Someone mysterious bets approximately $100 million on call options for 4 AI stocks – all expiring on October 2
Yesterday, a mysterious whale spent a huge sum on aggressive call options on stocks at the heart of the artificial intelligence revolution:
Intel $INTC – call options with a strike price of $115, expiring on October 2.
20,000 units at a price of up to $3.65 per option – a cost of approximately $7.3 million.
Marvell $MRVL – call options with a strike price of $250, expiring on October 2.
3,500 units at a price of $11 – a cost of approximately $3.85 million.
SanDisk $SNDK – call options with a strike price of $160, expiring on October 2.
4,200 units at a price of up to $97.60 – a cost of approximately $41 million.
Micron $MU – call options with a strike price of $100, expiring on October 2.
10,000 units at a price of up to $44 – a cost of approximately $44 million.
You've probably noticed something unusual in these numbers
Approximately 88% of the money, about $85 million, was directed specifically to Micron and SanDisk – two companies at the heart of the memory shortage story driven by demand for AI infrastructure.
This is no longer a small bet by a retail trader.
When someone is willing to put approximately $100 million on options with less than a month until expiration, they need a very sharp movement in the stocks to justify the premium paid.
And the timing is no less interesting than the amount.
The market is talking about a slowdown in AI investments, high valuations, and a risk of correction.
Meanwhile, one large bet is focused specifically on companies that supply one of the most critical resources for the AI revolution – memory.
Whether this is a hedging trade, speculation, or insider information – we have no way of knowing.
But one thing is clear:
Someone sees something they are willing to pay $100 million for.
And now it remains to be seen if the market will discover the same thing before October 2.
Whoever buys such a ticket is not looking for a calm ride – they are looking for a roller coaster but with one clear direction – to the sky.