Topics covered:
1) 0:00 Announcements
2) 0:55 Market Commentary and Index Review
3) 20:40 Stock Review – Aerospace/Defense: VSAT, GE, HWM, WWD
4) 22:10 Stock Review – Semiconductors and Data Storage: SMH (ETF), NVDA, AVGO, TSM, AMAT, ASML, MU, STX, WDC, SNDK
5) 23:50 Stock Review – Electronic/Energy/Data Center related: ANET, XMTR, GEV, ATI
6) 24:55 Stock Review – Software: BUG (ETF), CIBR (ETF), CRWD, PANW, FTNT, OKTA, NET, SNOW, DDOG
7) 26:10 Stock Review – Biotech/Medical: XBI (ETF), LLY, BMY, ABBV, JAZZ, INCY, EWTX, IMVT, LQDA, URGN, VCYT, TVTX, ORKA, SYRE
8) 29:25 Stock Review – Genomics: ARKG (ETF), GH, NTRA, BLLN, TXG, TWST, ILMN
9) 30:35 Stock Review – Others/General Ideas/Commentary: HNGE, VLO, PSX, DELL, HOOD
10) 32:35 Conclusion/Summary

Market Summary:
In this video, I review the market’s positives and negatives. Unfortunately, the biggest negative is that growth stocks are in a correction and it’s going to take some time for them to build bases and recover. My conclusion is the same as it has been in recent videos: Defense until we see better price action. I prefer to trade SUSTAINED uptrends and right now the price action is too volatile and choppy. My instincts tell me that we won’t see the next power trend until the Fall, so I prefer to wait patiently for better setups. As always, I will be open-minded and continue to monitor the market’s price action. For now, defense means lighter positions and a higher cash position until conditions in the growth world improve.

If you have any questions, you can ask them during the next LIVE webinar, which will be this Monday, July 27th at 7PM EST. Also, the last video will be on Wednesday, July 29th and there will be no more login access after July 31. Thank you and enjoy the rest of your weekend.

