Nasdaq's Kevin Davitt joins tastylive to unpack a quiet shift in the Nasdaq 100: memory and semiconductor names like Micron and AMD have climbed the index while the Mag 7 cooled. A year ago neither was a top five name, and indices do what traders find hard, add to what works and shed what doesn't. Kevin covers why realized volatility has run unusually hot, why some chip names carry implied vols that dwarf the old Apple norm, and why NDX options can hedge or express the AI and tech risk many traders already carry. The bigger idea: maybe the Nasdaq 100, not the S&P, is the index that matches your book. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 The AI story and NDX options 00:44 Realized vol running unusually hot 03:51 Micron and AMD climb the index 06:06 Chip names with 90 ...