I read a quote today that said the stock market is now a derivative of the options market.

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I think people underestimate how much younger traders do not give a fuck about putting all their eggs into one basket. Risk be damned.

Now about that gamma squeeze. We're in for more yes?

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Maybe...the fact it came back to 65 makes me think there could be another crazy move.

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Sorry, I can't hear you over the sound of me buying way out of the money calls to force MMs to buy shares in order to remain delta neutral.

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Something insane is happening.

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Crazy

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cliff notes?

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@audioidkid

A bunch of retail investors on Reddit are pumping the stock up by buying call options (which causes the option seller to hedge the equivalent stock position by buying more stock).

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i missed out on this mama jama. i thought about it at 40 but i was like no thats crazy.

The highest OTM option at open was $115. Were already deep in the money on that and it's not even noon!

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High of 159 so far...from a stock that closed Friday at 65.

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another gamma squeeze incoming

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I hope some retail investors are taking out short hedge funds and HFT.

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Hawaii (fuck) You

Back down to 88, halted again

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I think GameStop just caused that huge dip across the entire market.

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Just bought in. Like Bitcoin, I'm counting on Gamestop going to $1 million.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

It's a bit overvalued according to analysts LOL

https://www.google.com/amp/s/finance.ya ... 09666.html

Retail investors destroy a hedge fund.

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And the Mets have another idiot owner who may take another foolish haircut.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

Hah, I love it. These guys think they’re so smart when all they make are large, concentrated bets usually with other people’s money.

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Hawaii (fuck) You

IT'S OFFICIAL: THE STOCK MARKET IS A FUNNY MONEY MARKET. Thanks to the federal reserve.

It seems like we're doing something similar to what happened with CDOs during the housing crisis. This insane bull run fueled by cheap money is going to eventually run out of steam and the fallout is going to be intense. Rest assured Wall Street is going to do everything in its power not to be holding the bag once the music stops.

It is insane to me that a MM like Citadel can now help a hedge fund triple down on its failing short position.

I think (hope) the systemic risk factors are diffeent because we are only dealing with one stock as opposoed to the untire housing market.

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I am waiting for the Spac bubble to burst. There are so many bubbles that who knows what will go first. I wonder if the never ending confidence in the dollar will blow up. Then we’ll see if Jorr’s crypto love is a real safe haven.

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Hawaii (fuck) You

You know the bubble is about to burst when assholes like me are looking up SPACs to pour money into.

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Hah. Better to buy any traditional IPO. The Spacs are truly a rigged game for the sponsors. There have been numerous articles on the racket.

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Hawaii (fuck) You

Can you explain how its not a conflict of interest for a MM like Citadel to bailout a hedge fund with an active short position?

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Welp, they probably have a firewall between the MM and the fund that provided the bailout.....

The entire MM business is one big conflict.

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Hawaii (fuck) You

GME is back up to 113. The stock market is basically this scene from Vegas Vacation.

update 2: 120

Let's take down Citadel!

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