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How ‘unpopular’ Prince Harry and Meghan Markle ‘disappeared overnight’ from US

NY Post
4 weeks ago
The couple allegedly fled their Montecito home in August so abruptly that their children's school was left in the dark on their move back to the UK.
Audrey Rock

Lady Gaga welcomes first baby with fiancé Michael Polansky

NY Post
4 weeks ago
The singer, who got engaged to Polansky in 2024, previously spoke about wanting to become a mom someday.
mliss1578

Lady Gaga welcomes first baby with fiancé Michael Polansky

NY Post
4 weeks ago
The singer, who got engaged to Polansky in 2024, previously spoke about wanting to become a mom someday.
Mara Siegler, Carlos Greer, Eric Todisco

New York’s COVID corruption stands out only for our leaders’ hypocrisy

NY Post
4 weeks ago
if it weren’t for self-dealing, New York state would make no deals at all.
Post Editorial Board

Jets’ offensive line gets early litmus test against Jeffery Simmons and Titans

NY Post
4 weeks ago
The Jets’ veteran offensive line faces an immediate Week 1 test against Titans star Jeffery Simmons, who racked up 11 sacks last season.
Andrew Crane

Leopold Is Back: Situational Awareness Rerunning Exact Same Trades Which Blew It Up A Month Ago

Zero Rss
4 weeks ago
Leopold Is Back: Situational Awareness Rerunning Exact Same Trades Which Blew It Up A Month Ago

A few days ago before it became public knowledge that the hilariously misnamed "hedge" fund Situational Awareness, run by a 24-year-old German ultra liberal who was fired by OpenAI, and then launched a new career investing like the most degenerate Korean momentum chaser blew up in explosive supernova fashion as a result of massive leverage in a handful of high beta momentum stocks like Sandisk, AMD and Bloom Energy, we warned that someone was blowing up - as indicated by the surge in Total Return Swap funding rates - and told our followers as much one week before the Leopold Aschenbrenner news hit.

ok Archegos 2.0... you can come out now https://t.co/xtxZL8wNTZ

— zerohedge (@zerohedge) July 24, 2026

We just didn't know who it was... 

Fast forward a little over a month when earlier this week we pointed out that in a very bizarre case of deja vu, it was as if Leopold had emerged from the career grave and was rerunning his entire high beta momo - with massive leverage - playbook. 

Specifically, in "What's Behind The Market's Sullen Vibe, And What Comes Next" we said that the market appeared to *lean forward*  last Friday and again on Tuesday's post-Labor Day holiday reopening, when as Nomura's Charlie McElligott pointed out, the market saw a string of large Flex Calls trade in many of those same "Concentrated AI"-names which were unwound during the Summer calamity, where the Nomura desk saw this "mystery buyer" spending $315 million of total Options Premium, $1.1B of Delta and $5.8mm of Vega on the buys.

McElligott went on, noting that the “Return of the mystery AI / Tech Vol Buyer” was feeding back into the same “Spot Up, Vol Up” / “Positive Spot / Vol Correlation” dynamic in these single-names that defined much of the pre-July market action, which after the recent single-stock Tech Vol bludgeoning was now acting as a much-needed positive PnL driver for Vol Dispersion (Short Correlation) trades again locally. McElligott listed some examples of this rampant tech vol buying observed in the Friday/Tuesday period, from the Nomura desk:

AMD (+10.9% past 2 sessions):

  • Fri: 5k Jan 540.01 Calls x $37.42 = $18.7M , $100M delta, $560k vega
  • Tue: 3.7k Jan 580.01 Calls for $47.50 = 17.5M, $93M delta, $515k vega

BE (+17.5% past 2 sessions):

  • Fri: 5k Jan 250.01 Calls for $53.50 = $26.7M , $80M delta, $300k vega.
  • Tue: 4k Jan 310.01 Calls for $53.75 = $21.5M, $60M delta, $265k vega

CRWV (+18% past 2 sessions):

  • Fri: 19k Jan 105.01 Calls for $11.03 = $21M , $80M delta, $400k vega
  • Tue: 15k Jan 115.01 calls for 14.88 = 22.3M, $80MM of delta, $370k vega

DRAM (+8.9% past 2 sessions):

  • Fri: 30k Jan 65.01 Calls for $7.1 = $21.5M , $90M delta, $430k vega
  • Tue: 29k Jan 70.01Calls for $7.30 = $21.2M, $83M delta, $425k vega

