$11 Million in Seagate Puts and Big Bets Against SK Hynix. Read the Tape.

Big put buyers just showed up in two AI memory names, Seagate and SK Hynix, and Signal vs Noise digs into what the tape is really saying. one trader put roughly 11 million dollars into Seagate puts that expire four days before earnings, a fast de-risking bet, not a long term short. The SK Hynix flow is a different animal. with the stock trading around a 50 percent premium to its Seoul listing and an ADR conversion set for July 29, the put buyers are betting the gap compresses, not that the AI memory story is broken. we break down why both look bearish but are really about structure and positioning. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 The Signal in Two Memory Names 00:42 SK Hynix and the ADR Premium 01:38 The Puts Attacking the Gap 03:57 SpaceX and CoreWeave as Warnings 04:44 The $11 Million Seagate Put Trade 06:45 The Dates That Decide It #tastylive #signalvsnoise #seagate #skhynix #unusualoptions #optionsflow #memorystocks #aistocks #optionstrading #earnings tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.