u/Big-Sand5360

Bought the Dip on SNDK 😅

Took a starting position today (5/12) , 1000 shares @ $1418 ( stocked pull back from $1600 , and wick bounced off $1380 )

Even at $1450 ... SNDK fwd PE is only 8 🤔 ... lots more room to run up

Demands bullish 2026 & 2027 👍💪

SNDK cover call premium are so juicy .. example CC 5/22 , strike $1820 👀 , credit $25 ... wild .... 10 contracts is $25,000 🤑 for 10 days ... 🤯

Sold PUT , strike $1100 , 18 contracts , Credit $32 , dte 5/22 (15 days) .... collect premium : [ $57,600 ]

Possible that SanDisk for whatever reason , pull back ~$26% into range $1080 ~ $1140

Why SanDisk

Short recap

> 2026 deployed NEW BiCS8 Nand memory chip. FASTER. MORE ENERGY EFFICIENT. DESIGN FOR AI SERVERS

> SNDK nand memory have solid core use case for AI infrastructure

> 5 major deals so far ... of which, $11B revenue is guaranteed ... likely not going to be all this year , 2026 - future

> $6B share purchase, management expect more growth