INTC (+14% past 2 sessions):

  • Fri: 22k Jan 105.01 Calls for $11.52 = $25.3M , $105M delta, $500k vega
  • Tue: 15k Jan 115.01 Calls for $14.88 = $22.3M $80M delta, $370k vega

SKHY (+13.4% past 2 sessions):

  • Fri: 10k Jan 190.01 Calls for  $22.85 = $22.85M, $92M delta, $420k vega
  • Tue: 6.5k Jan 210.01Calls for $24.60 = $16M, $56M delta, $290k vega

SNDK (+11.8% past 2 sessions):

  • Fri: 1250 Jan 2040.01 Calls x $230 = $28M of prem, $103M delta, $520k vega
  • Tue: 1250 Jan 2200.01 Calls x $231 = $29M of prem, $95M delta, $520k vega

In short: all massively out of the money calls meant to trigger momentum ignition by starting a gamma squeeze, and all in danger of blowing up spectacularly - again - once the momentum flips

Upon reading this, our first thought - of course - was that Leopold had somehow come back from the trading dead, and that someone Prime Broker was allowing him to put on massive leverage yet again, knowing perfectly well how it ended up last time around .. but then we quickly ignored that because if true, it would mean that not only was the 24-year-old rerunning the exact same trade he had put on and which ended in tens of billions in losses for his investors in July, but that he was actively telegraphing to the entire world that he was back by putting on trades that intentionally moved the underlying prices and attracting attention to themselves - thus putting a very clear and palpable bullseye on his back, daring the entire market to stop him out... again.

Surely, he couldn't be that stupid, could he? 

It turns out he was. 

Two days after we first pointed out the bizarre activity in Flex Calls, today the FT reported that Leopold Aschenbrenner’s hedge fund Situational Awareness "has started building relationships with new brokerages as it attempts a rebound from the largest loss in the history of the hedge fund industry."

Not only has it started "rebuilding relationships" (more on that in a second), it has started trading: 

"Now, Aschenbrenner is rebuilding large trading positions in technology stocks such as semiconductor manufacturers AMD, Intel, SK Hynix and Sandisk and AI start-ups including CoreWeave, according to people familiar with the matter. His efforts have been bolstered by new relationships on Wall Street like with Clear Street." 

So all the same names that he blew up on the first time, he is going in for round two.

As for how young master Leopold is planing on handing his now wife another imploded hedge fund sujpernova (if not quite galaxy), why here too we find more of the same: only instead of Total Return Swaps courtesy of Goldman, this time Leopold was going all in using deep out of the money leverage in the form of the abovementioned "flex calls", to wit:

Situational Awareness in recent days has placed large new bets using so-called “flex options”, according to people familiar with the matter. Using fully-paid options reduces the risks a fund takes on because it can only lose the money it has already paid to open the trade and nothing more. 

These specialised options trades, which allow traders to customise the terms of the contract, can only be made through large brokerages.

Right... the same brokerages that were his counterparts on the TRS trades and who decided one day to gang up on him and destroy him on that one beautiful late July morning. Those same brokerages are now his option counterparts, and somehow the outcome is supposed to be different. 

Ok, fine, but the Unawareness fund would surely need some prime broker to vouch for him and hand him the leverage Leopold needed for his 2nd attempt at ramping memory/momentum names. This would be challenging since after July, he was now radioactive on Wall Street where every broker who had worked with him was now being probed by the DOJ.

So where do you go when even JT Marlin, sorry, your former Prime Broker JPMorgan, tells you to fuck off? 

Why you go deep off the grid... to a name nobody has ever heard of: "the investor has recently begun working with specialist brokerage Clear Street, according to people familiar with the matter, as he begins rebuilding a portfolio of aggressive bets on technology companies."

That's the FT's take, and it is dead wrong, because if what Leopold wanted to do was just "rebuild his portfolio" he could certainly do that in quiet fashion - the way most traders do when they hope to accumulate a position without tipping off everyone else - where nobody would have any idea it was him. He did not want to do that.

Instead what he clearly intended to do was bring as much attention to his trades as possible, in hopes of making it clear to the market he was once again rerunning the same doomed play that nearly ended his career a month ago. In short, he is hoping that once it becomes clear he is back, his "followers" will follow him into triggering an other "meme stonk" gamma squeeze, one which allows Leopold to then dump everything to his witless followers. 

