🚨 A ridiculous $56,000,000 bet was just placed on Starlink supplier STMicroelectronics to move +40% in the next 4 months.
STMicroelectronics is the primary chip manufacturer for Starlink, having shipped more than 5 billion RF antenna chips to SpaceX to date. With the historic SpaceX IPO right around the corner, someone dropped $56M on OTM $100 strike calls on $STMicroelectronics NV(STM.US) expiring in October.The stock currently trades at $70/share.
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