Topics covered:
1) 0:00 Announcements
2) 0:30 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 11:10 FOCUS LIST: NVDA, TSM, TSLA, LLY, INCY, RKLB, ASTS, XBI (ETF)
4) 14:45 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), ATRO, FTAI, WWD, CW, VSAT, HXL, HWM, GE, PL, SATS, LUNR, BKSY
5) 18:05 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, KLAC, LRCX, ASML, PLAB, MTSI, TER, UCTT, MU, STX, WDC, SNDK
6) 21:00 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, CLS, JBL, CAMT, FN, VRT, GEV, MOD, TTMI, ATI, KMT, BE, CIEN, GLW, AAOI, LASR
7) 27:00 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), IMVT, EWTX, TERN, PCVX, AXGN, GRAL, GH
8) 29:30 Stock Review – Others/General Ideas/Commentary: DVN, NEM, FCX, GOOGL, SPHR, REMX (ETF)
9) 31:45 Stocks Near Buyable Ranges: XBI (ETF), UFO (ETF), ATRO, PLAB
10) 34:10 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. I further discuss other concepts in the Market Note to Members dated 2/22/26 (which you can find on the website).

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. If you have any questions, you can ask them during the next LIVE webinar, which will be this Monday, February 23 at 7PM EST. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
2/20/26 Nasdaq 100 ETF (QQQ) 1400 March $614 calls buy $11.57
2/20/26 Nasdaq 100 ETF (QQQ) buyer 3000 April 30th (W) $670 calls $2.04
2/20/26 Energy ETF (XLE) 7000 March $52 puts sell to open $0.68
2/20/26 Regional Banks (KRE) 1000 Nov $70 puts sell to open $6.09
2/20/26 Treasury ETF (TLT) 12,000 Sept 100 calls bought 0.59
2/20/26 Silver ETF (SLV) buyer 1000 March 27th $74 calls $6.30
2/20/26 Silver ETF (SLV) buyers of 1000 August $75 calls at $13.80 while also sells the $70 puts
2/20/26 Uranium ETF (URA) buyers of 1000 June $53 calls at $8 to $8.20
2/20/26 Turkey ETF (TUR) buyer 1500 April $43/$46 call spreads at $0.87
2/20/26 Tesla (TSLA) large buyers of 4900 April 2nd $430 calls at $15.60 to $16.05
2/20/26 Walmart (WMT) 8000 March 27th $110 puts sell to open $0.69
2/20/26 Pepsi (PEP) buyer 1500 May $170 calls $4.80
2/20/26 Berkshire Hathaway (BRK.B) 2000 March $495 short puts open $9.20
2/20/26 Citigroup (C) 600 Nov $95 short puts open 5.20
2/20/26 Exxon (XOM) buyers of 8200 Dec 2028 $145 calls as the Dec 2027 $135 adjust
2/20/26 Chevron (CVX) opening sale 2500 March $175 puts at $2.28
2/20/26 Chevron (CVX) 500 April 2nd $180 calls bought $8.65 to $8.70
2/20/26 Occidental (OXY) 2860 June $65 OTM calls buying 0.80 to 0.85
2/20/26 Bloom Energy (BE) 1500 March $150 short puts opening $17.20
2/20/26 J&J (JNJ) block 450 Dec $280 puts sold to open $40.80
2/20/26 Axsome Therapeutics (AXSM) 200 Jan 230/280 call spreads open as the 200/250 adjust
2/20/26 Intuitive Surgical (ISRG) more put sales with 1575 Mar 27th (W) $440 for 2.90
2/20/26 Apple (AAPL) buyer of 1100 March 27th $260 calls at $10 to $11.30
2/20/26 Google (GOOGL) buyer of 1500 Dec 2027 $500/$600 call spreads
2/20/26 Google (GOOG) buyer 1500 May $340/$400 call spreads
2/20/26 Intel (INTC) 800 Oct 65 calls buy 3.10
2/20/26 Alibaba (BABA) opening sale 1200 Sept 125 puts for 6.50
2/20/26 Amazon (AMZN) buyer of 700 Dec 2028 $290 calls at $35.97 as Dec 2027 calls adjust
2/20/26 Broadcom (AVGO) sellers of 5000 April $250 puts 3.80 to 3.70
2/20/26 Micron (MU) buyers 400 March 27th $490 calls $17.95 offers
