Topics covered:
1) 0:00 Announcements
2) 2:55 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000
3) 11:50 FOCUS LIST: NVDA, TSM, TSLA, LLY, INCY, RKLB, ASTS, XBI (ETF)
4) 17:30 Stock Review – Aerospace/Defense: SHLD (ETF), XAR (ETF), UFO (ETF), ATRO, FTAI, WWD, CW, VSAT, HXL, HWM, GE, KRMN, PL, SATS, LUNR, BKSY
5) 23:10 Stock Review – Semiconductors and Data Storage: SMH (ETF), AVGO, TSEM, KLAC, LRCX, ASML, PLAB, MTSI, TER, UCTT, Q, MU, STX, WDC, SNDK
6) 26:30 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) 31:05 Stock Review – Biotech/Medical: XBI (ETF), IBB (ETF), IMVT, EWTX, TERN, PCVX, AXGN, CGON, AVTX, MAZE
8) 35:15 Stock Review – Others/General Ideas/Commentary: DVN, TDW, NEM, FCX, GOOGL, SPHR, REMX (ETF)
9) 36:50 Conclusion/Summary
Market Summary:
Since the beginning of the year, value-related stocks and the broader market have been acting better than growth stocks and growth-related indexes. This is important to me because I mostly trade growth stocks, as they tend to perform better over the long term. In other words, I was not looking to chase the strength in value, and preferred to patiently wait for better price action in growth. Recently, I was noticing subtle improvements in growth and I discussed them in last Wednesday’s MidWeek Video. Unfortunately, the accumulation day this past Wednesday was immediately met with two distribution days to end the week.
The market has now seen distribution in 4 of the past 7 weeks, and it’s worth being defensive until we see signs of this consistent selling slow down. As I mention in this video, I don’t want to get overly bearish because the NYSE Composite is in a strong trend, the Equal Weight S&P 500 (RSP) is in a strong trend, and many growth stocks in those four sectors I’ve discussed are also in strong trends. In other words, there’s more to the market than the Mag 7. The decisions you make should be based on your timeframe. For example, some stocks I like longer-term and I have strong entry points in them. As long as they are holding those key moving averages, I plan to stick with them. If you a shorter-term trader, it’s best to keep your trading light until conditions improve. Please remember that patience and discipline are big parts of longevity in the stock market. Thank you and enjoy the rest of your weekend.
Unusual Options Activity:
2/27/26 Russell 2000 ETF (IWM) buyer 1075 Jan 2028 $270 calls for $3.5M
2/27/26 Semiconductors ETF (SMH) buyer of 1500 May $420 calls at $23.49
2/27/26 Retail ETF (XRT) 5000 April $90 calls bought at $1.98
2/27/26 Financials ETF (XLF) 10,000 Sept $55 calls buy at $1.75 as June adjust
2/27/26 Bitcoin ETF (IBIT) buyers 4100 April $42 calls at $1.11 offers
2/27/26 Treasury ETF (TLT) buyer 4800 Feb 2027 $100 calls for 1.32
2/27/26 Gold Miners ETF (GDX) 2000 March 2027 $115 puts sell to open at $18
2/27/26 Gold ETF (GLD) 3900 June $485 calls buy at $31.75
2/27/26 Gold ETF (GLD) 10,000 March 6th $481 calls buying at $9.65 to $9.90 in large lots
2/27/26 Silver ETF (SLV) similar to GLD March 6th buyers seeing 13K Mar 6th $84 calls at $3.20 up to $3.68
2/27/26 South Korea ETF (EWY) 1000 Oct 130 short puts open 13.32
2/27/26 Tesla (TSLA) buyers of 2200 March 13th $402.50 calls at $13 to $14
2/27/26 Walmart (WMT) 4000 April 2nd $113 puts sell to open $0.65
2/27/26 TJX Cos (TJX) 1000 Sept $145 short puts open 4.85
2/27/26 KKR (KKR) opening sale 1125 April 87.5 puts for $6.20
2/27/26 Blackstone (BX) opening seller of 1000 Jan $95 puts at $9.75
2/27/26 Exxon (XOM) opening sales of 1900 Sept $125 puts at $3.90 to $3.80
2/27/26 Halliburton (HAL) 1250 June $35 puts sell to open $2.65
2/27/26 SM Energy (SM) 7750 March $20 ITM calls bought at $3.04
2/27/26 EQT (EQT) 5000 March $61 calls bought at $2.47 as March 13th $59 calls adjust
2/27/26 Newmont (NEM) 1000 April 2nd $130 calls bought at $8.33
2/27/26 Uranium Energy (UEC) opening seller of 1100 August $15 puts at $2.31 as March $16 short puts adjust
2/27/26 USA Rare Earth (USAR) buyer 2000 June $27 calls for $2.15
2/27/26 Ondas (ONDS) massive opening sale of 49,264 Jan 2028 $5 puts at $1.85
2/27/26 Redwire (RDW) buyer 1100 August $5 ITM calls at $4.30 to $4.59 as May $10 calls adjust
