15d • General discussion
Big Lizard in DRAM
I sold a Big Lizard in DRAM this morning, and no matter how high it goes, I still get paid.
DRAM went zero to $10B in 7 weeks, a pace only the biggest Bitcoin and gold launches have matched. I went through the holdings file: 3 companies are 70% of this memory chip fund, and it's paying 74.6% implied volatility.
Almost nobody trades a Big Lizard.
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Big Lizard in DRAM
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