A tale of two AI trades. On the tape, about 29 million dollars of call premium went into Lumentum, a stock that has run nearly 500% in a year and sits just below its all-time high, while only about 7 million went into Alphabet, which is in its longest losing streak since 2015. One trader is chasing a rocket, the other is reaching for a beaten-down giant, and the gap between those two bets is the story. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Two very different AI trades 00:22 Lumentum's miraculous run 00:36 Google's worst drawdown since 2015 01:07 The giant Lumentum call 01:52 Sitting in the AI bottleneck 02:19 The analyst upgrade chase 03:12 Alphabet's call setup 03:43 Straddling earnings 04:09 Why Google can't get a bid 04:42 CapEx up, free cash flow negative 05:15 The...