Daily Brief — 2026-04-15

Generated 4/15/2026, 9:31:29 PM

28 tickers

Thesis check-in

Today's news strongly reinforces the substrate-constraint thesis. ASML reported an earnings beat but guided down China revenue due to export bans — the EUV bottleneck is tightening geopolitically, not easing. META-AVGO multi-year custom ASIC deal, BWXT announcing a new uranium enrichment facility, and Williams breaking ground on Northeast Supply Enhancement all confirm that physical buildout (silicon, fuel, pipelines) is the binding constraint. No cracks in the thesis; if anything, the ASML China restriction and hyperscaler capex narratives are accelerating the substrate scarcity premium.

Macro

S&P 500 and Nasdaq hit new highs, suggesting the market is pricing continued AI-capex acceleration. MSFT +4.6% and ORCL +4.2% lead on enterprise AI adoption narratives. VST's $4B debt offering and NRG's $1.5B tender signal power generators are aggressively restructuring balance sheets to fund capacity, consistent with a capital-intensive buildout cycle where rates remain a cost but not a deterrent given contracted cash flows.

Suggested portfolio

updates daily · not advice

Capital

→ splits $10,000 across 14 positions

TSM12.0%$1,200
THE substrate bottleneck — every leading-edge AI chip transits TSM. CoWoS capacity is the binding constraint. Reports tomorrow; highest-conviction position.
GOOGL10.0%$1,000
Anchor hyperscaler: owns TPUs via AVGO/TSM, nuclear PPA discussions, Search/YouTube cashflow funds buildout. Earnings April 29.
CEG10.0%$1,000
Largest US nuclear fleet with ~24 GW operating capacity. Hyperscaler PPAs at premium pricing. Only operating nuclear play with real nameplate MW at scale.
AMZN9.0%$900.00
Anchor hyperscaler: Trainium custom silicon, broadest DC geographic footprint, Anthropic equity. Slightly below GOOGL on less silicon maturity.
ASML8.0%$800.00
EUV/High-NA monopoly gatekeeps all leading-edge nodes. Reported today — beat + raised guide despite China headwinds. No substitute exists.
GEV8.0%$800.00
Gas turbine backlog sold out through 2027+; grid equipment + transformers. Reports April 22. Dual power-generation and grid exposure.
BWXT7.0%$700.00
HALEU enrichment facility announcement directly addresses nuclear fuel bottleneck. Naval reactor monopoly + SMR component exposure. Unique physical moat.
AVGO7.0%$700.00
Custom ASIC design monopoly for GOOGL/META/Anthropic. Multi-year deal expansion today. Bridge between hyperscaler capex and TSM fab capacity.
CCJ6.0%$600.00
Uranium supply constraint play — highest-grade mines globally + Westinghouse fuel services. Structural supply deficit supports pricing.
VRT6.0%$600.00
Liquid cooling is mandatory above 100kW/rack. Broadest product line. Reports April 22 — liquid cooling orders are the key metric.
ETN5.0%$500.00
Data-center electrical infrastructure (switchgear, UPS, PDUs). $11.8B+ backlog with 2-3yr visibility. Physical moat in transformer/switchgear manufacturing.
PWR5.0%$500.00
Largest T&D contractor; ~$32B backlog. Grid reconductoring and FERC Order 1920 create decade-long tailwind. Physical labor moat.
WMB4.0%$400.00
Transco pipeline is the gas delivery backbone for East Coast DCs. NESE construction started. Bridge fuel exposure with regulated revenue.
LRCX3.0%$300.00
HBM layer-count increases drive etch tool demand. Reports April 22. Smallest position due to NAND headwind but HBM4 exposure is compelling.

