Topics covered:
1) 0:00 Announcements
2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 6:30 FOCUS LIST: NVDA, TSM, TSLA, LLY, INCY, RKLB, ASTS, XBI (ETF)
4) 8:20 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), ATRO, FTAI, WWD, CW, VSAT, HXL, HWM, GE, PL, SATS, LUNR, BKSY
5) 11:00 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, KLAC, LRCX, ASML, PLAB, MTSI, TER, UCTT, MU, STX, WDC, SNDK
6) 13:30 Stock Review – Electronic Related: LITE, COHR, CLS, JBL, CAMT, FN
7) 14:20 Stock Review – Energy/Data Center related: VRT, GEV, ATI, BE, CIEN, GLW, AAOI, LASR
8) 16:20 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), IMVT, EWTX, TERN, PCVX, AXGN, GRAL, GH
9) 17:55 Stock Review – Others/General Ideas/Commentary: DVN, NEM, GOOGL, SPHR, REMX (ETF)
10) 18:40 Stocks Near Buyable Ranges: XBI (ETF), UFO (ETF), SATS, ATRO, PCVX
11) 21:50 Conclusion/Summary

Market Summary:
As I’ve mentioned in recent videos, there are two different markets going on right now. Value-related stocks and the broader market are acting well (as seen by the Dow Jones Industrial Average, the NYSE Composite, the equal-weight S&P 500 ETF (RSP), Energy (XLE), and other defensive sectors). Growth stocks and growth-related indexes are not acting as well (as seen by the Nasdaq Composite, ARKK, Bitcoin, and other “risk-on” sectors). So what’s the solution? I usually see one of two things happen. Either growth stabilizes, resumes its uptrend, and continues to lift the overall market. Or growth gets weaker and possibly weighs on the general market. I’m noticing some subtle signs of growth improving and I discuss it in this video.

Please keep in mind that I mostly trade growth stocks because they perform better over the long-term. Of course, there will be periods where value outperforms growth, but I’m not looking to chase the strength in value right now. I prefer to wait for conditions to improve and for the volatility to calm down in the growth world. As always, the decisions you make should be based on your timeframe, your risk tolerance, and your overall investment objectives. Also, keep in mind that I don’t want to get overly bearish because I still like the longer-term growth themes in Space/Aerospace, Semiconductors, Biotech, and many Data Center-related stocks. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
2/18/26 S&P 500 ETF (SPY) 1000 March 13th $677 puts sell to open $7.45
2/18/26 Nasdaq 100 ETF (QQQ) 1800 June 30th (Q) $570 puts sold to open $16.70
2/18/26 Russell 2000 ETF (IWM) size opening sale 5000 Jan. 2028 $220 puts $13.45
2/18/26 Energy ETF (XLE) buyer 7500 September $62.5 calls for 1.61
2/18/26 Brazil ETF (EWZ) buyer 12,000 Dec $50 calls 1.70
2/18/26 Silver ETF (SLV) buyers June 83/93 call spreads 9500X
2/18/26 Silver ETF (SLV) buyer 2200 August $69 calls 12.35 to 12.45
2/18/26 Walmart (WMT) 8100 March 13th (W) $113 short puts open 0.62
2/18/26 Netflix (NFLX) 1400 May 71 short puts open 3.45
2/18/26 Netflix (NFLX) 600 Jan 2028 $62 short puts open 7.63
2/18/26 Uber (UBER) 1590 July $60 short puts opening 2.13
2/18/26 Dutch Bros (BROS) 2000 June $60 calls buy $5.32 adjusting March calls
2/18/26 Tesla (TSLA) large buyer of 3800 Dec 2208 $450 calls at $141 as Dec 2027 $190 calls adjust up
2/18/26 Tesla (TSLA) 1200 Dec 2028 $630 ITM puts sold at $270.50
2/18/26 Tesla (TSLA) 6000 Dec 2028 $640 puts selling at $275.90 as the Dec 2027 $490 short puts adjust
2/18/26 Bloom Energy (BE) max strike June 260 calls trade another 5000X
2/18/26 Diamondback Energy (FANG) buyer 2000 March $180/$210 call spreads adjusting 170/190
2/18/26 Freeport McMoran (FCX) 1775 Sept $60 short puts open 7.05
2/18/26 Freeport McMoran (FCX) large buy 5000 June $60 calls $8.27
2/18/26 Eli Lilly (LLY) 1065 Mar 27th (W) $895 short puts open 7.43
2/18/26 AbbVie (ABBV) 5000 May $200 short puts open $3.55 as Feb adjust
2/18/26 J&J (JNJ) buyers of 750 June $260 calls at $6.20 as $250 calls adjust
2/18/26 Illumina (ILMN) 1000 March 120/110 bull risk reversals opening for $3.45 debits
2/18/26 Nektar Therapeutics (NKTR) buyers of 2000 May $70 calls at $14.50 to $15
2/18/26 Firefly Aerospace (FLY) 10,000 March 6th (W) $27 calls buy $1.39 adjusting Feb 27th (W) 25 calls
