Leopold Aschenbrenner: Options Trade Returns 47%

Leopold Aschenbrenner suspected call options expired with a 47% return on roughly $96 million in premium across Micron at $1000, SanDisk at $1600, Intel at $115 and Marvell at $250. Attribution rests on Jim Cramer tweets noting the 24-year-old manager's return to markets in early September, matching prior fund holdings in SanDisk and Micron. The trade follows a 67% drawdown that erased over $5 billion and forced position sales, after the fund had expanded 73 times in two years.