McElligott: Someone Is Blowing Up In Vol

"Options MMs and Dealers are choking on big PNL losses, as anybody or anything long Optionality / long Skew has been bled-out, and there is the possibility of some meaningful headlines in the weeks ahead on some beaucoup trading $ losses being crystalized."


Bitcoin Miners Have the Thing AI Needs the Most

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AI data centers need buildings with a grid connection, transformers, cooling, and a power contract already in place. Those things have become increasingly scarce lately, which has made an unlikely group of companies valuable.

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