Action items

PRIORITY: TSM reports tomorrow April 16 pre-market — review CoWoS capacity guidance, N3 wafer starts, Arizona fab yield, and 2026 capex. This is the single most important substrate data point this week.
ASML reported today: dig into the earnings transcript for High-NA EUV delivery schedule and China revenue run-rate decline. Quantify remaining China backlog at risk.
VRT and GEV both report April 22 — set alerts for liquid cooling orders (VRT) and gas turbine backlog (GEV). These are the earliest grid/cooling reads before hyperscaler earnings.
LRCX and KMI also report April 22 — heavy earnings day. LRCX HBM4 tool orders and KMI pipeline throughput data both matter for the thesis.
BWXT uranium enrichment facility: read the announcement for capacity targets (kg HALEU/year), DOE funding structure, and timeline. This directly addresses a nuclear fuel supply bottleneck.
META-AVGO ASIC deal: look for disclosed chip specs (process node, target TDP, wafer volumes) and expected first-silicon date. This quantifies how much custom silicon displaces NVDA GPUs.
Monitor X-energy IPO pricing and prospectus for TRISO fuel fabrication capacity (kg/year), Xe-100 deployment timeline with Dow, and capitalization structure. Add to watchlist if IPO prices.
Review OKLO board refresh — four new directors may signal strategic pivot or acceleration. Check backgrounds for nuclear operations, NRC, or hyperscaler experience.
Big hyperscaler earnings week April 29-30 (GOOGL, MSFT, META, AMZN): prepare substrate-focused questions — MW under contract, custom silicon timelines, capex guidance, DC MW under construction.
Williams NESE: check FERC filings for construction schedule, pipeline diameter, and incremental Bcf/d capacity. Quantify the grid-bridge impact.

Hyperscalers & AI Labs

Hyperscalers continue to invest aggressively into physical infrastructure. MSFT faces 'capex trap' scrutiny ahead of earnings, AMZN acquires Globalstar for satellite connectivity, and GOOGL partners with Thoma Bravo to push AI into enterprise software — all three report April 29-30.

GOOGL

$337.12 +1.26%

Earnings April 29; Thoma Bravo AI enterprise partnership and potential SpaceX windfall add cashflow optionality.

Near: Consensus expects another beat; cloud revenue growth and TPU v6 utilization rates will be the substrate-relevant metrics. SpaceX mark-to-market could inflate headline numbers but is non-operational.

Mid: Full-stack advantage (TPU silicon via AVGO, Gemini models, owned fiber, nuclear PPA discussions) positions GOOGL as the most vertically integrated hyperscaler. Watch for disclosed MW under contract.

AMZN

$248.50 -0.21%

Globalstar acquisition expands connectivity layer; Alexa+ GenAI rollout in Europe signals inference-at-scale deployment.

Near: Earnings April 30. AWS growth rate and Trainium 2 adoption are the key substrate metrics. Globalstar buy is a long-cycle satellite bet, not near-term material.

Mid: Anthropic equity stake + Trainium custom silicon + 85+ AZ data center regions give AMZN unmatched geographic distribution of compute. Logistics backbone provides real-estate and permitting advantages for DC siting.

MSFT

$411.22 +4.63%

Azure AI capex questioned as 'growth engine or capex trap'; OpenAI planning ChatGPT ad monetization adds revenue diversification.

Near: Earnings April 29. The market will parse Azure AI revenue vs. total capex carefully. OpenAI ad revenue would reduce MSFT's subsidy burden. +4.6% today suggests positioning ahead of results.

Mid: MSFT lacks custom silicon at scale (relying on NVDA/AMD) and does not own power generation — most substrate-exposed of the Big 3 hyperscalers. Copilot enterprise distribution is a software moat, not a physical one.

Compute & Semis

ASML reported Q1 beat but stock dropped 2.4% on China revenue headwinds from export controls — the EUV bottleneck is now partly geopolitical. TSM reports tomorrow; demand narrative is strong but CoWoS capacity remains the binding constraint. META-AVGO deal validates custom ASIC path. AMD MI450 previews suggest a credible NVDA challenger at leading edge.

NVDA

$198.87 +1.23%

Golden cross formed; quantum AI (Ising) launch adds narrative but training GPU monopoly is the substrate story.

Near: Earnings May 20. Blackwell ramp and supply allocation will determine near-term. Brad Gerstner remains bullish despite valuation concerns. Watch for GB200 NVL72 delivery timelines.

Mid: NVDA's moat is CUDA + packaging priority at TSM. If CoWoS capacity grows 2x in 2026 as guided, NVDA captures the majority. Custom ASIC competition (AVGO for GOOGL/META) is the structural risk.

AMD

$258.12 +1.20%

MI450 preview suggests meaningful architecture leap; $60M autonomous driving investment with Arm/Qualcomm diversifies revenue.

Near: Earnings May 5. MI300X hyperscaler adoption metrics and MI450 tape-out timeline are the key disclosures. Wayve investment is small but signals edge inference ambitions.

Mid: MI450 on TSMC N3 with HBM4 could close the CUDA gap for inference workloads. AMD's substrate constraint is the same as NVDA's: CoWoS and HBM supply at TSM.

AVGO

$396.72 +4.20%

Multi-year custom ASIC deals with META, GOOGL, and Anthropic confirm AVGO as the dominant custom silicon partner; +4.2% today.

