---
title: "Look at storage for large-cap options, and mining machines for small-cap opportunities."
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42882743.md"
description: "Last night, the broader market's storage chain was sweeping millions in Calls—SanDisk and Seagate each dumped upwards of seven to eight million USD in single transactions. On the small-cap side, the first line to heat up alongside this trend is crypto mining machines: $Cipher Digital(CIFR.US) surged from $17.7 to $24.5 in a week. I'm watching this downward spiral to see which few trades are smooth and which one looks most intimidating but is actually impossible to touch. $Cipher Digital(CIFR.US) had 1,000 August $24 Calls swept during trading on 7/22, with $300k in premiums..."
datetime: "2026-07-23T11:11:01.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42882743.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42882743.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42882743.md)
author: "[小票做T家](https://longbridge.com/en/profiles/27710306.md)"
---

# Look at storage for large-cap options, and mining machines for small-cap opportunities.

Last night, the broader market's storage chain was sweeping millions in Calls—SanDisk and Seagate each dumped single transactions of 7-8 million USD upwards. Among small caps, the first line to heat up alongside this trend is crypto mining machines: $Cipher Digital(CIFR.US) surged from $17.7 to $24.5 in a week. What I'm watching is which few trades in this downward drift are smooth, and which one looks most intimidating but is fundamentally untouchable.

$Cipher Digital(CIFR.US) had 1,000 August $24 Calls swept during trading on 7/22, with $300k in premium, where the strike price was almost touching the current price. This isn't a large speculative bet—$300k against a $10 billion market cap means the premium ratio is negligible. It's simply a momentum trade following the trend: short squeeze + the company just updated its Q2 earnings calendar + riding the AI computing narrative, these three catalysts combined ignited the stock price. However, it has already recovered significantly from its lows. Chasing at-the-money Calls now means chasing a past event. I will follow, but only with a small position, and only after it pulls back to $22 without breaking support; chasing at-the-money Calls directly at $24 is equivalent to taking over bags for the previous wave.

$Navitas Semiconductor(NVTS.US) saw $220k worth of near-at-the-money August $14 Calls bought, driven by themes in compound semiconductors and AI power supplies; however, this stock dropped from $13 to $12.7 over the week, with downward momentum. More critically, on 7/22, Renesas directly sued it for stealing trade secrets—the sword of law hangs overhead. Buying Calls in a weak trend is essentially betting on a reversal. If you want to participate, treat it as a small bet on Zhang Bo's rebound, don't go heavy.

For packaging and testing,$Amkor Tech(AMKR.US), selling December $65 Puts collected $799k, the largest single premium amount among all small caps. But understand the direction clearly—this indicates the seller is willing to take delivery at $65 and collect rent across the 7/27 earnings report, not a starting gun for you to day trade. The stock fell from $72 to $63 and climbed back to $67 in between; the cost basis for selling Puts is compressed at this valley edge. Viewing it as an anchor for taking delivery has value: falling near $65 represents the pain point recognized by institutions; however, with earnings next Monday, weigh the event risk yourself. I only use it as a reference for "the price others are willing to take delivery at," not as a reason to chase the rally.

### Related Stocks

- [STX.US](https://longbridge.com/en/quote/STX.US.md)
- [AMKR.US](https://longbridge.com/en/quote/AMKR.US.md)
- [CI.US](https://longbridge.com/en/quote/CI.US.md)
- [6723.JP](https://longbridge.com/en/quote/6723.JP.md)
- [CIFR.US](https://longbridge.com/en/quote/CIFR.US.md)
- [NVTS.US](https://longbridge.com/en/quote/NVTS.US.md)

## Comments (2)

- **笑熬浆糊888 · 2026-07-23T14:52:03.000Z**: How is the liquidity of options for small-cap stocks like NVTS?
  - **惧怕特离谱** (2026-07-28T00:22:47.000Z): If you don't have much energy, stay away.