Leopold is back at it. The hedge fund Situational Awareness, which blew up in July, is degenerate gambling big again Yesterday, September 17, someone (Wall Street is pointing fingers at the usual suspect) paid $100M in premium on call options expiring October 2: Micron 1M shares at strike $1000, premium $44M. Sandisk 420k shares at strike $1600, premium $41M. Intel 2M shares at strike $115, premium $7.3M. MRVL 350k shares at strike $250, premium $3.85M.
So basically $100M built a $2B long.
Because these options expire soon, in 15 days, the breakeven bar is high. He only profits if by the evening of October 2 Micron is at $1044 or above, Sandisk at $1697, Intel at $118.65, MRVL at $261.
Below those prices the premium goes straight into the stands, to Ken Griffin at Citadel.
Micron happens to report earnings in late September, and the guy behind this trade thinks that's what pumps the whole sector.
People on Twitter are asking, if the fund lost $35B in July, how do you explain the urge to torch another $100M on options in 15 days if it fails again? #AI $BTC
noticed something scrolling today every big account tells the same origin story found crypto alone, studied alone, made it alone nobody tells the real version the real version has a name in a group chat explaining what a rug pull actually looks like an anon dming "don't sell" at the exact right moment a discord catching the scam contract before it caught someone else this space sells itself as the ultimate solo game just you against the market, no team, no help needed but scratch any real success story and there's always a network underneath teaching, warning, holding people steady when they would've folded alone the lone wolf trader is a marketing story the actual mechanism is strangers looking out for each other for free so why does everyone still post the win like nobody helped #BTC
so ton is finally going back to its roots the token is becoming gram, the name telegram wanted from day one before all the legal mess the cool part is it's just a rename. no token swap, no claim, no bridge you hold ton today, you hold gram on june 15, same bag, new label $TON #STONfi $TON $STON
the TON co-founder and the network's lead core developer just announced the project's next technical goal. in plain terms: even if the main blockchain (the masterchain) fully halts, individual shardchains (network segments) should keep running as normal.
this is specifically about the chains that handle regular user transactions, transfers, and smart contract execution. TON is aiming for uninterrupted transactions 24/7.
$STON traders, this one's for you. resilience like this is exactly what keeps DeFi alive when things get rough.