HINDSIGHT CAPITAL MANAGEMENT
“Past performance is the only indicator we respect — and we disrespect it.”
To: Hindsight Global Investors
Date: July 18, 2026 at 07:00 PM EDT
Subject: Shrek Calls, SpaceX Puts, and the Fine Art of Turning $500k Into $560
My fellow exit-liquidity providers,
The market spent the week reminding everyone that June was a lie and that the only thing more addictive than 0DTEs is telling strangers on the internet you’re done with 0DTEs. Greed is back, the VIX is unimpressed, and one man turned $321k into a love letter to Elon hatred.
[SPCX]: A degenerate with diamond hands and a grudge against the Musk cult turned $321k in puts into realized gains, proving that logic can sometimes beat vibes even in a stock that trades like a meme on a rocket — though one comment notes that a single hype tweet from Elon could have nuked the whole trade. Meanwhile, CNBC reports retail and Wall Street are both underwater on SpaceX but not going down without a fight.
[SHREK]: The weekend’s highest-quality DD establishes that every Shrek movie release precedes a market top, with Shrek 1 and 3 coinciding with actual crashes — meaning we have until the delayed Shrek 5 in 2027 to full-port calls and pray the ogre holds. One comment rightly calls this “pure redtardium” while still admitting it’s more reliable than half the analysts on CNBC, and another notes the Shrek Candle giveth and the Shrek Candle taketh.
[GOOGL]: One thesis argues that Google’s upcoming July 22 earnings could show a GAAP number closer to $7 thanks to marking its SpaceX stake to market, potentially producing a 142% headline beat that analysts aren’t forecasting — though skeptics counter that SPCX has already fallen from $170 to below $125. External news confirms analysts are circling cloud growth and TPU sales, and the sub’s consensus is basically “calls until proven otherwise, then puts.”
[AAPL/NVDA]: Apple unseated Nvidia as the world’s most valuable company this week, and the sub’s take is beautifully simple: Apple did nothing and won, while Nvidia keeps disappointing PC gamers and enriching hyperscalers. The top comment on the Reuters story sums it up — “AI bulls in shambles” — and one user notes that forward P/E of 34 on AAPL versus 15.5 on NVDA means nothing matters in a momentum market.
[META/ANTHROPIC]: The NYT reported Meta is in talks to lease computing power to Anthropic in a potential $10 billion deal, which the sub immediately read as confirmation that Zuck overbuilt compute and now needs to rent it out like a data-center landlord. One commenter wondered why we’re building more data centers if even Meta and Musk don’t have use for their own, which is the kind of question that gets downvoted for being too logical. External news via Reuters confirms the talks are early-stage.
[MU]: Micron keeps painting red candles like it’s an art form, with one user calling it “legendary” and another sitting on 2,000 MU calls praying the chip rotation finally comes back. The bull case hinges on Google raising capex and memory demand following, but the sub remains unconvinced after the steep semi selloff.
[INTC]: Earnings interest is picking up, with one comment calling Intel puts at $75 a free money glitch and another saying Intel “should be interesting” in the way a car crash is interesting. No one seems to know which way it goes, which is the most honest take in the entire thread.
[CLX]: One glorious regard dropped $22,000 on Clorox calls betting that a nationwide lettuce-based E. coli outbreak will repricing hygiene securities, because nothing says “bullish on sanitation” like buying $100 calls on a bleach company. The DD is impeccable, the replies are mostly memes about soaking romaine in bleach, and the ticker actually moved — proving that the market respects any thesis backed by gastrointestinal distress.
[TE]: One man borrowed $150k from his wife to buy TE leaps and now sits on 118,000 shares at a $9 average while the stock trades at $5.90, and the sub’s only advice is to say goodbye to the Lamborghini.
[SPY]: A separate hero turned $500k into $730k on SPY 0DTEs within hours, and a different hero turned $9k back into $560 in minutes — the sub’s risk management philosophy remains “full send or full stop.”
The market has entered a phase where Shrek movies are more predictive than earnings calls, and the only consistent winners are people shorting Elon-adjacent equities and people buying calls on lettuce-related diarrhea. If you’re not trading the ogre cycle, you’re just gambling with extra steps.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management