Near: Earnings June 3. The META deal expansion is the headline — multi-year revenue visibility on custom AI accelerators. Networking silicon (Memory, Jericho3, Memory) also benefits from DC buildout.

Mid: AVGO is becoming the TSMC of custom ASIC design — a substrate enabler. Three major hyperscaler relationships (GOOGL, META, Anthropic) provide diversified, long-duration revenue. Packaging and TSM allocation are AVGO's constraints.

TSM

$375.10 -1.26%

Earnings tomorrow (April 16) — the most important substrate data point this week. Can CoWoS/SoIC capacity keep up with demand?

Near: Q1 results and Q2 guidance will set the tone for the entire compute stack. Key metrics: N3 wafer starts, CoWoS capacity additions (target ~2x YoY), Arizona fab ramp status, capex guidance for 2026.

Mid: TSM is THE substrate bottleneck for AI compute. Every NVDA, AMD, and AVGO chip flows through TSM. Arizona Fab 21 Phase 1 (N4) is in production; Phase 2 (N3) is the key capacity unlock for US supply chain security.

ASML

$1481.77 -2.41%

Q1 beat on revenue and EPS but stock -2.4% as China segment contracts under export bans; raised 2026 sales outlook nonetheless.

Near: Reported today. China revenue decline is structural — export bans are permanent. Raised full-year guide signals non-China demand (Intel, TSM, Samsung) is more than compensating. High-NA EUV (0.55 NA) delivery schedule is the key bottleneck metric.

Mid: ASML's EUV monopoly is the ultimate substrate gatekeeper — no leading-edge chips exist without their tools. High-NA ramp for N2 and below creates multi-year pricing power. Backlog was €36B+ last quarter.

Power Generation

Nuclear is clearly the energy story of 2026. OKLO +8% on Blykalla partnership and board refresh. SMR +14% on sector momentum and X-energy IPO launch expanding the SMR peer set. BWXT announces new uranium enrichment facility — a critical fuel-cycle bottleneck. CEG and VST remain the operating nuclear plays with actual MW on the grid. CCJ benefits from uranium supply tightness.

CEG

$294.73 -0.63%

Down ~20% from highs but Barclays raises PT; largest US nuclear fleet (~32 GW capacity) with hyperscaler PPA optionality.

Near: Earnings May 11. Watch for new PPA announcements and Crane Clean Energy Center (Three Mile Island Unit 1) restart timeline updates. Pullback creates better entry if thesis holds.

Mid: CEG operates ~24 GW nuclear + hydro, the largest zero-carbon fleet in the US. Hyperscaler PPAs at premium prices ($80-100+/MWh) could re-rate the entire fleet value. Crane restart (835 MW) expected 2028.

VST

$162.94 -0.63%

$4B senior notes offering to refinance debt; Comanche Peak nuclear (~2.4 GW) is the jewel in a diversified fleet.

Near: Earnings May 7. The $4B debt repricing is balance-sheet positive — lower interest expense. Texas load growth from data centers and electrification is secular.

Mid: Comanche Peak's ~2.4 GW of baseload nuclear in ERCOT is extremely valuable as Texas data center load grows. Gas fleet provides flexibility. Integrated retail arm hedges wholesale volatility.

NRG

$168.45 -1.47%

Pricing senior notes and tendering $1.5B of 2032 notes — aggressive balance sheet management. Data center tailwind narrative building.

Near: Earnings May 6. NRG's ~16 GW generation fleet is mostly gas/coal but the retail platform + data center demand creates embedded optionality.

Mid: NRG lacks nuclear exposure, making it the least thesis-aligned of the power generators. Retail platform value is real but it's a software/contract moat, not a physical substrate moat.

OKLO

$63.35 +8.14%

+8.1% on Blykalla partnership for fast reactor commercialization and four new board directors — momentum week for nuclear.

Near: Earnings May 12. No revenue, no operating reactor. Blykalla partnership expands fuel recycling capability. Board refresh may signal acceleration toward NRC design review.

Mid: Aurora powerhouse design targets 15-50 MWe per unit. First unit not expected before 2027-2028 at earliest. Altman backing provides capital access but no physical output yet. Pure optionality.

SMR

$11.71 +14.24%

+14.2% as X-energy IPO launch expands SMR peer visibility; sector momentum from policy tailwinds.

Near: Earnings May 7. NuScale has the only NRC-approved SMR design (VOYGR, 77 MWe modules). X-energy IPO creates a public comp but also a competitor.

