I bought some more $VIRT this morning at ~$31.20.
Meme stonks are blowing up all around us yet EPS estimates haven’t budged. I think Q2 could be another blowout quarter even with the broader market looking sleepy.
More vol surprises = more buybacks
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Is meme stock trading a sustainable long term source of revenues?
From Virtu's perspective, meme stock trading is like drilling for oil. We think we've run out of fuel until oh, wait, we found another well & the gravy train keeps rolling. Meme stock surprises are the short term catalyst, options/ETFs/crypto expansion is the long term catalyst
