[Image] Happy Monday! Did you catch all the drama with OpenAI, Sam Altman, and Microsoft? Let me fill you in⦠In todayâs Dark Money Trades rundown: - ð¤ MSFT â a proxy for trading ChatGPT?
- ð° 2 interesting smart money bets from this morning
- ð« Benâs Bullets â 3 big ideas for the market this week Read time: 3 minutes ð [Dark Money Scoop: Is MSFT Now a Proxy for Trading OpenAI?]( ð¤ Image source: Midjourney Hey trader! Today, I couldnât help but talk to you about the crazy story of: Sam Altman, OpenAI, and Microsoft. Let's rewind a bit to catch you up. Recently, Sam Altman, the big boss of OpenAI (yep, the geniuses behind ChatGPT), got fired in a dramatic twist, being ousted by the OpenAI board. After that, the board offered him back the CEO role this weekend⦠And thereâs even been a demand from OpenAI workers to reinstate Altman and for the entire board to resign⦠Or theyâll all quit! In the latest turn of events, Altman could be heading to work with Microsoft on their AI team. Since all the drama at OpenAI , Microsoftâs (MSFT) stock is buzzing⦠And today, I saw a swarm of unusual options activity on MSFT. 74% of these insider bets I saw today were bullish⦠Meaning a lot of folks are betting on MSFT continuing to go up. Itâs already jumped from $371.22 to $377.44 at todayâs close⦠And over half of all these insider bets are going into MSFT calls expiring this Friday, 11/24. How much? Over $3.7 million. That's a whole lot of dough riding on MSFTâs short-term jump. So, what's the big picture here? With Altman possibly joining Microsoft, it's like we've got a direct line to trade on the figurehead behind the magic of ChatGPT. Think about it â Altman's known for pushing the envelope in AI. His move to Microsoft could be a game-changer, making MSFT the backdoor stock to bet on Altman's vision and innovation. All that to say: keep your eyes peeled on MSFT this week⦠It could be a new proxy for trading the future of AI, through Sam Altman. ð ð°The Biggest Smart-Money Bets of the Weekð° $21.05MM bearish bet on VALE JAN 19 2024 $17 puts @ $1.83 (seen on 11/20) $6.04MM bullish bet on TSLA NOV 24th $240 calls @ $2-3 (seen on 11/20) Letâs take a look at two insider bets that came through the unusual options scanner. First, a MONSTER bearish bet came through for Vale SA (NYSE: VALE)⦠How big? $21.05 MILLION big, over 115,000 trading contracts! Thatâs worth paying attention to purely based on the numbers at hand. The second big smart money bet I saw for today is on Tesla Inc (NASDAQ: TSLA). How much? Weâre looking at $6.04MM on these $240 calls that expire this Friday, 11/24/2023. TSLA closed around $235.60, so this move isnât out of the question this week! ð« Benâs Bullets for the Week 3 interesting ideas Iâm keeping an eye on in the market this week: - KVUE DEC 1 2023 $20 calls
- T APR 19 2024 $16 calls
- DIS JAN 19 2023 $100 calls Before I leave you for today⦠You should know something important: My smart money scanner has been off the charts with insider activity recently⦠And after seeing one particularly unusual setup⦠Iâm looking to set up a trade to capitalize on it! [This Wednesday, at 8am ETâ¦]( Iâm going live to share the details of this insider activity with you⦠And how you can benefit from it in the midst of this explosive market. I made a short video telling you all about this insider play, so before I go live on Wednesday morning⦠[Click here to see how you can take advantage of it!]( Thatâs it for today, catch you tomorrow! ð Ben Sturgill 66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. We have developed a Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of information we receive from users of our website. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the âunsubscribeâ link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically â Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). If you have any questions, simply reply to this email or visit our website to view our official policies.