The overnight energy read is the one to watch this morning: energy is the only sector gapping down before the bell — pulling back sharply after weeks of being the tape's clear winner — while chips are the surprise bid, with semis leading all sectors. COHR is up sharply pre-market despite no headline, a notable reversal for one of the biggest 20-day losers in the AI-infrastructure selloff; the open would confirm whether that's real repositioning or thin pre-market noise. LITE is down on the Marvell acquisition news — Marvell's CEO framed the combined entity as a path to becoming a top-five AI infrastructure semiconductor company, which the market is reading as a vote on the acquirer. AAPL and GOOGL short pressure from the overnight both hold, with voices continuing to step aside ahead of AAPL's report this week. Broad market is bid, but a rotation from energy into chips is the actual story this morning, not a clean recovery.
Read the full edition →SPY +0.6%, QQQ +1.1%, IWM +0.9%. 166 liquid stocks up 2% or more, 57 down. Leading chips +1.9%, lagging energy -2.0%.
Up: IDXX +7.9%, GFI +5.4%, XPEV +4.9%, HMY +4.8%
Down: CHKP -7.2%, EQNR -5.1%, LITE -5.1%, RSI -4.3%
Liquid = average daily volume of $50M or more; names with $1M or more traded since 04:00 ET; ETFs left out.
Its move, its options volume, the put at the bid and the ten-year one-lot history, for every stock you follow. Follow from any stock page.
Find a stock →| AI & data centers | 0 up · 36 down of 40 | 90% vs 52% market | 10 pts more of its names moving than last edition; 1 8-K filed into the theme: SXI; 6 new dated views (4 bullish): Steve Eisman, Peter Singlehurst, Melissa Hutchinson, Lauren Cassidy |
| Defense & drones | 1 up · 8 down of 15 | 60% vs 52% market | 7 pts more of its names moving than last edition; 1 new dated view (1 bullish): Jim Cramer (CNBC) |
| Energy (oil & gas) | 9 up · 2 down of 22 | 50% vs 52% market | 6 new dated views (5 bullish): Unknown, Ian King, Sarah Hunt, Vince Piazza |
| Nuclear & uranium | 1 up · 7 down of 11 | 73% vs 52% market | 9 pts more of its names moving than last edition |
| Power & the grid | 0 up · 6 down of 8 | 75% vs 52% market | 1 new dated view (1 bullish): Howard Marks |
| Space | 0 up · 7 down of 12 | 58% vs 52% market | 17 pts fewer of its names moving than last edition |
| Robotics & autonomy | 1 up · 8 down of 14 | 64% vs 52% market | unchanged |
| Name | Price | IV | Own-yr pctile | Why today | Example contract (last close) |
|---|---|---|---|---|---|
| AMZN Retail Earnings 1d ago | $225.47 | 37.9 | 75 | high vol, top of its year, post-drop | Dec 11 $220p · $3.0 bid ≈ 1.36% / 42d |
| HD Retail | $309.63 | 32.4 | 84 | high vol, top of its year | Nov 27 $305p · $2.48 bid ≈ 0.81% / 28d |
| Name | What | Volume vs normal | Calls / puts | Stock move |
|---|---|---|---|---|
| SGHC $10.69 | long-dated call build | 7.8× 39,741 contracts | 87% calls · 13% puts | -0.28% day · -1.5% week |
| HOG $26.76 | long-dated call build | 4.7× 5,355 contracts | 73% calls · 27% puts | -10.35% day · -7.6% week |
| COHU $50.81 | long-dated call build | 7.0× 4,587 contracts | 99% calls · 1% puts | +4.81% day · +5.6% week |
| EW $86.60 | options volume out of the ordinary | 15.3× 14,831 contracts | 95% calls · 5% puts | -8.30% day · -4.0% week |
| RSI $12.09 | options volume out of the ordinary | 11.2× 4,443 contracts | 98% calls · 2% puts | -11.23% day · -24.0% week |
| HUN $8.58 | options volume out of the ordinary | 9.7× 3,455 contracts | 43% calls · 57% puts | -4.35% day · -2.5% week |
This is activity, not a reading on premium: who traded size, in what, leaning which way. Volume = settled options volume against the name’s own normal, with the contracts traded under it. Calls / puts = the split of that volume. Stock move = last session and last five sessions.
Board delta: 336 new ideas from 531 new videos since the last edition. Convergence lives in Idea Scout on Sunday.