Daily Activity Report -- October 8, 2026

Locator: 51890B. 

Fast Money: I see Dan Nathan is getting miked up for "Fast Money." I wonder if he will say anything about AAPL. LOL. See an earlier post, link here.

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Back to the Bakken

NDIC map: I'm getting used to the new map. 

WTI: $91.14. 

Active rigs: 34. 

Seven new permits:  

• Operators: Devon (6 new permits); EOG (1 new permit)
• Fields: Buford (Williams County), Hardscrabble (Williams County); Clarks Creek (McKenzie)
• Comments:
• Devon has permits for six Fury wells, SWSW 2-152-104; and a permit for one Lippert well, lot 3, section 1-153-102; 
• the Lippert well will be sited 278 FNL and 1697 FWL, section 153-102; and the Fury wells will be sited 1192 / 1311 FSL and 668 / 674 FWL in section 2-152-104.
• EOG has a permit for a West Clark well, lot 5, section 36-151-95, 
• to be sited 847 FNL and 1879 FWL. 

Three permits were renewed:

• One each for Enerplus, MRO, and Phoenix Operating, in Queen oil field, Bailey oil field, and New Home oil field, respectively.

Slightly fewer than 20 wells had a change of operator, from Zargon Oil to Marza Oil.  

A Little Deeper Dive -- AAPL -- Apple -- October 8, 2026

Locator: 51889AAPL. 

See disclaimer. 

Options trading: this appears to be a new segment on CNBC -- interruptions throughout the day regarding trends in options trading. If so, it appears this new segment has been around for the past month or so. Perhaps it's been here forever and I simply missed it.  

Query: 

"Did I hear on CNBC today that the October option expiration trading suggests that AAPL could trade above $345 this month which would be an all-time high?" 

Reply:  

Recent options trading activity and CNBC commentary suggest that heavy open interest near the $345 strike—Apple's previous all-time high—indicates traders are positioning for a potential breakout this month.

Full discussion here, link here. Link: https://share.google/aimode/eLDOQyioXNlqCwLsO.

For chartists: with a p/e of around 38. It's forward p/e is not particularly different, many see as 35. Many analysts feel more comfortable with a p/e of 26 - 30 for AAPL, it's been my experience that AAPL generally runs about 32 which many CNBC analysts consider "expensive."

Also, did you note the market cap? Whoo-hoo! $4.93 trillion. For comparison, NVDA has a $5.67 trillion market cap. MSFT? $3.94 trillion. 

Micron's P/E = 15 -- October 8, 2026

Locator: 51888MICRON. 

Tag: MU. Samsung. TSMC.

The chart: 

A p/e of 30 takes MU to $2,000 / share, all things being equal. 

See disclaimer. 

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Reuters Tech Headlines

 

California Dreamin' -- Latest Update On The California Bullet Train -- October 8, 2026

Locator: 51887BULLETTRAIN. 

To be filed under "hope springs eternal."

When California voters first approved the high-speed rail project by passing Proposition 1A in November 2008, the total cost for the entire Phase 1 system (connecting San Francisco to Los Angeles/Anaheim) was estimated at $33.6 billion.

If you go back even further to the project's very earliest conceptual planning in 1999 by the California High-Speed Rail Authority, the initial baseline estimate for the statewide network was just $25 billion.

Seriously, in 2040, is there really anyone going to take the train from LA to San Francisco? My hunch: yes, only because commercial air will literally not be able to keep up with demand.  

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Huawei

Link here. 

I have absolutely no interest in this. What caught my eye? "...EV sales slow." 

But now Huawei only sells several million smartphones outside China each year, Yu said. He added the company plans to expand its HarmonyOS operating system to overseas markets in the next one to three years, and hopes China’s chip manufacturing capacity will one day enable overseas sales of devices with self-developed chips. 

Will need to pivot to hybrids, which are simply ICE engines with batteries to supply limited increase MPG. 

Legacy Fund -- Data For Sepember, 2026 -- Posted October 8, 2026

Locator: 51886LEGACYFUND. 

Link here. 

Site / chart won't load on some browsers.

Charts:

TSMC Chips And Packaging With Memory -- October 8, 2026

Locator: 51885TSMC. 

Look back at this blog first. Then note the following:

Query:  

Is TSMC manufacting DRAM, HBM, NAND along with CPUs and GPUs?

Reply: 

Query

:What percent of chips that TSMC manufactures are sent from the factory packaged with memory (HBM, DRAM, or NAND flash)?

Reply:

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TSMC Sales

Previously Posted

 

Locator: 51884MICRON. 

TSMC -- breaking: TSMC -- September net revenue came in at 511.86 billion New Taiwan dollars ($16.03 billion), up 54.6% from a year earlier. Link here. The story has been updated to reflect that sales did not hit a record high in September.

Most interesting with regard to TSMC's growth: it continues to accelerate (not slowing down, not plateauming, not decreasing) -- I honestly don't think talking heads on CNBC "get it":

There's a reason D. A. Davidson is tripling its price target for Micron.

Breaking Now At 2:00 A.M. CT -- TSMC Sales Surge In September; Micron -- October 8, 2026

Locator: 51884MICRON. 

TSMC -- breaking: TSMC -- September net revenue came in at 511.86 billion New Taiwan dollars ($16.03 billion), up 54.6% from a year earlier. Link here. The story has been updated to reflect that sales did not hit a record high in September.

Most interesting with regard to TSMC's growth: it continues to accelerate (not slowing down, not plateauing, not decreasing) -- I honestly don't think talking heads on CNBC "get it":

MICRON: The most "interesting" Mag-7 stock right now? Micron -- MU goes up almost 5% yesterday, holds its gains overnight, and a major investment firm triples its price target on the stock -- and folks still talk about the allure of bonds. Okay. In one year, MU has gone up 450%. 

Micron: link here.

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They Must Not Be Including The Drive To The Airport

The drive to the world's second/third largest airport (DFW) is even less of a hassle than driving to the small Portland, OR, regional airport.