7645 March 190 short puts open 2.24
1/29/26 Palantir (PLTR) 1500 July $135 short puts trade to open for 14.41
1/29/26 Applied Optoelectronics (AAOI) 8500 Jan $20 short puts opening 3.80 to 3.70
1/29/26 Amazon (AMZN) large buys Feb 27th (W) $245 calls up to $9.50 for over 6000X
1/29/26 Nvidia (NVDA) opening sale 1000 Dec 2028 $115 puts 15.95
1/29/26 Broadcom (AVGO) 1200 Nov $230 short puts open for 14.60
1/29/26 Advanced Micro (AMD) opening sale of 1200 Sept $260 puts for 46.65
1/29/26 Taiwan Semi (TSM) massive 11,500 April $340 ITM puts sell to open 26.70 to $26
1/28/26 Nasdaq 100 ETF (QQQ) buyers of Feb 6th (W) $636 calls 6000X for $4.5M
1/28/26 Semiconductors ETF (SMH) 4230 Feb $430 calls buy 8.39 adjusting 3400 of the $410 calls
1/28/26 Semiconductors ETF (SOXX) 2000 March $370 calls bought 14.40 to 15
1/28/26 Housing ETF (ITB) spread sold 1200 June 92.5 puts to buy the 109.5/119.5 call spreads
1/28/26 Energy ETF (XLE) 14,000 Jan $50 short puts opening 4.40 to 4.35
1/28/26 Gold ETF (GLD) 1500 March $480 short puts open at 19.25
1/28/26 Silver ETF (SLV) 10,000 March $92 short puts opening near 8.55
1/28/26 Uranium ETF (URNM) massive buy in Jan 2028 $80 calls 20,000X spread with $110 calls
1/28/26 China Internet ETF (KWEB) buyer 2000 August $36 calls 4.30
1/28/26 China ETF (FXI) buyer 20,000 June $44 calls for 1.44
1/28/26 Tesla (TSLA) buyers of 4000 March $450 calls $23.50 offers
1/28/26 Schlumberger (SLB) buyer 10,000 May $57.50 calls 1.11 to 1.14
1/28/26 Bloom Energy (BE) 1225 March $155 calls bought 30 to 30.50
1/28/26 Bloom Energy (BE) buyer 1000 March $210 calls $12.50 to $12.80
1/28/26 Bloom Energy (BE) max strike April $230 calls bought 1100X $15.80 to $16.5
1/28/26 Bloom Energy (BE) 400 max strike July $230 calls sold to open at $27
1/28/26 Caterpillar (CAT) buyer of 1000 Feb $675 calls 13.60 and higher
1/28/26 GE Vernova (GEV) opening sale 3420 March $550 puts 5.76
1/28/26 Vertiv (VRT) buyer 3000 Nov $250 calls 22.72 as June 190 adjust
1/28/26 Dell (DELL) opening sale 500 December 2027 $120 puts for 28.75
1/28/26 Meta (META) 1500 Feb 27th (W) $710/$740 call spreads
1/28/26 Google (GOOGL) opening sale 400 Nov 280 puts $16.75
1/28/26 Google (GOOG) 10,000 March $335 puts sold to open down to 17.50
1/28/26 Amazon (AMZN) buyers of 5000 Sept $240/$300 call spreads
1/28/26 Palantir (PLTR) opening sale 1100 June 2027 $105 puts 13.76
1/28/26 Palantir (PLTR) 400 Dec 2028 $100 puts sold to open 20.75
1/28/26 CoreWeave (CRWV) opening sale 300 Dec $97.5 puts for 26.10
1/28/26 Intel (INTC) buyer 1000 September 70 calls 3.50 to 3.80
1/28/26 Nvidia (NVDA) sale of 1500 Dec. 2027 280 calls for $28
1/28/26 Micron (MU) buyer 800 August $600 calls for $52.15
1/28/26 Micron (MU) 10,000 May $390 short puts opening $43
