Topics covered:
1) 0:00 Announcements
2) 0:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 5:35 FOCUS LIST: NVDA, TSLA, NTRA, LLY, TSM, RKLB, ASTS, XBI (ETF)
4) 8:10 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), PL, ATRO, WWD
5) 9:05 Stock Review – Semiconductors and Data Storage: SMH (ETF), TSEM, LRCX, KLAC, ASML, MU, STX, WDC, SNDK
6) 10:50 Stock Review – Electronic Related: LITE, JBL, TTMI, VICR, FEIM
7) 11:45 Stock Review – Energy/Data Center related: VRT, GEV, ORA, ROK, ATI, BE, POWL
8) 13:05 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), INCY, IMVT, GPCR, GRAL, GH
9) 14:20 Stock Review – Others/General Ideas/Commentary: PLTR, DVN, NEM, RDDT, GOOGL, SPHR, REMX (ETF)
10) 16:55 Conclusion/Summary

Market Summary:
The best way to summarize my thoughts is that I’m not expecting a SUSTAINED uptrend any time soon. My more detailed notes can be found in the Market Note to Members that was emailed on 2/4/26 and also posted on the website. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
2/4/26 Nasdaq 100 ETF (QQQ) 1000 Dec $590 puts sell to open 36.50
2/4/26 Nasdaq 100 ETF (QQQ) trade opens 40,000 Feb 27th (W) $600/$580 bull put spreads
2/4/26 Regional Banks ETF (KRE) 7500 May $75/$85 call spreads bought
2/4/26 Silver ETF (SLV) buyers of 3000 March $101 calls at $4.30 to $5.20 offers
2/4/26 Bitcoin ETF (IBIT) 10,000 Jan $22 puts sold to open $1.36
2/4/26 China ETF (FXI) 21,000 Sept $35 puts sold to open 1.54 to 1.47
2/4/26 Tesla (TSLA) 2400 Dec 2028 $500 ITM puts sell for $177
2/4/26 Tesla (TSLA) late day buy 1500 April $410 calls $33.70
2/4/26 Pepsi (PEP) buyer 5000 Feb $170 calls 1.95
2/4/26 Uber (UBER) opening sale 20,450 March $65 puts 0.71
2/4/26 Shopify (SHOP) 8000 June $90 short puts open as Feb. 115 adjust
2/4/26 Eli Lilly (LLY) 550 Dec $1660 calls buying at $24.50 to $26
2/4/26 Boston Scientific (BSX) 1000 April $75 puts sold 3.12 to open
2/4/26 Quest Diagnostics (DGX) buyer 500 March $190 calls for 5.70
2/4/26 Robinhood (HOOD) 950 each of the Nov $75 and $70 puts sold to open for $2.5M premium
2/4/26 Exxon (XOM) buyer of 750 Dec 2027 $110 ITM calls at $42
2/4/26 BP ADR (BP) 5000 March $36 short puts open 0.53
2/4/26 Devon Energy (DVN) buyers of 2800 June $50 calls at $1.49 offers
2/4/26 Emerson Electric (EMR) 1630 Dec $165 calls buy at $12.85 as June $155 adjust
2/4/26 Rockwell Automation (ROK) 760 March $440 calls bought for $1.4M as Feb. adjust
2/4/26 Dow Chemical (DOW) buying of 10,000 June $35 calls for $2M+
2/4/26 Freeport (FCX) large buyers of 7000 Jan $70/$100 call spreads at $7
2/4/26 Vertiv (VRT) opening sale of 7000 March $125 puts at $1.48
2/4/26 Celestica (CLS) 4100 March $175 short puts open 1.76
2/4/26 Advanced Micro (AMD) opening sales of 8580 March $165 puts at $1.93
2/4/26 Advanced Micro (AMD) block 2700 Nov $150 puts sold 13.95 to open
2/4/26 Nvidia (NVDA) seller of 1000 Nov $180 puts at 27.60
