Bubble goes pop.
To much news pumping AI players.
Deals are not absolute terms, value of the “Billions” in deals could go down significantly.
Open AI CEO is not as practical as much as he is ambitious, while we all use GPT, this doesn’t mean they can afford almost $1trillion in spending.
The valuation is high for Open AI about 500 billion for a startup is a lot though we all know GPT is doing well, understandable. However,,,,,,,,, government is shut down, and the best way for this is government spending. Looks risky from this view. Also, remember… when company valuations go high, it’s the shareholders that get rich not the company itself. Meaning shareholders of Open AI would have to give cash to Open AI the company.
Where will Open AI get $1trillion?
Would the shareholders pump cash into the company? Or find an exit strategy and IPO this shit? Will it stay private forever because it makes sense if u have SIGNIFICANT DATA FROM ALL AROUND THE WORLD? Idk.
Looks risky from this view.
AI is a very amazing tech, we all know future yada yada cool tech yada yada, but cash is getting tight and these deals are… hmmm.. looks risky from this view.
Edit: damn I’m getting run over in the replies. Anyway, maybe I’m wrong🤷🏻♂️. Bad place to post.
And yes, one put is fucked, but many other puts are significantly amazing. Again, maybe I’m wrong🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🌞🤷🏻♂️🤷🏻♂️🤷🏻♂️.
Edit: Position 600QQQ $620 EOW Calls
I think most of these clown stocks are hilariously overvalued.
I'm also not stupid enough to play chicken with an expanding money supply. You don't need to be a scholar to see that for 85 years, the S&P moves with M2.
[M2 (M2SL) | FRED | St. Louis Fed](https://fred.stlouisfed.org/series/M2SL)
https://preview.redd.it/5c1ppas1e3vf1.png?width=846&format=png&auto=webp&s=cd53df7b65698ead1aef99d2c4fac2a0d89a9ffc
QQQ $589P 0DTE IN @ $1.15 at 9:33 OUT @ $1.73 (47.82%) at 9:36
Saw a little hesitation so sold slightly early. Normal auto sell would be 50%, didn't want to risk my 47% for 2.18%.
EDIT: I'm bad at math. my auto sell was set to $1.80 because my limit purchase was set to $1.20. Getting filled at $1.15 and still selling for $1.73 is \~50.4%. huh.
Pretty sure 'Silicon Valley' [worked out the math on that](https://youtu.be/DzmehB3K4dQ?si=cpT5x3F7WxFrQptS?t=47s)
Edit: seriously no up votes on one of the greatest scenes of all time? What the fuck is wrong with you people?
There's random liquidity sweeps nearly every other day, especially immediately before the 'next' session ie going from Asia to London etc. If u really wanted an explanation it could be this: the CN headlines were bad and scared ppl that tariff wars are continuing. The simplest/fastest way to get safety is having USD. This turned into a sharp DXY spike = gold sold off. This immediately starts a cascade of liquidations/stop loses from greedy ppl/ momentum traders who wanted max profits with leverage.
Edit: oh and if this is really lwouldve been leaked bad news, fedwatch tool wouldn't have 97% chance of rate cut for Oct 29 meeting. It would instantly crashed ( and then gold would've crashed too - but not recover)