Dealer Positioning: 6) NOPE (Net Options Pricing Effect) on Friday was 22x the 30-day median and accelerated through the day instead of fading. 7) Cumulative net delta: +15.37M shares-equivalent means dealers must hold ~$147M of long stock to be neutral. Firday directionalized. Gamma Exposure of: -$3.99M and today's flow created NEW short-gamma exposure for dealers 8) Monday 5/4 Gamma Cliff - 5/1 held 53% of gamma exposure. Monday morning starts with chain gamma at ~$2.9M vs Friday's ~$6.2M which dealer hedging requirements halved overnight, allowing the same news to move price more dramatically. 9) Smart money rolling from 5/15 to 6/18 straddle (likely for potential IV post earnings) 10) Max-Pain Asymmetry: 6/18 at $10 - institutional positioning Volatility: 11) On 5/15 expiry at the 0.15 delta point, put IV minus call IV reads -0.27, meaning far-OTM calls are priced at 27 vol points over equivalent distance puts. SOUN's tail call-skew reversal is the structural footprint of persistent retail call demand. 12) Volatility of Vol (VOV) - 97th percentile of its 1-year range 13) Front-month IV (5/8, 7 DTE): ~170%. 240-day IV (~01/2027): ~90%. The ~80 vol-point spread is the steepest backwardation observable in the visible window. 14) SOUN exhibits IV smile, both tails are bid up to roughly equal IVs (~2.0 at 4P, ~1.8 at 16C, ATM ~1.25). Confirms retail call demand has been so persistent that OTM call IV has matched the natural put-protection bid. Position: 5/15 Call Options going into earnings (Watching to sell before earnings based on price movement) 6/18 Call Options (Watching to buy after earnings from IV crush based on price movement)

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Sell these asap you fucking regard. If you want TLT so badly, just buy the underlying, that way your net value actually goes up. 

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I find the continual erosion of my net worth concerning. But I'm not going to stop buying stupid garbage I don't need so it's a conundrum.

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There is no money in the airline biz. American Airlines is almost a nonprofit. Delta leads the pack, and ther net margin is ~2-2.5% and admired in the industry. It’s a ruthless business that depends on business travelers. If we removed business travelers we’re basically all flying some version of Spirit that costs more.

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Net Jet. Otherwise you're at risk for bedbugs, lice, and all manner of poorness.

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It has broke out but I think with the data center play it will continue to move up. Margins are improving and revenues being up 43 percent is significant. They have a 190 percent operating profit. The write off caused the 67 percent drop in net income which makes it look bad. I think institutions are buying but retail is missing the true story of their earnings and potential. It reminds me of SanDisk when it started breaking out people who quickly looked at it claimed they were losing money. But they weren't it was a major write off of assets considered overvalued when it spun off from WDC. Everyone wants to quickly look at numbers without digging into the why. So maybe it has hit the high but had they not had a big write off this quarter they would have been profitable. I expect next quarter profits and a bigger beat.

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Berkshire Hathaway press release (BRK.A) (BRK.B): Q1 operating earnings of $11.3B (+17.7% Y/Y). Net earnings per average equivalent Class A share of $7,027 Net earnings per average equivalent Class B share of $4.68 Cash, cash equivalents, and short-term securities of $397.4B (+6.4% Y/Y). Q1 total revenue of $93.7B (+4.4% Y/Y)

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Clearly the low fares were unsustainable. No bail outs. Seems like a net neutral outcome.

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PLTR basically enabled my net wealth to go from 280k in 2022 to 1.6M in 2026. They can hate away!

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Zero net\* worth. The Ryan Air of the US. No need to shit on ppl who take cheap flights.

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