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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (85082)	5/19/2020 5:01:19 PM
From: The Ox	Respond to of 95743

If my math is correct, we are bordering on insanity in the markets. SPOT market cap went up over 2.5 BILLION dollars today. Spotify (SPOT 175.03, +13.60, +8.4%) shares climbed 8% after the company reached a deal to exclusively host the Joe Rogan Experience podcast. How does anyone justify this type of move? So the deal is worth (maybe) $100 Million to Joe Rogan. Does the market actually think SPOT will generate that many more subscriptions to justify the bump in market cap? Clearly, I know nothing about how this works....giggle....

To: Return to Sender who wrote (85082)	5/19/2020 8:14:15 PM
From: Elroy	1 Recommendation Recommended By Return to Sender Respond to of 95743

Stocks succumb to late-day selling Not SIMO! Up 8.5%, and up after hours. Take that market! OT - About two weeks ago there was a bizarre massive trade in SIMO options. The June $50 SIMO call traded over 12,000 contracts, which represents the right to buy over 1.2 million shares of SIMO at $50. SIMO was about $45 at the time. 1.2 million shares is a huge number for little SIMO. SIMO only has 35 million shares outstanding. I had seldo seen 100 contracts trade on SIMO strikes in a single day, 12,000 is mega. What could cause someone to take such a position? All I can think is someone knows of an impending acquisition of SIMO, or someone knows that Ali Babba (SIMO customer which is expanding procurement of SIMO's Shannon product line) will be 5x or 10x expectations in the June Q, and that that news would leak out by the June expiration. So SIMO is up more than $5 in the last two days, and up again after hours. Maybe something is going on, maybe not, but there's still a 12,000 open interest June $50 call contract sitting there making the seller sweat.