Mid: VOYGR targeting first deployment at Idaho National Lab (~462 MWe, 6 modules). CFPP project faced cost overruns and was restructured. International pipeline (Romania, South Korea, Poland) is the growth vector.

NNE

$24.29 +3.27%

DOE voucher for Kronos micro-reactor design; earliest stage in the nuclear portfolio.

Near: Earnings May 14. DOE voucher provides modest validation and funding for Kronos development. No path to revenue within 5 years.

Mid: Micro-reactors (1-10 MWe) serve a niche — remote sites, military, space. TAM is small relative to grid-scale SMRs. Interesting optionality but extremely early.

CCJ

$119.11 +2.63%

Uranium supply tightness narrative strengthening; nuclear declared 'energy story of 2026' in mainstream coverage.

Near: Earnings May 5. Uranium spot ~$90/lb, contract prices higher. CCJ's Cigar Lake and McArthur River operations are the highest-grade deposits globally. Westinghouse stake (49%) adds reactor services exposure.

Mid: Global uranium supply deficit is structural — mine restarts take 3-5 years, enrichment capacity is concentrated (Russia ~40%). CCJ + Westinghouse provides full fuel-cycle exposure. SMR buildout would accelerate demand.

BWXT

$238.42 +0.06%

Announces new uranium enrichment facility — directly addressing a critical fuel-cycle bottleneck (US currently depends on Russian HALEU).

Near: Earnings May 4. HALEU enrichment facility announcement is thesis-perfect: loosening a physical constraint (enriched fuel supply) that limits reactor deployment. Timeline and capacity details needed.

Mid: BWXT is the only US company manufacturing naval nuclear reactors. HALEU enrichment positions them for SMR fuel supply. Reactor components backlog provides visibility. This is a substrate company for nuclear power.

Grid & Electrical

Grid infrastructure names seeing PT raises across the board (ETN, VRT). GEV eyeing Venezuela opportunity and earnings next week. VRT reports April 22 — liquid cooling orders are the key metric. All three face the same question: can physical delivery (transformers, switchgear, cooling units) keep pace with order intake?

ETN

$395.06 -1.70%

RBC ($457) and Jefferies ($460) raise PTs; data-center electrical backlog is the key substrate metric.

Near: Earnings April 30. Electrical Americas backlog was $11.8B+ last quarter. Watch for backlog growth rate and book-to-bill ratio. Lead times on transformers and switchgear remain 40-60 weeks.

Mid: ETN manufactures the physical electrical infrastructure (switchgear, UPS, PDUs, transformers) that every data center needs regardless of which GPU is inside. Backlog visibility extends 2-3 years. Capacity expansions in manufacturing are the constraint.

PWR

$591.82 -0.43%

Announced Q1 earnings schedule; Primoris peer surging 20% validates transmission contractor demand.

Near: Earnings April 30. PWR's backlog (~$32B+) is the largest among T&D contractors. Watch for grid reconductoring and HVDC project wins.

Mid: PWR is the picks-and-shovels play for grid expansion. FERC Order 1920 mandating long-range transmission planning creates a decade-long tailwind. Reconductoring with HTLS conductors is the fastest path to grid capacity expansion.

GEV

$985.92 -0.16%

Earnings expected to grow; eyeing Venezuela gas turbine opportunity; earnings April 22.

Near: Earnings April 22 — first in the grid cohort to report. Gas turbine order book is sold out through 2027+. HA-class turbine deliveries are the near-term revenue driver. Venezuela opportunity adds potential international volume.

Mid: GEV is the only company that makes both gas turbines and grid equipment at scale. ~40 GW gas turbine backlog. Grid segment (transformers, HVDC) benefits from transmission buildout. Nuclear services via legacy GE Hitachi.

VRT

$301.16 -3.01%

Reports April 22; Barclays and RBC both raise PTs ($344). Liquid cooling demand is the substrate story.

Near: Earnings April 22. Liquid cooling orders for GPU clusters (direct-to-chip, rear-door heat exchangers) are the thesis-critical metric. VRT -3% today despite PT raises suggests profit-taking ahead of earnings.

Mid: VRT is the thermal management bottleneck. As GPU TDP rises (Blackwell ~1000W per chip, racks hitting 120-200 kW), air cooling fails and liquid cooling becomes mandatory. VRT has the broadest product line. Backlog growth rate is the moat metric.

