LEOPOLD MIGHT BE BACK.
Situational Awareness is active in the options market again and Leopold has reportedly been buying hundreds of millions of dollars worth of options in $Coreweave(CRWV.US), $AMD(AMD.US), $Bloom Energy(BE.US), $Sandisk(SNDK.US), and others, according to CNBC. Pretty incredible. Just two months ago, the fund fell 67% because of being over leveraged by 4x. Two months later, oil is at $100 and bond yields are the highest since 2023 but many of those names that Leopold had to sell are still trading well below their June peak.So, even if the macro isn't the best (which effects these high beta growth stocks) the lack of movement in their prices with the very, very bullish updates we keep seeing for AI compute buildout might mean that Leo is calling a bottom or at the very least saying that these stocks will not be effected by macro because the AI trade is that strong. Obviously, those stocks did get hit with macro concerns back in July.If he's not borrowing money on margin to lever up than these options can still create leverage but they may not be as aggressive as actually borrowing against the asset themselves to fund the purchases.Anyone following him and buying options on most of the beaten up $SMH names?Source: amit
