u/NorthcoteTrevelyan

SKM owns 0.54% of Anthropic (3.7M shares), per its Korean-language 2025 business report, with Anthropic’s ARR growing 12,400% YoY to $45B in April 2026. SKM’s current market cap ($15B) ignores this stake; SOTP values SKM ex-Anthropic at $17.7B (18% upside), and adding a $4T Anthropic valuation yields $38.2B equity (~$99.57/ADR, +155%). Buy SKM calls to capture the asymmetric upside from Anthropic’s continued revenue acceleration and eventual public disclosure or catalyzed re-rating. Anthropic growth slows (ARR <$50B in June print), dilution from future funding rounds, SKM’s core telecom business underperforms, or market fails to revalue hidden assets.

ALK's loyalty program (valued at $12B) has fundamental security flaws, including vulnerable session cookies and ineffective password resets, leading to widespread mile theft. Public exposure or financial fallout from this ongoing, unpatched breach could severely damage consumer trust and crater the stock, which only has a $4.5B market cap. Purchase ALK puts to capitalize on the market pricing in this massive cybersecurity liability. The market may ignore the vulnerability, or ALK could quietly patch the exploit before a major PR disaster occurs.