MonkeyKing

PhD in EE, passionate about investing

[Wall St Engine @wallstengine]

Elon Musk just became the world’s first trillionaire.

Roughly 3.5% of U.S. GDP.

His SpaceX stake alone is worth roughly $866B.

That is larger than the entire net worth of almost every billionaire on Earth.

If Musk were a public company, he would rank the 13th-largest company

[3X Long Labubu @labubu_trader]

Great observation of VIXEQ and COR1M.
Especially COR1M, it's worth being cautious when it hits the previous low level in Jan.

[MonkeyKing @AI_PowerFlow]

@Novicetrader888 比特币好像capitulation 了

[MonkeyKing @AI_PowerFlow]

@mikealfred Nice in great shape! Dad and the course! Enjoy

[MonkeyKing @AI_PowerFlow]

Hello shorts how yall doing? $iren

[MonkeyKing @AI_PowerFlow]

Is an epic short squeeze brewing in $iren? Shorts you must get ready for the party 🎉

[MonkeyKing @AI_PowerFlow]

@mikealfred @RoaringRagnar Market is easy if you see the big picture and step away. I haven’t trade for 2 month and almost doubled. Trust the vision.

[IREN @IREN_Ltd]

IREN has acquired Awaken, a creative and media agency specializing in content strategy and brand development for high-growth companies.

Senior members of the team will join IREN, including Founder and CEO Chris Parker, who will lead IREN's brand and marketing strategy.

Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: “As we expand across new geographies and customer segments, brand awareness and customer engagement become increasingly important. Chris and the Awaken team have been trusted partners to IREN for some time, and bringing those capabilities in-house was a natural next step as the platform continues to scale."

Learn more: https://t.co/DJxAquJ1CM

[MonkeyKing @AI_PowerFlow]

@mikealfred Just say it’s I am too lazy to scroll 😂

[MonkeyKing @AI_PowerFlow]

@StonkChris Ready brother

[MonkeyKing @AI_PowerFlow]

@mikealfred Price target Mike? I am wondering if I should add some more

[MonkeyKing @AI_PowerFlow]

@TheMarket_Monk lol

[MonkeyKing @AI_PowerFlow]

@mikealfred When are you hosting a space again plz?

[MonkeyKing @AI_PowerFlow]

@mikealfred Can’t order wine with $1,200

[MonkeyKing @AI_PowerFlow]

@ddw88523 @Mr_Derivatives haha 😂 no need to trade bro. Been sitting on my hands and making bank everyday. Still early not worth to pick up penny in front of the bull train imo

[MonkeyKing @AI_PowerFlow]

@mikealfred Practice short game hard for golf, play the long game in the market! @mikealfred cheers

[MonkeyKing @AI_PowerFlow]

@mikealfred Short game short game!

[MonkeyKing @AI_PowerFlow]

@mikealfred You start to time the market or is it too good of a deal to pass?

[MonkeyKing @AI_PowerFlow]

Is an epic short squeeze brewing in $iren? Shorts you must get ready for the party 🎉

[MonkeyKing @AI_PowerFlow]

@mikealfred I bot more at 53 😂

[MonkeyKing @AI_PowerFlow]

Know what you own $iren

[Metaman @coinreturns]

Steady IREN hands:

This new offering is good news playing out with the usual Day-0 hedging.

With pricing of the new notes, IREN will enter agreements to terminate a portion of old capped calls around $25. The announcement explicitly references the 2029 and 2030 capped call transactions ("Unwind of existing capped call transactions"). This is great for us long investors. By raising $2.3 billion at current valuations, IREN will take advantage of its price run-up to secure ultra-cheap capital (likely a low single-digit coupon) to fund the $3.5 billion Dell/NVIDIA B300 commitment.

So today, the share price is being hit from two sources: (1) banks dumping the old long hedges and (2) arbitrage funds shorting to hedge the new $2 billion debt. This is why we drop despite the good fundamental news from last week. Convertible arb funds (the likely primary buyers of the notes) purchase the notes because they like the low coupon & embedded equity option. To stay delta-neutral, they immediately short IREN against the positive equity delta in the convert. E.g., for a $2 billion offering, if the initial delta is 0.50, these funds must short roughly $1 billion to remain delta neutral.

And look at that volume. Not explainable by retail freaking out or by JPM re-rating.