2/20/26 Micron (MU) opening sales of 2000 March $410 puts at $27 to $25.50
2/20/26 Seagate (STX) 1725 March $400 calls bought $35 to $38 range
2/20/26 Western Digital (WDC) 400 June $260 short puts opening near 37.75
2/20/26 Coherent (COHR) 375 Jan 2028 260/360 call spreads buy
2/20/26 ViaSat (VSAT) 1800 March $35 calls buy at $12.19 as some Feb $37 calls adjust out
2/20/26 AST SpaceMobile (ASTS) buyers of 900 August $150 calls at $8.80 to $9.20
2/19/26 Semiconductors ETF (SMH) buyer of 2400 Sept $510 calls at $17.65
2/19/26 Energy ETF (XLE) 10,000 June 2027 $55 short puts open for 5.77
2/19/26 Financials ETF (XLF) 2500 Jan 2028 $50 short puts open 4.22
2/19/26 South Korea ETF (EWY) opening sales of 4000 March 6th $130 puts for $4.05 to $3.10
2/19/26 Japan ETF (EWJ) buyer 3000 June $93 calls $4.25
2/19/26 Silver ETF (SLV) buyers of 7000 Sept $125 calls $3.95 offers and higher
2/19/26 Gold ETF (GLD) buyer 1500 March $473 calls $10.95
2/19/26 Gold ETF (GLD) opening sale 2000 March $445 puts $8.56
2/19/26 Walmart (WMT) 9700 April 115 short puts open 1.32
2/19/26 Shopify (SHOP) 3970 ITM May $145 puts sell to open 28.60
2/19/26 Insmed (INSM) buyers of 400 August $165 calls at $20.50 to $21
2/19/26 Immunocore (IMCR) 5000 April $30 short puts open 1.15
2/19/26 Tarsus Pharma (TARS) opening sale 2000 April $60 puts for $3.50
2/19/26 Intuitive Surgical (ISRG) 1550 April 2nd (W) $450 short puts open 4.06
2/19/26 Occidental (OXY) 6000 April $52.5 calls buying $2.04 offers
2/19/26 EOG Resources (EOG) buyers of 3400 March $135 calls at $1.85 to $2.10
2/19/26 Bloom Energy (BE) buyers of 1000 May $165 calls at $34.35
2/19/26 Bloom Energy (BE) June $170 calls buying at $39.35
2/19/26 Newmont (NEM) buyer 600 April 2nd (W) 120 calls 11.45 to 11.8
2/19/26 Cameco (CCJ) June $90 puts sold to open 3375X for $4.10
2/19/26 Deere (DE) buyers of 250 June $720 calls at $20.75
2/19/26 Honeywell (HON) 1200 Sept $260 calls buy 11.50 to 12
2/19/26 Eaton (ETN) 2675 March 27th (W) $330 short puts open
2/19/26 Planet Labs (PL) 2500 March $30 upside calls buying
2/19/26 Ondas (ONDS) opening sales of 7000 June $9 puts at $1.68 to $1.65
2/19/26 AeroVironment (AVAV) buyers of 1000 May $350 calls at $20 offer
2/19/26 AeroVironment (AVAV) buyer of the Sept $280/$450 call ratios 250X500
2/19/26 Google (GOOG) buyers of 1600 July $310 calls at $25.20 as some March $330 calls adjust
2/19/26 Apple (AAPL) opening sales 2350 March 13th $250 puts at $2.63
2/19/26 Nvidia (NVDA) 500 Mar 2027 $185 short puts open $31.90
2/19/26 Nvidia (NVDA) buyers 4000 March 13th (W) $195 calls $2.35M
2/19/26 Nvidia (NVDA) opening seller of 4000 Mar 27th (W) $185 puts at $10 and lower
2/19/26 TTM Tech (TTMI) buyers of 1500 June $110/$140 call spreads as the March $110 calls adjust
2/19/26 Advanced Micro (AMD) large buyer of 20,000 May $185 calls at $31.94 as the March $200 calls adjust
2/19/26 Nebius Group (NBIS) buyers of 700 August $145 calls at $14.50
2/19/26 Intel (INTC) opening sale of 3031 Jan $42 puts at $7.54
2/19/26 Applied Optoelectronics (AAOI) 200 Sept 35 short puts open 8.50
2/19/26 Celestica (CLS) 100 Sept $290 short puts open $66
2/19/26 SanDisk (SNDK) buyer 300 May $810 calls for $66
2/19/26 Lumentum (LITE) 400 June $800 ITM puts sell to open at $269 bids
2/19/26 Lumentum (LITE) also buyers of 650 June $460 ITM calls at $220.56
2/19/26 Vistra (VST) 1000 August 110 short puts open 3.7