Unusual Options Activity:
7/24/26 S&P 500 ETF (SPY) buyers Aug 14th (W) $750 calls 20,000X $5.46 to $5.50
7/24/26 Nasdaq 100 ETF (QQQ) 14,000 Aug 7th (W) $685/$650 put spreads bought
7/24/26 Ultra Nasdaq 3X ETF (TQQQ) buyer of 12,000 Jan 2028 $63 calls $24.12
7/24/26 Semiconductors ETF (SMH) opening sale 1000 March $420 puts 28.90
7/24/26 Tech ETF (XLK) block 4000 Jan $142.5 short puts open 4.21
7/24/26 South Korea ETF (EWY) 1500 each Jan $130 and March $125 puts sell to open for $2.5M each
7/24/26 Gold Miners ETF (GDX) 1500 March $67 short puts open 5.30
7/24/26 Tesla (TSLA) 1350 Oct $260 short puts open $6.63
7/24/26 Walmart (WMT) buyer 2000 Nov $120 calls at 3.70
7/24/26 Lowe’s (LOW) 700 Oct $200 short puts open 9.40
7/24/26 Viking Holdings (VIK) 3300 August $90 short puts open for 1.825
7/24/26 JPMorgan (JPM) 1050 Oct $395 calls bought 3.30
7/24/26 Visa (V) 300 June 2027 $315 short puts open 15.45
7/24/26 AbbVie (ABBV) buyer 200 June 2027 $310 calls 11.75
7/24/26 Amgen (AMGN) 630 Oct $330 short puts open down to 5.70
7/24/26 Repligen (RGEN) 1000 June 2027 $130 short puts opening 21.75
7/24/26 Chevron (CVX) size buy 12,500 Oct $210 calls 5.40
7/24/26 Devon Energy (DVN) buyer 2600 Jan 57.5 OTM calls 1.42
7/24/26 HF Sinclair (DINO) 700 Jan 2028 $105 short puts open 26.90
7/24/26 EOG Resources (EOG) 2150 Sept $160 calls bought 3.08
7/24/26 Bloom Energy (BE) 1250 Oct $280 calls buying for $4M
7/24/26 GE Vernova (GEV) 1000 August 28th (W) $785 short puts open 7.50
7/24/26 Howmet Aerospace (HWM) $8M buy of 750 Jan 2028 $210 ITM calls as Jan 2027 adjust out a year
7/24/26 Rocket Lab (RKLB) buyer 3550 August $65 calls 6.78
7/24/26 Cloudflare (NET) 500 August 14th (W) $250 short puts open 12.70
7/24/26 Nokia (NOK) 2800 Dec 2028 $12 calls buy $3.20
7/24/26 Amazon (AMZN) 700 Feb 2027 $210 short puts open 13.27
7/24/26 Amazon (AMZN) 5000 Sept 4th (W) $250 calls bought for $3.5M
7/24/26 Google (GOOG) 2050 Sept $285 short puts open 3.29
7/24/26 Google (GOOG) 2450 August 28th (W) $340 calls bought 5.00
7/24/26 Google (GOOGL) buyer 2000 Oct 380 calls 3.85
7/24/26 Datadog (DDOG) 350 Sept $210 short puts open 12.80
7/24/26 ServiceNow (NOW) 328 Feb 110 short puts opening 24.65
7/24/26 Meta (META) 1225 Jan 2028 $1090 calls bought for $4.5M
7/24/26 Cisco (CSCO) 650 June 2027 $125/$105 bull risk reversals open
7/24/26 Nvidia (NVDA) buyer 4900 Sept 4th (W) $230 calls 5.03
7/24/26 Intel (INTC) buyer 2000 Sept $92.5 calls for $3.2M
7/24/26 Intel (INTC) massive opening sale 8300 June 2027 $85 puts $19.85 to $19.76
7/24/26 Arm Holdings (ARM) 450 March $150 short puts open at $15.35
7/24/26 Advanced Micro (AMD) 250 Dec $740 calls bought 42.41
7/24/26 Advanced Micro (AMD) 350 Feb $330 short puts open $24.35
7/24/26 KLA Corp (KLAC) 1000 March $150 short puts open at 22.1
7/24/26 Marvell Tech (MRVL) opening sale 900 Oct $185 puts 28.15
7/24/26 Corning (GLW) 700 March $125 short puts open $23.55
7/24/26 Taiwan Semi (TSM) 600 Sept 2027 $280 short puts open 22.73
7/23/26 Nasdaq 100 ETF (QQQ) 2000 Aug 7th (W) $697 short puts open $15.16
7/23/26 Nasdaq 100 ETF (QQQ) also 2000 Feb $660 short puts open 35.25
7/23/26 Russell 2000 ETF (IWM) opening sale 20,500 April $250 puts for 7.37
7/23/26 Nasdaq Ultra 3X ETF (TQQQ) 1000 Dec $75 short puts open at $16
7/23/26 Energy ETF (XLE) 2300 Nov $65 short puts opening $6.30
7/23/26 Gold ETF (GLD) buyer 7000 Oct $400 calls 7.14 to 7.18
7/23/26 Silver ETF (SLV) buyer 1050 Oct $51 calls $5.25 to $5.40
7/23/26 Tesla (TSLA) 650 Feb 2027 $250 short puts open 14.00
7/23/26 Walmart (WMT) 4150 Sept $97.5 short puts open 1.31
7/23/26 Netflix (NFLX) 4000 Sept $68 short puts open 3.05 bid
7/23/26 Imax Corp (IMAX) buyer 500 Dec $48 calls 3.95
7/23/26 Philip Morris (PM) 900 June 2027 $160 short puts open 8.65
7/23/26 Exxon (XOM) 1350 Nov $145 short puts open 5.25
7/23/26 Chevron (CVX) 1100 March $200 calls bought with Jan 190 adjustments
7/23/26 Revolution Medicines (RVMD) 500 OTM Sept $230 calls bought
7/23/26 Forte Biosciences (FBRX) unusual 400 Sept $55 calls buying above $14
7/23/26 SpaceX (SPCX) buyer 1000 Sept $115 calls 18.40 offer
7/23/26 SpaceX (SPCX) opening sale 1400 June 2027 $105 puts 24.33
7/23/26 Woodward (WWD) 450 Sept 410 calls buy 34.13 adjusting Aug 440
7/23/26 Union Pacific (UNP) 300 Nov $340 calls buy 10.40 offer
7/23/26 Dell (DELL) 1K Jan $500 calls buy $87 offer
7/23/26 Palo Alto (PANW) 550 Oct $320 ITM short puts open 35.20
7/23/26 Snowflake (SNOW) buyer 500 March $250 calls $63.9 adjusts Sept 250
7/23/26 Google (GOOGL) 1160 June 2027 $325 calls buy $48.5 to $49
7/23/26 Google (GOOGL) 1350 Feb 2027 $260 short puts open 9.50
7/23/26 Amazon (AMZN) buyer of 850 Feb 2027 $230 calls 31.95
7/23/26 Meta (META) buyer 2000 Oct 720 calls for 17.65
7/23/26 Nvidia (NVDA) opening sale 900 Feb 2027 $210 puts at $25.60
7/23/26 Marvell Tech (MRVL) 600 August 28th (W) $230 calls bought 20.27
7/23/26 Qualcomm (QCOM) opening sale 900 Oct $175 puts 21.85
7/23/26 Analog Devices (ADI) buyer 200 Jan 2028 $400 calls 90.75
7/23/26 Global Foundries (GFS) 900 Sept 2027 $50 short puts open for 11.80
7/23/26 Coherent (COHR) 750 Jan $250 short puts open for $3.3M