$Palantir Technologies Inc.(PLTR)$ There was some unusually large buying in far out-of-the-money PLTR calls just before the close. The kind of size that makes you stop and look.
$Lumentum(LITE)$ I let go of my 27 shares at $938, taking about $110 in profit. For the most part, I'm staying heavily in CDE and SKE. There's a chance they get bought out at a 30-50% premium over current levels by the end of 2028.
$Lumentum(LITE)$ People who sold into that early selloff after the initial pop are probably feeling it now. I kind of hope it's the same shorts that have been pressing the AI trade over the last few weeks.
$Palantir Technologies Inc.(PLTR)$ The move from $179 down to $168 gave shorts a clean window to lock in gains and exit. Some covered and flipped long pretty quickly. There are always a few who won't adjust until the price action forces their hand.
$Lumentum(LITE)$ Q4 earnings came in with a double beat. Adjusted EPS hit $3.23 against the $2.97 estimate, and sales reached $1.006B compared to the $987.892M estimate.
$Lumentum(LITE)$ $Lumentum(LITE)$ Just crossed a billion dollars in a quarter. Revenue came in at $1.006B, up 109% year over year and 24% sequentially. That's a beat. Adjusted EPS was $3.23 vs $2.97 expected, a 9% beat. Both numbers landed above the high end of their own guidance.
Taking a look at the sentiment track heading into the close for companies reporting this afternoon. Three highlighted names were clustered together in the Bearish zone at the start of the period, but they have diverged since then. Photonics expectations are still high, with $POET Technologies Inc(POET)$ and $Lumentum(LITE)$ showing Extremely Bullish sentiment. $Absci Corporation.(ABSI)$ briefly reached the Bullish zone before turning back and ended up closing with the lowest sentiment in the group.