What happened
According to Nomura Securities data, a single large investor recently spent at least $315 million in option premiums to buy call options on multiple AI-related assets.
The purchases occurred on September 4 and September 8, targeting stocks and ETFs including AMD, Bloom Energy, Coreweave, SK Hynix, Roundhill Memory ETF, Intel, and SNDK.
Nomura noted that these positions were executed in block trades, such as buying 22,000 Intel call options expiring January 2027 with a strike price of $105.01 on September 4, and an additional 15,000 contracts with a $115.01 strike on September 8.
Why it matters
This large-scale bullish bet on AI-related assets signals strong conviction in the sector's continued growth, despite recent volatility.
The timing is notable as it follows the forced selling by hedge fund Situational Awareness in late July due to margin calls, which included positions in Bloom Energy and Intel.
The concentrated nature of the trades suggests a sophisticated investor with a clear thesis on AI infrastructure and memory chip demand.
Key facts
The investor spent at least $315 million on option premiums.
Purchases were made on September 4 and September 8.
Targets included AMD, Bloom Energy, Coreweave, SK Hynix, Roundhill Memory ETF, Intel, and SNDK.
Intel call options were bought in block trades with strikes at $105.01 and $115.01, expiring January 2027.
In late July, hedge fund Situational Awareness was forced to sell some holdings, including Bloom Energy and Intel, due to margin calls.
What to watch next
Whether this investor's bullish stance influences market sentiment and prompts similar moves by other large players.
How the AI sector performs in the coming months, particularly in memory and semiconductor stocks, given the significant options activity.
Any further disclosures or regulatory filings that might reveal the identity of the investor or additional positions.
