The number of sea shanties being sung about GameStop is a larger positive integer than I would have expected in 2019https://www.reddit.com/r/wallstreetbets/comments/mc7t74/gme_sea_shanty_tendies_in_the_ocean_aping_the_dip/ …
The basic risk in this process is that options (a cheap bet on a block of 100 shares) have lots of built-in leverage, that just owning the stock doesn't. It means in extreme events the options can automatically move prices in a feedback loop
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These kinds of squeezes are well understood, but what's new here is a market where SO MANY options are being traded and used basically for gambling. This is a new level of systemic risk we haven't had before
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What's the worst that could happen?
End of conversation
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