Last week, our theme was de-risking.

But we did a quick U-turn this week when SPY and QQQ reclaimed their 8-day moving averages, and we added multiple tech positions.

And thank heavens for that because we hit all-time highs.

Not all of our positions are working perfectly, and we exited Nvidia (NVDA) and Super Micro (SMCI) calls early. But I'm happy with how we did this week, especially with Amazon (AMZN) and Alphabet (GOOGL).

The momentum is on the bulls' side, but we'll still be careful in adding new ideas and managing risk.

If you participated in this week's upside, congrats.

If you did not, take a deep breath and think about what you did wrong.

Then forgive yourself, because you can't nail every move.

The calendar is pretty light next week because it's July 4 holiday week. Remember the market shuts at 1 pm ET Thursday and is closed Friday.

From there we'll be heading into earnings season which should give us plenty of new opportunities.

And of course, we can expect any number of trade and geopolitical headlines before then, so keep an eye out.

Now let’s talk about our current names:

AAPL 7/11 $205 Calls: I added these Friday because I expect catch-up in Apple (AAPL), which has been a major laggard. I think we'll get a surge next week into the holiday.

AMZN 7/11 $220 Calls: this position has been great so far, and I think Amazon (AMZN) could hit the$230 area in the next couple of weeks. But I took off 1/3 Friday to be safe.

TSLA 7/11 $360 Calls: my timing on this one was off, so it's underwater for now. I may have to salvage it next week but I'll let it play out for now.

GOOGL 7/11 $170 Calls: these calls have been great so far, and we talk off 1/3 Friday to be safe. But, the stock could hit the $180 area so I expect more upside.

NBIS 7/11 $55 Calls: we have a small gain here, but I expected much more. The stock could reach the $55 area next week so I'll stay patient.

ACHR 7/3 $11 Calls: the aerial stocks have not acted as well as I'd have expected during the rally, and Archer (ACHR) is no different. So it's in the loss column for now.

 XLE 6/30 $95 X $105 Call Spread: energy stocks have perked up quite a bit, but this position will go in the loss column on Monday's quarterly options expiration.

 Have a good weekend!

-Scott