The tidal wave of call-buyers who were inspired by Roaring Kitty have been left holding the bag.
Roaring Kitty (AKA: DFV) has Exited Stage Right, having converted his remaining call options into a normal equity position. At the same time, newcomer “investors” who bought calls must be wondering why the value of their options continues to crumble even though the stock is relatively stable. Well, one chart answers that question………check out the implied volatility (and, thus, the premium value):
