According to ZeroHedge data, about $96 million in call options flowed in on Friday, September 18, to SanDisk (SNDKV-US), Micron Technology (MU-US), Intel (INTC-US), and Marvell Technology (MRVL-US). SanDisk shares rose as much as 11% during the session. The call options, which were set to expire on October 2, included call options on Micron with a strike price of $1,000: about 10,000 contracts representing a premium of approximately $44 million. They also included call options on SanDisk with a strike price of $1,600: about 4,200 contracts representing a premium of approximately $41 million.
CNBC host Jim Cramer suggested on the social network X that this trading activity pointed to a return by Leopold Aschenbrenner, hedge fund manager of Situational Awareness and former Principal Researcher at OpenAI. Market observers noted that this trading strategy—large positions in short-dated call options, focused on semiconductor stocks and linked to AI—matches Aschenbrenner’s historical investment approach.
$MU
$INTC
$MRVL
CNBC host Jim Cramer suggested on the social network X that this trading activity pointed to a return by Leopold Aschenbrenner, hedge fund manager of Situational Awareness and former Principal Researcher at OpenAI. Market observers noted that this trading strategy—large positions in short-dated call options, focused on semiconductor stocks and linked to AI—matches Aschenbrenner’s historical investment approach.
$MU
$INTC
$MRVL