Natural Gas Bridge

Williams breaks ground on Northeast Supply Enhancement (NESE) — physical pipeline miles being added to serve gas-fired generation in the Northeast. KMI announces Q1 earnings schedule. Gas remains the 5-15 year bridge fuel powering data centers until nuclear/renewables scale. Iran conflict headlines add geopolitical premium.

WMB

$70.76 -0.95%

Construction starts on NESE project — adds physical pipeline capacity to serve growing Northeast power demand including data centers.

Near: Earnings May 4. NESE construction start is a material milestone — this project was delayed for years on permitting. Transco system (~10,000 miles, ~17 Bcf/d capacity) is the backbone of East Coast gas delivery.

Mid: PJM and ISO-NE data center load growth directly drives Transco throughput. Cleaner compressor stations reduce emissions risk. Regional Connector of the South project adds further capacity. Regulated/contracted revenue model provides visibility.

KMI

$31.70 +0.16%

Announces Q1 earnings webcast April 22; contract-rich backlog cited in 'Iran conflict' portfolio context.

Near: Earnings April 22. KMI's ~83,000 miles of natural gas pipelines and contracted revenue model provide stability. South System Expansion and GCX pipeline expansions are key projects.

Mid: KMI is the most gas-infrastructure-diversified name in the portfolio. CO2 and products segments are non-thesis-relevant. Natural gas pipeline backlog and throughput growth are the substrate metrics.

$18.71 -0.11%

Narrative shifting on project valuation and Street targets; integrated midstream provides gas processing + transport + storage.

Near: Earnings May 5. ET's integrated system (90,000+ miles of pipeline) provides resilient cash flows. Distribution yield (~7-8%) attractive for income but the thesis favors capital appreciation.

Mid: ET's Lake Charles LNG export facility, if sanctioned, would be a major capacity addition. Permian and Haynesville basin exposure captures gas production growth. Valuation remains cheapest in the midstream space.

Fab Tools & Manufacturing

AMAT rolls out new tools specifically for 2nm AI and HPC chips — directly loosening the manufacturing constraint at the leading edge. LRCX earnings next week with growth expected. KLAC benefits from increased metrology needs as nodes shrink. All three face the same question: how fast can fab capacity actually be built?

AMAT

$394.26 -0.35%

New 2nm deposition/etch tools launched — directly enabling the next node of AI chip manufacturing.

Near: Earnings May 14. The 2nm tool launch is thesis-critical: AMAT's equipment enables TSM/Intel/Samsung to build N2 capacity. Watch for tool revenue by node and backlog commentary.

Mid: AMAT leads in CVD/PVD deposition and has growing etch share. Gate-all-around (GAA) at N2 requires more deposition steps per wafer, increasing AMAT's revenue per wafer start. HBM tooling demand adds volume.

LRCX

$265.16 -2.66%

Earnings next week (April 22); Deutsche Bank raises PT to $300. Etch and HBM tooling demand robust.

Near: Earnings April 22. LRCX is the etch leader and primary beneficiary of HBM layer-count increases (HBM3E: 12 layers, HBM4: 16+ layers). Each layer = more etch steps.

Mid: HBM capacity expansion at SK Hynix, Samsung, and Micron is a multi-year tailwind. Leading-edge logic etch demand from N2 GAA adds further growth. LRCX has the most direct HBM tooling exposure in the fab tools universe.

KLAC

$1748.11 -2.66%

Inspection and metrology demand grows as nodes shrink and defect density tolerance drops; reports April 29.

Near: Earnings April 29. As transistor dimensions shrink below 2nm, inspection/metrology steps per wafer increase non-linearly. KLAC's tools are required for yield learning at every new node.

Mid: KLAC has ~55% share in wafer inspection. High-NA EUV from ASML creates new overlay and defect detection challenges that only KLAC tools can address. Advanced packaging inspection (CoWoS, HBM) is an incremental growth vector.

Emerging / Scouting

X-energy IPO launch today creates a new public SMR peer. Bloom Energy (referenced in ORCL deal) operates on-site fuel cells bypassing grid constraints. Rolls-Royce SMR secures £600M UK government loan. The SMR and distributed power sectors are rapidly expanding their public-market footprint.

New candidates to research

X-energy (pending IPO)

TRISO-X fuel fabrication facility under construction in Oak Ridge + Xe-100 SMR design with ~320 MWt/80 MWe per module. IPO launched today. TRISO fuel is inherently safer and may win NRC approval faster. Dow Chemical partnership for first deployment. Directly competes with SMR/OKLO for the SMR substrate opportunity.

