🚨Leopold/Situational Awareness returns? Since last Friday, there's been a string of significant Flex calls bought in concentrated AI names: $315M total options premiums / $1.1B of delta / $5.8M of vega. Positions: - $SNDK: Jan 2040/2200 calls - $57M prem, $198M delta, $1.04M vega. - $BE: Jan 250/310 calls - $48M prem, $140M delta, $565k vega. - $INTC: Jan 105/115 calls - $48M prem, $185M delta, $870k vega. - $CRWV: Jan 105/115 calls - $43M prem, $160M delta, $770k vega. - $DRAM: Jan 65/70 calls - $43M prem, $173M delta, $855k vega. - $SKHY: Jan 190/210 calls - $39M prem, $148M delta, $710k vega. - $AMD: Jan 540/580 calls - $36M prem, $193M delta, $1.08M vega. It'll be confirmed as Leopold if we start to see some big FLEX calls in $MU / $NBIS / $TSM soon. Data via CBOE. NMR + GS desks aligned on "single mystery buyer" narrative...