Vida said most of the contracts expire in one month and pointed to historically high implied volatility, extreme sentiment and unchanged AI-linked demand in the storage sector.
Vida said he sold nearly $7 million of put options on storage-related stocks, with most of the contracts expiring in one month. He said sentiment toward the storage sector was nearing an extreme, implied volatility had climbed to historical highs, and AI-related demand and broader fundamentals remained unchanged. As an example, Vida cited selling 15 MU 660 puts for a $47,000 premium, a position that would carry roughly a $1 million purchase obligation if exercised.