Topics covered:
1) 0:00 Announcements
2) 0:25 Market Commentary and Index Review
3) 11:20 Stock Review – Aerospace/Defense: UFO (ETF), RKLB, PL, BKSY, ASTS, VSAT, SATL, LUNR, SATS, FLY, RDW
4) 15:15 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, ARM, KLAC, AMAT, UCTT, AOSL, AEHR, TSEM, ON, CRDO, MTSI, Q, MU, STX, WDC, SNDK
5) 19:30 Stock Review – Electronic/Energy/Data Center related: LITE, COHR, GLW, JBL, VRT, GEV, CIEN, AAOI, AXTI, MOD, CLS, TTMI, LASR, POWL, BE, HUT, SIMO, FLEX
6) 23:20 Stock Review – Biotech/Medical: XBI (ETF), EWTX, MLYS, IMVT, ARWR, GH
7) 24:45 Stock Review – Others/General Ideas/Commentary: OIH (ETF), MPC, HNGE, DELL, NBIS, CRWV, IREN, ALAB, SPHR, AMBQ, IONQ, INOD, DOCN, STRL, GOOGL, REMX (ETF)
8) 27:30 Conclusion/Summary

Market Summary:
The price action has been strong the past two months. For the most part, we’ve seen the markets consolidate on light volume, there’s been minimal distribution, the major indexes continue to hold their key moving averages, we’ve seen additional days of accumulation, and, most importantly, many growth stocks continue to act well. My feeling is that all this strong price action is being driven by the four secular growth themes that I’ve been highlighting since the beginning of the year: 1) Aerospace/Defense 2) Semiconductors 3) Data Center related and 4) Biotech.

As I discussed in recent videos, over the past two weeks we’ve seen a minor consolidation. Overall, while going through my screens, the price action in growth stocks is so strong that it makes me think we can continue higher (with minimal downside) into the June OpEx and into the SpaceX IPO. As always, I will take this day-by-day but I’m not going to overcomplicate things or overthink things right now. Keep it simple!

Remember my main guidelines during power trends: 1) Use the 21-day as your guide. In other words, if we are extended from this level, don’t be surprised to see minor pullbacks through price and/or through time. 2) Expose yourself to strong stocks and ETFs. There are plenty of ideas in these videos. 3) Get strong entry points near the 21-day and 50-day moving averages. 4) Manage your trades as best as possible based on your timeframe, risk tolerance, and overall investment plan. I can give guidelines, but ultimately, you need to decide what position size to use, the number of positions to own, when to take profits, and where to set your stop losses. Thank you and good luck for the remainder of the week.

Unusual Options Activity:
6/3/26 S&P 500 ETF (SPY) large opening sale 3000 March $750 puts for $38.40
6/3/26 S&P 500 Equal Weight ETF (RSP) 5000 Sept 220/200 bull risk reversals open for a net credit
6/3/26 Retail ETF (XRT) 5000 July 85 calls buy 2.11 to 2.19
6/3/26 Brazil ETF (EWZ) 3000 Jan 2028 $35 short puts open 5.50
6/3/26 Netflix (NFLX) block 5000 July 10th (W) $82 short puts open 3.30
6/3/26 Netflix (NFLX) opening sale 1000 Jan 2028 $74 puts for 9.90
6/3/26 Lowe’s (LOW) 2925 Sept 185 short puts open 5.80 adjusting June 210
6/3/26 Philip Morris (PM) 1350 Jan $200 calls bought 7.90 to 8.40
6/3/26 Altria (MO) buyer 7500 Jan $77.5 calls up to $3.15
