What are you buying today?

[backtothebeach]

ADBE after hours for $207. Glutton for punishment.

[zippy1]

4 hours ago, sleepydragon said:

but isn’t klac also has ebeam inspection product now… probably not as good/dominant  as ASML’s one? Thanks’

KLA does have e-beam inspection.  It just that it missed the opportunity to be the leader about 10-15 years ago when it did have technology but chose not to offer it.  That gave the Taiwanese upstart a chance to get into the market.  Once the Taiwanese upstart got bought by ASML. Suddenly, the upstart had access to the huge resources of ASML.

However, the optical inspection business will continue be there even as the "scaling" continues.  If you look at a cross section like below.  The smallest parts at the bottom will be scaled and will need e-beam inspection.
The top parts will large features will stay with optical inspection.
KLA will do fine.  This is not an "e-beam inspection replace optical inspection" story.  

[Cod Liver Oil]

Bought some PDD at 80. It’s loathed but the b/s looks like a loaded gun. And more Nintendo. The park in Orlando is doing well and expanding soon. $15bn cash plus Pokemon plus Mario is a thing of beauty even though management is on the spectrum. 

Edited Friday at 02:49 AM by Cod Liver Oil

[Gregmal]

36 minutes ago, Cod Liver Oil said:

even though management is on the spectrum. 

I don’t know about this statement, because the folks I know who are on the spectrum are actually intelligent 

[Cod Liver Oil]

Management seems savantish when it comes to IP development but retarded regarding basic capitalist behavior. 

[ourkid8]

More BABA, I couldn’t help myself!!!

[brobro777]

Bought EWY covered short, like a true value investor

[treasurehunt]

Bought more ADYEY and now have a fullish position. Started a position in FOUR. The payments space has been decimated, but I'm not really sure these two are the best choices in the space. I may go with a basket approach.

[Cor]

22 hours ago, frommi said:

bought some Adobe Leap Calls 2028, 220 strike.

As a newbie to options, can you please share why this strike? I’m seeing open options interest for the 200s much higher on IB. Does that affect liquidity or not really? Just trying to understand. Also is Adobe very liquid for options trading vs some other SaaS companies? 

[frommi]

5 minutes ago, Cor said:

As a newbie to options, can you please share why this strike? I’m seeing open options interest for the 200s much higher on IB. Does that affect liquidity or not really? Just trying to understand. Also is Adobe very liquid for options trading vs some other SaaS companies? 

Yes its liquid. Option strikes closer to the current price have a higher delta so they move less on volatity and more on the real price of the underlying. If you chose an option strike far out of the money, say 300$ in this example when vola is high like today for Adobe they are more expensive, so its quite possible that the stock moves up, but the option price doesnt move at all because volatility moves down. Thats why i typically chose ATM options. But when vola is very low it can make sense to go further out on the strike.

[Cor]

38 minutes ago, frommi said:

Yes it’s liquid. Option strikes closer to the current price have a higher delta so they move less on volatity and more on the real price of the underlying. If you chose an option strike far out of the money, say 300$ in this example when vola is high like today for Adobe they are more expensive, so its quite possible that the stock moves up, but the option price doesnt move at all because volatility moves down. Thats why i typically chose ATM options. But when vola is very low it can make sense to go further out on the strike.

Thanks makes sense. By volatility do you mean daily/weekly moves of several percentage points or higher? So a far OTM call at say 300 could be good if Adobe all of a sudden just continually starts to grind up - slow or fast doesn’t matter right if it’s without many pullbacks? 

[bizaro86]

14 minutes ago, Cor said:

Thanks makes sense. By volatility do you mean daily/weekly moves of several percentage points or higher? So a far OTM call at say 300 could be good if Adobe all of a sudden just continually starts to grind up - slow or fast doesn’t matter right if it’s without many pullbacks? 

 

By volatility he means implied volatility. That's basically the market's forecast of future volatility expressed through option prices.

 

So if implied volatility goes down option prices will go down (and if IV goes up option prices go up). That has the potential to overwhelm changes in the price of the underlying.

[LC]

Sold some 1 month adobe puts , 181 breakeven. Meh?

[TwoCitiesCapital]

10 minutes ago, LC said:

Sold some 1 month adobe puts , 181 breakeven. Meh?

 

+1 

 

After seeing the results, I sold some put spreads at the open for beer money. $200/$195. 

 

35% if it remains above $200 on any bounce 

 

 

Edited Friday at 06:17 PM by TwoCitiesCapital

[EgonKuhn]

New starter position in ADSK

[EgonKuhn]

New starter position in TYL

[Spekulatius]

On 6/12/2026 at 6:25 PM, EgonKuhn said:

New starter position in ADSK

I also added shares today. I don’t think AI will kill that one and I think AI agents can greatly supplement their software.

[EgonKuhn]

28 minutes ago, Spekulatius said:

I also added shares today. I don’t think AI will kill that one and I think AI agents can greatly supplement their software.

Yeah. I try to put my foot a bit in this whole software sector here and there, where I think there are some special aspects, why they could survive and maybe even use AI. Very slow and tiny so far, the idea is to build it over some quarters and see what sticks.

[treasurehunt]

Started a position in INTU. Also sold a couple of OTM INTU puts. Added to FOUR.

[thowed]

10 hours ago, Spekulatius said:

I also added shares today. I don’t think AI will kill that one and I think AI agents can greatly supplement their software.

 

I own a chunk of RWWI - you guys should look at again - if you know/remember it's basically a Royalty on ADSK.  And dirt cheap at moment.

 

Seems like retiring Directors have been selling & is so illiquid it has suppressed price.  And still residucal concerns that ADSK might shake things up.  But feels like RWWI too big for them to want to piss off.  And the cash flow is looking good. 

 

Separately - it's so wild that people here are buying ADBE, ADSK, INTU - can you imagine that 5 years ago?!

 

[Spekulatius]

3 hours ago, thowed said:

 

I own a chunk of RWWI - you guys should look at again - if you know/remember it's basically a Royalty on ADSK.  And dirt cheap at moment.

 

Seems like retiring Directors have been selling & is so illiquid it has suppressed price.  And still residucal concerns that ADSK might shake things up.  But feels like RWWI too big for them to want to piss off.  And the cash flow is looking good. 

 

Separately - it's so wild that people here are buying ADBE, ADSK, INTU - can you imagine that 5 years ago?!

 

I own RWWI as well. They are a value added distributor of ADSK software. However, one has to keep in mind that the recent billing changes moved more power to ADSK because they control more and more of client relationship. This is true even though financially the changes are more or less a wash. This is something to watch out for.

Edited 11 hours ago by Spekulatius

[Saluki]

16 hours ago, EgonKuhn said:

New starter position in TYL

I have a small starter position in this. Bought a little early but I almost never bottom tick anything. 

 

If there is anyone who isn't going to vibe code software, it's underpaid municipal employees in cities that you never heard of. 

[NnnnotSoSmart]

Added to my position yesterday. Don't be too hard on me.  Remember I'm...

 

 

Edited 5 hours ago by NnnnotSoSmart

[jfan]

Tvk.to and ipco starter