The chips read from overnight partially reverses before the bell — AEHR is up sharply after its blowout burn-in quarter, Lattice Semiconductor gapped on a strong report, and Fabrinet moved on optical interconnect demand, pulling the chip sector strongly higher. That matters for AMD's report tonight: the semis tape has a better tone now than it did at yesterday's close, and how AMD reacts will still be the first real read on whether the drawdown has found a floor. Energy is the read that weakens — it led the overnight narrative, but energy ETFs are soft this morning, and some of that rotation leadership may not hold at the open. Bloom Energy got a Barclays upgrade overnight, a divergence worth watching: one grid name getting bought while most of the power theme is still in retreat. The most notable negative is Shopify, down sharply on a shelf filing to sell shares — a company-specific supply event, not a macro signal.
Read the full edition →SPY +0.2%, QQQ +0.8%, IWM +0.6%. 182 liquid stocks up 2% or more, 59 down. Leading chips +3.2%, lagging energy -1.1%.
Up: AEHR +18.8%, LSCC +13.7%, AEIS +12.5%, FISV +10.0%
Down: SHOP -17.1%, ZBRA -16.9%, DT -14.1%, XMTR -7.4%
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 39 | 92% vs 60% market | 3 8-Ks filed into the theme: AEHR, CC, VECO; 6 new dated views (3 bullish): Steve Weiss (Short Hills), Lynn Alden, Gil Luria, Drew Pettit |
| Defense & drones | 2 up · 7 down of 17 | 53% vs 60% market | 7 pts fewer of its names moving than last edition; 2 8-Ks filed into the theme: VVX, SAIC |
| Energy (oil & gas) | 6 up · 2 down of 21 | 38% vs 60% market | 12 pts fewer of its names moving than last edition; 4 8-Ks filed into the theme: CRGY, KOS, WTTR, KOS; 3 new dated views (3 bullish): Bob Dahl, Arun Sundaram, Todd Sohn |
| Nuclear & uranium | 0 up · 7 down of 9 | 78% vs 60% market | 5 pts more of its names moving than last edition; 1 new dated view (1 bullish): Unknown |
| Power & the grid | 0 up · 6 down of 7 | 86% vs 60% market | 11 pts more of its names moving than last edition; 1 8-K filed into the theme: AESI |
| Robotics & autonomy | 0 up · 6 down of 13 | 46% vs 60% market | 18 pts fewer of its names moving than last edition |
| Space | 2 up · 7 down of 12 | 75% vs 60% market | 17 pts more of its names moving than last edition; 1 8-K filed into the theme: VOYG |
| Name | Price | IV | Own-yr pctile | Why today | Example contract (last close) |
|---|---|---|---|---|---|
| CSCO Tech Hardware | $102.0 | 62.9 | 100 | high vol, top of its year, post-drop | Dec 11 $90p · $1.48 bid ≈ 1.64% / 39d |
| PLTR Software | $173.0 | 74.8 | 96 | high vol, top of its year, post-drop | Dec 4 $150p · $4.5 bid ≈ 3.0% / 32d |
| AMD Semis Earnings in 1d | $472.0 | 81.8 | 94 | high vol, top of its year, post-drop | Dec 11 $400p · $13.4 bid ≈ 3.35% / 39d |
| NVDA Semis | $203.8 | 48.8 | 88 | high vol, top of its year, post-drop | Dec 11 $180p · $3.3 bid ≈ 1.83% / 39d |
| CAT Machinery Earnings 4d ago | $613.56 | 45.7 | 83 | high vol, top of its year, post-drop | Dec 11 $550p · $8.25 bid ≈ 1.5% / 39d |
| ORCL Software | $119.4 | 66.5 | 75 | high vol, top of its year, post-drop | Dec 18 $100p · $3.75 bid ≈ 3.75% / 46d |
| Name | What | Volume vs normal | Calls / puts | Stock move |
|---|---|---|---|---|
| BSY $42.40 | long-dated call build | 10.6× 2,815 contracts | 100% calls · 0% puts | +3.67% day · +6.4% week |
| PGY $18.08 | long-dated call build | 7.8× 27,592 contracts | 98% calls · 2% puts | -6.08% day · -2.7% week |
| WING $163.72 | long-dated call build | 5.1× 6,145 contracts | 69% calls · 31% puts | +9.57% day · +33.2% week |
| BSX $44.29 | options volume out of the ordinary | 9.5× 230,939 contracts | 97% calls · 3% puts | -0.23% day · -3.0% week |
| CC $13.16 | options volume out of the ordinary | 8.9× 13,453 contracts | 91% calls · 9% puts | -2.73% day · +2.2% week |
| TROW $105.85 | downside bought | 12.5× 12,411 contracts | 5% calls · 95% puts | +4.83% day · +2.3% 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: 131 new ideas from 199 new videos since the last edition. Convergence lives in Idea Scout on Sunday.