The speaker suggests trading Palantir (PLTR) and Advanced Micro Devices (AMD) using options strategies. For Palantir, the speaker likes either buying an outright call or put, as well as an iron condor strategy or recommend buying the $175 calls. The market expects between 6 to 10% movement in either direction. He mentions a particular preference of selling the $170 call, and buying the $175 calls. For AMD, the speaker recommends the 200 calls. The speaker prefers buying this for a 1 dollars and 49 cents the 200 call for a longer term hold.