AMZN
FreeInference cost curves are collapsing
Cost per token fell faster than anyone modelled. That changes the margin story.
AMZN21 Jul· 6 min
Yara Haddad
6 notes · 12 subscribers · publishing since May 2026
Consumption vs seat models, security spend, and the unit economics under the cloud headlines.
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Latest note
Notes
6NET — consumption is stabilising
Net revenue retention is basing, and that's the variable that re-rates the stock.
NET20 May· 4 min
NET
FreeNET: rule-of-40 back in range
Net revenue retention is basing, and that's the variable that re-rates the stock.
NET13 Apr· 9 min
Why CRWD's margins inflect this year
Subscribers get the full thesis, the levels, and my positioning on CRWD. Subscribe to read on.
CRWD27 Mar· 7 min
CRWD
FreeReading CRWD past the bookings noise
Consumption trends stabilised two quarters before the Street will admit it.
CRWD19 Mar· 3 min
Reading ZS past the bookings noise
Consumption trends stabilised two quarters before the Street will admit it.
ZS4 Mar· 6 min
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Track Record
VerifiedLast 30 Days · Shares+0.7%
Cumulative Return · 2 Closed
50%
Win Rate
+3.4%
Best Call
4d
Average Hold
100
Closed Calls · 3 in 30 Days
GS Long
$44.17 → $45.67 · Jul 16 – Jul 21 · 6d Hold
+3.4%
META Long
$50.05 → $48.74 · Jul 12 – Jul 15 · 3d Hold
-2.6%
CVX Put $257.77
$1.28 → $1.22 · Jul 4 – Jul 12 · 8d Hold · exp Jul 19
-4.5%
Live Calls Are Subscriber-Only
The verified record above is public. Subscribe to see live calls as they open — entry, conviction, settlement, and the full thesis.
OptionsModeled
-4.5%
Avg Modeled Return · 1 Closed
0%
Win Rate
-4.5%
Best Call
8d
Average Hold
0%
Each bar is one closed option call's modeled return, oldest to newest. Premiums are modeled with Black-Scholes from the live underlying + its historical volatility, and settle at intrinsic value on expiry — a consistent estimate, not exact traded fills.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Figures are computed automatically from third-party market data and may contain errors; option figures are modeled, not traded fills. Past performance is not a reliable indicator of future results.