$SanDisk Corp.(SNDK)$ Call options sweepers are loading up heavily. The stock is rebounding steadily near $1,630 intraday. Whales just poured another $10M+ into August calls, seemingly front-running SK Hynix's thesis on prolonged AI memory shortages and booming NAND demand. Smart money looks to be accumulating aggressively at key support, coiling up for the next high-momentum breakout.
$SanDisk Corp.(SNDK)$ Options are being manipulated, but I'm sticking with my original price targets. There's no real resistance until we see $2800. The fair value still looks like $4200 to me. The "Gold Rush" target remains at $8500. The best sell point, in my view, is around $9200.
$NEBIUS(NBIS)$ is up 18% and $SanDisk Corp.(SNDK)$ is up 14% into the close. The momentum looks strong, with buyers not letting up. After a move like that, staying bearish gets a lot harder.
$SanDisk Corp.(SNDK)$ The stock could see a significant move higher going into earnings, and potentially a big gain after the report, maybe 30% in a single day.
$SanDisk Corp.(SNDK)$ The stock has a lot of potential, and if not for the current geopolitical issues, it could be at $2600 heading into earnings in two weeks. I see this as a significant buying opportunity. I personally added positions in SNDK, MU, WDC, and SK Hynix last week, with a total investment of over $2.3 million. My view is that last week represented a market reset, and I believe the current setup is favorable. The principle of buying when others are fearful is one I follow, and that's what I did here.