1. $MSTR is today's crowd darling: a 20-year-old tapped a $20k overdraft from a shuttered beef jerky side hustle to buy 350 shares, and WSB is treating him like a folk hero. Mood is pure euphoric FOMO. The wrinkle: Strategy just announced plans to sell up to $1.25B of Bitcoin. Crowd is loading up on the name that's offloading the asset they love.
2. Multiple big-conviction $BB posts today. One YOLO has $345k in shares, another is holding $11k in calls across the $10, $12, and $13 strikes with July 2 and July 17 expiries. The thesis: QNX is in 275M+ vehicles, revenue up 26% YoY, still priced like a dead phone company. $BB sits at $12.32 right now. If the re-rate is real those near-dated strikes could move fast. If it stalls, the July 2 expiries get painful quick.
3. $SMCI offices in Taiwan were raided in an expanding investigation into alleged smuggling of Nvidia chips into China through its servers. Six residences and three affiliated companies hit. Down 8% today and this kind of probe doesn't wrap up in a news cycle.
Aggregated and distilled by Two Sentence Traders. Not financial advice.