The investor has taken a "new all in" position in PALU (Direxion Daily PANW Bull 2X ETF) at an average cost of $33.60, anticipating a major price move following Palo Alto Networks ($PANW) earnings on June 2nd. The bullish thesis is supported by a $10M insider buy from the PANW CEO, a $1B stock buyback authorization, and significant new positions from hedge funds like Atreides Management. Additionally, the user reported selling HLIT at $16.32 for an 8% gain to fund this high-conviction trade.