Bloom Energy

Solid-oxide fuel cells deployed on-site at data centers bypass grid interconnection queues — directly addressing the grid-connection bottleneck. ORCL deal for DC power cited today. ~1 GW+ deployed. Offers 200kW-50MW solutions, natural gas or hydrogen-fed. Not a long-term zero-carbon answer but a 5-10 year bridge while grid and nuclear scale.

PRIM

Primoris Services

Electrical and infrastructure contractor surging 20% in 6 months (cited in PWR headlines today). $5B+ backlog in utility infrastructure, renewable energy, and industrial construction. Complementary to PWR in grid buildout — smaller but growing faster in solar + battery + substation work.

CLS

Celestica

Contract manufacturer of custom server racks, liquid cooling solutions, and networking hardware for hyperscalers. Directly adjacent to VRT on the cooling/power distribution side but with manufacturing scale. Benefits from every hyperscaler capex dollar that flows to custom hardware.

RKLB

Rocket Lab USA

Not AI-energy per se, but builds satellite constellations for connectivity infrastructure (AMZN Globalstar acquisition today highlights this). Also expanding into space solar power concepts and hypersonic component manufacturing — relevant to long-cycle substrate-independent compute in space.

Options flags — monthlies only; bias ATM/ITM

Ticker	Type	Expiry	Note
GOOGL	earnings_soon	Apr 17, 2026	Earnings on 2026-04-29 (13d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
AMZN	earnings_soon	Apr 17, 2026	Earnings on 2026-04-30 (14d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
MSFT	earnings_soon	Apr 17, 2026	Earnings on 2026-04-29 (13d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
META	earnings_soon	Apr 17, 2026	Earnings on 2026-04-29 (13d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
NVDA	earnings_soon	Apr 17, 2026	Earnings on 2026-05-20 (34d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
AMD	earnings_soon	Apr 17, 2026	Earnings on 2026-05-05 (19d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
TSM	earnings_soon	Apr 17, 2026	Earnings on 2026-04-16 (0d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
CEG	earnings_soon	Apr 17, 2026	Earnings on 2026-05-11 (25d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
VST	earnings_soon	Apr 17, 2026	Earnings on 2026-05-07 (21d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
NRG	earnings_soon	Apr 17, 2026	Earnings on 2026-05-06 (20d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
OKLO	earnings_soon	Apr 17, 2026	Earnings on 2026-05-12 (26d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
SMR	earnings_soon	Apr 17, 2026	Earnings on 2026-05-07 (21d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
NNE	earnings_soon	Apr 17, 2026	Earnings on 2026-05-14 (28d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
CCJ	earnings_soon	Apr 17, 2026	Earnings on 2026-05-05 (19d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
BWXT	earnings_soon	Apr 17, 2026	Earnings on 2026-05-04 (18d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
ETN	earnings_soon	Apr 17, 2026	Earnings on 2026-04-30 (14d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
PWR	earnings_soon	Apr 17, 2026	Earnings on 2026-04-30 (14d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
GEV	earnings_soon	Apr 17, 2026	Earnings on 2026-04-22 (6d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
VRT	earnings_soon	Apr 17, 2026	Earnings on 2026-04-22 (6d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
WMB	earnings_soon	Apr 17, 2026	Earnings on 2026-05-04 (18d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
KMI	earnings_soon	Apr 17, 2026	Earnings on 2026-04-22 (6d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
ET	earnings_soon	Apr 17, 2026	Earnings on 2026-05-05 (19d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
AMAT	earnings_soon	Apr 17, 2026	Earnings on 2026-05-14 (28d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
LRCX	earnings_soon	Apr 17, 2026	Earnings on 2026-04-22 (6d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
KLAC	earnings_soon	Apr 17, 2026	Earnings on 2026-04-29 (13d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.
MSFT	iv_rank_high	Apr 17, 2026	+4.63% today. IV likely elevated. Wait for pullback or sell a call spread instead of buying.
ORCL	iv_rank_high	Apr 17, 2026	+4.18% today. IV likely elevated. Wait for pullback or sell a call spread instead of buying.
AVGO	iv_rank_high	Apr 17, 2026	+4.20% today. IV likely elevated. Wait for pullback or sell a call spread instead of buying.
OKLO	iv_rank_high	Apr 17, 2026	+8.14% today. IV likely elevated. Wait for pullback or sell a call spread instead of buying.
SMR	iv_rank_high	Apr 17, 2026	+14.24% today. IV likely elevated. Wait for pullback or sell a call spread instead of buying.