6/3/26 Blackrock (BLK) 150 ITM Sept $1000 puts selling to open $68.80
6/3/26 Schwab (SCHW) 625 June 2027 87.50 calls bought 11.60 to 11.90
6/3/26 Blackstone (BX) large opening sale 2500 June 2027 $110 puts for 18.25
6/3/26 Amgen (AMGN) buyers in Jan $380 calls 900X
6/3/26 Arrowhead Pharma (ARWR) 250 Sept 67.5 calls bought $390K
6/3/26 UniQure (QURE) sweep buys 2000 July $35 calls 3.40 to 3.45
6/3/26 Schlumberger (SLB) ITM buy 1000 Dec $50 calls $9.95 to $10.10
6/3/26 Williams Cos. (WMB) buyers 2700 Jan $80 calls up to $3.70
6/3/26 Philips 66 (PSX) 550 Dec $165 calls bought ITM for $1.77M
6/3/26 Newmont (NEM) 5000 July $135 calls bought 1.25
6/3/26 Caterpillar (CAT) 1000 June 2027 $700 short puts open $53.20
6/3/26 Johnson Controls (JCI) 1000 Jan $175 calls bought 7.90
6/3/26 Bunge Global (BG) opening seller 1000 Oct $140 puts 13.90 ITM
6/3/26 AST SpaceMobile (ASTS) buyer 1500 Oct $190 OTM calls 13.75 to $14
6/3/26 Nokia (NOK) buyers in Jan $34 max strike calls 3500X up to 1.88
6/3/26 Google (GOOGL) buyer 1100 June 2027 $365 calls for $61
6/3/26 Google (GOOGL) 1200 June 2027 $320 short puts open 27.55
6/3/26 Google (GOOGL) 9000 July $355 calls bought $19.25 to $19.55
6/3/26 Amazon (AMZN) bull spreads are selling 12,150 of the August $220 puts to buy the $285/$335 call spreads
6/3/26 Amazon (AMZN) 1000 July 2027 $200 short puts open 12.88
6/3/26 Snowflake (SNOW) 2500 June 12th (W) $255 calls buy 8.75 offer
6/3/26 Cloudflare (NET) buyer 300 Sept 2027 $300 calls 71.24 to 71.60
6/3/26 Workday (WDAY) 1400 Jan $145 puts sold to open $24.90
6/3/26 Digital Ocean (DOCN) 1100 August $180 calls buy $33.10 offers
6/3/26 Akamai (AKAM) buyer 300 Jan 2028 $230 calls 26.50
6/3/26 Akamai (AKAM) buyer 1000 Sept 200 calls for 11.30
6/3/26 NetApp (NTAP) 1000 Sept $135 short puts open 3.60
6/3/26 Astera Labs (ALAB) buyer 600 July $380 calls for $2.5M
6/3/26 CoreWeave (CRWV) 300 Dec 2028 $120 short puts open $53
6/3/26 Iren (IREN) size opening sale 5000 Jan 2028 $55 puts 22.50
6/3/26 Vertiv (VRT) 750 Jan 2028 $200 short puts open 32.70
6/3/26 Nvidia (NVDA) buyer 10,000 Oct $230 calls 18.97 rolled July 220
6/3/26 Nvidia (NVDA) 3200 March 185 short puts trade 16.99
6/3/26 Nvidia (NVDA) size opening sale 2000 ITM June 2028 $280 puts 88.35
6/3/26 Marvell Tech (MRVL) 1300 June $310 short puts opening near $27
6/3/26 Marvell Tech (MRVL) 1500 Sept $300 short puts opening $60
6/3/26 Intel (INTC) 1500 June 26th (W) $11 calls buy 10.90 to 12.40
6/3/26 Intel (INTC) buyer 1000 Oct $155 calls $11.35
6/3/26 Global Foundries (GFS) 12,000 July $105 calls bought appears to adjust 100 strike
6/3/26 Global Foundries (GFS) 500 Oct 70 short puts opening 7.60 bids
6/3/26 Texas Instruments (TXN) 400 Sept 260 short puts open 13.60
6/3/26 Applied Optoelectronics (AAOI) opening sale 275 Dec 190 puts ITM for $71
6/3/26 Viavi Solutions (VIAV) buying in July $65 calls 4000X near $4
6/3/26 Celestica (CLS) 1050 August $450 calls bought with adjustments
6/3/26 AXT (AXTI) buyer 1000 July $110 calls at $21
6/3/26 Himax Tech (HIMX) late day buyer of 1500 Sept $25 calls 5.10 offer
6/3/26 Taiwan Semi (TSM) 1500 Sept $440 short puts opening $46
