This could be a BRUTAL comeback. Leopold could not have picked a WORSE TIME to buy AI calls. After a reported margin call on leveraged AI bets in July, he’s back buying options on AI and memory stocks. Now, the stocks behind those bets are sliding: AMD: −5.7% BE: −7.3% CRWV: −9.0% SKHY: −7.5% SNDK: −6.2% DRAM: −6.8% They're different tickers, but they're heavily exposed to the SAME AI trade. Betting on CALLS add another challenge. He needs the stocks to recover far enough, fast enough, before expiration. A rebound alone may NOT rescue these trades. His actual losses depend on entry prices, strikes, and expiry dates. Another liquidation isn’t confirmed. But, his comeback trade is already UNDER PRESSURE.