If the market goes down, they profit off the Index puts.
If it goes up, they profit from their long equities.
Smart money uses Index options as insurance. A lot of people here, who are not smart, use them for directional plays.
Check the P/C ratios for SPY and QQQ. They are almost always above 1.
Anthropic’s ARR trend is a rocket ship. In 2025 they went from $1B to $9B. In the first 3 months of 2026 they’ve now hit $30B ARR.
Unreal
Another year and there won’t be any concerns on whether or not there will be a return on investment.