$SpaceX(SPCX)$ SPCX is seeing heavy bullish call flow. Around $890K in call premium, with 2,747 calls against zero puts. Multiple sweeps hitting above the ask, and the activity is spread across the $135 to $150 strikes. Positioning is short-dated for 9/4. Pure call flow, so big money appears to be paying attention to SPCX. Watching this one closely from here.
Current Q2 revenue was $7.8B, so Musk is calling for over 100x the present run rate while SpaceX holds $93.5B in cash. $SpaceX(SPCX)$ chart is tightening above $139, with $142 and $147.72 as resistance, then $151.07 as the breakout level.
$Moderna, Inc.(MRNA)$ broke out of its bull flag recently, and that was probably the main focus. $Tempus AI(TEM)$ is also working on a bull flag setup. Huge-volume range expansions like these typically remain in play for multiple weeks and provide multiple low-risk entry points.
$SpaceX(SPCX)$ Shorts are out in full force right now, and that usually feels like a sign of better things ahead. My call is around $150, though even higher levels aren't out of the question. The pieces are starting to line up nicely, which points toward the stock making new all-time highs. Cheers.
$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $SK hynix(SKHY)$ $Invesco QQQ(QQQ)$ CNBC's news expose on Micron isn't particularly helpful because the newscasters only want to talk about the boom and bust. CNBC needs better newscasters, some of them are a real joke. Micron is spending big money, but not on fabrication plants, but on everything that supports the fabrication process. Micron, like SanDisk and SK Hynix, understands that to build the next gen chips, they are going to have to rebuild everything from the ground up, and that is what they are doing. But as far as ac
$SK hynix(SKHY)$ $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Invesco QQQ(QQQ)$ I think the SK Hynix buyback works out to 240.7 million in ADR shares, even though that's not what was actually bought back. For perspective, 2.5% of the outstanding SK shares are in ADR form. That works out to 177 million ADRs. So SK Hynix just bought back 3.4% of their total outstanding shares and retired them permanently. Effectively they rendered the ADR IPO void, and then some. SK will likely have a strong run today. Just to repeat, the ADRs were not bought back, that was just a frame of