1/27/26 China Internet ETF (KWEB) buyer 4200 Jan $38 calls 4.56
1/27/26 Robinhood (HOOD) 2000 April $85 short puts opening $3.25 to $3.20
1/27/26 Abbott Labs (ABT) 5000 June $100 short puts open 2.90
1/27/26 Immunovant (IMVT) April 30 calls seeing some late day buyers again
1/27/26 Bloom Energy (BE) buyer 300 June $155 calls for $39
1/27/26 Alcoa (AA) buyer 10,000 March 70 OTM calls here $1.93 to $2.10
1/27/26 Firefly Aerospace (FLY) buyers of 1500 Sept $25 calls $8.90 to $9.30
1/27/26 Meta (META) 300 Nov $660 short puts opening for 75.45
1/27/26 Intel (INTC) sweep buyers of 10,000 Jan $60 calls $5.90 offer
1/27/26 Broadcom (AVGO) 500 Dec 2027 $270 short puts open for 46.20
1/27/26 ASML Holdings (ASML) seller of 300 ITM Sept $1500 puts to open for $211.7
1/27/26 Advanced Micro (AMD) opening sale 3000 August $170 puts 8.45
1/27/26 Google (GOOG) size opening put sellers March $330 $14.80 to $14 for 8000 contracts
1/27/26 Global Foundries (GFS) more bull flow with 4400 March $50/$60 call spreads trading
1/27/26 CoreWeave (CRWV) 10,000 March $150 calls selling to open near 3.40
1/27/26 Nebius Group (NBIS) buyer 1000 Sept $120 calls to open for $20.30
1/27/26 AST SpaceMobile (ASTS) 1000 Feb 92 puts sell to open 3.20
1/26/26 Nasdaq 100 ETF (QQQ) 3000 March 6th (W) $615 short puts open 10.35 bid
1/26/26 S&P 500 ETF (SPY) 2800 March 2027 $665 short puts opening $9.5M premium
1/26/26 Rare Earth ETF (REMX) buyer 1000 August $110 calls $11.50
1/26/26 Bloom Energy (BE) 400 July $150 calls bought $40.80 to $40.87
1/26/26 Home Depot (HD) buyer 2000 Feb $400 calls 3.85
1/26/26 Wells Fargo (WFC) 550 June 2027 $75 short puts open 5.70
1/26/26 AeroVironment (AVAV) opening sale 1000 May $280 puts for $31
1/26/26 Ondas (ONDS) March $12 short puts open 3850X at $2.02
1/26/26 Kratos Defense (KTOS) 2000 Feb 120 calls bought
1/26/26 Gilead Sciences (GILD) with 1250 Sept $160 calls bought $4.40
1/26/26 Immunovant (IMVT) buyer 2000 April $30 calls $2.50
1/26/26 Newmont (NEM) 1000 April $120 short puts open $8.66
1/26/26 Ramaco Resources (METC) 2300 Jan $30 ITM puts sell to open $11.20 to $11
1/26/26 Amazon (AMZN) buyers of 7000 August $295 OTM calls near $9 for $6M
1/26/26 Meta (META) 3000 Feb 27th (W) $690 calls bought for $7M
1/26/26 Nvidia (NVDA) buyers of 1925 Feb 6th (W) $190 calls for $3
1/26/26 Nvidia (NVDA) 8000 August $125 short puts opening $3.62
1/26/26 Micron (MU) buyer 600 Aug $250 calls 161.70
1/26/26 Broadcom (AVGO) opening sale 1000 Dec 2028 $250 puts $50.11
1/26/26 Taiwan Semi (TSM) 250 Jan 2028 $420 deep ITM puts sold 122.60 to open
1/26/26 Taiwan Semi (TSM) 4220 April $330 short puts opening 20.25 to 20
1/26/26 Google (GOOGL) 3100 march 300 puts sold for 5.46