On August 4, Tradr 2X Long SNDK Daily ETF rose 8.72% in regular trading, trading at $12.03/share, with turnover of $296 million. The ETF is a 2x leveraged long product tracking Western Digital (Sandisk), amplifying the underlying stock's intraday gains.

On the news front, TrendForce's latest research indicates that the DRAM supply-demand imbalance will persist through 2027. The memory supply shortage has already forced NVIDIA to revise its Rubin Ultra HBM configuration plans multiple times, while some cloud service providers are considering reducing HBM capacity designs for next-generation proprietary ASICs.

Sandisk is scheduled to report quarterly earnings after market close on August 5, with market consensus expecting revenue of approximately $8.4 billion. The tight supply-demand backdrop provides fundamental support ahead of the earnings release. Meanwhile, options market activity revealed a $2.16 million purchase of out-of-the-money puts expiring August 14 at a $745 strike, signaling hedging demand amid elevated implied volatility at 91%, as intensified bull-bear positioning further amplifies leveraged ETF volatility ahead of the report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)