Only it won't work, because once again the "Nostradamus of AI" finds himself stuck in extremely illiquid names, and what's worse, instead of sharing risk exposure with his TRS counterparts, this time it is only his P&L that will blow up when his brokers rug pull him, which they will very soon now that it is again clear he is trying to squeeze them all, while the SEC is sniffing around. 

Which is why the only question we have is how to bet - in the cheapest possible way - on the second collapse of Situational Awareness in the coming days (especially now that DeepSeek is making a mockery of the massively overpriced memory space) a trade which even Leopold would profit from, as he prepares to hand his hedge fund over to Ken Griffin for the second time.

Tyler Durden Fri, 09/11/2026 - 20:10
Tyler Durden

Murderous NC couple found dead after gunning down family

NY Post
4 weeks ago
The chase ended near Athens, when Camryn Moore veered her car off the road and into a ditch to avoid a spike strip that troopers had thrown out on the roadway.
Daniel Cody

Jets are ready to — finally — end their interception ‘anomaly’

NY Post
4 weeks ago
Aaron Glenn waited nearly four seconds before answering.
Andrew Crane

Lock And [Re-]Loaded: Third Circuit Greenlights Major Challenge To New Jersey Gun Liability Law

Zero Rss
4 weeks ago
Lock And [Re-]Loaded: Third Circuit Greenlights Major Challenge To New Jersey Gun Liability Law

Authored by Jonathan Turley via JonathanTurley.org,

Some of us have been closely following challenges to A1765, New Jersey's gun industry liability law. In my view, the law is facially invalid and preempted under federal law, and we may now find out after the United States Court of Appeals for the Third Circuit greenlit a challenge from the National Shooting Sports Foundation (NSSF) yesterday. The court found that the NSSF has standing to bring the lawsuit, which could reach the United States Supreme Court.

In 2022, New Jersey enacted A1765 to expose "gun industry members" - gun sellers, manufacturers, distributors, importers, and marketers - to lawsuits as a "public nuisance." This is a common effort among blue states to circumvent Second Amendment cases that reinforce the right to bear arms.

These laws are designed to achieve indirectly what the Court denied directly to the states: to effectively suppress the availability of guns. Indeed, the law effectively requires manufacturers to self-regulate after the state was prevented from direct regulations, mandating that these companies "shall establish, implement, and enforce reasonable controls regarding its manufacture, sale, distribution, importing, and marketing of gun-related products." Id. § 2C:58-35(a)(2).

The problem is the Protection of Lawful Commerce in Arms Act ("PLCAA") which was passed to "prohibit causes of action against manufacturers, distributors, dealers, and importers of firearms or ammunition products, and their trade associations, for the harm solely caused by the criminal or unlawful misuse of firearm products or ammunition products by others when the product functioned as designed and intended." 15 U.S.C. § 7901(b)(1).

PLCAA does have exceptions, including negligence per se. Id. § 7903(5)(A)(ii). The predicate exception requires proof that the manufacturer or seller "knowingly violated a State or Federal statute applicable to the sale or marketing of the product," and that "the violation was a proximate cause of the harm for which relief is sought." Id. § 7903(5)(A)(iii).

However, in Smith & Wesson Brands, Inc. v. Estados Unidos Mexicanos, 605 U.S. 280, 299 (2025), the Supreme Court stressed that this exception applies only to those cases where the "plaintiff makes a plausible allegation that a gun manufacturer participated in a firearms violation as in something that it wished to bring about and sought to make succeed." Smith & Wesson Brands, Inc. v. Estados Unidos Mexicanos, 605 U.S. 280, 299 (2025) (citation modified).

In the case, the Government of Mexico sued seven American gun manufacturers, alleging that the companies aided and abetted unlawful gun sales that routed firearms to Mexican drug cartels under the predicate exception. It argued that the companies failed to exercise "reasonable care" to prevent trafficking of their guns into Mexico, and so are responsible for the harms arising there from the weapons' misuse as "willful accessories." As some of us predicted, it failed spectacularly in a unanimous decision.

Nuisance is not negligence per se, and gun control advocates have tried to use product liability and nuisance laws to curtail gun sales for years as an alternative to legislative gun bans, which would be struck down. (There are a couple of gun ban cases going before the Court this term).

