So $MSFT this month:
Michael Burry is out there saying he’s bullish and grabbing call options.
Rep. Gottheimer dropped up to $1.5M on options.
Rep. Cisneros bought up to $100k in shares.
What do these guys know that we don't?
So Michael Burry deleted a post where he said he sold his BABA stake to load up on more JD.
He also mentioned buying MSFT Dec 2028 LEAPs around the low 700 strike. Looking at the options action, 705 calls seem like the play—386 contracts traded yesterday, plus 513 today.
Just a long ramble on today's market chaos…
Open looked good—MU crushed it, saving the AI trade. Then AAPL hikes prices blaming memory costs, right after the hottest PCE in years. Microsoft follows with Xbox price hikes. Market dives everywhere except memory.
Melius says
Big news: the Supreme Court just stopped thousands of lawsuits against Roundup’s maker. They said companies can’t be sued for not warning that the weed killer might cause cancer. 🧑⚖️
The EPA hasn’t said Roundup is a cancer risk, so no cancer warning label is needed. In
🇺🇸 VP JD Vance on Iran talks:
- Made solid progress, the Strait is open
- Set up a system to keep Hormuz accessible
- Iran agreed to let IAEA inspectors return