6/2/26 Nasdaq 100 ETF (QQQ) size opening sales 4000 Sept $745 puts $14M
6/2/26 Silver ETF (SLV) 3000 Nov $95 calls bought 3.50
6/2/26 Steve Madden (SHOO) buyer June 45/50 call ratios 3000X6000
6/2/25 Berkshire Hathaway (BRK.B) 300 Jan 2028 $470 short puts open 33.3
6/2/26 Intuitive Surgical (ISRG) 500 Jan $360 short puts opening 26.30
6/2/26 Revolution Medicines (RVMD) buyers of 2500 July 165/180 call spreads
6/2/26 Aurinia Pharma (AUPH) block 10,000 Jan $15 short puts opens 1.65
6/2/26 Immunovant (IMVT) ITM March 30 calls bought 1000X 11.75
6/2/26 Howmet Aerospace (HWM) 600 July 270/300 call spreads buy
6/2/26 Google (GOOGL) August $310 short puts opening 2620X at 5.45
6/2/26 Google (GOOG) 10,000 Sept $360 puts sell to open $22
6/2/26 Google (GOOG) buyer 1250 March $430 calls for 25.92
6/2/26 Palo Alto (PANW) 1000 Jan $260 short puts trading $31
6/2/26 Fortinet (FTNT) opening sale 6000 August $125 puts 6.70 to 6.65
6/2/26 Oracle (ORCL) 10,000 June 26th (W) $190 short puts opened 2.35
6/2/26 Oracle (ORCL) 400 Jan 280 short puts open 70.45
6/2/26 ServiceNow (NOW) 2250 August 125 short puts opening near $16
6/2/26 DataDog (DDOG) 1000 July $240 short puts open 11.70
6/2/26 IBM (IBM) size opening seller 1500 March $290 puts for 38.20
6/2/26 Dell (DELL) buyer 425 Oct $700 calls for $32.70
6/2/26 Arista Networks (ANET) 500 March $180 calls bought for $1.8M
6/2/26 Arista Networks (ANET) buyer 1000 max strike August $260 calls $3.20
6/2/26 CoreWeave (CRWV) 2000 July $130 ITM puts sold to open for $3.5M
6/2/26 Iren (IREN) 2500 Sept 80 calls bought as June 75 adjust
6/2/26 Astera Labs (ALAB) 250 Dec 250 short puts open $44
6/2/26 Nvidia (NVDA) 3860 Dec $205 short puts open 17.04 as Nov 200 adjust
6/2/26 Nvidia (NVDA) buyer 10,000 Oct $230 calls $23.98 adjusting July
6/2/26 Broadcom (AVGO) 5000 Sept $490/$540 call spreads bought
6/2/26 Broadcom (AVGO) opening seller 1000 Sept $490 puts ITM 63.70
6/2/26 Marvell Tech (MRVL) 1950 July $250 short puts opening $5M premium
6/2/26 Marvell Tech (MRVL) 1000 Sept $200 short puts open $18.25
6/2/26 ASML Holdings (ASML) 500 August 1700 calls buy $165 as $1560 calls adjust
6/2/26 Texas Instruments (TXN) large buy 1500 Jan $320 calls $43.79
6/2/26 NXP Semi (NXPI) size buy 1750 Jan $430 calls 25.90 like the TXN trade
6/2/26 Intel (INTC) buyers hot July $150 calls with 25K trading
6/2/26 Intel (INTC) 1394 March 97.5 short puts open at 21.68
6/2/26 ST Micro (STM) buyer 500 Nov 2027 $85 calls 24.90
6/2/26 Arm Holdings (ARM) buyer 600 August $410 calls $70.3
6/2/26 Teradyne (TER) buyers of 850 August $430 calls $45.50
6/2/26 TTM Tech (TTMI) buyer 1800 August 175 calls 37.15 as July 200 adjust
6/2/26 Coherent (COHR) 500 July 450 short puts ITM open 70
6/2/26 Celestica (CLS) 1000 June $490 calls bought 22.16 adjusting some $425 calls
6/2/26 Viavi Solutions (VIAV) 1400 Sept $60 calls buying $8.20 offer
6/1/26 Nasdaq 100 ETF (QQQ) buyer 2000 Oct $835 calls $12.10
6/1/26 Russell 2000 ETF (IWM) buyers of June 30th (Q) $300 calls 24,000X for $5M
6/1/26 Russell 2000 ETF (IWM) buyers 3000 July $291 calls 7.76 offers
6/1/26 Tech ETF (XLK) 1100 March 180 short puts open 13.30