2/27/26 Vertiv (VRT) buyers of 10K Jan $270 calls at $53.90 as the June $210 calls adjust
2/27/26 Tower Semi (TSEM) buyer of 600 Oct $130 calls at $26.05 to $26.90
2/27/26 Qnity Electronics (Q) 4500 April 90 short puts open 0.90
2/27/26 Nvidia (NVDA) large opening sale of 3420 March 2027 $130 puts at $10.96
2/27/26 Nvidia (NVDA) Sept 2027 $130 short puts open 1300X at 15.61
2/27/26 Nvidia (NVDA) 1900 March 13th $182.50 calls buy at $5.40 to $6
2/27/26 Nvidia (NVDA) also 1500 April 2nd $185 calls buy at $8 to $8.70
2/27/26 Nvidia 2X ETF (NVDL) 2250 April $75 short puts open 7.20 to 7.15
2/27/26 Advanced Micro (AMD) 1200 Oct $160 short puts open 14.45
2/27/26 Micron (MU) 650 August $240 puts sold to open $14.10
2/27/26 Micron (MU) opening sale of 800 Oct $320 puts at $42.35
2/27/26 Dell (DELL) 2500 April $160 calls buy at $4.75
2/27/26 Dell (DELL) also 1200 June $175 calls bought at $6.35
2/27/26 Corning (GLW) opening sale of 3200 March 2027 $120 puts for $18.30 to $18.10
2/27/26 Ciena (CIEN) 1000 March 6th $362.50 calls buy at $18.39 and sells the $317.50 puts for $14.39 in bull r/r
2/26/26 S&P 500 ETF (SPY) buyers 30,000 each March 2027 $800 and $820 calls for over $55M
2/26/26 Energy ETF (XLE) 10,000 Dec $55 short puts opening 4.70
2/26/26 Emerging Markets ETF (EEM) buyer of 5000 June 2027 $70 calls at $3.80
2/26/26 Gold Miners ETF (GDX) opening seller of 1200 Dec $75 puts at $2.60
2/26/26 Gold ETF (GLD) 24,615 May $425 short puts open 5.95
2/26/26 Treasury ETF (TLT) 13,000 August $94 calls buy $1.32 as Sep. 91 adjust
2/26/26 Netflix (NFLX) buyers of 3250 Dec 2027 $110 calls for $3.7M
2/26/26 Netflix (NFLX) 1000 Dec 2028 $90 short puts open $21.25
2/26/26 Tesla (TSLA) buyers 5000 March 4th (W) $430 calls up to 2.10
2/26/26 Tesla (TSLA) seeing 1500 Dec 2028 $570 ITM puts sell to open $221.50
2/26/26 Walmart (WMT) 5000 April 2nd $114 short puts open at $0.92
2/26/26 JP Morgan (JPM) opening sale 250 March 2027 $330 ITM puts for $44
2/26/26 Berkshire Hathaway (BRK.B) opening sale of 2000 March 27th $500 puts at $9.50
2/26/26 Exxon (XOM) opening seller 1000 Dec $145 puts at $12
2/26/26 Bloom Energy (BE) 200 May $120 calls buy at $63 to $64
2/26/26 Williams Cos (WMB) 3000 April 80 calls buy 1.25 offers
2/26/26 Vertex Pharma (VRTX) 400 April $510/$560 call spreads bought at $10.14
2/26/26 United Therapeutics (UTHR) 3450 April $420 puts sell to open to buy the $560/$600 call spreads, adjusting strikes
2/26/26 GE Vernova (GEV) opening seller of 500 May $800 put at $47.60 bids
2/26/26 FTAI Aviation (FTAI) buyer 100 June 260 calls $54
2/26/26 Intuitive Machines (LUNR) 2000 each of the June $16 and $15 puts sell to open
2/26/26 Newmont (NEM) opening sales 1750 May $105 puts at $3.85 to $3.80
2/26/26 Freeport McMoran (FCX) 2500 June 2027 $60 puts sell to open $9.30
2/26/26 Vertiv (VRT) 4190 April 2nd (W) $195 short puts open 1.55
2/26/26 Vertiv (VRT) opening sale of 800 May $210 puts at $11.20
2/26/26 Apple (AAPL) 3000 Dec 2027 $280 short puts open at $37.48 as the May short puts adjusting
2/26/26 Apple (AAPL) large opening seller of 10,000 May $270 puts at $12.10 to $11.85
2/26/26 Google (GOOGL) 10,000 April 2nd (W) $310 short puts open 12.10
2/26/26 Tower Semi (TSEM) 7800 April 85 short puts open 0.90 to 0.85
2/26/26 Nvidia (NVDA) buyer of 2900 April 10th $200/$215 call spreads 3.96
2/26/26 Nvidia (NVDA) 2000 Nov $145 short puts opening $10 to 9.95
2/26/26 Nvidia (NVDA) with 10,000 April 2nd $160 puts sold to open at $2
2/26/26 Nvidia (NVDA) opening seller of 3000 Sept 2027 $150 puts at $21.20 bids for $6.5M
2/26/26 Nvidia (NVDA) late day buyers of 10,000 March $202.50 calls at $2.40 to $2.56
2/26/26 Broadcom (AVGO) large opening seller of 1500 Oct $240 puts at $17.90
2/26/26 Micron (MU) 5000 Mar 13th (W) $400 short puts opening 20.75 to 20
2/26/26 Taiwan Semi (TSM) opening sale of 2000 Jan $450 ITM puts at $108 to $106.50
2/26/26 Lumentum (LITE) large opening sales of 1200 Jan $800 ITM puts at $295.20 bids
2/26/26 Corning (GLW) buyer of 2000 April $160 calls at $13 to $13.55
2/26/26 Corning (GLW) buyers of 1800 June $150 calls at $21.50 as the March $85 calls adjust