Trump: "Since You're Here Anyway"
At Thursday's open, Trump remarked that he expected stocks to fall harder. Shortly after, the market slid sharply and tested the previous low.
What I took from that: the stocks he wants to buy haven't dropped enough. If I had to guess which one? Micron. No hard evidence — just a gut feeling.
So maybe when MU hits 300, it's time to bottom-fish. Not because memory demand is broken — it's not. Just that the President isn't in the car yet.
A lot of long positions opened Wednesday are now looking like left-hand entries.
$NVDA$
The floor is 170. Wednesday saw a large sell put order on the April 10th 170 strike $NVDA 20260410 170.0 PUT$ — 27k contracts. Translation: no matter how volatile the next two weeks get, the expectation is NVDA closes at 170 by April 10.
Still, with the possibility of one more leg lower, it might be worth waiting.
One side note: if Q2 earnings sell off on capex concerns, that could be a great buying opportunity for semis. This is nothing like the dot-com bubble. AI development is moving fast — from models to agents — and the infrastructure gets absorbed as fast as it's built.
Of course, institutions remember 2000. They're missing one key difference: ubiquitous consumer devices and a mature digital payment system. If a killer business model emerges, distribution costs are zero. Global users onboard instantly — like OpenClaw.
OpenClaw probably isn't the final answer. But it shows what's possible — and how fast market sentiment could flip.
$MU$
Either MU hits 300, or we wait for the big put positions to close — especially the April 24th 420 put $MU 20260424 420.0 PUT$ and the September 400 put $MU 20260918 400.0 PUT$ .
$QQQ$
A large bullish call order: 24.4k contracts of the June 645 call $QQQ 20260618 645.0 CALL$ — notional ~$13M.
$SPY$
SPY flow stayed pragmatic — no flashy call buys. Most puts are in the 640–650 range. But heading into a weekend, risk-off positioning could push SPY to the 60-week MA at 630.
$USO$
More puts opening in the 80–90 range. Oil looks due for a pullback in April.
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