6/1/26 Ark Innovation ETF (ARKK) buyer 3000 July $84 calls $3.70
6/1/26 South Korea ETF (EWY) 2000 July 10th (W) $160 short puts open $5
6/1/26 Metals ETF (XME) 5000 July 140/155 call spreads bought
6/1/26 Gold Miners ETF (GDX) buyer 15,000 June 26th (W) $93 calls 2.30 offer
6/1/26 Silver ETF (SLV) 1700 March $62 short puts open $6.83
6/1/26 Netflix (NFLX) opening seller 8500 August $72 puts 1.23
6/1/26 AmEx (AXP) 725 August $310 short puts open 15.25 to 15
6/1/26 Amgen (AMGN) 2200 August $310 calls bought 29.61 as June 305 adjust
6/1/26 Bristol Myers (BMY) buyer 3000 August $60 calls $1.20 offer
6/1/26 J&J (JNJ) opening sellers 1500 Oct 220 puts 10.50 to 10.30
6/1/26 Novo Nordisk (NVO) 1400 Oct $45 short puts open $4.70
6/1/26 Revolution Medicines (RVMD) 500 Sept $175 calls buy $17
6/1/26 Corcept Therapeutics (CORT) buyer 2000 August $75 calls $5.30
6/1/26 Bloom Energy (BE) 2450 August $300 calls buying for $13M
6/1/26 Expand Energy (EXE) buyer 2000 Jan $105 calls $6.03 against $125 calls
6/1/26 Honeywell (HON) large buy 3750 Sept $240 calls 15.70
6/1/26 HP (HPQ) buyers 3000 July $30 calls for $900K
6/1/26 Amazon (AMZN) 4500 August 225 short puts opening 4.18
6/1/26 Google (GOOG) buyer 5000 June 26th (W) $390 calls for 5.30
6/1/26 Meta (META) 5000 August $480 short puts open $5
6/1/26 Microsoft (MSFT) 1500 March $580 calls bought $23
6/1/26 ServiceNow (NOW) March $185 OTM calls with 1370X bought
6/1/26 Cloudflare (NET) 5000 July $260 short puts open 24.05
6/1/26 Akamai (AKAM) 3000 July 180 calls with buyers
6/1/26 Twilio (TWLO) 550 Aug 260 OTM calls bought 10.50
6/1/26 DataDog (DDOG) buyer 1000 June 2028 $300 calls for $97.50
6/1/26 Palo Alto (PANW) buyer 1000 Sept 290/370 call spreads adjusts the 250/330
6/1/26 Nebius Group (NBIS) 2000 July $270 short puts opening for 46.70
6/1/26 Nebius Group (NBIS) 1500 Dec $230 short puts open $60 as Nov 185 adjust
6/1/26 Nebius Group (NBIS) 1200 Dec $280 calls bought $10M as the Nov 260 adjust
6/1/26 IBM (IBM) size opening sale 1550 March $300 puts for 43.25
6/1/26 Oracle (ORCL) size opening sale 10K Jan 200 puts 25.50
6/1/26 Dell (DELL) spread bought 1000 Sept $500 calls and sold 1250 of the $600 calls
6/1/26 Dell (DELL) 500 Dec 2028 $300 short puts open $84
6/1/26 Intel (INTC) 5000 Sept $65 short puts open 2.18
6/1/26 Intel (INTC) size buy 5000 Nov $170 calls for $11.40
6/1/26 Microchip (MCHP) 3000 Sept $85 puts sold to open $7.95
6/1/26 ST Micro (STM) buyer 5000 Jan $90 calls $9
6/1/26 Marvell Tech (MRVL) 3000 Sept $260 calls bought as July 200 adjust
6/1/26 nVent Electric (NVT) 1000 July $175 calls bought 12.40 as June 165 adjust
6/1/26 Viavi Solutions (VIAV) 900 July $45 calls bought 7.10 offer
6/1/26 TTM Tech (TTMI) buyer 1500 August $175 calls for $4.8M in stock replacements
6/1/26 Camtek (CAMT) buyer 600 July 200 calls $7
6/1/26 Coherent (COHR) buyers 1500 July $360 calls $45 to $46
6/1/26 SanDisk (SNDK) 2000 Jan $1700 puts being sold to open for nearly $100M
6/1/26 Micron (MU) massive opening sale 2150 Jan $1200 ITM puts for $84M
6/1/26 Micron (MU) 8000 July $730 short puts open near $28.02 as June 620 adjust