As previously discussed, public nuisance was originally addressed in England by criminal laws against such offenses as obstructing "the King's highways." It evolved into a common-law tort to address a broader range of "interests of the community at large - interests that were recognized as rights of the general public entitled to protection," in the words of the American Law Institute's Second Restatement of Torts (1965-79).

Those cases collapsed, and rightly so. In Chicago v. Beretta U.S.A. (2004), the Illinois Supreme Court rejected the claim while acknowledging that "the tragic personal consequences of gun violence are inestimable." The court found no interference with a legal public right. It held that such theories "would permit nuisance liability to be imposed on an endless list of manufacturers, distributors, and retailers of manufactured products." The opioid claims are similar. Neither product was defective; both worked - all too well in some cases. The claims were based on third parties' illegal or harmful use.

The same result appeared in nuisance claims involving lead paint. In State v. Lead Industries Association (2008), the Rhode Island Supreme Court rejected an effort to use nuisance as a substitute for product liability. The court recognized the huge toll from the product while insisting that if it is defective, that should be addressed by product liability: "Our hearts go out to those children whose lives forever have been changed by the poisonous presence of lead. But, however grave the problem of lead poisoning is in Rhode Island, public nuisance law simply does not provide a remedy for this harm."

Consideration of the merits of the challenge in this case, however, was stymied by that state challenging standing. First filed in February 2025, the lawsuit was dismissed because it was filed before the law was enforced against any industry member companies. The state, under New Jersey's then-AG Matthew Platkin, sued several industry members, including GLOCK, Inc. NSSF promptly moved to reopen its lawsuit against New Jersey's gun control law.

The Third Circuit held, "NSSF's members' intended actions are arguably precluded by A1765 and affected with constitutional interests. NSSF argues A1765 enforcement actions against its members for otherwise lawful commerce would be an attempt to 'hold [its members] liable for the acts of third parties who use their legal products to commit heinous crimes.'"

Unless the standing decision is reversed, New Jersey will now face review (and a possible reckoning) over its latest effort to use civil liability as an alternative avenue for gun control.

Jonathan Turley is a law professor and the New York Times best-selling author of "Rage and the Republic: The Unfinished Story of the American Revolution."

Tyler Durden Fri, 09/11/2026 - 20:05
Tyler Durden

What Giants’ new-look offense and defense will look like under John Harbaugh in Week 1

NY Post
4 weeks ago
The Giants will debut John Harbaugh’s Bully Ball offense with QB Jaxson Dart and Dennard Wilson's press defense Sunday against the Cowboys.
Ryan Dunleavy

Huge California beachfront music fest abruptly canceled over storm damage

NY Post
4 weeks ago
The music festival was expected to feature the Killers and Olivia Dean, along with Khruangbin, Sublime, Jack White and others.
Marina Peña

Anna Wintour talks tennis, and more items from the column

NY Post
4 weeks ago
Catch up with this week’s items from Page Six in the New York Post. Roger and out Anna Wintour has been making the rounds at this year’s US Open — even as the Met Gala scandal continues to swirl around her. And while the Vogue legend has taken in plenty of tennis’ biggest stars, she...
mliss1578

Anna Wintour talks tennis, and more items from the column

NY Post
4 weeks ago
Catch up with this week’s items from Page Six in the New York Post. Roger and out Anna Wintour has been making the rounds at this year’s US Open — even as the Met Gala scandal continues to swirl around her. And while the Vogue legend has taken in plenty of tennis’ biggest stars, she...
Oli Coleman, Mara Siegler, Carlos Greer, Martha Williams

Bouncy castle ‘superbug’ outbreak sickened 48 kids, sent 15 to hospital, report reveals

NY Post
4 weeks ago
Health officials traced the cluster to an outdoor social gathering in eastern Ireland in the fall of 2025.
Ariel Zilber

Tarik Skubal’s former teammate defends Dodgers star amid espresso machine controversy

NY Post
4 weeks ago
Tarik Skubal’s Dodgers tenure was hit with controversy last month. It was reported that the two-time Cy Young winner took his espresso machine from Detroit that he had bought for the Tigers clubhouse at the start of the 2026 season. Skubal had received much unwarranted backlash for the decision to take it to LA after...
Valentina Martinez

Boxer Fernando Vargas Jr. arrested following Universal Studios parking structure crash

NY Post
4 weeks ago
The pugilist was placed in custody on suspicion of driving under the influence of alcohol.
Edward Lewis

Trump: If I Had To Do Iran Again I Would Do Exactly As I Did

Zero Rss
4 weeks ago
Trump: If I Had To Do Iran Again I Would Do Exactly As I Did

An interesting moment from Thursday night's Lara Ingraham exclusive with President Trump...

