A significant $6.3 million call option trade was placed on EchoStar (SATS), which owns 2-3% of SpaceX, indicating expectations of a substantial move driven by the space industry and SpaceX IPO.
Source Post
DRAM Stocks, Tesla, China, and Massive Volatility Coming Tomorrow
The creator discusses the current market rally, focusing on memory stocks and Tesla's recent surge driven by potential regulatory approval in China and the SpaceX IPO hype. They also touch upon the upcoming inflation data, its potential impact on interest rates, and geopolitical tensions with Iran. Several stocks and ETFs are highlighted for potential trading opportunities, including DRAM, TSLA, REXC, FXI, POET, UMAC, TGT, and SATS, with specific price levels and trading strategies mentioned.
Linked Mentions
Tickers discussed in this post
Target (TGT) is a downside watch if it falls below the support level of $117.35.
Poet Technologies (POET) is showing strong performance, and a breakout above $14.40 could lead to upside continuation.
Coinbase is showing bullishness due to the Clarity Act, which could provide a regulatory framework for crypto and directly benefit Coinbase's bottom line.
FuelCell Energy has continued its uptrend and broken out above resistance, but the creator is considering taking some profits as it may be getting overextended.
Oklo Inc. (OKLO) has seen a lot of hype and is set to report earnings after market hours tomorrow.
Quantum Computing Inc. (QBTS) is scheduled to report earnings in pre-market tomorrow.
On Holding AG (ONON) is set to report earnings after market close on Thursday.
Alibaba, a China stock, is scheduled to report earnings on Wednesday.
NIO is mentioned as a China stock that will be reporting earnings on Wednesday.
Micron Technology (MU) is highlighted as a semiconductor stock benefiting from the AI infrastructure buildout and memory shortages, with a shout-out to a Discord member for profits.
Intel is mentioned as a semiconductor stock benefiting from the AI infrastructure buildout and memory shortages, contributing to the positive impact on the sector.
Tesla is accelerating due to SpaceX IPO hype and potential full self-driving regulatory approval in China, with Piper Sandler reiterating an overweight rating and a $500 price target.