2/18/26 Kratos Defense (KTOS) opening sales of 2000 May $65 puts at $2.40
2/18/26 Amazon (AMZN) 800 Dec 2028 $230 short puts open for $55
2/18/26 Vertiv (VRT) buyer of 460 Jan $330 calls at $34 as June $260 calls adjust
2/18/26 Lumentum (LITE) 1000 Feb 27th (W) $590 puts sold to open for over 3.5M dollars
2/18/26 Photronics (PLAB) 400 June $45 calls buy $4 to $4.10
2/18/26 Teradyne (TER) buyer of 350 April $350 calls
2/18/26 Teradyne (TER) buyer 1000 March $380 calls $4.90
2/18/26 Advanced Micro (AMD) 1200 Mar 6th (W) $195 short puts open 7.85 as Feb rolls
2/18/26 Micron (MU) 500x June 2027 $750/$910 call spreads bought
2/18/26 SanDisk (SNDK) opening sales 300 April $550 puts at $67
2/18/26 SanDisk (SNDK) 1000 Jan 710/840 call spreads buy
2/18/26 SanDisk (SNDK) buyers of 500 June $860 calls at $69.30
2/18/26 Western Digital (WDC) buyers of 1100 June $450 calls at $20.35
2/18/26 Seagate (STX) opening sale 1100 March $400 puts 21.11
2/18/26 Taiwan Semi (TSM) 650 August $360 puts sold to open 40.80
2/18/26 Vistra (VST) opening sale of 1017 Sept $160 puts at $19.61
2/17/26 S&P 500 ETF (SPY) buyers 1300 Aug 740 OTM calls for $1M
2/17/26 S&P 400 MidCap ETF (MDY) March $670 calls bought 550X at 8.30
2/17/26 Staples ETF (XLP) buyer 2000 Jan $90 calls for $5.78
2/17/26 Metals ETF (XME) 500 Sept $110 short puts open for 10.35
2/17/26 Uranium ETF (URA) 1000 Jan 2028 $50 short puts open 11.70
2/17/26 South Korea ETF (EWY) 2500 April 115 short puts open 4.20
2/17/26 Treasury ETF (TLT) 20,000 August $97 calls bought $0.99
2/17/26 Silver ETF (SLV) block of 10,000 July $130 calls bought $1.45
2/17/26 Tesla (TSLA) 3000 Dec 2028 $620 ITM puts sold at $264.77, rolling the Jan 2028 $520 puts
2/17/26 Walmart (WMT) 2400 June $125 short puts open for 5.81
2/17/26 Home Depot (HD) opening sales of 1700 March $345 puts for $3.22
2/17/26 Netflix (NFLX) 1000 Nov $65 short puts open 4.95
2/17/26 Wynn Resorts (WYNN) buyer 14,411 June $90 calls at $28.60 as March $110 calls adjust
2/17/26 Berkshire Hathaway (BRK.B) buyer 1000 March 6th (W) $505 calls for 8.10 adjusting Feb calls
2/17/26 Robinhood (HOOD) opening sale 3000 August $55 puts 5.25
2/17/26 SM Energy (SM) buyer 600 August 22.50 calls 3.10
2/17/26 Freeport McMoran (FCX) buyer 1250 Sept 70 calls for 5.85
2/17/26 Regeneron Pharma (REGN) size buy 300 June $820 calls for $70
2/17/26 Thermo Fisher (TMO) 2500 April 2nd $540 ITM puts sell to open $42
2/17/26 Neogen (NEOG) 12,800 July $12.50 calls bought 1.01 as April 10 adjust
2/17/26 Kratos Defense (KTOS) buyer 200 Jan 2028 $50 deep ITM calls at $54
2/17/26 Ondas (ONDS) 8000 June $20 calls buy at $0.53 to $0.55
2/17/26 Vertiv (VRT) buyer 300 Jan $300 calls $35
2/17/26 GE Vernova (GEV) May $860/$1000 call spreads bought with the $700 puts sold to open 1420X
2/17/26 Caterpillar (CAT) buyer 250 Dec 2027 $780 calls at $168.50 offer
2/17/26 GE Aerospace (GE) buyer of 1500 June $440 calls at $1.30
2/17/26 Apple (AAPL) May $290 calls with 6500X bought looking to add to OI
2/17/26 Google (GOOGL) buyer of 1350 April $305 calls at $14.40 as March adjusts
2/17/26 Google (GOOGL) 875 June 2027 $485 calls bought $11.70 to $12
2/17/26 Amazon (AMZN) buyers of 2850 June 2027 $370 calls at $4.779 to $4.85 offer sweeps
2/17/26 Microsoft (MSFT) 1000 Sept $320 puts sell to open $9.40
2/17/26 Lumentum (LITE) buyer 1400 April 2nd (W) $620 calls for $8M
2/17/26 Celestica (CLS) 4770 May 145 short puts open 2.70 to 2.65
2/17/26 Nvidia (NVDA) 1000 Dec $185 ITM puts sell to open $29 to $28.65
2/17/26 Nvidia (NVDA) 1500 April 2nd $185 short puts opening $14.90 as March 6th $190s adjust
2/17/26 Advanced Micro (AMD) 550 March 2027 $145 puts sell to open $16.15
2/17/26 Marvell Tech (MRVL) buyer 1000 March 13th (W) $75 calls ITM 8.45 to 8.50, reports 3-5
2/17/26 Analog Devices (ADI) buyer of 1500 April $350 calls at $16.33 as some March $310 calls adjust
2/17/26 Micron (MU) 2000 each of the June 2027 $540 and $690 calls bought spread with the $740 and $890 calls
2/17/26 Micron (MU) buyers of 3000 April $350 ITM calls at $80
2/17/26 Sandisk (SNDK) 1900 Feb 27th $510/$490 bull put spreads sell to open 3.20
2/17/26 Taiwan Semi (TSM) 41,500 May $330 calls buy at $49.54 as the $300 calls adjust