Q: Any regrets about Iran?

Trump: I don't believe in the word "regret."

Q: Any regrets about Iran?

Trump: I don't believe in the word "regret."pic.twitter.com/cia03v2rvz

— Clash Report (@clashreport) September 11, 2026

Trump even commented to Ingraham that he would make the same decisions all over again if he had a chance.

The Fox show host had posed to the president, "If we hadn’t done Iran, you would be cruising to midterms victory right now" - and made reference to high gas prices.

Trump replied: "supposing we were cruising, and all of a sudden Iran has a nuclear weapon. They would use it."

Explaining that he doesn't believe in "regrets" and that he has none especially about launching the Iran war, Trump asserted: "If I had it to do again, I would do exactly what I did."

He further argued that if Iran had a nuclear weapon, its leaders wouldn't hesitate to "wipe out" Israel and the Middle East, and could go so far as to hit American cities.

In a separate brief interview with the press this week, President Trump was asked about reports that Vice President Vance and Secretary State Marco Rubio warned him of the possibility that the Iran conflict could persist for the remainder of his term...

Reporter: Is it possible that the Iran war will last the rest of your term?

Trump: No. There’s not even a chance of that. pic.twitter.com/lUwxW9iiOL

— Clash Report (@clashreport) September 11, 2026

Trump vehemently denied that there's so much as a chance of this, but didn't actually explain how he intends to wind down the war in a way favorable to the US and White House policy. Or in other words, the American public still awaits words on a realistic exit strategy.

On going into Iran "full" - Trump did underscore that the midterm elections makes this a bad idea. His administration has also repeatedly said there won't be boots on the ground in Iran.

Was this a quiet part out loud moment?

Ingraham: "Even the neoconservatives are saying, 'If you'ge going to go in [to Iran] just go in full.'"

Trump: "Well, maybe I don't do that because of the election." pic.twitter.com/ZEXtZv1jsI

— J (@jasonllevin) September 10, 2026

Among the most interesting parts of the interview came when he was asked about the young men in MAGA who are angry over the Iran war:

Q: What do you say to all the young men who supported you in 2024?

Trump: They still do.

Q: Some of them are demoralized.

Trump: I don't think they're demoralized. I think they're very proud of the fact I'm not letting Iran have a nuclear weapon.

President Trump, when asked about the millions of demoralized young men who voted for him in 2024: “I don't think they're demoralized. I think they're very proud of the fact I'm not letting Iran have a nuclear weapon.”

Follow: @AFpost pic.twitter.com/e0YEsKYfXA

— AF Post (@AFpost) September 11, 2026

Trump earlier this week insisted of Iran's position in the conflict, "I don’t know that they’re gonna be able to hold out," Trump said. “But it’ll get settled after the elections. Or maybe sooner. But it’ll get settled right after the election."

The reference to it'll "get settled" could have ominous meaning. It suggests Trump could ether escalate against Tehran dramatically, or else there could be the opposite: de-escalation. The world will find out within a couple months.

Tyler Durden Fri, 09/11/2026 - 19:40
Tyler Durden

Best Prediction market promos, bonuses, and welcome offers | September 2026

NY Post
4 weeks ago
The best prediction market promos including bonuses, referrals and deposit matches from Kalshi, Polymarket, Novig, FanDuel Predicts and ProphetX.
Sean Treppedi

ESPN analyst sounds alarm on Rams defensive coordinator: ‘They have stunk’

NY Post
4 weeks ago
A small sample can still contain a large warning. Dan Orlovsky found one in Melbourne, where the Rams’ celebrated defense looked considerably less imposing than the collection of names Los Angeles assembled during the offseason. After initially criticizing Matthew Stafford’s performance in the Rams’ 27-7 loss to the 49ers, Orlovsky redirected the spotlight toward defensive...
Ryan Anderson

Masked strangerrapes woman making delivery, hits her with gun in NYC attack: sources

NY Post
4 weeks ago
The attacker -- a "total stranger" to the 37-year-old victim -- approached her as she made the delivery at Dongan Hills Avenue and Jefferson Street around 6 p.m. Wednesday, according to authorities and law enforcement sources.
Amanda Woods

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