2/4/26 Nvidia (NVDA) 1000 March 13th (W) $175 puts sold 9.75 to open
2/4/26 Nvidia (NVDA) 30,000 June $205/$235 call spreads buying
2/4/26 Broadcom (AVGO) 1700 June 2027 $280 short puts open $53.30 to $53.10
2/4/26 Palantir (PLTR) 1800 May $115 short puts open 5.90 bid
2/4/26 Cisco (CSCO) 1000 Jan 2028 $82.50 puts sold to open for 10.80
2/4/26 Micron (MU) opening seller of 850 Sept $300 put at $42.65 bids
2/4/26 EchoStar (SATS) 950 May $105 short puts open 10.3
2/4/26 AST SpaceMobile (ASTS) buyer of 2000 Oct $180 calls at $16.95 as June $135 adjust
2/3/26 Semiconductors ETF (SMH) buyers of 1200 April $450 calls at $10.05
2/3/26 Gold ETF (GLD) 4000 Feb 13th (W) $451 calls bought $5.5M
2/3/26 Silver ETF (SLV) large stock replacement sold 5000 July $78 puts at $12.80
2/3/26 Tesla (TSLA) buyers of 2500 March 6th (W) $420 calls
2/3/26 Tesla (TSLA) 500 Nov $310 puts sold to open $22.65
2/3/26 Netflix (NFLX) 1000 Sept 75 puts are sold 5.70
2/3/26 Shopify (SHOP) May $100 short puts open 5065X at $5.43 adjusting Feb 13th (W) $125
2/3/26 Shopify (SHOP) opening sale 1000 Sept $90 puts $7.70
2/3/26 General Mills (GIS) 1500 Sept $40 short puts open 1.30
2/3/26 Pepsi (PEP) 2000 June $170 calls bought at $5
2/3/26 Eli Lilly (LLY) sees 1000 March $980 puts sell to open $42.10
2/3/26 Pfizer (PFE) opening sales of 28,650 March $24 puts at $0.23
2/3/26 Exxon (XOM) 3000 Dec 2027 $145 calls bought for nearly $6M with June 140 adjustments
2/3/26 Chevron (CVX) late day buys 3500 May $190 calls $4.55 to $4.90
2/3/26 Occidental (OXY) buyers 6000 May 50 calls 1.59 and higher
2/3/26 Williams Cos (WMB) 13,500 April $60 short puts open and the $70 calls bought $2 in bull r/r
2/3/26 Citigroup (C) opening sales of 2750 Dec $120 puts at $13.45
2/3/26 Blackstone (BX) opening sale of 1000 Dec 2028 $100 puts at $13.70
2/3/26 Caterpillar (CAT) buyer of 500 March $630 ITM calls for $85.16 as $580 calls adjust
2/3/26 Eaton (ETN) 3095 March $310 short puts open 2.70
2/3/26 GE Vernova (GEV) 750 April $840/$650 bull risk reversals open at $22.50 debits
2/3/26 Honeywell (HON) buyer 700 Sept 270/300 call spreads
2/3/26 USA Rare Earth (USAR) trading 1550 April $29/$22 bull risk reversals open at small credits
2/3/26 Newmont (NEM) 400 Jan $110 short puts open 16.10
2/3/26 Baidu (BIDU) buyer of 650 May $130 calls at $24.40
2/3/26 Corning (GLW) buyer 800 March $125 calls $4.15
2/3/26 Palantir (PLTR) 1500 Nov 200/120 bull risk reversals trade
2/3/26 CoreWeave (CRWV) opening sale 2000 May $65 puts for 6.51
2/3/26 Meta (META) opening sales of 3000 Feb 27th $690 puts for $15
2/3/26 Google (GOOG) 1500 Sept $275 short puts open at 10.55
2/3/26 Nvidia (NVDA) 14,500 August $180 calls buying for $37M
2/3/26 Nvidia (NVDA) opening sale of 4500 Dec 2028 $120 puts at $18.03, collecting $8M
2/3/26 Nvidia (NVDA) also 4000 March 13th (W) $180 short puts opening
2/3/26 Teradyne (TER) 250 March 290 calls buy 13.70
2/3/26 ASML (ASML) buyer of 700 March $1600 calls at $22.59 to $23.75
2/3/26 Marvell Tech (MRVL) 1400 Jan $75 calls buy at $17.20
2/3/26 Marvell Tech (MRVL) also 1400 Dec $55 puts sell to open $5.55
2/3/26 Seagate (STX) buyer 200 April $440 calls at $65.40
2/2/26 Nasdaq 100 ETF (QQQ) trade opens 3000 March 6th (W) $650/$605 bull risk reversals
2/2/26 Nasdaq 100 ETF (QQQ) 1000 Dec $595 short puts open $33.05
2/2/26 S&P 500 ETF (SPY) size opening seller 1000 Dec 2028 $690 puts $66.42
2/2/26 Semiconductors ETF (SOXX) 3000 March $370 calls buying $10.80 to $11
2/2/26 Industrials ETF (XLI) 4500 Jan $165 short puts open $9.20
2/2/26 Silver ETF (SLV) 1000 August $65 short puts opening 8.25
2/2/26 Silver ETF (SLV) 1000 Jan $64 short puts opening 10.10 bid
2/2/26 Silver ETF (SLV) 1500 Dec 31st (Q) $75 short puts open $16.10
2/2/26 Silver ETF (SLV) sweep buyers in Sept $86 calls 6500X for $6.5M
2/2/26 Tesla (TSLA) large opening sales of 1600 Dec 2028 $500 ITM puts at $177 to $176.50
2/2/26 Disney (DIS) 1000 Jan 2028 $150 calls buy $6.80 to $7
2/2/26 Netflix (NFLX) buyer 7500 Jan $101 calls $7.15
2/2/26 Walmart (WMT) stock replacement sold 2000 Sept $110 puts at $5.02
2/2/26 Pepsi (PEP) sees 5000 April $160 calls buy $3.35
2/2/26 GE Vernova (GEV) opening sales of 2400 April $860 calls at $26 to $25.52
2/2/26 GE Vernova (GEV) 500 Feb $755 short puts open $30 ITM
2/2/26 Modine Manufacturing (MOD) 2250 Feb $200 calls opening as $195 adjust again
2/2/26 Caterpillar (CAT) 700 June $640 short puts open $36
2/2/26 Caterpillar (CAT) buyer of 650 July $660 calls at $82.08 as June $640 calls adjust
2/2/26 Newmont (NEM) 800 July $92.5 short puts opening 5.70
2/2/26 Chevron (CVX) buyer of 700 June 2027 $220 calls at $5.90
2/2/26 J&J (JNJ) opening seller 1250 March $230 puts at $6.83 as Feb 210 adjust
2/2/26 Tyra Biosciences (TYRA) 2000 May $20 short puts opening 1.23
2/2/26 Taiwan Semi (TSM) 1500 March 370 calls bought 7.55
2/2/26 Taiwan Semi (TSM) buyer 1000 April $340 calls $24.50
2/2/26 KLA Corp (KLAC) 500 April $1070 short puts open 15.20
2/2/26 Intel (INTC) buyer 4000 June $52.50 calls $5 to $5.25
2/2/26 Teradyne (TER) buyer 1000 Feb $260/$300 call spreads adjusting 240/280
2/2/26 Palantir (PLTR) 1500 Jan 100 puts sold 9.50
2/2/26 CoreWeave (CRWV) opening sale 600 July $85 puts for 17.50
2/2/26 Google (GOOG) buyer 1400 March $370 calls 6.50
2/2/26 Google (GOOGL) opening sales of 850 April $345 puts at $21.40 to $21.20
2/2/26 Google (GOOGL) buyers 1475 Jan $475 calls 14.85 to 15.00
2/2/26 Amazon (AMZN) another 10K August $260 calls bought $20.70 to $21
2/2/26 Western Digital (WDC) 400 July $250 short puts open for 46.20
2/2/26 SanDisk (SNDK) buyer 1000 March $720 calls $55
2/2/26 Satellogic (SATL) 3500 May 2.50 short puts opening 0.30
2/2/26 AST SpaceMobile (ASTS) buyer of 1500 Jan 2027 $130 calls at $33 to $35